Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Careers - Employment
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

D.W. Simpson & Company International Actuary Jobs
  Canada  Asia  Australia  Life  Pension  Casualty
Bermuda, United Kingdom, Europe, Asia, Worldwide


Reply
 
Thread Tools Display Modes
  #1  
Old 03-17-2006, 02:39 PM
cdogstu99's Avatar
cdogstu99 cdogstu99 is offline
Member
CAS SOA
 
Join Date: May 2005
Favorite beer: Clown Shoes
Posts: 46
Default Need Career Advice

I've passed 2 exams..working with an Insurance Co as a student/analyst and i'm 30 years old. I really don't enjoy the work, hate the tests and am really pretty positive i will fail the next test. I have a finance background and ultimately want to work for myself and have my own business, just not sure of exactly what yet.

I had looked a 1 year MBA in Entrepreneurial studies at a very highly regarded local business school. Costs about $45K. Would I be crazy to leave the field and do something like this?
Reply With Quote
  #2  
Old 03-17-2006, 03:26 PM
silverfox's Avatar
silverfox silverfox is offline
Member
CAS SOA COPA
 
Join Date: May 2005
Favorite beer: Westmalle Tripel
Posts: 14,522
Default

Can you trick your company into helping to pay for your MBA?
__________________
Reply With Quote
  #3  
Old 03-17-2006, 03:30 PM
whisper's Avatar
whisper whisper is offline
Member
CAS AAA
 
Join Date: Jan 2002
Location: Chicago
Favorite beer: Hefewizen
Posts: 29,921
Default

Quote:
Originally Posted by cdogstu99
I've passed 2 exams..working with an Insurance Co as a student/analyst and i'm 30 years old. I really don't enjoy the work, hate the tests and am really pretty positive i will fail the next test. I have a finance background and ultimately want to work for myself and have my own business, just not sure of exactly what yet.

I had looked a 1 year MBA in Entrepreneurial studies at a very highly regarded local business school. Costs about $45K. Would I be crazy to leave the field and do something like this?
You're crazy to stay in a career that you don't enjoy.
Reply With Quote
  #4  
Old 03-18-2006, 01:13 PM
cdogstu99's Avatar
cdogstu99 cdogstu99 is offline
Member
CAS SOA
 
Join Date: May 2005
Favorite beer: Clown Shoes
Posts: 46
Default

i doubt they'd pay for my mba, since i'm in the actuarial program, I'm sure they'd wonder why I would need an MBA. My concern is that since I want to ultimately be involved with my own business, after graduating with 1 year MBA, i'd be in debt for 45K and drained of all my savings to live on for the year. Is it really worth it?
Reply With Quote
  #5  
Old 03-18-2006, 01:20 PM
SirVLCIV's Avatar
SirVLCIV SirVLCIV is offline
Member
 
Join Date: Feb 2006
Posts: 44,450
Default

What type of business do you want to start, and how can you prepare yourself to start it?
Reply With Quote
  #6  
Old 03-18-2006, 01:44 PM
DW Simpson DW Simpson is offline
Site Sponsor
Site Sponsor
 
Join Date: Sep 2001
College: Yes
Posts: 18,631
Default

Quote:
Originally Posted by cdogstu99
i doubt they'd pay for my mba, since i'm in the actuarial program, I'm sure they'd wonder why I would need an MBA. My concern is that since I want to ultimately be involved with my own business, after graduating with 1 year MBA, i'd be in debt for 45K and drained of all my savings to live on for the year. Is it really worth it?
There have been several recent BusinessWeek discussions about School Debt, the MBA and You --

Thirty & Broke, 2005: http://www.businessweek.com/magazine...6/b3959107.htm

The Ever-Costlier MBA Degree, 2004: http://www.businessweek.com/bschools...5621_bs001.htm

Is The MBA Overrated?, 2006: http://www.businessweek.com/magazine...2/b3976089.htm

Some others: http://www.google.com/search?hl=en&l...sinessweek.com
Reply With Quote
  #7  
Old 03-18-2006, 01:44 PM
DW Simpson DW Simpson is offline
Site Sponsor
Site Sponsor
 
Join Date: Sep 2001
College: Yes
Posts: 18,631
Default

Quote:
Originally Posted by SirVLCIV
What type of business do you want to start, and how can you prepare yourself to start it?
Bingo.
Reply With Quote
  #8  
Old 03-18-2006, 01:47 PM
DW Simpson DW Simpson is offline
Site Sponsor
Site Sponsor
 
Join Date: Sep 2001
College: Yes
Posts: 18,631
Default

These discussions of alternative careers may be useful, too: http://www.actuarialoutpost.com/actu...13&postcount=8
Reply With Quote
  #9  
Old 03-18-2006, 02:15 PM
cdogstu99's Avatar
cdogstu99 cdogstu99 is offline
Member
CAS SOA
 
Join Date: May 2005
Favorite beer: Clown Shoes
Posts: 46
Default

i had plans a few years ago to start an ebay drop off business, but someone has done such in my area recently, and I had second thoughts about the business model eventually. I graduated about 8 years ago with a finance degree, and have worked as a financial advisor, web developer, and recently actuarial analyst. I'm not exactly sure what type of business that I'd like to start, but I've realized that I despise working for others and that I want to be in a position where i will control my destiny. I feel that I'm too creative to be locked in a 9 to 5 job. I've had some small online businesses that have had minimal success, and so I'm not sure that I exactly have a definite business in mind. So frustration is definitely surrounding me. But i will take a look at the links you provided. Thanks!
Reply With Quote
  #10  
Old 03-18-2006, 04:22 PM
DW Simpson DW Simpson is offline
Site Sponsor
Site Sponsor
 
Join Date: Sep 2001
College: Yes
Posts: 18,631
Default

I don't know that an MBA would help you be successful in an online business, at least on your own and warrant the expensive outlay.

From what I've read over the years, part of what makes them so successful is that they never sleep. They're always working on their sites and new ideas. Yeah, it's not a 9 to 5 job -- sometimes it's a noon to 4am job for them.

You have a PM.

Last edited by DW Simpson; 03-18-2006 at 04:30 PM..
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 10:02 PM.


Powered by vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.24352 seconds with 7 queries