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  #1  
Old 07-29-2006, 11:29 AM
kuchcha kuchcha is offline
 
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Thumbs down H1Bs and Actuary jobs

It is common knowledge that most actuary firms donot embrace the idea of hiring international students after graduation to avoid the paperwork involved.

1> Is this a healthy direction since the IT industry has greatly benifitted from international students.

2> Should international students consider studying actuarial science in US as their chances of getting hired sounds bleak?
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  #2  
Old 07-29-2006, 11:47 AM
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Quote:
Originally Posted by kuchcha
1> Is this a healthy direction since the IT industry has greatly benifitted from international students.
Until there is a shortage of workers with citizenship, I doubt things will loosen up.
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Old 07-29-2006, 02:39 PM
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By 1> do you mean how IT jobs are getting outsourced to India?
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Old 07-29-2006, 02:57 PM
Westley Westley is offline
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The main problem my firm finds is that internationals view the two careers as similar, or at least approach getting hired similarly.

A Chinese (since that's what we see the most of) student can contribute to a lot of IT projects with a minimal English.

Actuarial work, that's just not true.

If there were a lot of foreign students with great English skills and great aptitude for actuarial work, then people would move to hire them.
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Old 07-29-2006, 03:37 PM
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Quote:
Originally Posted by Westley
The main problem my firm finds is that internationals view the two careers as similar, or at least approach getting hired similarly.

A Chinese (since that's what we see the most of) student can contribute to a lot of IT projects with a minimal English.

Actuarial work, that's just not true.

If there were a lot of foreign students with great English skills and great aptitude for actuarial work, then people would move to hire them.
I will add the obvious: it doesn't really matter where you study in college or, indeed what field you major in. What does matter is that you pass some SOA/CAS examinations. Secondly, as Westley says, you must be able to communicate reasonably well in English to be considered for an actuarial job by most companies.

Brad


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Old 07-29-2006, 10:29 PM
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I agree with Westley and Brad. I have seen international students in all major actuarial firms, be they consulting or insurance. Consulting firms are very willing to hire international students as long as they have good communication skills and have exhibited their ability to pass the actuarial exams. The cost to apply for H-1b will easily be covered with a month of billing. The problem is, many students think that this is an easy industry that offers great salary and they therefore all expect to be hired but forget the fact that they also need certain skills before they can be considered.
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Old 07-30-2006, 04:23 AM
kuchcha kuchcha is offline
 
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Quote:
Originally Posted by Westley
If there were a lot of foreign students with great English skills and great aptitude for actuarial work, then people would move to hire them.
What do you mean by great english skills. How does one(international student) measure it...I donot beleive in the standardised tests...
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Old 07-30-2006, 04:27 AM
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Quote:
Originally Posted by kuchcha
What do you mean by great english skills. How does one(international student) measure it...I donot beleive in the standardised tests...
Code red.
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Old 07-30-2006, 05:09 AM
kuchcha kuchcha is offline
 
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Quote:
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Code red.
I dont get you. Is that a joke??
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  #10  
Old 07-30-2006, 08:36 AM
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Quote:
Originally Posted by Spelling Policeman
Code red.
lol
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