Hey Bri!! Please make a video of the "low unemployment rate", came to Spain from Peru to become into an actuary precisely for the "high employment rate" and there's few jobs opportunities even for internships, so, kinda disappointed. Although in Europe, except UK and Germany perhaps, there's no need for taking exams. Your videos are amazing!!
I would love you to talk about the employment opportunities of actuaries And is it only the insurance industry actuaries can work in I would love to see some videos regarding the above
Showing R code for actuarial works 😂. Must be fluent in data analysis, I think. Excel? Must be VB excel. I am in Finance and Finance is already harder doing R codes 😂. Thanks
It's important to set what "alone" is relative to. It's a bit of a misleading statement as you can find many actuarial departments that collaborate every day in a team setting, using both software (Teams, Slack) and video meetings (or in person pre-COVID). Yes, you aren't going to be writing code with a buddy or inputting data into Excel sheets in a group setting, but a lot of group work can go into designing and reviewing actuarial models and processes. A lot of this will be dependent on the culture of your company/department and what type of work you do. There are certainly positions where you work alone for the majority of the day, but don't assume it's a given negative for the profession.
1. You have to have an interest in insurance 2. You have to like working alone 3. You have to study for the many exams 4. You have to like working in a corporate environment 5. You have to love geeky things like working with data 6. You have to love and go into the many details. I love your videos! :)
I am Korean and I am currently preparing for the actuary exam administered by Korea. Of course, my nationality is different, but I was able to think about the mindset and work environment that are important to an actuary again and devote myself to studying for the exam. Thank you for uploading a good video!
Hi, I am actuary from Brazil and your channel is amazing! Just one comment about the video. I believe reserving actuaries should know about others areas such as operations, claims, reinsurance and others because it help us to apply more information in reserving analysis. Is essential that actuaries know the insurance business and we achieve it when we not work alone the actuaries need to speak with everyone. Great video!! Great tips!!
Was a senior actuary for 3 years. Switched to Finance because the work in the the 21.century beacame only about regulations, additionally I would not advance my career as I am not boring enough to be an actuary.
I am still in high school and I wonder about what an actuary is about. I am worried that if the career is not suitable for me. Luckily, all of the details mentioned in the video are the things that I can deal with :)
Gosh young man trust me...KEEP IT UP! When I was your age many moons ago I used to love math but just for the sake of it. Never had an idea on how to use it in the Real world and believe me, I've paid (and still am paying!) a HUGE price for that mistake. You are heading in the right direction son...stay the course!
I’m obsessed with financial analysis, statistics, graphs, the stock market, bookkeeping, personal finance etc Do you think this is the suitable job for me?
YES! For sure. You'll just have to look into the exam process and make sure you're willing to put in the work to pass them. Here's a post/video about how actuarial exams work: etchedactuarial.com/how-actuarial-exams-work/
Actuarial work doesnt really have those components except for statistics. If you like finance and stocks, why dont you get into more conventional finance jobs?
Maybe you’d like financial Controlling or audit? Actuary science requires a high level of mathematical understanding. If that’s what you are aiming for, go for it. I‘d suggest you better do some Intershops before deciding what to study in particular.
I'm a pharmacist intern and I find my job boring in the sector I'm in. Private and industry might be more interesting, but I don't like working with people so much. And I really loved working with numbers/math, I'd LOVE to be in corporate, I actually enjoy studying, etc so I'm thinking of changing careers to actuarial science. I'd still like to have my pharmacy career though by locuming.
I actually became a pharmacist. Back when in undergrad, I went to a career center in college and took a test to match me with my preferred career. Actuary was my #1. But…due to my beliefs at the time, I chose the medical field, even though statistics and data was my jam (and I still enjoyed science). Fast forward 10 years later, and I learn more about the actuarial career, I get a certificate in healthcare data analytics…and then think..wow, yeah, that would’ve been a great career for me!
I have a job where they don't have a paid study program on the job. So trying to study for and pass an exam is very challenging. By the end of the day I really only have 2-3 hours of useful mental energy left to invest. I still have to take care of other basic tasks like cooking meals and other household things. So if I want to try to study for an exam I basically don't have the time to do anything during the week other than work and study. It's really overwhelming and I'm hoping I can pass this exam in March so I can either show the company they need a study program to keep me around or to help me find a new job.
Hi Jon! I'm sorry you're in such a stressful situation. Keep studying hard and you'll be done with the exam before you know it. I hope your workplace implements that study program for you!
Thanks for the vid, it's really informative and encouraging. It also helps me with motivating myself to pursue a career of actuary. Right now I changed my degree from management studies to applied math so hopefully in a couple of years I might be able to comeback as an actual actuary ;)
This is the first time I've really thought I might have to quit being an actuary. I've always been really good at math, but all six of your points are things I dislike about my current job, and now I wonder if there's anything else out there.
As an insurance underwriter we rely on actuaries to predict future losses and expenses. This is VERY difficult. An actuary needs understand insurance because changing one paragraph of an entire policy can alter the claims that may occur.
Great video! I would say you don’t need to love insurance to become an Actuary. Many Actuaries work in other sectors such as Pensions, Investments and even Marketing.
Everything about this career sounds amazing to me! Before today I had never even heard of the Actuary profession 😅. It came up on my Meyers-Briggs Type Indicator test and I’m so glad it did!!
Well I like 4/6 but the two of them that I hate are kinda big. Exams and not particularly interested in insurance itself. I nearly fall asleep trying to set up my own policy. I don’t mind studying for exams but that’s only in the hope that it will be over.
Is it feasible to change careers to an actuary, even a year or two after college and without any related experience/education? What would the first step even be? I'm currently in the IT industry as a helpdesk engineer and I'm starting to get real tired of it. I don't have a strong background in mathematics but I do love working with data and an actuary career sounds right up my alley.
I’ve graduated university a few years now and decided I wanted to become an actuary. What I’ve done is apply to master programmes in actuarial science that include future exam exemptions. Before I started the masters I was a maths teacher at high school.
So, I love math, insurance, meetings, and office environments, etc. But I don’t like working alone. I’m a very social person and I would rather work in a team. Is there a job that is SIMILAR to an actuary but in more of a group setting?
All the disadvantages that u stated in the video are actually all the things I like to do😂😂😂 I’m confident that an actuary will be my career path in the future. Finishing high school this year and going to university next year to start my journey. Thanks for the tips
I really wanted to hear reasons that I shouldn't try for it since it's good to hear both sides but woah holy mama 5/6 of these reasons are huge pluses for me. And nowadays there is a lot more working from home in office jobs
Glad to hear you're considering diving into the actuarial field! Totally get wanting to know the downsides too, but hey, if 5/6 reasons are major pluses for you, that's awesome sauce! 😊
Lol 5/6 sound like pros to me the only con for me is i don't have much interest insurance but i already was also planning to seek non-traditional work in finance and the exam being focused on insurance doesn't deter me. I tour college i plan on to applying tomorrow! I am doing applied mathematics with an actuarial focus in my course track these videos have been very helpful and has shown me how much this field interests
@@EtchedActuarial tour actually went extremely well and also inspite of the fact i got a ged due to life issue prevent from finishing high-school they resured me that i should able to still get it as long as my scores are high enough which they should be! they translate to about 3.5 gpa (2 am text sorry for typos lol)
They also offer a lot of assistance with exam prep and host quite a few of them on campus inspite of the fact they technically don't offer a true actuarial degree
I’m in 10th grade high school and my distant cousin was an actuary which inspires me, but some of the detail in this video deter me. I like working alone but the exams and everything sound like a hassle, I’m sure I could manage, but I don’t know if I’d have fun doing this job in the end. I’m also a incredible music producer but the music industry is very sketchy, I don’t really know what to do now. Im exceptional at math and good at science, I like programming a lot, I starting to push myself in school a lot more than I have, but I still don’t know what I would like to do as a career.
Hi Ben! It's true that the actuarial exams take a lot of time and effort. You want to be 100% sure that you'd be happy to do the work for the long run! I'd recommend watching day in the life videos for any career that you're thinking about so you can decide if you'd really enjoy doing it day after day. It's worth it to think long and hard about what you really want to do. Luckily, you've still got lots of time to do that! I'm wishing you luck :)
I’m thinking half are cons to me and half are pros. But what it seems like an actuary would be doing are things that just come to second nature to me where I’d be very good at it. What would be the best transition to actuary work for someone that has an engineering degree?
Yes, some companies do compensate for study time! But you should also expect to dedicate some personal time in order to be fully prepared for your exam.
@@EtchedActuarial I'd rephrase that to "be prepared to dedicate A LOT of personal time". Companies generally do provide study time but it's nowhere near enough.
Hey! Thank you for the video. I’m considering studying Actuarial Science. Could you tell me what specific entails working in insurance? What do you do, how do you apply your knowledge of actuary in insurance?
Hey! This video explains what actuarial work really looks like, and how it relates to insurance: ruclips.net/video/Y_3iGhUkxLk/видео.html If you still have questions after watching, just reply back and ask me! :)
It depends on the type of program you're in. You may be able to pick up some data skills through your university courses, but much of it can be acquired through online resources or personal projects. You will also continue to build on those skills on the job!
What if? 1.I already work in insurance industry. 2.I love working alone. 3.I love working with numbers. 4.Good at math. 5.Ready to invest time to become an actuary.
We have lots of resources in the AAC to improve on your technical skills - lots of video lessons and challenges for Excel and VBA, and also a recently added Python course! Find more information about the AAC here: etchedactuarial.com/accelerator
By working with insurance. Am I having to sell it or is it more knowing the math behind it. I would not like making calls and trying to sell people insurance.
Hi there! What actuaries do is (luckily 😂) NOT making phone calls to try and sell insurance. It's all about the math behind it! Check out this blog post to learn more about what actuaries do: etchedactuarial.com/what-do-actuaries-do/
Hi, just looking for some advice as a freshman studying at purdue and still has no idea what major to choose (ray it would be great if yall could help me out. I'm a person who doesn't have that much of a passion for anything (r) as bad as it sounds, I love fashion and content creating and always wanted to pursue it, but I never rlly thought of it as a realistic job option. one thing I know about myself is that I somewhat enjoy math and want to make enough money without having to spend all of my time in my job. So my question is, do you think you could be an actuary even if you don't absolutely love math? and also, are some actuaries more focused on communicating and consulting instead of just pure math? And lastly what is ur opinion on work, personal life balance in this field? Thank you Hi,
Hey there! It’s totally normal not to have everything figured out as a freshman, so don’t worry! Actuarial science could be a good fit for you, especially since you enjoy math and want a well-paying career without it taking over your life. While actuaries do need a solid math foundation, you don’t have to be absolutely obsessed with it - a lot of the work also involves consulting, problem-solving, and communicating complex ideas in simple ways. Plus, the field generally offers a pretty solid work-life balance, especially once you pass a few exams and settle into your role. I hope this helps!
Hey Bryan! You don't necessarily have to know a lot about insurance to get started in the actuarial field - you just have to be interested in learning about it and working with it every day! If you aren't sure if that's you, I'd recommend watching some day-in-the-life videos to see more about how actuaries work with insurance and if it's something you would enjoy :)
Yes, you'll still be fine in university! If you're going to pursue a career as an actuary later on, you'll need a bachelor's degree. After that, you should complete all the necessary qualifications to secure an actuarial job. :)
@Etched Actuarial Well I'm interested also in being a statistician When I started university I realized I was always doubting betweenbeing in the college of science with math major and the college of business administration with finance so that's why when I found out that actuarial career, it caught me, also because I really like Statistics
@@av6530 In statistics you will likely have to learn how to use some software to carry out the tests and analysis as well. Maybe you're more concerned about heavy programming instead of using tools like Excel? A little bit of programming can help automate tasks and make things much more efficient!
Hey Lushomo! Yes, you absolutely can! You don't have to be a math genius to become an actuary. If you were able to understand the math concepts in your last year of high school, you should be alright! :) You can check out this article for more details: etchedactuarial.com/smart-enough-actuary/
I am actually from india but i actuly want to work in abord so what is the procedure to do so beacuse i have heard and read from many people its difficult for an acctury to work in abrod
Hi Priyanshu! I'm not very familiar with the actuarial journey in India or what the process is like for working abroad. My expertise is only in the US and Canada. Sorry about that, and best of luck on your journey!
Hi Angela! Yes, you can still become an actuary! I'd recommend checking out this article to learn more about what's required: etchedactuarial.com/steps-to-becoming-an-actuary/ I hope that helps, and let me know if you have more questions! :)
I have been working in Actuarial Team (Group Insurance and Pensions), But haven't cleared any Actuarial exams what do you suggest. I love to work in Insurance
It's great that you already have exposure and relevant experience! Are you working in Canada or the US? If so, you can get started with either Exam P or FM.
Is it wrong to want to pursue this career out of spite? I feel like there is so much pressure trying to be successful in this field, but the hardship inspires me to overcome that challenge. Am I in the wrong for wanting to prove those who doubt me incorrect?
I think if the actuarial career is something you'll truly love, there's nothing wrong with wanting to prove yourself to the people who doubted you. A lot of people choose the actuarial career because they love a challenge! :)
Love your video. I’m now doing actuarial auditing in KPMG but I’m not really into it it’s so boring. I really want to do pricing part so I’m thinking about changing my job. Do you really think my auditing work experience will be helpful for me to find a pricing job?
@@EtchedActuarial Thanks for replying, it’s my first job after graduating. So I’m going to keep doing this and hopefully I can go to an insurance company when my contract is completed. Then do pricing part in the future 😊
@@beiniyang239 The big four are, as you noticed, mainly for auditing. This is not really actuarial science so yeah working in a compagny might be better is you want to work on pricing, provisioning, etc.
Yes you can! You already have the math knowledge and in a lot of cases the technical skills needed as well. The next steps would be to gain relevant experience and start taking exams. You can learn more about how to become a top candidate here ruclips.net/video/abONBXBKP3s/видео.html&
Hey I want to be an actuary when should I pursue that after my high schools education or after my graduation? And how can we study for actuarial exams ? Pls make a video on that?+!!!!!
Hey Raghav, thank you for the video suggestion! In the meantime, here's a quick answer for you. Your best bet is to start the actuarial journey while you're doing your Bachelor's degree! Check out this blog post that outlines the process, including how exams work: etchedactuarial.com/steps-to-becoming-an-actuary/ Hope that helps! :)
Yes, it's definitely possible to work from home as an actuary. Many actuaries perform tasks like data analysis, risk assessment, and report writing, which can be done remotely with the right tools and technology. Plus, many companies are now more flexible with remote work options. Just make sure you have a good setup at home and stay connected with your team.
What do you want me to make my next video about?
Hey Bri!! Please make a video of the "low unemployment rate", came to Spain from Peru to become into an actuary precisely for the "high employment rate" and there's few jobs opportunities even for internships, so, kinda disappointed. Although in Europe, except UK and Germany perhaps, there's no need for taking exams. Your videos are amazing!!
I would love you to talk about the employment opportunities of actuaries
And is it only the insurance industry actuaries can work in
I would love to see some videos regarding the above
Idk some legal things you need to know: I mean it's not all math, is it?
Hi brea, please make a video about FAP modules if it's possible. Merciii
Showing R code for actuarial works 😂. Must be fluent in data analysis, I think.
Excel? Must be VB excel.
I am in Finance and Finance is already harder doing R codes 😂. Thanks
"You have to enjoy working alone", looks like I found my dream career
😂
👏👏👏
😂
Yes. Even in a team, I work in the corner and often produce the best results lol
It's important to set what "alone" is relative to. It's a bit of a misleading statement as you can find many actuarial departments that collaborate every day in a team setting, using both software (Teams, Slack) and video meetings (or in person pre-COVID). Yes, you aren't going to be writing code with a buddy or inputting data into Excel sheets in a group setting, but a lot of group work can go into designing and reviewing actuarial models and processes. A lot of this will be dependent on the culture of your company/department and what type of work you do. There are certainly positions where you work alone for the majority of the day, but don't assume it's a given negative for the profession.
1. You have to have an interest in insurance
2. You have to like working alone
3. You have to study for the many exams
4. You have to like working in a corporate environment
5. You have to love geeky things like working with data
6. You have to love and go into the many details.
I love your videos! :)
Thank you!
6 sections timestamps
1:23 1:57 2:33 3:36 4:32 5:24
Where do I get started? Certificate good start? How?
sounds like a dream to be honest
@@dominic2446 and you oare
I'm sure its better than being a UPS driver which is what I'm doing currently as I finish my math degree.
It's still a big decision to make. Good luck!
Lol i work for usps
Same, only FedEx here
Good luck you guys!
Stay being a driver you will make good money even if the economy goes bad.
This was actually very encouraging for an uncertain first year student. Here’s to hoping you’re right and I end up loving actuarial!
Glad you found it encouraging! It's still good to explore other options in your first year to see if it's the best fit for you. Good luck!
Same here
Which SA university you at?
I admire how you say “might not be right for you” thank you for not using a discouraging tone❤️.
This made me want to be an actuary even more
That's awesome!
same here
How good is the career
I am Korean and I am currently preparing for the actuary exam administered by Korea. Of course, my nationality is different, but I was able to think about the mindset and work environment that are important to an actuary again and devote myself to studying for the exam. Thank you for uploading a good video!
4:20 A meaningful portion of actuaries definitely do travel.
Consulting actuaries are traveling constantly.
I am a mature person and will not make a 420 joke😌
I’ve been thinking about changing my career path and actuary has been coming up several times… this helps solidify my decision. Thank you so much!
I'm so glad I could help! Wishing you luck! :)
Don’t do it unless you want to be bored.
@@161BMWbeing bored is better than stressed
Hi, I am actuary from Brazil and your channel is amazing! Just one comment about the video. I believe reserving actuaries should know about others areas such as operations, claims, reinsurance and others because it help us to apply more information in reserving analysis. Is essential that actuaries know the insurance business and we achieve it when we not work alone the actuaries need to speak with everyone. Great video!! Great tips!!
Great points, Carlos!
If i may ask, how much does qualified actuaries with 5 yrs work ex earns in Brazil?
This was a great video, helping me narrow between mathematics and computer science and the actuarial sciences, thank you!
You're welcome Safi!
Disadvantages :
1)Insurance
2)Work alone
3)Actuarial exams 😱
4)Corporate environment
5)Technical skills (excel etc.)
6)Details
You typed advantages wrong /j
Thank you so much for this video! I am now certain about my decision about whether I should become an actuary thanks to your insight!
I'm happy to help! 😊
Was a senior actuary for 3 years. Switched to Finance because the work in the the 21.century beacame only about regulations, additionally I would not advance my career as I am not boring enough to be an actuary.
your videos on actuary are amazing. Well done keep it up.
Thank you!
How can we figure out the first disadvantage, I’m a senior in high school and haven’t had any experience with insurance
You can watch some videos and read books or articles on the topic, and even speak to someone with more experience.
Alternatives for an actuarial career in the insurance world are CPCU underwriter, CPA accountant and Insurance specialist lawyer.
I am still in high school and I wonder about what an actuary is about. I am worried that if the career is not suitable for me. Luckily, all of the details mentioned in the video are the things that I can deal with :)
Hey Izham! You may also find this video helpful :) ruclips.net/video/W9eJ7zjvg0Q/видео.html
Gosh young man trust me...KEEP IT UP! When I was your age many moons ago I used to love math but just for the sake of it. Never had an idea on how to use it in the Real world and believe me, I've paid (and still am paying!) a HUGE price for that mistake. You are heading in the right direction son...stay the course!
@@archangelliii2536 wdym by that
A Great video again! I’ll recommande your wonderful channel to all my friends!
Thank you SOOO much Nima!! I appreciate that :)
I’m obsessed with financial analysis, statistics, graphs, the stock market, bookkeeping, personal finance etc
Do you think this is the suitable job for me?
YES! For sure. You'll just have to look into the exam process and make sure you're willing to put in the work to pass them. Here's a post/video about how actuarial exams work: etchedactuarial.com/how-actuarial-exams-work/
What! Merry...who are you?
@@pb5437 a high school teenager who doesn’t know what to do with his life
Actuarial work doesnt really have those components except for statistics. If you like finance and stocks, why dont you get into more conventional finance jobs?
Maybe you’d like financial Controlling or audit? Actuary science requires a high level of mathematical understanding. If that’s what you are aiming for, go for it.
I‘d suggest you better do some Intershops before deciding what to study in particular.
I'm a pharmacist intern and I find my job boring in the sector I'm in. Private and industry might be more interesting, but I don't like working with people so much. And I really loved working with numbers/math, I'd LOVE to be in corporate, I actually enjoy studying, etc so I'm thinking of changing careers to actuarial science. I'd still like to have my pharmacy career though by locuming.
So what happened? Did you pursue actuarial studies?
I actually became a pharmacist. Back when in undergrad, I went to a career center in college and took a test to match me with my preferred career. Actuary was my #1. But…due to my beliefs at the time, I chose the medical field, even though statistics and data was my jam (and I still enjoyed science). Fast forward 10 years later, and I learn more about the actuarial career, I get a certificate in healthcare data analytics…and then think..wow, yeah, that would’ve been a great career for me!
I have a job where they don't have a paid study program on the job. So trying to study for and pass an exam is very challenging. By the end of the day I really only have 2-3 hours of useful mental energy left to invest. I still have to take care of other basic tasks like cooking meals and other household things. So if I want to try to study for an exam I basically don't have the time to do anything during the week other than work and study. It's really overwhelming and I'm hoping I can pass this exam in March so I can either show the company they need a study program to keep me around or to help me find a new job.
Hi Jon! I'm sorry you're in such a stressful situation. Keep studying hard and you'll be done with the exam before you know it. I hope your workplace implements that study program for you!
Sounds perfect, playing this again 👍
Very helpful --- thank you!
So glad I could help! :)
Thanks for the vid, it's really informative and encouraging. It also helps me with motivating myself to pursue a career of actuary. Right now I changed my degree from management studies to applied math so hopefully in a couple of years I might be able to comeback as an actual actuary ;)
Hey Koral! I'm so happy I could help motivate you! :D You can do this!!
except from working in corporate, this sounds amazing
This is the first time I've really thought I might have to quit being an actuary. I've always been really good at math, but all six of your points are things I dislike about my current job, and now I wonder if there's anything else out there.
As an insurance underwriter we rely on actuaries to predict future losses and expenses. This is VERY difficult. An actuary needs understand insurance because changing one paragraph of an entire policy can alter the claims that may occur.
Great video! I would say you don’t need to love insurance to become an Actuary. Many Actuaries work in other sectors such as Pensions, Investments and even Marketing.
True. But most of the exams require application of concepts to insurance.
Great video like always Brea.
Thank you! Glad you enjoyed it. :D
Everything about this career sounds amazing to me! Before today I had never even heard of the Actuary profession 😅. It came up on my Meyers-Briggs Type Indicator test and I’m so glad it did!!
Work alone? Sign me up
Nice video. I am about to start my actuarial studies so I will be needing your guidance. Thanks for such videos.
Thank you for watching!
Well I like 4/6 but the two of them that I hate are kinda big. Exams and not particularly interested in insurance itself. I nearly fall asleep trying to set up my own policy. I don’t mind studying for exams but that’s only in the hope that it will be over.
great video, i'm a actuary from brazil and love you channel
Thanks for watching!
Great video. Wish I would've seen this last year lol. Still trying to find this work/life balance😔
It's never too late! Good luck :)
@@EtchedActuarial thank you
Interesting, my parents say I would be a good actuary but this video makes good points..... Thanks for the video!
Glad it helped you!
I like your video, I score yes to all the point you go thought. I like the challenge to study and be better, thank you for your video.
That's great! You're welcome!
Thanks for advice . Great vedio
I'm so happy it helped you!
A bachelor's degree in math with 4 exams passed along with the VEE requirements completed should be enough to secure an entry level job.
A bachelors and one exam passed is enough to get an entry level job where I live
Is it feasible to change careers to an actuary, even a year or two after college and without any related experience/education? What would the first step even be? I'm currently in the IT industry as a helpdesk engineer and I'm starting to get real tired of it. I don't have a strong background in mathematics but I do love working with data and an actuary career sounds right up my alley.
Take and pass actuarial exams. This will show employers that you are committed in transitioning into the actuarial profession.
I’ve graduated university a few years now and decided I wanted to become an actuary. What I’ve done is apply to master programmes in actuarial science that include future exam exemptions. Before I started the masters I was a maths teacher at high school.
So, I love math, insurance, meetings, and office environments, etc. But I don’t like working alone. I’m a very social person and I would rather work in a team. Is there a job that is SIMILAR to an actuary but in more of a group setting?
All the disadvantages that u stated in the video are actually all the things I like to do😂😂😂 I’m confident that an actuary will be my career path in the future. Finishing high school this year and going to university next year to start my journey. Thanks for the tips
Where do you school😂cause that's what I'm saying I want to pursue it also
@@ScaryNarrations2024 I’m gonna be doing it at ryerson
@@midgitlad968 where is this university located
Toronto
Okayyyy😂🔥adding it to mylist too
This helped me a lot!
I really wanted to hear reasons that I shouldn't try for it since it's good to hear both sides but woah holy mama 5/6 of these reasons are huge pluses for me. And nowadays there is a lot more working from home in office jobs
Glad to hear you're considering diving into the actuarial field! Totally get wanting to know the downsides too, but hey, if 5/6 reasons are major pluses for you, that's awesome sauce! 😊
Lol 5/6 sound like pros to me the only con for me is i don't have much interest insurance but i already was also planning to seek non-traditional work in finance and the exam being focused on insurance doesn't deter me. I tour college i plan on to applying tomorrow! I am doing applied mathematics with an actuarial focus in my course track these videos have been very helpful and has shown me how much this field interests
Aaah I'm so excited for you! :D I'm so glad my videos could help you, and wishing you luck with your application. Let me know how it goes!
@@EtchedActuarial tour actually went extremely well and also inspite of the fact i got a ged due to life issue prevent from finishing high-school they resured me that i should able to still get it as long as my scores are high enough which they should be! they translate to about 3.5 gpa (2 am text sorry for typos lol)
They also offer a lot of assistance with exam prep and host quite a few of them on campus inspite of the fact they technically don't offer a true actuarial degree
Thank you for guiding me😇😇
Always happy to help!
#2 is an advantage for me lol🙃
For some people they will be advantages! That's how you know this really is a good career for you.
same, I hate group works
I’m in 10th grade high school and my distant cousin was an actuary which inspires me, but some of the detail in this video deter me. I like working alone but the exams and everything sound like a hassle, I’m sure I could manage, but I don’t know if I’d have fun doing this job in the end. I’m also a incredible music producer but the music industry is very sketchy, I don’t really know what to do now. Im exceptional at math and good at science, I like programming a lot, I starting to push myself in school a lot more than I have, but I still don’t know what I would like to do as a career.
Hi Ben! It's true that the actuarial exams take a lot of time and effort. You want to be 100% sure that you'd be happy to do the work for the long run! I'd recommend watching day in the life videos for any career that you're thinking about so you can decide if you'd really enjoy doing it day after day. It's worth it to think long and hard about what you really want to do. Luckily, you've still got lots of time to do that! I'm wishing you luck :)
thnxx ma'am for ur guidance
You're welcome!
I’m thinking half are cons to me and half are pros. But what it seems like an actuary would be doing are things that just come to second nature to me where I’d be very good at it. What would be the best transition to actuary work for someone that has an engineering degree?
Curious if you have began transitioning toward an actuary career! I'm also in engineering and trying to see if the career switch makes sense.
i like everything here but i'm scared i might not fully understand insurance.But would love to try though
Insurance is something you can learn along the way. Here's a video to help you get started ruclips.net/video/PBpfoJ-PRh4/видео.html
I read that companies sometimes put study time into your work day for exam prep. Have you found in your experience that this is true?
Yes, some companies do compensate for study time! But you should also expect to dedicate some personal time in order to be fully prepared for your exam.
@@EtchedActuarial I'd rephrase that to "be prepared to dedicate A LOT of personal time". Companies generally do provide study time but it's nowhere near enough.
The pro list is endeless!
This is almost like an advert TO be an actuary for me lmao
You would be a great fit for the actuarial career then! :D
not so long ago i saw a fourth year persuing actuarial with a guitar,,,it got me thinking as a third year what am i doing
Hey! Thank you for the video. I’m considering studying Actuarial Science. Could you tell me what specific entails working in insurance? What do you do, how do you apply your knowledge of actuary in insurance?
Hey! This video explains what actuarial work really looks like, and how it relates to insurance: ruclips.net/video/Y_3iGhUkxLk/видео.html
If you still have questions after watching, just reply back and ask me! :)
I'm really confused about the data part, do I learn this in university or that's something I'm meant to be progressively learning while working
It depends on the type of program you're in. You may be able to pick up some data skills through your university courses, but much of it can be acquired through online resources or personal projects. You will also continue to build on those skills on the job!
Great and inspiration ☺️☺️
Thanks!
yeah, right.. It's too bad there's no such thing as freelance actuaries.. Or is there? Office life isn't so attractive..
There might be more opportunities to work from home now that the pandemic has forced companies to make that work.
the closest thing to a "freelance" actuary is taking up contract roles in london market. the pay is also far better than permanent roles.
What if?
1.I already work in insurance industry.
2.I love working alone.
3.I love working with numbers.
4.Good at math.
5.Ready to invest time to become an actuary.
It sounds like you have the qualities to become an actuary :)
Actuaries are allowed to get desk treadmills right?
Yes, lots of companies are willing to do things like that for their employees! Just check with your employer (or future employer) to be sure! :)
I do really have poor technical skills and I don't know how can I improve them. The problem we don't take many tech classes in university.
We have lots of resources in the AAC to improve on your technical skills - lots of video lessons and challenges for Excel and VBA, and also a recently added Python course! Find more information about the AAC here: etchedactuarial.com/accelerator
great video!
Thanks!
By working with insurance. Am I having to sell it or is it more knowing the math behind it. I would not like making calls and trying to sell people insurance.
Hi there! What actuaries do is (luckily 😂) NOT making phone calls to try and sell insurance. It's all about the math behind it! Check out this blog post to learn more about what actuaries do: etchedactuarial.com/what-do-actuaries-do/
Hi, just looking for some advice as a freshman studying at purdue and still has no idea what major to choose (ray it would be great if yall could help me out. I'm a person who doesn't have that much of a passion for anything (r) as bad as it sounds, I love fashion and content creating and always wanted to pursue it, but I never rlly thought of it as a realistic job option. one thing I know about myself is that I somewhat enjoy math and want to make enough money without having to spend all of my time in my job.
So my question is, do you think you could be an actuary even if you don't absolutely love math? and also, are some actuaries more focused on communicating and consulting instead of just pure math? And lastly what is ur opinion on work, personal life balance in this field? Thank
you
Hi,
Hey there! It’s totally normal not to have everything figured out as a freshman, so don’t worry! Actuarial science could be a good fit for you, especially since you enjoy math and want a well-paying career without it taking over your life. While actuaries do need a solid math foundation, you don’t have to be absolutely obsessed with it - a lot of the work also involves consulting, problem-solving, and communicating complex ideas in simple ways. Plus, the field generally offers a pretty solid work-life balance, especially once you pass a few exams and settle into your role. I hope this helps!
I know the section is titled Disadvantages, but most should be moved to advantages.
''if you don't like sitting don't do actuarial science''
what if you don’t know a ton about insurance from the first bullet point but you have an eye of Actuarial Science?
Hey Bryan! You don't necessarily have to know a lot about insurance to get started in the actuarial field - you just have to be interested in learning about it and working with it every day! If you aren't sure if that's you, I'd recommend watching some day-in-the-life videos to see more about how actuaries work with insurance and if it's something you would enjoy :)
Will I still be fine in Uni if I do not take accounting/business(economics) in high school?
Yes, you'll still be fine in university! If you're going to pursue a career as an actuary later on, you'll need a bachelor's degree. After that, you should complete all the necessary qualifications to secure an actuarial job. :)
I just love to watch you ❤
Dont want to do it. Thank you to post this video👍
So glad I could help! :)
Great video !
I don't like programing haha should I consider another career?
I'm a math major with actuarial concentration and minor in finances
Not all positions require heavy programming, but it may limit your opportunities. Are there other careers that you're more interested in?
@Etched Actuarial
Well I'm interested also in being a statistician
When I started university I realized I was always doubting betweenbeing in the college of science with math major and the college of business administration with finance so that's why when I found out that actuarial career, it caught me, also because I really like Statistics
@@av6530 In statistics you will likely have to learn how to use some software to carry out the tests and analysis as well. Maybe you're more concerned about heavy programming instead of using tools like Excel? A little bit of programming can help automate tasks and make things much more efficient!
@@EtchedActuarial yes that's exactly my concerning. Maybe I should try to give me another chance with programming, any software you can suggest me?
@@av6530 Definitely start with VBA if you're not familiar with it
Can I ask does actuary need to use Excel Solver skills on for interviews or jobs? Thanks!
Yes some companies will have assessments during interviews, and generally speaking it's an important skill to have
Good video.
Im tired of being alone
Would you say you could study actuarial science if you do not have the best math skills but are not bad at the same time ?
Hey Lushomo! Yes, you absolutely can! You don't have to be a math genius to become an actuary. If you were able to understand the math concepts in your last year of high school, you should be alright! :) You can check out this article for more details: etchedactuarial.com/smart-enough-actuary/
I need help , i'm not into intense math -but i do like insurance will that be fine if i pursue an Actuarial career?
The problem is that you need to know the math in order to pass the exams. I passed 3 exams and all of them so far is 90% math.
Following from what Angel was saying, you likely won't have to use calculus concepts directly at work but you will have to learn it for the exams.
@@AngelRivera-mc8zc Dam , Math is smth that doesn't go well with me ;(
@@EtchedActuarial Thank you , your videos really do help those in doubt ;)
@@jazemabubaker7082 well if you like insurance, maybe you can be an underwriter. That’s less math-related.
Hello! I'm studying actuarial science in Mexico and I would be very grateful if you talk about how get a job being a foreigner
Hola, en qué universidad estudias?
Most of the process is the same!
íQue Viva la Guadalupana!
Hey Brea, I just become a member of the AAC, do you think starting out as a data analyst and then transitioning into an actuary role is possible ?
Yes, data analyst roles are usually great stepping stone positions!
ooookayyyy so definitely not for me lol thank you for the video!
I'm so glad I could help!! :)
I am actually from india but i actuly want to work in abord so what is the procedure to do so beacuse i have heard and read from many people its difficult for an acctury to work in abrod
Hi Priyanshu! I'm not very familiar with the actuarial journey in India or what the process is like for working abroad. My expertise is only in the US and Canada. Sorry about that, and best of luck on your journey!
@@EtchedActuarial although the basics were same so please guide me about that course😅although your video helped me a lot
am i able to become an actuary if i have financial planning degree as an undergrad? What certifications do i need?
Hi Angela! Yes, you can still become an actuary! I'd recommend checking out this article to learn more about what's required: etchedactuarial.com/steps-to-becoming-an-actuary/
I hope that helps, and let me know if you have more questions! :)
I don't know why my brain says to become one of you, But I don't even know maths also I'm 20 It's gonna be really hard.
20 is definitely not too late to start! Here are some resources you can use to start learning calculus etchedactuarial.com/exam-p-calculus-review/
I have been working in Actuarial Team (Group Insurance and Pensions), But haven't cleared any Actuarial exams what do you suggest. I love to work in Insurance
It's great that you already have exposure and relevant experience! Are you working in Canada or the US? If so, you can get started with either Exam P or FM.
Is it wrong to want to pursue this career out of spite?
I feel like there is so much pressure trying to be successful in this field, but the hardship inspires me to overcome that challenge. Am I in the wrong for wanting to prove those who doubt me incorrect?
I think if the actuarial career is something you'll truly love, there's nothing wrong with wanting to prove yourself to the people who doubted you. A lot of people choose the actuarial career because they love a challenge! :)
I actually like 2,4 and 5.
Im still in high school and im here looking if actuarial is great wow
Oh cool! I hope you found out everything you need to know :) If you have any questions, I'm here to help!
I contacted B.com from netaji suvas open university am I eligible for actuarial science course?
Idk why I'm thinking that I clicked on adv* of actuarial jobs...
If you want the advantages, then check this out: etchedactuarial.com/reasons-to-be-actuary/
Love your video. I’m now doing actuarial auditing in KPMG but I’m not really into it it’s so boring. I really want to do pricing part so I’m thinking about changing my job. Do you really think my auditing work experience will be helpful for me to find a pricing job?
Definitely! It's good that you're getting the experience and I'm sure it will be beneficial in getting another position.
@@EtchedActuarial Thanks for replying, it’s my first job after graduating. So I’m going to keep doing this and hopefully I can go to an insurance company when my contract is completed. Then do pricing part in the future 😊
@@beiniyang239 The big four are, as you noticed, mainly for auditing. This is not really actuarial science so yeah working in a compagny might be better is you want to work on pricing, provisioning, etc.
@@adrien8572 yes! Definitely gonna change a job after my contract is completed. Thanks again for giving me advice
@@adrien8572 and hopefully my 3yrs auditing experience will be helpful at that time haha
Can one bridge from engineering to actuary? If yes , how?
Yes you can! You already have the math knowledge and in a lot of cases the technical skills needed as well. The next steps would be to gain relevant experience and start taking exams. You can learn more about how to become a top candidate here ruclips.net/video/abONBXBKP3s/видео.html&
Hey I want to be an actuary when should I pursue that after my high schools education or after my graduation? And how can we study for actuarial exams ? Pls make a video on that?+!!!!!
Hey Raghav, thank you for the video suggestion! In the meantime, here's a quick answer for you. Your best bet is to start the actuarial journey while you're doing your Bachelor's degree! Check out this blog post that outlines the process, including how exams work:
etchedactuarial.com/steps-to-becoming-an-actuary/
Hope that helps! :)
@@EtchedActuarial thank you so much for helping...I will surely take into consideration ☺ thank you . Good luck 👍
Kind of tired of waiting for the work-life balance part as I continue to slog through this ridiculous exam process
I feel you! The exam process can feel SO long when you're in the middle of it all. Just remember why you started in the first place. You can do this!!
Mam feeling like I should go for it
Getting groove into actuary😊😊
Yes! Good luck!
How many exams have you passed? I am on my first one hehe.
Are you an actuarial science University student?
Is it possible to work from home being an actuary?
Yes, it's definitely possible to work from home as an actuary. Many actuaries perform tasks like data analysis, risk assessment, and report writing, which can be done remotely with the right tools and technology. Plus, many companies are now more flexible with remote work options. Just make sure you have a good setup at home and stay connected with your team.
Is an insurance agent a good stepping stone job for actuaries?
It's great for learning more about insurance, but one con is that insurance agents need to pass their own set of exams.
not for me, great video thank you
So glad I could help you decide! Best of luck to you Colin! :)