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Anyone have experience with actuarial exams?

Discussion in 'Business, Careers & Education' started by J Darnielle, Sep 19, 2011.

  1. J Darnielle

    J Darnielle Senior member

    Messages:
    442
    Joined:
    Jan 15, 2008
    Almost finished with Finance UG, considering taking the 1st actuarial exam. How much of an asset is having the first 1-2 on my resume when applying at insurance firms?

    Thanks!

    JD
     
  2. sylvyrravyn

    sylvyrravyn Member

    Messages:
    7
    Joined:
    Mar 9, 2011
    Passing those first two exams while in undergrad would be great. If possible you want to pass at least one before starting your junior year since most firms will be searching for interns that have at least one year of school left.

    But if you really want to stand out above all your other peers, passing three exams makes you almost golden. Even if you don't have an internship but you have those three exams, it will make firms so much more interested in you.

    All that I've said so far I'm passing down to you from what my program director told several of my classes.

    Most firms will post in the job listings that they require at least one exam passed. I can tell you from personal experience that I had 0 exams passed after I graduated from the actuarial science program from UIUC that I got exactly 0 call backs from insurance companies. My gpa wasn't helping me either.

    I've since decided to go for an applied stats masters and already in my first quarter I had companies calling me back for phone interviews for graduate internship programs. FYI don't bother with a strict actuarial science masters the material those classes cover is stuff you should be learning on your own. That's why I went applied stats. More emphasis on using programs and real world applications and data projects.
     
  3. Biggskip

    Biggskip Senior member

    Messages:
    4,267
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    Feb 10, 2008
    Location:
    Believeland
    How many exams are there these days? I dabbled in the exams about ten years ago. It didn't take me long to figure out that I was in the wrong line of work.

    I would strongly recommend not going into pension consulting (at least while you're getting your credentials). You don't get paid that much more and you'll work twice as hard.
     

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