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Should I finish this qualification...

Discussion in 'Business, Careers & Education' started by ginlimetonic, Jun 17, 2011.

  1. ginlimetonic

    ginlimetonic Senior member

    Messages:
    786
    Joined:
    Mar 11, 2009
    Hi Guys,

    I'm a handful of years out of uni. Passed all 3 levels of CFA, with charter pending completion of work experience. I'm thinking of tackling the last 3 actuarial exams. My long term objective is probably to get into an IB front office or corporate finance, my skills are analytical and building spreadsheet models/vba. Currently I work in an unrelated role-reporting.

    -I don't have much motivation to go back into a traditional actuarial role, and that's really the value in actuarial qualifications.
    -will get me some letters after my name if i finish
    -is expensive: about $2500 per course
    -pass rate is pretty low ~40%
    -looks interesting to an employer on a resume

    Thoughts in my position?

    Cheers,

    GLT
     
  2. BeingBot

    BeingBot Active Member

    Messages:
    27
    Joined:
    Sep 18, 2010
    if you are wanting to work in IB what purpose would actuarial qualifications help you?
    I knew someone studying for that once and it is extremely difficult nothing close to financial math. If its expensive and you don't want to be an actuary then no point.
     
  3. tj100

    tj100 Senior member

    Messages:
    655
    Joined:
    May 4, 2009
    Thoughts in my position?

    For an IB or corporate finance role, the actuarial certification will not make a positive impact, and may in fact make a negative impact. The question I'd have is: if this person really wants to be a banker, WTF did he go through the pain and suffering of the actuarial program? There's just absolutely no reason to do it.
     

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