This was exactly the video I was looking for! I was looking for a job without having to deal with the public. I love applied math, and I don't want to be replaced by computers. This is crazy that these are the exact questions I've been asking and the answers I needed.
I'm sold. Especially the "not facing the public" reason. Seemed like a job that would have clients or customers, but since it doesn't I'm on board. Btw, the past few weeks all the major UA-camrs have been bitching about the logarithms changing and screwing up theirs channels. Solve that issue and make a video on it and I'm sure that video would hit millions of views easy. You just seemed better equipped to do so than anyone else I watch.
The reason that big youtubers are claiming there was an algorithm change is because they are seeing changes in the way that their videos are being viewed. They may be 100% right, but I wouldn't be able to say what the algorithm changes are without seeing the algorithm. My personal analytics would not provide enough insight, because I just don't get enough views. Anything that I could say on the subject would be regurgitating something that i read online. I do agree... if I knew the answer, it would make a great video ;)
This is glorious, I have been researching "property management" for a while now, and I think this has helped. Have you heard people talk about - Charlottenon Property Packtrain - (Have a quick look on google cant remember the place now ) ? Ive heard some decent things about it and my co-worker got amazing success with it.
I’m becoming an actuary. Thank you for the videos, your content is great, informative and I don’t think your voice is annoying either. I’m a comment thread reader. Anyway, keep up the good work. Also, would you consider making a video about the tracks of fellowship you can take once you get to that level of exam? Thank you kindly again.
Hey, I love your videos. This one in particular one resonated with me, as you mentioned Engineering. I am an engineering student, and I picked it because I liked math. I did not know about the actuarial profession until about a year ago. I have started to get very unenthusiastic about engineering after doing internships and seeing how little maths and theory there is on the job. You mentioned that there is a lot in the actuarial profession. My one question is whether a career in actuary can offer a good variety in day to day work? I would hate to do the same thing every day. Your videos are awesome, you are awesome, thank you :)
Hey Elle! Could you maybe also explaim the procedure to become an actuary in IFOA ?!! And about the variety of jobs that people can take up later in life?
Thank you for making this video. At the moment, I am doing my degree in Actuarial Science and I do plan to write the actuarial exams. Since, you have done the exams as well as your degree, I was wondering if you may have a collection of resources about the exams such as past papers, textbooks, etc. And if so, can you make them available to us?
Omg... I've been considering becoming an actuary for four years and now that I'm about to apply to pharmacy school, I think I'm going to dive into the world actuaries ❤️💻📚📈📊
Hi Elle. I’m currently 17 years old and I’m just about to start applying for colleges. I’m looking to major in actuarial sciences, but I still have a few questions. Is there any way that you could help me out?
Thank for the great video. It was very informative as well as fun to watch. I have been working as software programmer for over 12 years and is thinking for switching to Actuary. Nothing wrong with my profession just that it is not as challenging as it used to be. My questions is, it too late for me to enter this field? The Reason I asked was almost everyone I come cross who got into Actuary immediately after graduation from college. Also, what is the minimum number of exams that i should take to get a Job? What order do you recommend taking those. I know it varies from person to person but would like to know you thoughts.
When a computer replaces you as an actuary you can do youtube full time. Kidding of course, great video. I liked your reasons and that sounds like something I would like to do.
I'm in Actuarial Science degree, and im loving the graduation and the idea to work with programmation and the risk analytics, but i'm few of fear hahaha (I'm Brazilian)
For someone with an actuarial science degree, what would you recommend as an entry level job WHILE studying for the first few exams? Due to other commitments, I didn't take any exams or internships while in college. I realize that it's highly unlikely to get an actuarial related job without passing the first two exams. I plan to begin studying for the exams but meanwhile would like to have a job. Any advice on what jobs I could have (possibly in the insurance industry) while studying for the exams?
Hello Ellelle, I don’t know if you still running this channel but I’ve to ask maybe someone could answer me. I’ve graduated as an Accountant at 2017, and I have to pick one of two ways. First going for CPA and being an Auditor. Second going for being an Actuary and this option is not knowing so much in my country and I don’t know the requirements for this certificate. What’s the Actuary requirements and is it that good to have instead of CPA ?
So I’m majoring in math and I love math and especially programming and I’m planning on being an actuary. HOWEVER, I find the probability side of statistics very difficult. Would you say you use difficult statistics concepts often? I barely made an A in my stats class and I’m worried 😬
I'm definitely thinking about it. I'm getting my bachelors degree in International Development and I'm minoring in Economics. I really like applicable math, hence economics. My intermediate macro teacher was discussing it with us and the benefits of it. I think it would be an awesome skill to have to be able to effectively use risk analysis. Your videos are super helpful too!
Thanks for your helpful videos. i have been reading some blogs about people complaining that everything we hear and see about actuarial science is fake (unemployment rate, salary...). did you have a hard time getting a job? is it true that it's hard to get a job as an actuary? thanks!
Can you please make a video about reasons to not be an actuary/ signs it might not be for you? I'm considering it and passed first exam but am still not sure if that's the path.
Fortunately/unfortunately, I love being an actuary. I don't know if I have a list of reasons to not become an actuary.. but I'll think about it and see if I can find one
Okay! For me I have doubts about a stressful workload, no work/ life balance because of studying too much, boredom, cubicle life, and little vacation time. Having no experience, I don't know how those factors actually come into play but if you would speak on some of those things that would be great!
OMG THE REASONS YOU STATED FOR THINKING THAT IT MIGHT NOT BE YOUR PATH IS THE SAME EXACT REASONS THAT I AM HAVING DOUBTS. I MEAN LIKE THE SAME SAME EXACT REASONS
Hi there. I'm curious what your thoughts are regarding career associates. Do you know many (at your place of employment, or elsewhere)? Do they have a lot of job security? Is it a common thing?
I love everything your saying about become an actuary except the fact that I love dealing with people. I'm definitely a people person and so I was wondering what would be a similar career path?
You said that being an actuary involves the application of math. Are there any actual jobs that are reliant or based on theoretical math? Not being sarcastic, I'm genuinely curious because I just like pushing my math skills for the sake of doing so.
is becoming an actuary stressful? I heard a lot of people quit before they even got their degree. Would you say you have a balanced life now? thanks :)
Before i saw this video, I was kind of doubt whether I should be an actuary or not. After I finished watching, I thought it's really a good idea for me to become an actuary.
Hey Elle! what kind of actuary are you? I know that there are several types of actuary and some say the job can be extremely stress depending on what you have to do for you job like deadlines and such. What path did you take in actuary journey and can you tell us what you do in every day actuary job and why you chose your path?. Would love you hear from you!
Love your vlogs. Sooo informative! Had a question about where you are now in your actuary journey... before you've graduated university and completed all exams, what jobs can you get in the actuary field (for while you're still in school)Also. Are all the exams multiple choice ??
I am studying for my final exam with the CAS. Most companies will hire actuarial analysts (or equivalent title) before they've completed their exams. Job postings may specify a desired number of exams. No, they are not all multiple choice. Hope that helps!
I'm considering an actuary career. The top concern, however is that it might be too formulaic. Would you say that actuaries use creativity and critical thinking daily?
When you're an actuary, your goal is to predict the future. There is no formula that allows you to predict the future (if there was, that'd be pretty cool though). There are acceptable techniques, but it's the actuary's job to use critical thinking and creativity to find the best methods for the current problem. Obviously the level of creativity will vary depending on the type of actuary that you are, and the role that you're in
Hi Elle, I really love your video. I'm a math student and I really want to be come an actuary. But, Is it possible for me? To pass the exam? I study everyday about the actuarial science, I try to understand the material in the book, I also try to solve some past exams. But sometimes my brain says that it is not possible to bevome an actuary.
Hi Retno. You may be overwhelmed by the course but there is still a way to pursue it. After your 12th Grade you can pursue University of Mumbai’s Bachelors program in Actuarial Science and Quantitative Finance offered by Institute of Actuarial and Quantitative Studies. Our faculty helps you grow and motivates you to pursue your passion. IAQS offers this program to all students irrespective of their streams, provided they clear the entrance test based on Maths and Statistics. The curriculum complements the portion for 7 Actuarial papers and widens the scope for careers in Data Science, Finance, Equity Research, Investments, Insurance and Financial Risk Management. For more information, you can contact +91 9372777615 / info@iaqs.in or visit: iaqs.in
Besides the above subjects,are there any other subjects in which you must perform well to join a BSc hons course in Actuary Science.Thank you for your time.
I'm only in 9th grade and I have been researching becoming an Actuary, I do very well in math and science (Don't want to jinx it) but I'm still on the fence, I read that it may take up to 10+ years to complete the testing? And also I read that it is a job that has a great balance between life and work? Do you know if these are true? Thanks :D
+Simtectural_ it can take 10+ years for some people, but there are people who do it in less. If I pass my most recent exam, I will have done it in 5.5 years I have a great work life balance when I'm not studying. When I'm studying, it's very time consuming.
Not sure of your current path, but the company I am working for brings "regular" people( regular being STEM graduates) on to work under actuaries. This gives them a hands on view of the work and helps them decide whether they want to take exams or not! That's something to consider
_Sim (and everyone else reading this), it does take a long time for testing (I think 5-7 years is standard?), but you generally test while on the job (and get paid study time) and most people are hired after getting a 4 year degree (vs needing a master's degree, which is kind of pointless if you want to be an actuary.)
I'm not fully informed on the matter, but from what I know: -if you want to become an fsa, the soa doesn't recognize it -the cas does recognize it, but they just released their new 2018 exam structure yesterday, and I imagine the new exams won't be accredited If you want to go cas, crediting the couple exams that you can doesn't seem like a bad idea, but be sure to use the time that you save on those exams to do something that looks good on a resume (ie writing other exams or doing an extra curricular with transferable skills)
How much writing is involved being an actuary? Like I was terrible at English Composition at college. What kind of reports do you need to make? Is it more "Mathy" reports? or legit like an "English composition"
I want to become an actuary but I have a problem: I'm Spanish and here we don't have the same sistem to become one. When you get your degree, you are an actuary. Have you ever meet a non English, Canadian, American or Australian actuary? Is it common to find them?
Thank you for sharing your information; I love math but; I am a shy person to speak in public and my voice is very mild; do you think it is a good idea to become an actuary?
Hi Aliasgar. You can choose Maths and science and go into actuarial science. There is no particular stream which is compulsory to be chosen to pursue actuarial science. After your 12th Grade you can pursue University of Mumbai’s Bachelors program in Actuarial Science and Quantitative Finance offered by Institute of Actuarial and Quantitative Studies (IAQS). IAQS offers this program to all students irrespective of their streams, provided they clear the entrance test based on Maths and Statistics. The curriculum complements the portion for 7 Actuarial papers and widens the scope for careers in Data Science, Finance, Equity Research, Investments, Insurance and Financial Risk Management. For more information, you can contact +91 9372777615 / info@iaqs.in or visit: iaqs.in
Hi! I´m very interested in starting as an actuarial student. I´m 27 year old im currently finishing a degree in software engineering. So my question is: am i too old to start in the actuarial science field? if not, how should i start? Thank you very much for your time and attention.
hey thank you for the video! it helps that you gave your own reasons why you became an actuary and I feel the connection I have with your reasons. I do have a question though, what would you suggest for someone wanting to become an actuary to minor in while in college? I'm currently studying mathematics in the concentration of actuarial science :)
Isn't the job tedious when doing similar things every day for years? Is there opportunities to move towards upper management? Thank you, your videos help a lot😊😊😊
I know many many people in upper management who started off as actuaries. Definitely a possibility. As for it becoming tedious, I imagine it could. I haven't been working that long so I can't speak to that.
Well, do you think the way artificial intelligence is finding its application in software some kind of mega algorithm has been incepted for actuarial science? If it has or is to be, its quiet exhilarating a thought for the amount to live data consumption and processing it thought dynamically evolving models. I am visualising this to be an Atom Collider of the Actuarial Universe. Hhhuuufffff !!
An actuary uses statistics from the past to make predictions about future events and their financial consequences. They analyse the risk involved in each event occurring using mathematical techniques and computer software.
please reply!! in which country are u from bcoz when ever I Google it I usually find UK (ifai) and India(iai) for actuary is it like there is no institution in US for it or what ??
UCSB has an Actuarial Degree program, that includes a Masters program. Their bachelors program has you ready to take the 5th test after graduation. Their program is structured in a way that has you taking your exams while you are still in school for them. They were the first university in the states to offer a degree in Actuarial Sciences. I am currently starting at CSU Channel Islands to pursue a Math degree with a concentration in Actuarial Sciences. In my research, I found some Universities in Florida that offer Actuarial Science degrees
Hi Suchita. There is no compulsion in taking either of the subjects. Yes, but to become an actuary you must choose Maths, irrespective of whatever stream you choose. After your 12th Grade, you can pursue bachelors from Institute of Actuarial and Quantitative Studies (IAQS). IAQS offers University of Mumbai’s Bachelors program in Actuarial Science and Quantitative Finance. The curriculum complements the portion for 7 Actuarial papers and widens the scope for careers in Data Science, Finance, Equity Research, Investments, Insurance and Financial Risk Management. For more information, you can contact +91 9372777615 / info@iaqs.in or visit: iaqs.in
I agree with you, actuaries are not replaced... yet... however, with the rise of data science and all that goes with it, if actuaries (at least P&C actuaries) doesn't keep up with the trend, our jobs will disappear in 10-20 years.
Sure, but redefining what it means to be an actuary does not mean that actuaries will disappear. It just means that actuaries will exist in a different form. I think it's cool to be "part of the evolution"
Fully agree! My point is just that we need to indeed be part of the evolution... Honestly, I see many of my fellow actuaries that lack the desire to change. I have been to many conferences where the speakers kind of reinforced what I see, and perhaps made me biased. Nevertheless, your videos are pretty cool! You give solid advice for graduates - keep it up!
I'm writing my last actuarial exam at the moment, then my goal is to spend a few months taking creative courses such as photography, painting, graphic design. I want to be able to spend a few months of my life learning something that isn't math or insurance. Then once I get that out of my system.. the plan is to start learning something along the lines of computer science / data science / machine learning. ...hopefully... :)
Awsome! Funny, sounds very familiar... I also did the same and I also work in P&C... I love taking photos. I do it on the side, you can check my profile out it you want - www.eyeem.com/u/charlmarais1 :)
+FemtoBlaster1234 I think that, the "new generation of actuaries" will trend in the direction of data scientists / programmers... but no, I don't think we're replaceable in the near future. Of course, that's my own opinion. Others may disagree with me.
I want to make my career in actuary. I am good at mathematics and I like to do challenging task. Can you suggest me what are my chances to become an good actuary @ellellvelog
Joe Edwards hey Joe! I just came across being an actuary and am just a few years behind you. Can I ask you how it's going so far? It'd be a huge career shift for me but it seems like the PERFECT career. Any thoughts or comments is appreciated. Thanks!
Not 100% sure on this, but I recall you saying that it's the exams that are what make one become an actuary. If true, do you think it would be beneficial to take another major such as business or finance? (+ the off chance that I might decide to pursue a different career) Or would it just be better to major in actuarial science because maybe that makes it easier to pass the exams? I know this is kind of a loaded question so if you can't answer it that's perfectly fine c: I loved the video by the way!
+Eilferan I found it helpful to major in actuarial science, as it definitely helped me prepare for the exams... but being well rounded is also helpful. You'll definitely learn some finance as part of an actuarial degree. There's no perfect answer. And there's no wrong answer. Don't you hate that about life? Making decisions is hard
It sure is, I still haven't told my parents that I don't want to be a physical therapist anymore, and I was set on doing it like 6 months ago haha. Thank you for your advice! I'll definitely look into it more before I officially change my major (:
This was exactly the video I was looking for! I was looking for a job without having to deal with the public. I love applied math, and I don't want to be replaced by computers. This is crazy that these are the exact questions I've been asking and the answers I needed.
I'm sold. Especially the "not facing the public" reason. Seemed like a job that would have clients or customers, but since it doesn't I'm on board.
Btw, the past few weeks all the major UA-camrs have been bitching about the logarithms changing and screwing up theirs channels. Solve that issue and make a video on it and I'm sure that video would hit millions of views easy. You just seemed better equipped to do so than anyone else I watch.
The reason that big youtubers are claiming there was an algorithm change is because they are seeing changes in the way that their videos are being viewed. They may be 100% right, but I wouldn't be able to say what the algorithm changes are without seeing the algorithm.
My personal analytics would not provide enough insight, because I just don't get enough views. Anything that I could say on the subject would be regurgitating something that i read online.
I do agree... if I knew the answer, it would make a great video ;)
=) Just thought I'd throw it out there. Love the videos I've watched so far. Starting my math degree in a few weeks.
This is glorious, I have been researching "property management" for a while now, and I think this has helped. Have you heard people talk about - Charlottenon Property Packtrain - (Have a quick look on google cant remember the place now ) ? Ive heard some decent things about it and my co-worker got amazing success with it.
My heart is fluttering towards the thought of becoming an actuary. I could almost cry.
😀😀
YOU ARE TRULY KIND. Thanks for helping me affirming my beliefs & my love for pursuing an Actuarial Science degree!
Love it! Your vlog is definitely helping stay focused on the prize as I plan to write Exam P this fall
I’m becoming an actuary. Thank you for the videos, your content is great, informative and I don’t think your voice is annoying either. I’m a comment thread reader. Anyway, keep up the good work. Also, would you consider making a video about the tracks of fellowship you can take once you get to that level of exam? Thank you kindly again.
oh my gosh you're so good at sentences and whatnot xD
Hey, I love your videos. This one in particular one resonated with me, as you mentioned Engineering. I am an engineering student, and I picked it because I liked math. I did not know about the actuarial profession until about a year ago. I have started to get very unenthusiastic about engineering after doing internships and seeing how little maths and theory there is on the job. You mentioned that there is a lot in the actuarial profession. My one question is whether a career in actuary can offer a good variety in day to day work? I would hate to do the same thing every day. Your videos are awesome, you are awesome, thank you :)
Hey Elle! Could you maybe also explaim the procedure to become an actuary in IFOA ?!! And about the variety of jobs that people can take up later in life?
I just love the way you pronounce actuary :')
+Talia Føre Hahaha good 😉
Her voice is so perfect I can't explain it. It's comforting *laughing emoji* (Typing on a computer......)
Aw thanks David
Thank you for making this video. At the moment, I am doing my degree in Actuarial Science and I do plan to write the actuarial exams. Since, you have done the exams as well as your degree, I was wondering if you may have a collection of resources about the exams such as past papers, textbooks, etc. And if so, can you make them available to us?
OMGOSH YES!! I am the same way with you about Math!!!
Omg... I've been considering becoming an actuary for four years and now that I'm about to apply to pharmacy school, I think I'm going to dive into the world actuaries ❤️💻📚📈📊
Did you? I want an update :3
Hi Elle. I’m currently 17 years old and I’m just about to start applying for colleges. I’m looking to major in actuarial sciences, but I still have a few questions. Is there any way that you could help me out?
Thank for the great video. It was very informative as well as fun to watch.
I have been working as software programmer for over 12 years and is thinking for switching to Actuary. Nothing wrong with my profession just that it is not as challenging as it used to be.
My questions is, it too late for me to enter this field? The Reason I asked was almost everyone I come cross who got into Actuary immediately after graduation from college.
Also, what is the minimum number of exams that i should take to get a Job? What order do you recommend taking those. I know it varies from person to person but would like to know you thoughts.
When a computer replaces you as an actuary you can do youtube full time. Kidding of course, great video. I liked your reasons and that sounds like something I would like to do.
I don't think the pennies that I earn per video would support a lifestyle to which I am not yet accustomed..
Could you tell me about Actuaries that work for investment companies? What do they do? I'm interested in mathematics for finance
yay another actuary vid!! thank you so much!
+Grace Tsai I've gotta listen to what my actuary-filled audience wants 😉😉😉
Thanks for sharing, this helped a lot.
I'm glad!
hmmm, sure, sign me up. currently 17, hopefully i can survive through everything
I'm in Actuarial Science degree, and im loving the graduation and the idea to work with programmation and the risk analytics, but i'm few of fear hahaha (I'm Brazilian)
For someone with an actuarial science degree, what would you recommend as an entry level job WHILE studying for the first few exams? Due to other commitments, I didn't take any exams or internships while in college. I realize that it's highly unlikely to get an actuarial related job without passing the first two exams. I plan to begin studying for the exams but meanwhile would like to have a job. Any advice on what jobs I could have (possibly in the insurance industry) while studying for the exams?
Hello Ellelle, I don’t know if you still running this channel but I’ve to ask maybe someone could answer me.
I’ve graduated as an Accountant at 2017, and I have to pick one of two ways.
First going for CPA and being an Auditor.
Second going for being an Actuary and this option is not knowing so much in my country and I don’t know the requirements for this certificate.
What’s the Actuary requirements and is it that good to have instead of CPA ?
So I’m majoring in math and I love math and especially programming and I’m planning on being an actuary. HOWEVER, I find the probability side of statistics very difficult. Would you say you use difficult statistics concepts often? I barely made an A in my stats class and I’m worried 😬
You had me at the 2nd reason 😂😂
+himandeanda you're convinced?! 😁😁😁
What exams do you have done? Or did you have done by the time you landed your job?
God, each reason you named for becoming one I was like yes, YES, YAAASSSS HUNNAAYY! It's like you know me lol
Haha! Do you want to be an actuary?
I'm definitely thinking about it. I'm getting my bachelors degree in International Development and I'm minoring in Economics. I really like applicable math, hence economics. My intermediate macro teacher was discussing it with us and the benefits of it. I think it would be an awesome skill to have to be able to effectively use risk analysis. Your videos are super helpful too!
You look A LOT like my pre-calculus teacher. I guess math people look alike :D
We go to the same plastic surgeon
Thanks for your helpful videos. i have been reading some blogs about people complaining that everything we hear and see about actuarial science is fake (unemployment rate, salary...). did you have a hard time getting a job? is it true that it's hard to get a job as an actuary? thanks!
Hi, thanks for your informative video, may I know the approximate salary of us actuary? Thanks a lot.
i’m gonna become an actuary now :)
Can you please make a video about reasons to not be an actuary/ signs it might not be for you? I'm considering it and passed first exam but am still not sure if that's the path.
Fortunately/unfortunately, I love being an actuary. I don't know if I have a list of reasons to not become an actuary.. but I'll think about it and see if I can find one
Okay! For me I have doubts about a stressful workload, no work/ life balance because of studying too much, boredom, cubicle life, and little vacation time. Having no experience, I don't know how those factors actually come into play but if you would speak on some of those things that would be great!
+Penny Pennington those sound like general concerns related to office work. They're not unique to being an actuary
OMG THE REASONS YOU STATED FOR THINKING THAT IT MIGHT NOT BE YOUR PATH IS THE SAME EXACT REASONS THAT I AM HAVING DOUBTS. I MEAN LIKE THE SAME SAME EXACT REASONS
Hi there. I'm curious what your thoughts are regarding career associates. Do you know many (at your place of employment, or elsewhere)? Do they have a lot of job security? Is it a common thing?
I love everything your saying about become an actuary except the fact that I love dealing with people. I'm definitely a people person and so I was wondering what would be a similar career path?
Actuarial consulting might be right for you. You get to work with clients!
Like that fact that actuary will not replace by computer :)
I am in no way related to this profession or subject. But watching u doing crazy explanation make me feel so good lol
I feel ya
supernatural actuary :D
how many exams do you think should be cleared before graduation?
Is eco, math, stat a good major to go with actuary ?
thanks dude
You said that being an actuary involves the application of math. Are there any actual jobs that are reliant or based on theoretical math? Not being sarcastic, I'm genuinely curious because I just like pushing my math skills for the sake of doing so.
is becoming an actuary stressful? I heard a lot of people quit before they even got their degree. Would you say you have a balanced life now? thanks :)
Before i saw this video, I was kind of doubt whether I should be an actuary or not. After I finished watching, I thought it's really a good idea for me to become an actuary.
I'm happy I could help make up your mind! I hope you love it 😀
how many exams does a entry-level actuary have pass to get a job or internship around your area? or Canada generally? Big fan
much love
Hey Elle! what kind of actuary are you? I know that there are several types of actuary and some say the job can be extremely stress depending on what you have to do for you job like deadlines and such. What path did you take in actuary journey and can you tell us what you do in every day actuary job and why you chose your path?. Would love you hear from you!
+1culcat I work for a property and casualty insurance company
Love your vlogs. Sooo informative! Had a question about where you are now in your actuary journey... before you've graduated university and completed all exams, what jobs can you get in the actuary field (for while you're still in school)Also. Are all the exams multiple choice ??
I am studying for my final exam with the CAS.
Most companies will hire actuarial analysts (or equivalent title) before they've completed their exams. Job postings may specify a desired number of exams.
No, they are not all multiple choice.
Hope that helps!
How many papers have you cleared ?
In India we have different fields like science and commerce
Is an undergraduate Accounting degree helpful for this career?
Great video and you so pretty!:):)
+Katerina Gketi thank youuuuuu
was a nice video...
just 1 question....whats your salary ???
Do you still think AI will not take over actuaries? As of the end of year 2020
I'm considering an actuary career. The top concern, however is that it might be too formulaic. Would you say that actuaries use creativity and critical thinking daily?
When you're an actuary, your goal is to predict the future. There is no formula that allows you to predict the future (if there was, that'd be pretty cool though). There are acceptable techniques, but it's the actuary's job to use critical thinking and creativity to find the best methods for the current problem.
Obviously the level of creativity will vary depending on the type of actuary that you are, and the role that you're in
Hi Elle, I really love your video. I'm a math student and I really want to be come an actuary. But, Is it possible for me? To pass the exam? I study everyday about the actuarial science, I try to understand the material in the book, I also try to solve some past exams. But sometimes my brain says that it is not possible to bevome an actuary.
Hi Retno. You may be overwhelmed by the course but there is still a way to pursue it.
After your 12th Grade you can pursue University of Mumbai’s Bachelors program in Actuarial Science and Quantitative Finance offered by Institute of Actuarial and Quantitative Studies.
Our faculty helps you grow and motivates you to pursue your passion.
IAQS offers this program to all students irrespective of their streams, provided they clear the entrance test based on Maths and Statistics.
The curriculum complements the portion for 7 Actuarial papers and widens the scope for careers in Data Science, Finance, Equity Research, Investments, Insurance and Financial Risk Management. For more information, you can contact +91 9372777615 / info@iaqs.in or visit: iaqs.in
Hi,Will an A in Maths and Economics and an A* in BuSiness studies at Cambridge HSC be a sufficient requisite for Acturial science.
I'm sorry, I don't understand your question
Besides the above subjects,are there any other subjects in which you must perform well to join a BSc hons course in Actuary Science.Thank you for your time.
love you pronunciations 😉
Thank you 🤗
I'm only in 9th grade and I have been researching becoming an Actuary, I do very well in math and science (Don't want to jinx it) but I'm still on the fence, I read that it may take up to 10+ years to complete the testing? And also I read that it is a job that has a great balance between life and work? Do you know if these are true? Thanks :D
+Simtectural_ it can take 10+ years for some people, but there are people who do it in less. If I pass my most recent exam, I will have done it in 5.5 years
I have a great work life balance when I'm not studying. When I'm studying, it's very time consuming.
Not sure of your current path, but the company I am working for brings "regular" people( regular being STEM graduates) on to work under actuaries. This gives them a hands on view of the work and helps them decide whether they want to take exams or not! That's something to consider
@@brandonrussell8306 what company is that?
_Sim (and everyone else reading this), it does take a long time for testing (I think 5-7 years is standard?), but you generally test while on the job (and get paid study time) and most people are hired after getting a 4 year degree (vs needing a master's degree, which is kind of pointless if you want to be an actuary.)
What is your opinion on UAP, exemptions from preliminary exams? Is it worth it?
I'm not fully informed on the matter, but from what I know:
-if you want to become an fsa, the soa doesn't recognize it
-the cas does recognize it, but they just released their new 2018 exam structure yesterday, and I imagine the new exams won't be accredited
If you want to go cas, crediting the couple exams that you can doesn't seem like a bad idea, but be sure to use the time that you save on those exams to do something that looks good on a resume (ie writing other exams or doing an extra curricular with transferable skills)
How much writing is involved being an actuary? Like I was terrible at English Composition at college. What kind of reports do you need to make? Is it more "Mathy" reports? or legit like an "English composition"
+moko213 depends on what you're doing. I don't really write reports, just emails and powerpoints
You are adorable ! Thanks for sharing experiences
I want to become an actuary but I have a problem: I'm Spanish and here we don't have the same sistem to become one. When you get your degree, you are an actuary. Have you ever meet a non English, Canadian, American or Australian actuary? Is it common to find them?
95% of my coworkers are French speakers, with English as their second language
Im from india, so if I study here can I get a job in the U. S
Thank you for sharing your information; I love math but;
I am a shy person to speak in public and my voice is very mild; do you think it is a good idea to become an actuary?
I wouldn't use "being shy" as a reason not to pursue being an actuary
you right; I should not use word "shy". I should say I don't like to give presentation; do actuaries need to give presentations most of the time???
Hey frnd ...m frm india ...persuing b.com course can i go for actuary coures ...
I love science and math so can I take science and math and go into actuarial science
Hi Aliasgar. You can choose Maths and science and go into actuarial science. There is no particular stream which is compulsory to be chosen to pursue actuarial science.
After your 12th Grade you can pursue University of Mumbai’s Bachelors program in Actuarial Science and Quantitative Finance offered by Institute of Actuarial and Quantitative Studies (IAQS).
IAQS offers this program to all students irrespective of their streams, provided they clear the entrance test based on Maths and Statistics.
The curriculum complements the portion for 7 Actuarial papers and widens the scope for careers in Data Science, Finance, Equity Research, Investments, Insurance and Financial Risk Management. For more information, you can contact +91 9372777615 / info@iaqs.in or visit: iaqs.in
hi Michelle 😇
have a Beautiful Day!
-Stone 😎
+Stone 86 same to you, stone!!
Hi! I´m very interested in starting as an actuarial student. I´m 27 year old im currently finishing a degree in software engineering. So my question is: am i too old to start in the actuarial science field? if not, how should i start? Thank you very much for your time and attention.
Nope. I am 33 getting into it.
Great! Thank your very much for your answer, it means a lot to me!
hey thank you for the video! it helps that you gave your own reasons why you became an actuary and I feel the connection I have with your reasons. I do have a question though, what would you suggest for someone wanting to become an actuary to minor in while in college? I'm currently studying mathematics in the concentration of actuarial science :)
+1culcat I didn't do a minor in college, but if I did it would probably have been either finance, or computer science
Ellellevlog thank you for the response!
Isn't the job tedious when doing similar things every day for years?
Is there opportunities to move towards upper management?
Thank you, your videos help a lot😊😊😊
I know many many people in upper management who started off as actuaries. Definitely a possibility.
As for it becoming tedious, I imagine it could. I haven't been working that long so I can't speak to that.
Well, do you think
the way artificial intelligence is finding its application in software
some kind of mega algorithm has been incepted for actuarial science?
If it has or is to be, its quiet exhilarating a thought for the amount to live data consumption and processing it thought dynamically evolving models. I am visualising this to be an Atom Collider of the Actuarial Universe. Hhhuuufffff !!
Lol......i didn't know Avril Lavigne was an Actuary!
What's the difference between an actuary and an accountant?
An actuary uses statistics from the past to make predictions about future events and their financial consequences. They analyse the risk involved in each event occurring using mathematical techniques and computer software.
please reply!!
in which country are u from bcoz when ever I Google it I usually find UK (ifai) and India(iai) for actuary is it like there is no institution in US for it or what ??
UCSB has an Actuarial Degree program, that includes a Masters program. Their bachelors program has you ready to take the 5th test after graduation. Their program is structured in a way that has you taking your exams while you are still in school for them. They were the first university in the states to offer a degree in Actuarial Sciences. I am currently starting at CSU Channel Islands to pursue a Math degree with a concentration in Actuarial Sciences. In my research, I found some Universities in Florida that offer Actuarial Science degrees
What should we take after 10th to become an actuary?
Science or Commerce?
Hi Suchita. There is no compulsion in taking either of the subjects. Yes, but to become an actuary you must choose Maths, irrespective of whatever stream you choose.
After your 12th Grade, you can pursue bachelors from Institute of Actuarial and Quantitative Studies (IAQS). IAQS offers University of Mumbai’s Bachelors program in Actuarial Science and Quantitative Finance. The curriculum complements the portion for 7 Actuarial papers and widens the scope for careers in Data Science, Finance, Equity Research, Investments, Insurance and Financial Risk Management. For more information, you can contact +91 9372777615 / info@iaqs.in or visit: iaqs.in
I agree with you, actuaries are not replaced... yet... however, with the rise of data science and all that goes with it, if actuaries (at least P&C actuaries) doesn't keep up with the trend, our jobs will disappear in 10-20 years.
Sure, but redefining what it means to be an actuary does not mean that actuaries will disappear. It just means that actuaries will exist in a different form. I think it's cool to be "part of the evolution"
Fully agree! My point is just that we need to indeed be part of the evolution... Honestly, I see many of my fellow actuaries that lack the desire to change. I have been to many conferences where the speakers kind of reinforced what I see, and perhaps made me biased. Nevertheless, your videos are pretty cool! You give solid advice for graduates - keep it up!
I'm writing my last actuarial exam at the moment, then my goal is to spend a few months taking creative courses such as photography, painting, graphic design. I want to be able to spend a few months of my life learning something that isn't math or insurance.
Then once I get that out of my system.. the plan is to start learning something along the lines of computer science / data science / machine learning.
...hopefully... :)
Awsome! Funny, sounds very familiar... I also did the same and I also work in P&C... I love taking photos. I do it on the side, you can check my profile out it you want - www.eyeem.com/u/charlmarais1 :)
Do you think that actuaries will be replaced by computers?
+FemtoBlaster1234 I think that, the "new generation of actuaries" will trend in the direction of data scientists / programmers... but no, I don't think we're replaceable in the near future.
Of course, that's my own opinion. Others may disagree with me.
Amazing! Great videos! I am considering to become an actuary. Do you think master or diploma degree matter?
+Gabrielle Wu I have a bachelor's degree
So experience is more important? I have zero experience in actuary. DO you think where to start now? Intern?
u explain well
Thanks! I'm just trying to make the actuarial world accessible to everyone :)
I want to make my career in actuary. I am good at mathematics and I like to do challenging task. Can you suggest me what are my chances to become an good actuary @ellellvelog
I'm thinking about becoming an actuary.... I'm in college now getting a bachelor's of science in mathematics.
+justin hepburn do you love it?
Ellellevlog I love it
do you study about economics in actuary?
yes.
I had no idea what an actuary even was!
+Ashley Nicholson oh I have videos on that ;)
You are my dream girl
How much programming do you think is needed. And what do you recommend?
Depends on what you specialize in. Some actuaries program all day every day. Some never program at all.
you have a nice place
Thank you :)
Are you related to Vanessa Marano? You talk like her. That's a compliment :P Don't take it the wrong way
The Robot Overlord Guild approves this video.
+Joe Edwards great news!
I am bit late to the scene, but I am 49 working on my mathematics / actuary degree. Like the videos.
Joe Edwards hey Joe! I just came across being an actuary and am just a few years behind you. Can I ask you how it's going so far? It'd be a huge career shift for me but it seems like the PERFECT career. Any thoughts or comments is appreciated. Thanks!
Joe Edwards about to be in your same boat. Do you recommend it?
What does an actuary do ?
I have videos on that! 😉
can u say me the scope of actuarail career plz reply
you are funny
Thanks!
Hey Elle I really like maths should I become an actuary lmaoo XD
Definitely
Actuarial science is not about maths only. U should research more regarding that before making the decision. :)
I love math but I find science to be boring I think I might become an actuary
+Enrique Aguilar cool. Hope you love it 😀
What's the purpose of a computer to an actuary?
Not 100% sure on this, but I recall you saying that it's the exams that are what make one become an actuary. If true, do you think it would be beneficial to take another major such as business or finance? (+ the off chance that I might decide to pursue a different career) Or would it just be better to major in actuarial science because maybe that makes it easier to pass the exams? I know this is kind of a loaded question so if you can't answer it that's perfectly fine c: I loved the video by the way!
+Eilferan I found it helpful to major in actuarial science, as it definitely helped me prepare for the exams... but being well rounded is also helpful.
You'll definitely learn some finance as part of an actuarial degree. There's no perfect answer. And there's no wrong answer.
Don't you hate that about life? Making decisions is hard
It sure is, I still haven't told my parents that I don't want to be a physical therapist anymore, and I was set on doing it like 6 months ago haha. Thank you for your advice! I'll definitely look into it more before I officially change my major (:
pure math or statistics
Why all actuary videos were uploaded by women? Are there any male actuary?
Omg you can actually speak a huge sentence without pausing.
Is actuary boring?
I don't think so, but you and I might get bored by different things
You are not supposed to say "predict"!! It is a taboo word for actuary ;)
What do you prefer? Forecast? Estimate?
Ellellevlog project/estimate
Good choices. I like it.
i give thumb down for the i formation...
just kidding
sure thumbs up
Sneaky. 👍
A little dramatic for a relatively new entrant to such a BORING "profession" or "career"
Thank you for your opinion