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

😂

👏👏👏

😂

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.

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

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.

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?

That's awesome!

same here

How good is the career

I am a mature person and will not make a 420 joke😌

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

Great points, Carlos!

If i may ask, how much does qualified actuaries with 5 yrs work ex earns in Brazil?

You're welcome Safi!

Thank you!

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.

True. But most of the exams require application of concepts to insurance.

Hey Izham! You may also find this video helpful :) kzfaq.info/get/bejne/jZ-VfZqrz9zLYIU.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

I'm happy to help! 😊

Thank you SOOO much Nima!! I appreciate that :)

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!

Hey Koral! I'm so happy I could help motivate you! :D You can do this!!

You typed advantages wrong /j

Glad it helped you!

Where do you school😂cause that's what I'm saying I want to pursue it also

@@videogames6884 I’m gonna be doing it at ryerson

@@midgitlad968 where is this university located

Toronto

Okayyyy😂🔥adding it to mylist too

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!

You can watch some videos and read books or articles on the topic, and even speak to someone with more experience.

It's never too late! Good luck :)

@@EtchedActuarial thank you

Thank you for watching!

Thank you! Glad you enjoyed it. :D

Thanks for watching!

So glad I could help! :)

You would be a great fit for the actuarial career then! :D

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

A bachelors and one exam passed is enough to get an entry level job where I live

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! 😊

That's great! You're welcome!

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 :)

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.

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!!

I agree 100%! 😊

I'm so happy it helped you!

It sounds like you have the qualities to become an actuary :)

So glad I could help you decide! Best of luck to you Colin! :)

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.

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/

Oh cool! I hope you found out everything you need to know :) If you have any questions, I'm here to help!

Thanks!

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

Thanks!

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.

If you want the advantages, then check this out: etchedactuarial.com/reasons-to-be-actuary/

You're welcome!

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.

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!

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 :)

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! :)

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

So glad I could help! :)

I believe there is still some certification required to become an actuary after graduating.

@@EtchedActuarial Yeah ! To be recognize as an actuary you need to write a master thesis. However in most of universities it's something that's is part of the graduating process.

​@@adrien8572 That's quite different from the process here in North America. Best of luck to you!

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'm so glad I could help!! :)

Yes! Good luck!

Yes, data analyst roles are usually great stepping stone positions!

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. :)

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/

That's awesome! If they aren't disadvantages to you, then the actuarial career will probably be a good fit! :)

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/

Hola, en qué universidad estudias?

Most of the process is the same!

íQue Viva la Guadalupana!

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

Thank you! :D

Yeah it can depend on your team and company culture. Would you say it's improved over the years at all?

@@EtchedActuarial no it's so bad I recently put in my notice. I'm watching videos like this on KZfaq to see if it's like this everywhere or if there are still reasonable jobs out there.

​@@PaulRichards1 Thank you for sharing! I hope you'll find a more suitable position soon!

They work from home XD

Yeah similar to many other industries there's a big shift to WFH during these times!

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.

Yes some companies will have assessments during interviews, and generally speaking it's an important skill to have

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.

😄

Are you an actuarial science University student?

I'm assuming you mean working from home. That depends on the company, but many have transitioned to WFH due to the pandemic and this will likely open up more flexibility in the future.

Yes, coding is an important actuarial skill! You can watch this video next to learn more about it: kzfaq.info/get/bejne/qNSFgcJ6lbmVZI0.html

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

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.

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! :)

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 👍