CFA or Actuary? Which should I study? (Subscriber Question)

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CFA or Actuary? Which should I study? (Subscriber Question)

Рет қаралды 16,876

Күн бұрын

Must read book: Introduction to Actuaries and Actuarial Science
www.amazon.com...
We look at the similarities and differences of the CFA and Actuarial Profession. This is just a short video on the topic and a lot more can be said on the topic, therefore I do encourage you to research more and even check out the past exams of both to see which one suits you better.

Пікірлер: 49

@bhanupratapsihag1154 6 жыл бұрын

Really glad that you didn't take my query for granted and uploaded the video as soon as you could

@lolarufai9641 6 жыл бұрын

Thank you always for your compassionate service

@bygnahzdivad 3 жыл бұрын

Couldn't agree more (especially because I'm writing the QFI exams with the SOA right now) 😂😂😂.

@chrissimillar6558 6 жыл бұрын

Thanks MJ. That was informative 👍🏻

@bhanupratapsihag1154 6 жыл бұрын

Thanks MJ it was I who asked the question and my query has been solved to some extent I'll be preparing now for CFA and drop actuary journey

@Hamzaben9 4 жыл бұрын

Hey buddy , I am taking the same decision . Could you please share your experience so far , any regrets ? Any advice ?

@giftydarkoa3925 4 жыл бұрын

@@Hamzaben9 Please did he reply your query?

@alfredtovar6451 3 жыл бұрын

I love your accent

@jayjayf9699 4 жыл бұрын

Good question

@andresrossi9 5 жыл бұрын

What about FRM instead? Could you do a comparison between actuary and Risk manager?

@ngcalinqadala2819 6 жыл бұрын

I noticed that UJ has started offering Acturial Science, please tell me how many exemptions they offer(like you did with other universities previously).

@tshepangt88 4 жыл бұрын

It offers only 3 examption.

@tejendrachapagain1028 5 жыл бұрын

A detail analysis of the role and function of actuary in the age of artificial intelligence,?

@sriharim8544 5 жыл бұрын

Hi CJ, I am a student actuary and clear 3 CT papers. Please let me know the which specialization in ST&SA have more demand in actuarial world.

@manansaluja6040 4 жыл бұрын

Who earns more salary an actuary or cfa

@MJtheFellowActuary 4 жыл бұрын

probably the actuary, but depends on a few other things such as location, experience, etc

@siddheshyadav2648 4 жыл бұрын

Frm or actuaries??

@alfredtovar6451 3 жыл бұрын

Who makes more?

@ahvashenreddy3727 6 жыл бұрын

How much does an actuary in Sa

@nadaabdelrahman6342 4 жыл бұрын

I'm studying actuarial science at my college but i have to pass the exam anyway from the society or the institute, so i have been thinking that i will take the CFA because it's so much easier and i thought that i could do what the financial actuary could do after taking the CFA ...AND after this video they aren't the same obviously!! So which exams i should pass to be a financial actuary ?? I think i don't have to pass all the exams because i already will have my degree and all that ..i just want to work as an financial actuary,so which exams i should pass ?! Thank you 😊

@dhruvsharma7129 4 жыл бұрын

Can we do both

@kalyandey5195 4 жыл бұрын

Hi MJ, Thanks a lot for all the videos and knowledge sharing with us. I need a small suggestion from you, if you could reply my below query, i will be really grateful. 1. I am a software developer and data scientist, having 8+ years of experience in coding, data analytics & machine learning. I studied engineering and post graduate in Applied Statistics. But, i am greatly interested in finance or investment domain. I have cleared entrance exam of India Actuary Institute -ACET and wrote CT1 paper. Currently preparing for CS1 - Actuarial Statistics. But, I am really confused, if the actuarial path will leads me to correct career path in Investment/finance domain. 2. To build career in finance or investment domain, which path is better to pursue - Actuary/CFA/ Quantitative Finance ? 3. I am 30 years old. Is it already too late to switch career at this point? Or you advise me to stay at my data science career and try to move into finance domain with gaining other skill set or finance related certificate? 4. I am currently staying in India and planning to move Canada next year. Will be good enough to get a job with 4-5 papers cleared in Actuary with 8 years of coding & data science experience ? I know it is a long post. But if you could reply me it will be really helpful for me. Looking forward for a response from you. Thanks, Kalyan

@MJtheFellowActuary 4 жыл бұрын

Hey Kalyan. So Actuarial Science is about Insurance, Investing, Saving and Lending. If you are only interested in lending, I would suggest Quant. If you are only interested in Investing, I would suggest CFA. You will get frustrated with Actuarial Science because we spend a lot of time doing maths and stats for Insurance and Savings (Pensions) which might not be of interest to you. So I would recommend CFA as it will get you to your career path quicker than the actuarial route which is notoriously long.

@besavage2133 4 жыл бұрын

Can you tell me which occupation will be good cfa or data scientist..

@Black182heart 4 жыл бұрын

Actually you got it wrong. The passing rate of cfa level 1 is 42%. And from those who passed level 1, they appear for level 2 and among them the passing rate is 40% again. And among those who passed and reached level 3, the passing rate is 50%. So straight up saying passing rate in CFA is 50% doesn't sound right and is highly inappropriate considering someone who has knowledge of mathematics.

@MJtheFellowActuary 4 жыл бұрын

Thanks for adding more detail, its always welcome

@lindtkatmmwaya4824 3 жыл бұрын

He’s still doing a good job regardless of that. Thank you MJ!

@giselleeudia8015 3 жыл бұрын

hi, i don’t know if you’ll see this or not but i hope you can provide some advice to my problem if you do. i’m currently a high school senior in Indonesia, and am in a dilemma on whether to study Finance or Business Mathematics (Actuarial Science). with most of my high school education being held online, my mathematics isn’t as strong as i’d like. i’m more interested in finance but am scared that i’m settling for less by avoiding the maths in actuarial science. i’m also scared that the maths in actuarial science will be too much for me to handle. what’s your opinion on my situation? thanks in advance.

@MJtheFellowActuary 3 жыл бұрын

Better to do the maths and then finance as a specialist subject. Finance without the tough maths will give you an incomplete picture of the subject.

@nishu761 6 жыл бұрын

CFA - Certified Failed Actuary.

@andresrossi9 5 жыл бұрын

Actuary: failed quant

@gnosontheinternet6879 5 жыл бұрын

What happened to the Ed Sheeran look?

@MJtheFellowActuary 5 жыл бұрын

Hahaha 😂

@mritunjoypaul10 4 жыл бұрын

Why you went for fellowship in finance?

@MJtheFellowActuary 4 жыл бұрын

I was naturally better at finance than insurance

@mritunjoypaul10 4 жыл бұрын

@@MJtheFellowActuary then why became an actuary and not a cfa. I am also good at finance and i have cleared 3 papers, and waiting for the result of fourth one. I am also looking forward doing my fellowship in investment.