so it is simply impossible for any large fraction of math majors to have actuarial careers. i majored in math and tried going for an as concentration. i actually worked for a firm of actuaries in the nineties (i was doing it though) and the running joke in the firm was that people that wanted to be actuaries did it because they thought accounting would be too exciting 🙂 i’ve considered going the actuarial route, and talked to some actuaries along the way. various good answers in here but the simplest explanation is that the industry is designed to keep people out.
if you want to operate an insurance company you have to prove to regulator that your financial condition is sound, and for that you need a model for your risks, and that is only meaningful if it is standardized. if there are too few actuaries to satisfy the needs of insurance companies then salaries will rise, and more people will apply. once they have it they self regulate to ensure that the number of licensed practitioners is “just right.” i think that you need (in addition to good math skills) a good foundation in finance.
it is difficult, but it isn’t impossible. there are a lot of good answers already. basically, you need to pass exams and, once you have passed 1-3 exams, apply for jobs until you get one. the society of actuaries exam track consists of 6 exams, plus some other related requirements. is it just too hard to become an actuary? if you take the right classes in college then the exam shouldn’t be too hard, right as you progress towards taking exams to become an actuary, you will need to take specific courses and study hard for , How hard is it to become an actuary site:www.quora.com&prmd=inv, How hard is it to become an actuary site:www.reddit.com&prmd=inv, how hard is it to become an actuary reddit, how to become an actuary, how to become an actuary.
the exams are known to be very difficult and they take hundreds of hours to study for each one. the becoming an actuary is a multi-step process that is still ongoing even certainly this is easier said than done, but if you’ve put in the work, studied hard for your exams and paid close did you know that actuarial science is said to be one of the most difficult courses to study? when i first , actuary salary, how long does it take to become an actuary, actuarial science, actuary exams, becoming an actuary at 30, is becoming an actuary worth it
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