News for hackers. Stuff that matters.
Re:Actuarial science ranked as most valuable college major by stochastastic on Monday September 10, 2018 @07:26PM (#17955989)
As an actuary I don’t think I would recommend it for most people. At the very least, keep your options open by getting a math or CS degree and passing a couple of exams on the side. I feel like this really glosses over the weight of the credentialling process. It also doesn’t appear to talk about the oversupply of entry level applicants.
Re:Actuarial science ranked as most valuable college major by secabeen on Monday September 10, 2018 @07:34PM (#17956022)
Interesting. Do you have any articles about the oversupply of entry-level actuaries? Actuarial science was a career path I considered, but I ended up in systems/network/devops instead.
Re:Actuarial science ranked as most valuable college major by stochastastic on Monday September 10, 2018 @07:58PM (#17956132)
No, just a general sense. I think the career got publicized at a time when a lot of people were struggling to figure out what to do.
Re:Actuarial science ranked as most valuable college major by fcuck_actuarial on Tuesday September 11, 2018 @02:34AM (#17957583)
Annecdotal, but I've experience this personally. These rankings grossly neglect the availability of entry level jobs. And you end up studying a bunch of stuff that is borderline useless for any other career path on a practical level.

I consider trying to become an actuary one of the greatest mistakes and waste of time in my life.

When I switched to programming, it was like some kind of magical door opened and all of a sudden and the process of finding an entry level job was no longer the equivalent of banging my head against the wall, repeatedly.

Re:Actuarial science ranked as most valuable college major by tudorconstantin on Tuesday September 11, 2018 @03:46AM (#17957862)
Putting it in another perspective, perhaps that experience made you appreciate programming and software industry more. It might be a high price you paid (the years of pseudo useless studies), but you'll think twice when considering to change industries.

I worked in sales for a few years and even became a regional sales manager before switching to programming 12 years ago. Now, whenever I see the IT related problems (like bad programming parctices, lousy code, bad architectures and so on), I remember how bad and really unfixable things can be (for me as an employee) in the rest of the industries and love programming even more.

Re:Actuarial science ranked as most valuable college major by f00_ on Monday September 10, 2018 @07:36PM (#17956031)
How long did it take you to complete the exams? I think I read a lot of actuaries actually finish them while on the job

Think it's possible to self study the exams? Not a likely path for me, but interested in seeing if anyone has done that

Re:Actuarial science ranked as most valuable college major by stochastastic on Monday September 10, 2018 @07:56PM (#17956121)
Most people get started before their first actuarial job, get a “student” position two to four exams in, and then finish up on the job. I had a math degree and three exams coming out of college and it took me about five years to finish the whole exam sequence. Self study is a viable option, but it helps to have the math and business background.
Re:Actuarial science ranked as most valuable college major by dajohnson89 on Monday September 10, 2018 @10:59PM (#17956875)
how much does it pay, as an FSA? I'm considering it as a backup to my dev career.
Re:Actuarial science ranked as most valuable college major by jmcgough on Monday September 10, 2018 @07:40PM (#17956053)
Self-study is entirely possible. I worked through about half of the P1 material as a way to strengthen my probability/stats background. It's a lot of hours of work to be able to pass it if you don't have good knowledge of it already though.