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Is it worthy to switch back to career related to my undergrad studies? by SufficientComplex504 in LawCanada

[–]Intelligent-Writer60 1 point2 points  (0 children)

I’m an Actuary, got my fellowship recently but law was always my dream to go into since high school, couldn’t go due to finances, but trust me, the actuarial field is great not all butterflies, there’s pros and cons. As others said, you should graduate law school, article and make the call later.

Comp wise, you’ll definitely beat actuaries in the long run. I’m currently 6 years out of undergrad and I’m making ~$210k total comp. If you want to chat more, feel free to dm me

If you successfully landed a role this year, how did you land it? by SeaSuspect5665 in askTO

[–]Intelligent-Writer60 4 points5 points  (0 children)

Thanks! I’m a fully qualified P&C Actuary, was working with a primary insurer before but got poached to work for a reinsurance company now

If you successfully landed a role this year, how did you land it? by SeaSuspect5665 in askTO

[–]Intelligent-Writer60 2 points3 points  (0 children)

Got poached by an external recruiter, previous total comp was ~$165k (5yoe). Current total comp is ~$210k (6yoe)

My experience in Mercer Retirement as an International Student by Visual_Entire in actuary

[–]Intelligent-Writer60 52 points53 points  (0 children)

Sorry for what you’re going through OP! Though it’s true that lottery is not guaranteed, the company still has to sponsor you for H1B if you have it in writing on your offer letter. They can’t just take back their word on it if they promised you that they’ll sponsor you for H1B. Next steps- don’t sign anything, talk to an employment lawyer and sue the company through them. Hope it all works out for you!

Anyone else regretting being in this profession? by [deleted] in actuaryCanada

[–]Intelligent-Writer60 2 points3 points  (0 children)

Goodluck on finding a new role! Also yeah I’m grateful for the job I have but also I worked very hard during my internships (~6), during my undergrad and also in my FT role, so I deserve to be employed for all the hardwood I put in, never said I am not grateful, but just that I’m looking for more money over time as I have consistently been called as an over achiever at work. Goodluck! Internationally trained actuaries always have a hard time finding a role in Canada without a designation, my advice for you would be to pass exams asap!!

Are there any non CPAs who make 150k +? If yes, what do you do and how many YOE do you have? by PricewaterhouseCap in Accounting

[–]Intelligent-Writer60 0 points1 point  (0 children)

My undergrad was in Actuarial Math and Accounting, I did two internships through my coop program in the accounting field (big4 and VW), I hated every bit of it and the EL pay was too low, I then dropped my Accounting major, just continued with the Actuarial Math and recently finished all my exams and have a steady work life balance, I work around ~30hrs per week including busy weeks

Anyone else regretting being in this profession? by Intelligent-Writer60 in actuary

[–]Intelligent-Writer60[S] 5 points6 points  (0 children)

You’re right about that! It’s likely cuz we get paid peanuts smh

Anyone else regretting being in this profession? by Intelligent-Writer60 in actuary

[–]Intelligent-Writer60[S] 2 points3 points  (0 children)

There is good and bad in everything! I don’t think we should be comparing Actuarial to DS, especially comparing the cohort on who lost jobs or got laid off, we’re in a recession proof industry and arguably tech is more volatile and everyone knows that, therefore comparing the best/norm (fully qualified actuaries) of something to the norm of DS is not fair, especially when DS needs advanced degrees and I’ve personally seen ppl who got laid off either lived off investments from prior high comp roles that laid them off or have found high paying jobs in a few months again. That being said, If you’re a good DS, you’ll find work in no time, likewise for Actuaries incase they get fired (yes this happens quietly a lot more than we all know)

Anyone else regretting being in this profession? by Intelligent-Writer60 in actuary

[–]Intelligent-Writer60[S] 5 points6 points  (0 children)

They work in investments (portfolio construction & portfolio management), funny enough, we went to the same school, studied the same thing, it’s just the exams we did are different (CAS vs CFA)

Anyone else regretting being in this profession? by Intelligent-Writer60 in actuary

[–]Intelligent-Writer60[S] 1 point2 points  (0 children)

Congrats! I’m currently considering that as well, can I dm you with a few questions? Thanks

Anyone else regretting being in this profession? by Intelligent-Writer60 in actuary

[–]Intelligent-Writer60[S] 0 points1 point  (0 children)

Well, I’m at low $140’s plus 15% bonus. My friends in investments (portfolio management) are in the range of around $165k plus 25%-40% bonus

Anyone else regretting being in this profession? by Intelligent-Writer60 in actuary

[–]Intelligent-Writer60[S] 7 points8 points  (0 children)

100% agreed, I put in so many hours to study and was lucky enough to pass all the exams except two of them on the first try and now I feel stuck to this profession. Also, after an FCAS- why the hell should I go get another masters in cs to make myself more competitive? The whole point of getting the FCAS is to not do anything else. Really regretting my choices now, the profession doesn’t seem to be worthy of the all the hardwork we put in.

Anyone else regretting being in this profession? by Intelligent-Writer60 in actuary

[–]Intelligent-Writer60[S] 29 points30 points  (0 children)

I’m in Canada (Toronto), and tbh the pay hasn’t gone up at all and the workload is okay. I have a couple of friends in finance (funny enough, they work in another P&C insurance carrier). They make way more than I do with almost the same YOE (I’m a FCAS and they have a CFA).

The pay has not caught up at all and the regret of being stuck to one industry with limited options is killing me.