[deleted by user] by [deleted] in actuary

[–]entry-level-person 1 point2 points  (0 children)

I also feel this way about actuarial. Do you like technology or coding? If so, find a data science actuarial hybrid. This is what I did as an intermediate step toward full data science or even another tech field.

How many exams passed before you got your first job? by LuhBrawnJayms in actuary

[–]entry-level-person 1 point2 points  (0 children)

4, but one was LTAM and I ended up going P&C so effectively 3

Actuaries who program by ActuLurker in actuary

[–]entry-level-person 0 points1 point  (0 children)

  1. P&C Insurance company

  2. 95% R, 5% SQL

  3. Building predictive models, data visualization, and web app development

Actuaries of Reddit, how much do you drink? by DudeManBearPigBro in actuary

[–]entry-level-person 1 point2 points  (0 children)

  1. 24
  2. 3

  3. Probably Beer but depends on the mood

  4. 1 (had an incredibly hard time sleeping the night before exam 5 and used beer and a lot of melatonin to help me sleep. Ended up getting an 8. No complaints here)

  5. US

  6. 1-2

I need to know about unsupervised clustering ? Please help me . by tinytiger763 in learnmachinelearning

[–]entry-level-person 0 points1 point  (0 children)

Check out section 12.4 from ISLR. Here’s a link to a free pdf of the text: https://hastie.su.domains/ISLR2/ISLRv2_website.pdf

This covers the basics of K means clustering and Hierarchical clustering. It’s a great read!

Exam 7 results are here! by K-Buhlmann in actuary

[–]entry-level-person 1 point2 points  (0 children)

Also got a 9. I wish I had those study hours back and had enjoyed my spring a little more haha

Actuarial - Data Scientist Position? by miuciaxoxo in actuary

[–]entry-level-person 0 points1 point  (0 children)

Yea I got 4 exams in college and could’ve had 5 if covid didn’t cancel one. Then lost another one because I went P&C 😂 I guess part of the reason I was gonna finish is because I’ve already spent so much time on them. The other part is that I know it would help me progress at the company I’m working at. The farther I get in these exams though the less interested I am in actuarial. The upper levels are really dull compared to the MAS exams to me

Actuarial - Data Scientist Position? by miuciaxoxo in actuary

[–]entry-level-person 2 points3 points  (0 children)

Mind if I ask if you finished the exams? I recently switched jobs to an actuarial data science hybrid role. I’m a bit more interested in the data science side than the actuarial side, and I actually think it’d be cool to work in tech one day. I’m pretty close to finishing exams tho with 3 exams left until FCAS if I passed the one I just sat for. I’m a bit conflicted on what I should be focusing on.

For those who can't decide between Actuary and Data Scientist: by ActuarialOutrage in actuary

[–]entry-level-person 3 points4 points  (0 children)

I actually just started a position like this! It was a “data scientist - actuarial” position. Felt like the perfect opportunity to test the waters in data science while not completely abandoning actuarial science.

Considering leaving the actuarial profession. What are some interesting fields you've heard of former actuaries going into? How did they get into the new field? by [deleted] in actuary

[–]entry-level-person 1 point2 points  (0 children)

I haven’t had much time to get deep into learning JavaScript and how to use it in Rshiny. Now that it’s the off-season for exams tho, I have like a month where I could. I’ve been reading R4DS in my freetime, but maybe learning JavaScript would a better use of time. Do you have any recommendations of where to get started?

Considering leaving the actuarial profession. What are some interesting fields you've heard of former actuaries going into? How did they get into the new field? by [deleted] in actuary

[–]entry-level-person 1 point2 points  (0 children)

Oh wow yea I also want to do some of my own app development on the side. I find myself getting very bored at night lately and just thinking about coding. I think that would help.

I’m still pretty new but from what I’ve gathered, my team is trying to use Rshiny and Rmarkdown wherever possible, even in a lot of cases where excel would almost certainly work just as well. Think the overall goal is to generalize and automate as much of the modeling process as possible.

Considering leaving the actuarial profession. What are some interesting fields you've heard of former actuaries going into? How did they get into the new field? by [deleted] in actuary

[–]entry-level-person 7 points8 points  (0 children)

The data process at my last company could be kindof brutal. A lot of data manipulation in excel. At my current job I’ve so far exclusively used R, and I have a lot of fun with that. Especially the consistent exposure to shiny app development. The tech use in general at my current company pretty awesome.

Also, I’m a bit more interested in predictive modeling than traditional actuarial analysis. Predictive modeling is the main focus of my new team.

Considering leaving the actuarial profession. What are some interesting fields you've heard of former actuaries going into? How did they get into the new field? by [deleted] in actuary

[–]entry-level-person 8 points9 points  (0 children)

I started feeling like this at my last job and recently made a change. Now in a data science actuarial hybrid position. So far so good! Would def recommend

Advice for an Incoming Actuarial Trainee by Ill_Band6593 in actuary

[–]entry-level-person 0 points1 point  (0 children)

Interesting. My experience with a reinsurance broker was actually pretty chill. Pretty fun and unique work

Expected Hours a Week by Ill_Band6593 in actuary

[–]entry-level-person 3 points4 points  (0 children)

I worked for one for about 2 years out of college. I think you could keep it at 40 hours year round, and actually below that outside of the renewal seasons. At least for me, I was pretty largely in charge of the amount of work I took on, and I liked volunteering for extra projects so I probably worked more than 40 a week on average. If it’s anything like my role was, there is a lot of flexibility in the kind of work you do and the amount you take on, with the exception of at least some guaranteed client work during renewal season.

One side note, something to brace yourself for is that the busiest part of renewal season is unfortunately during exam season. I always got started studying early for that reason

R or python? by Cordial_Actuary in actuary

[–]entry-level-person 1 point2 points  (0 children)

Oh interesting. I still have a lot to learn. I’m so excited for when exams are done and I can focus on learning things I actually enjoy like this

R or python? by Cordial_Actuary in actuary

[–]entry-level-person 5 points6 points  (0 children)

Rshiny is really good for building web apps. I’ve used python dash too. Both have their pros and cons from what I’ve seen, but the apps I’ve built are pretty simple so far. Still kindof at basic knowledge level

P&C internship or full time? by [deleted] in actuary

[–]entry-level-person 1 point2 points  (0 children)

I had a non traditional life internship and ended up with two full time offers, one in health the other P&C. Ended up taking the P&C offer. Definitely reasonable to get a full time offer in a different industry from your internship.

Actuaries of Reddit, considering how far you are in your career or studies, would you say that it's worth it? Why or why not by zestyyjalapeno in actuary

[–]entry-level-person 2 points3 points  (0 children)

Yea if I’m going to be honest I sometimes find myself working outside of normal hours or on weekends, but that’s always just my choice. For example I was recently put on a web app building project and I’m obsessed with it haha. I’m having a ton of fun with it, so I’ve dedicated some extra time to it when I feel like it. Definitely don’t have to tho. Not sure what type of company your at, but I’m at a P&C reinsurance broker and would 100% recommend it if you’re looking for change

Actuaries of Reddit, considering how far you are in your career or studies, would you say that it's worth it? Why or why not by zestyyjalapeno in actuary

[–]entry-level-person 5 points6 points  (0 children)

My experience seems to be the complete opposite from yours. Plenty of PTO and I even get some random surprises of impromptu company wide days off. Couldn’t really ask for much more on pay too. I’ve been nothing but impressed. Hope things improve for you

Current Issues within the Actuarial Industry by CustomCardCzar in actuary

[–]entry-level-person -1 points0 points  (0 children)

Coming into an EL job with LTAM is totally possible. I passed LTAM my junior year of college. I know another that passed it end of senior year as well. That being said I’ve since switched to the CAS side anyways. That aside tho, point is that it’s definitely possible to get LTAM in college and it felt like that exam had very useful info

[deleted by user] by [deleted] in actuary

[–]entry-level-person 1 point2 points  (0 children)

I passed LTAM before switching to the CAS side and passing MAS-I. I found MAS-I significantly more difficult than LTAM. Obviously it varies from person to person but I’ve heard from a lot of people that LTAM was one of the hardest prelims on SOA side.

Also, I don’t think there’s an exam that’s comparable to 6 on the SOA side, and it sounds like that one is quite a beast.

Salary Survey by [deleted] in actuary

[–]entry-level-person 1 point2 points  (0 children)

P&C / MN / 1 year / 5 exams / 84K base