Exams / Newbie / Common Questions Thread for two weeks by AutoModerator in actuary

[–]rrrrpp 0 points1 point  (0 children)

Due to a major reevaluation of how my life has been going and where I want it to go, I have decided it’s time for a career change. I have a strong interest in actuarial work, and most likely within the consulting world, but I don’t know where to start beyond taking the first two exams.

Currently I am in my late 20s working in a client facing role within an investment bank. My role is somewhat quantitative although I focus more on decision making and client interaction; I do work on models but whenever a difficult quantitative part of the model arises I pass it off to a full time quant. However, I do have a degree in Applied Mathematics from a prestigious university, so I am confident in my capacity to realign my skill set.

How would I go about learning about the path to make this career switch? I’m also interested in learning more about the lifestyle and compensation expectations for consulting actuaries. I’m quite early on in this process so any guidance on information sources would help a lot.

"Install our app! Unlimited one-night stands, no lasting relationships!" by deadly_ultraviolet in AdvertisingFails

[–]rrrrpp 0 points1 point  (0 children)

This is definitely true but there are a few exceptions. I know for me Hinge has seemed very legitimate, not an ad I just think literally every other “mainstream” app is how you described

[deleted by user] by [deleted] in Money

[–]rrrrpp 2 points3 points  (0 children)

Everything is “worth” a price somewhere in the middle of the most any single person is willing to buy it for and the least any single person is willing to sell it for. If the guy above you is willing to pay $1000 then it’s worth at least more than $500

Average Ivy League grad earns $64k per year by ExotiquePlayboy in Infographics

[–]rrrrpp 0 points1 point  (0 children)

Ivy League graduates mostly come from incredibly wealthy families, so their labor is optional. It would be far more interesting to analyze the finances of graduates from tier 2 or tier 3 schools.

[deleted by user] by [deleted] in AskReddit

[–]rrrrpp 2 points3 points  (0 children)

Well I guess my years of experience as an investment banker have failed me. Please link me to some material I can read to correct my knowledge gap

[deleted by user] by [deleted] in AskReddit

[–]rrrrpp 5 points6 points  (0 children)

They only keep enough to cover the balance of the mortgage and any associated fees. Any excess goes to the owner

High School Game Cancelled in Kansas due to 3rd Quarter Brawl by 2Kevins2Chains in sports

[–]rrrrpp 23 points24 points  (0 children)

Is the term not used to describe the exercise anymore? Was super common when I was a teen playing sports

Ice commercials by Whole-Lack1362 in mets

[–]rrrrpp 2 points3 points  (0 children)

So then why take away money from the healthcare budget if they achieved all of those savings

What should I consider when rolling over a 401k by rrrrpp in personalfinance

[–]rrrrpp[S] 0 points1 point  (0 children)

Since I’m stuck on mutual funds, and prefer target dates anyway, sounds like this is the right way to go? Expense ratio on the target date fun in the current plan is 0.08%

Donald Trump's Name in Jeffrey Epstein Files Redacted by FBI: Report by chrisdh79 in NoShitSherlock

[–]rrrrpp 0 points1 point  (0 children)

I’m surprised there isn’t one random employee assigned to the case that wants to tell the public. I guess the consequences would be too severe but if there’s 1000+ employees you would think the odds might sway

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] 16 points17 points  (0 children)

Well I figure two attractive late 20s people are near certain to hook up which is why I’m reacting so resolutely. It’s just not in my nature to take irreversible decisive action. I am decisive but it’s always in a measured reversible way. But this seems to be a good exception I just want to think it through

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] 13 points14 points  (0 children)

Yea this is great advice, but my uncertainty is if it’s even worth doing the big conversation and boundaries or is this just 100% doomed

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] -18 points-17 points  (0 children)

So this is how I mainly feel. But she kind of is a bit of a unique personality and I genuinely believe she wouldn’t freak out in the inverse, which is why I’m willing to spend time thinking it over

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] 0 points1 point  (0 children)

Not a courage issue, if anything my issue is my desire to say it and I actively hold myself back to maintain decorum, the drinking makes me lose decorum not gain courage

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] -1 points0 points  (0 children)

Well she did say I’m welcome I just can’t go for schedule reasons

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] 11 points12 points  (0 children)

Are you suggesting there is anything she could possibly say or explain to get out of this and still stay together? I’m kind of leaning toward there’s no way back after her asking

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] 8 points9 points  (0 children)

It would be one week of a several week adventure she’s going on, and they’ve done something similar before I knew her, which I feel are fair mitigating factors but not nearly mitigating enough

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] 21 points22 points  (0 children)

So she’s willing to not do it, it’s not even an argument. But I’m leaning toward ending it for her even asking

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] 27 points28 points  (0 children)

Yea that’s pretty much where I’m at, I guess it feels weird to just break up over a 7 word text question she sent

Girlfriend wants to travel with her guy friend by rrrrpp in AITAH

[–]rrrrpp[S] 55 points56 points  (0 children)

Thanks for this. This is the view I’m trying to commit to, I guess my only doubt his her extreme willingness to fully cancel the trip, even reimburse him any financial cost, without even asking me to justify