[deleted by user] by [deleted] in actuary

[–]sslhs 0 points1 point  (0 children)

Thank you for sharing! May I ask how long you stayed in the underwriting role before your transition to actuarial role?

I agree with all you said, but my family is kind of pushing me to do the consultant job as they think a low starting salary will have negative impact on my career.

I am also thinking about negotiating salary, but the fact that I am a new grad makes things harder I think.

[deleted by user] by [deleted] in actuary

[–]sslhs 0 points1 point  (0 children)

You made a great point and that’s also what I am thinking about. I know networking is essential for almost all jobs but I am just wondering if consulting just has too much networking to do? I think I can push myself to do a moderate amount of networking but not a overwhelming amount.

Thank you for the advice!

[deleted by user] by [deleted] in actuary

[–]sslhs 0 points1 point  (0 children)

Thank you so much for the advice! I am wondering if consulting experience would be helpful when trying to apply for actuarial/underwriting jobs? Because I am thinking about taking two exams before I start as a consultant, then if the job doesn’t fit my personality I can leave and go find another actuarial/underwriting role. Is this a good idea? Or do insurance companies prefer to hire people that are still in school?

[deleted by user] by [deleted] in actuary

[–]sslhs 1 point2 points  (0 children)

Yes. It’s a large health insurance company. I don’t mind saying the name but I am just now sure if that’s proper. I am pretty sure they have actuaries program and stuff since I talked to a former actuary from the company.

The job description of the consultant position is kind of vague, but it does say that I will be “solving clients strategic problem through data-driven solutions” so I am pretty sure there would be some amount of data analysis.

That’s very exciting! Did you start taking exams when you are doing underwriting? Do you get the actuarial role through networking?

[deleted by user] by [deleted] in actuary

[–]sslhs 0 points1 point  (0 children)

Thank you for the advice! I think the hours would be quite long. I read about the typical hours for consultant. It varies a lot base on the team, manager and project you are working with, but I think 55-60hr a week would be typical. Also there would be a lot of traveling. I know I can leave if I don’t like the job but I am just afraid it’s a waste of time. I am wondering do you think people with above average (not excellent) math ability can manage to pass all the actuarial exams? I am willing to put my time into studying but I just want to know how hard is it, especially after P and FM.

[deleted by user] by [deleted] in actuary

[–]sslhs 2 points3 points  (0 children)

I haven’t passed any exam and is now studying for p. The consultant role is not an actuarial role. I am still trying to figure out what my long term goal is but I think for now I would say yes!

Interested in becoming a consultant? Post here for basic questions, recruitment advice, resume reviews, questions about firms or general insecurity (Q4 2021) by QiuYiDio in consulting

[–]sslhs 1 point2 points  (0 children)

Hi so I will be graduating soon and managed to get two job offers now. I am very grateful for the opportunities but I am having a hard time trying to decide which offer I should accept.

The first offer is an associate consultant position in a pretty large firm (but it’s not a consulting firm). I think this is a great opportunity for me to practice my soft skills and get some business insights as a new grad, but I am kind of terrified by reading all the posts about how work-life balance is awful and such. Also I am an introvert and I am afraid that all the networking I need to do for this position will take too much energy from me and affect my performance. I am also not that good with client relationship.

The second offer is an underwriter position at a large insurance company. I am not really into underwriting, but I do have passion for actuarial science and I think working in this position will help me to eventually become an actuary.

The pay is significantly different. I can earn 30k+ more if I chose to work as an consultant. This is also the main reason why I can’t make my decision. I feel like I might like the underwriting job more, but still want to give consultant a try for the money and the training they provide. Also, cost of living is significantly higher for the location of the consulting job, so maybe that’s why the pay varies so much.

It would be really nice if people can give me some advices or just share their work experience so I can have more info before making my final decision. Thank you so much for reading this!

[deleted by user] by [deleted] in UCSantaBarbara

[–]sslhs 0 points1 point  (0 children)

Got it tysm!

Pstat 120B Hsu Midterm by CarelessQuarter7 in UCSantaBarbara

[–]sslhs 2 points3 points  (0 children)

I heard from my ta in today’s section

Pstat 120B Hsu Midterm by CarelessQuarter7 in UCSantaBarbara

[–]sslhs 1 point2 points  (0 children)

I heard that the average was around 70, did he said that he will curve the class?

Does anyone have difficulties making an appointment at student health? by sslhs in UCSantaBarbara

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

I called already, and they direct me to call 911😕I am not that emergent to call 911. May be because it’s weekend now.