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The Actuarial Job Market Is NOT Competitive 😮
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- เผยแพร่เมื่อ 12 ส.ค. 2024
- Think the actuarial job market is just too competitive for you to ever get hired?
Well, that’s actually NOT TRUE!
In this video, you’ll find out exactly what you need to do to start getting noticed by employers.
When you use this method, it’s practically inevitable that you’ll get hired!
And, if you still have questions about becoming a top candidate… no problem! Just ask them in the comments and I’ll get back to you as soon as I can! 😊
So, do you want to use this proven strategy, all with a supportive community of mentors and future actuaries like you?
You’ll love the Actuary Accelerator Community (AAC)! In the AAC, you’ll get access to tons of study materials, tutoring, technical skills training and projects, and you can even brush up on your communication skills! Get all your actuarial questions answered and become a top candidate the fastest, easiest way.
Just go here to learn more and join the waitlist for when it opens up again:
etchedactuarial.com/accelerator
TIMESTAMPS
• Intro 0:00
• The qualifications of a top candidate 0:51
• What most unguided actuaries believe 4:06
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• Actuary Success Tips - etchedactuarial.com/actuary_s...
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This is why it's so worth it to spend the time to get the requirements. Job security is amazing.
Exactly! It's definitely tough but you know the end will be SO worth it!
Not for physician , pharmacist, vtss, dentist. Those jobs may be get 10 applicants at best.
First of all, thank you very much for your channel, I find your videos clear, informative and accessible and you taught me a lot about the actuarial profession and the job market.
I read a little bit more and saw that I was particularly interested in reinsurance, and I definitely see myself working as an actuary in that industry.
But there are serious obstacles I have to pass along the way.
I'm starting next year to study at a university in Israel, (where I live), its a good university but they don't have (like any other university in Israel, and I can't afford studying abroad) an actuarial science degree but they do have very good math, stats, data science and econ degrees (I will probably data science and economics). I am not going to work meanwhile and I could complete some IFOA exams or equivalent.
I also will learn some computer science courses although I am not a fan of coding.
after I graduate school (take 3 years) I am planning to leave Israel (personal reasons ) to an EU country or an English speaking country outside of Europe, (I'm holding an EU member country passport and if I choose to move to Europe visa won't be necessary). I will need to really stand out from other applicants in order to convince an employer to employ a foreign (even though I will certainly have a work permit in Europe, language barrier exists, and suspicion as well) wihout a work experience.
I thought about three solutions that are built on assumptions I made ,though I may get wrong:
1. To complete as much exams as possible, (three years without working is a lot of time even for a university student and I enjoy studying fro exams).
2. To do well at university and to enroll a master program abroad after I finish that will qualify me for a reinsurance actuarial position.
3. To do both 1 and 2.
Do you really think that someone with substantial amount of exams past can get an entry job easily, even without work experience?
Is master degree worth it?
Maybe experience in data science unrelated to insurance?
Is it harder to get into the reinsurance industry than to traditional insurance?
If my chances are low or zero, an honest answer will be sincerely appreciated.
Hi there! I'm unfortunately not an expert in the actuarial environment in Europe and Israel (only the US and Canada), so I'd recommend reaching out to your local actuarial society to get more information! I don't want to give you advice that doesn't work in the region you're in. Sorry about that, I wish I could help more!
@@EtchedActuarial Thank you very much because you did help me . I am now aware about The Israeli Actuarial Society, and their website gave me clear answers!
Give me a break. I had 3 exams, internship, excel and R projects, actuarial knowledge, and practiced interview questions for an hour every day and I didn’t make it past the first round for 90% of companies, took over 40 interviews and hundreds on applications before I got a job
Hi Charles! I'm so sorry you had such a hard time getting an actuarial job. How long did you spend in your internship? You usually want 6-12 months of related experience, so that could have been a factor. Alternatively, it could be that something small just wasn't aligning that kept you from getting hired. As an example, one candidate I mentored couldn't get any interviews, tweaked his resume a bit using our method, and suddenly had an interview at a location that previously rejected him. Little things like that can make a big difference, and maybe something similar happened with your interviews. Regardless, I'm glad you were able to get hired and wish you the best of luck with your career! :)
I noticed the market must not be very competitive as the SOA is now waiving exam fees and covering prep materials for diverse and lower-income candidates. Not sure why people try to scare those considering entry level positions?
I think the market feels too competitive to candidates who try to get hired before they're ready, and they can be a pretty loud bunch! They don't want other people to struggle the way they've struggled. Really though, they just weren't qualified yet! It's definitely not as competitive as people would lead you to believe. :)
Quit lying, I know you want to promote your course but anyone who has half a brain knows that the energy level market is insanely competitive
Is this for entry level positions only? What qualifications would you need for an internship? Thank you for your videos!!
This video is about entry level positions in particular, but I think it applies more generally to the actuarial field, too! To get your first internship, you usually need some Excel skills, a programming language, and a pretty high GPA (around 3.0 to qualify). You can also check out stepping stone positions, which will help you get the same skills and experience that you would get in an internship! Check out this video if you'd like to learn more about that: th-cam.com/video/QKpspMqtelU/w-d-xo.html
hello, I want to study as an actuary, I'm 34 years old, do you think it's not too late? and English is my second language. I have two bachelors in law and metallurgy. Is it possible to find a job after graduation?
It's not too late for you! :) The field your Bachelor's degree is in doesn't matter too much. This video walks you through the steps I'd recommend: th-cam.com/video/z10wT4qLa34/w-d-xo.html
Could i still be a top candidate if i studied actuarial science and have related work experience in another country?
Hi Roberto! If you're applying internationally, it can take a little more work to be a top candidate, since you have to prove to employers that you're worth going through the international hiring process (instead of hiring someone locally). But you can still be a top candidate. In fact, becoming one is still the best way to get hired because you'll have all the skills that employers want. They'll know you're the best person for the job, so you'll be worth it! I hope that answers your question! :)
You can get so much more money having other occupations such as software development
Hi Bernardo! :) Absolutely! Actuaries do earn a lot, but there are plenty of occupations that earn more. It's all about choosing the career that speaks to you!
@@EtchedActuarial That's why I bachelored in Actuarial Science but I have never applied that incredible amount of knowledge because software development positions pay more 😉
@@bernardomondragonbrozon5182 Medecine, law and investment banking pays more than software development. So what's your point?
@@jackstarc111 I was not trying to make a point. I was just letting out my frustration because I choose to be an actuary but ended up doing software, and I think actuarial science is more important and more entertaining