FYI - A score of 6 means that the person got 100-110% percent of the needed questions correct. So if they needed 20 questions right to pass, then the person got 20 to 22 questions correct. That would give them a score of 6. More details here: www.soa.org/education/general-info/grading/edu-reporting-results.aspx
I’m 23 and have been watching your channel for awhile. I graduate in May with my Bachelor’s degree in Actuarial Science but since I haven’t taken or studied for the exams because of struggles I had through life/college which also gave me the inability to get internships. Do you have any job recommendations for me to apply to so I can still make use of my degree. Get a decent job and then finally schedule time to study to finally plan to take the examssss.
You, as a recent graduate, could apply for an internship to get some experience from an actuarial firm while you are studying to pass an exam. I see persons get hired this way in my country.
I'll definitely keep this topic in mind for a future video! In the meantime, I think this one might be helpful to you: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-g0kXILhstiU.html Hope this helps! :)
Can you do a video about the new SOA track? I passed exam fm and p, and with IFM gone it’s not very clear on where to go next. I think either SRM or FAM is next, but what’s easier, what’s more useful in a job, etc, is the info I don’t really know
The key factors for getting an actuarial job usually depends on the job post's requirements. But in most cases, employers seek candidates with relevant experience and a track record of passing 1-2 exams. So, to break into the actuarial field, it's important to start in a stepping stone position that lets you gain the necessary technical skills needed as an actuary, like learning excel and programming language.
Hey there! The Study Strategy Program is currently only offered to members of our Actuary Accelerator Community (AAC). You can learn more about the AAC here: etchedactuarial.com/accelerator
In the early stages, you'll take courses or topics covering calculus, probability, and statistics. These lay down the foundation for understanding risk assessment, which is essentially what being an actuary is all about! So keep an eye out for courses or study materials that cover these areas, and you'll be off to a great start on your actuarial journey! If you have any more questions or need further guidance, feel free to ask!
Hello :) I was just wondering if I do have background experience as an underwriter without a bachelors degree. Are there classes out there that offer help in passing the exam? Also, will it be a waste of my time to take and pass the first 3 exams and be hired without a degree but with experience working hand and hand with health and life insurance companies? Thank you so so much.
Hi there! Your experience is definitely a huge asset, and I don't think you'll need to pass more than one or two exams to get hired with your experience. Unfortunately, a bachelor's degree is a requirement to get an actuarial job - I don't think I've seen someone get hired without one (yet). But certain classes in Actuarial Science degrees can give you credit for exams, so you can get two things done at once! This article covers more on that and degree programs: etchedactuarial.com/best-actuarial-schools/ . I hope this clears things up for you, and let me know if you have more questions! :)
Does receiving an exam exemption look bad to potential employers? Do they view it as you not learning the material or do they consider it the equivalent of a pass?
No, exam exemptions don't look bad! Most of the time when you get an exemption, it's because you learned the material at school. So you still learned it, just another way. It's the equivalent of a pass :)
Hi there! My expertise is with the US and Canada, so I'd recommend doing your own research on the IAI to make sure you get all the right details on it. Sorry, I wish I could help more!
A Bachelor's degree is required to become an actuary, so you can't skip it. But you can start taking actuarial exams while you're still in school if you want to speed up your progress! :) Hope this helps!
im in 10th grade rn..and i heard that to become an actuary.. you should be good in maths, stats, bussiness, English, etc.. is this true? and pls guide me.. i like maths, stats and bussiness stuff yk..soo.. AM I ELIGIBLE?
Hi there! Yes, you're eligible! I'd recommend watching day-in-the-life videos to learn more about what's involved in the career and if it's something you'd enjoy. In high school, you only need to focus on getting good enough grades in the classes you need to graduate, and (in your senior year) to get into the university you want to attend! The article I'm linking below will teach you exactly what you need to do to become one, but keep in mind, you don't have to worry about this until after you're finished high school :) it's enough to focus on your classes for now! etchedactuarial.com/steps-to-becoming-an-actuary/ Day-in-the-life video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-EbajGzTHZH8.html
Lol I'm 11 but am way above my standard and did a GCSE calculator maths paper and got a D. At age 11. (Also same here I like those things and got really good year 6 sats results for English) Could I be eligible in future?
I would estimate that it opens about 2 months before and closes about one month before. You do need to register for the exams in advance of taking them.
I'm here because I want to lurn how actuaries think. I lurnd they have the lowest divorce rate and I was gesing it had ro do with them making good choices.
Yes, it's possible. But most companies hire actuarial students assuming they'll continue to take exams until they become a fellow, so you'd have to make sure your employer was okay with that!
