become an ACTUARY by taking *these* classes! 

Hey Noah! I’m so glad you enjoyed the video 😀 If you want to become an actuary, you don’t need a masters in actuarial science - you can just focus on passing the exams! If I could describe a pricing actuary’s job in a few words, I would say it’s “a mixture of statistical analysis and modeling to predict future claims and losses”, where the goal is to be as accurate as possible! Let me know if you have more questions! Have a great day as well :)

Hi Diego! To be honest, both of those sound like good options. I’d recommend talking with an academic or career advisor to further explore those options.

Hi! It is not necessary to major in actuarial science specifically, but it can be helpful to take actuarial science-specific courses to prepare for the exams. However, majoring in actuarial science might not be the best option if you’re not really sure if you want to pursue an actuarial science career. There’s not one right answer - you could go either way!

Hi Innit! 😀Have you considered becoming a risk manager? Based on your interests, I think you could enjoy that career, as they do a lot of risk management based on the financial market and economics. Many non-insurance companies hire risk managers, although finding cost-effective insurance is usually one of a risk manager's tasks. I'm curious to know what makes you interested in pursuing actuarial science. For me, it's the types of products that actuaries can work on, like autonomous cars and climate risk. Maybe instead of trying to find interest in the insurance industry as a whole, try finding an insurable product that is interesting to you! Hope this helps!

Hey Bella, thanks for your response! I have indeed considered risk management as a career path! I'd say risk is probably what attracted me to actuarial science in the first place, as it's very impactful, and is pretty much a part of everything whether it be anything from component failure to cyber risk. If I were ever in the position to pursue a fellowship, I would probably try to get a CERA designation. Still, my overall concerns about studying actuarial science fall on its focus on general insurance. To my understanding, actuarial accreditations are pretty consistent across the world (I'm from Australia and I'm assuming the accreditation system is pretty similar for IFoA and SOA as they all have mutual recognition agreements), and Uni courses for exemptions have a strong focus on life insurance. Though this is not necessarily a bad thing, as some skills will be transferrable from insurance, I have my doubts about actuarial science being the best pathway to risk management where there is also heavy focus on other business disciplines such as finance and economics, alongside decision-making and industry specific technical expertise. I guess the biggest problem I have with deciding whether or not to become an actuary as a whole is properly understanding if the role of a modern actuary focuses more on risk as a whole or specifically in insurance. Maybe I'm downplaying insurance, so do tell me know your thoughts on the impact and responsibilities of an actuary in climate risk and autonomous vehicle insurance in comparison to risk management!

​@@InnitBruvz Thanks for providing more context! 😀If you want to pursue risk management (RM), I'd suggest applying to a college program specifically for that! Otherwise, if you can't find a program for it but still plan to pursue RM, I think studying actuarial science could still be a good option because it gives exposure to the math behind how insurance products work. This could be helpful since risk managers often have to know about the different risk management options (such as insurance) available. Generally, actuaries focus more on the insurance side of things while taking risk management strategies into account; comparatively, risk managers focus on risk financing strategies while taking insurance products into account. In other words, actuaries focus on the statistical modeling of historical data to quantify and predict climate risk, while risk managers focus on the strategy and techniques to be used to reduce climate risk. Does that make sense?

@@Bella-the-Actuary Yeah, it makes a lot more sense now! Thank for your help!

Start researching about MFE programs...i think that it could be a mixture of all tooics you are interested in. And the opportunities that come with that degree are insane