Video Suggestions: 1. How did you negotiate your first salary, bonus, health insurance, retirement and vacation package? 2. A demonstration of your daily exam study process. 3. Which software tools/languages have been the most valuable to you and why? 4. How does one know if they are good enough at math to pusue actuarial science? 5. What are some other career paths for those who complete actuarial science degrees? 6. What are your favorite aspects of your current work environment? 7. How much and what kind of writing and/or communicating is required of an actuary?
I'm 24, currently in my second year as a high school math teacher and have decided that it simply is not for me. I've registered to take Exam P in March and getting ready to start on a new career journey! Your videos are a fantastic resource!
nice indeed, Elle I am thinking in starting my Actuary studies either with a Masters or a phd, which would you recommend doing?, I already have a master of science in financial management. How many certifications is advisable to get after completing Actuary studies?
I’m 47 and studying for the P exam is kicking my ass left and right. What an unbelievable achievement that you passed all 10 exams on your first attempt in five years. You should definitely be proud. Question: can a middle-age person get an internship or are those strictly for college students?
Great vid! I'd love to see a video explaining how to prepare for a an actuarial job/internship interview and know what kinds of questions employers typically ask
This is an exceptional and informative video for all aspiring actuaries. I'm wondering how many times actuaries use the number e in their calculations. They really should have more appreciation to Euler for that.
An Actuary is an Insurance Engineer! I am an FSA 1978, I started at CNA in Chicago in the Casualty Actuarial Department doing claim reserves, developed case reserves and IBNR. I decided to be a Life Actuary since there were 10x as many jobs.
Hey Ellelle! Just wanted to say congratulations to your success! Im super happy for you ! I've been following you since 2014! I am taking exam P next month and completing my econ VEEs! I wish you the best and I look forward to more of your videos ! Thank you ! 😊
Congratulation. You are indeed very smart, Michelle. You are such an inspiration for aspiring actuaries like me. Looking forward for more videos. You also have an amazing personality.
I'm glad I found your channel. I'm 48 and studying for exam FM (first exam). I didn't even know actuary was a thing or I'd have done this a long time ago.
Congratulations!!!! I just passed FM 2 weeks ago and am planning to take P for the January sitting! Also starting to look for internships for next summer here in the next few weeks :)
im an 11th grade high school student in the Bahamas. On a recent collage tour field trip i met a professor who first mention actuarial science to me. It brought 3 distinct aspects of life i enjoyed Maths Science and computers. Actuary written on his card and given to me. An inspiration to start a journey.
Remember you were confused between Engineer or an Actuary .I'm same even after engineering. xD So is it advisable for a software engineer to be an actuary?.
Glad your move went well. You really look happy 😁 I'd love it if you made a video where you give some tips to aspiring actuaries that just started uni (study methods & tips) Also would love to know how you managed to study for your classes while studying for you first actuarial exam. 💗💗
It requires a lot of dedication and sacrifices. It also helps to time it with your school responsibilities.. so don't schedule an actuarial exam during midterms!
My son is in Grade 8. He is good in math. I wish he becomes an actuary. Your videos are informative. We have too many P&C companies in USA, and I think life will be good.
Loving the channel! I can't remember which vid it was, I believe your Internship vid on the other channel that specified Excel being highly preferred if not required. I did already know that but what I don't know is what components exactly of Excel are desired so I know what to work on? Thanks, you're awesome!
Congrats! Concordia represent :P ATM I'm in my second year and just wrote MFE (waiting for results) and have P/FM done. Any tips for the larger exams ahead? Thanks :)
Don't underestimate the amount of time it takes to study for the exams. It's worth putting in extra time the first time in order to avoid having to study twice! Good luck!
Your journey to success is just what I need for inspiration. I hope that I can do half as well as you! I have been studying for P for a few months but it's slow going for me. I just began Math Stats at university so I'm hoping to be ready once I get though it.
I lost motivation to study every other day. I just kept reminding myself that I wanted it, and rewarded myself with junk food and post-exam celebrations :)
Congratulations! I'm currently pursuing ASA, hoping to get it before July 2018. I'm left with MLC (which is in October) and FAP (which I'm currently enrolled in). I have an interview from a consulting firm this coming Wednesday for full time. So wish me luck. I'm gonna need it. LOL
So I went for an interview today, and I didn't get the job. :( . I really felt rejected and lost in many ways. The length of my interview is not even 10 minutes. I think part of the reason is that I didn't prepare for interview the right way. Maybe I prepared it wrong? So, I was wondering do you have some advice on acing the interview based on your opinion. Or perhaps your experience when you apply for different kinds of companies during your co-op days. Can you share with me or us, please? Maybe you can make a video about it. :)
FCAS here. Interesting that your guidance councilor suggested you should look into being an actuary. I'm sure that when I was in high school the guidance councilors at my school wouldn't even have known what an actuary was.
I have a question. I know entry level actuary jobs require work experience. Does it have to be actuarial work experience, like an internship? Or if you were perhaps doing a career change from say a stock broker, would the stock broker work experience count for anything?
Ultimately, that's going to depend on the person doing the hiring, and the candidates that you're being compared to. I would say that actuarial internships are ideal, but having a range of work experience can definitely be an asset!
Your Chanel seems to be doing amazing Ellelle! Amazing work! I have only started with making tutorial videos for the IFoA exams so far, Let's see if I can come around to make videos on these general topics as well. Suggestions?
@@Actuaryelle Fuck nice, hopfully that'll be me when/if I pursue it lol, I'm only 16 now gonna do maths at uni first and then actuary most likely. I'm gonna be so old 😅😅
@@Actuaryelle But how does this add up ?! Here in Germany, the only people who get to enter the exams (and all the learning for them and the materials which follows with that) are people who have a masters degree in Maths (pure maths preferred), statistics or in some cases physics. After that, they take 2-3 years to finish the exams to finally become one. I guess you skipped unncessary things by just studying actuarial sciences, a degree which teaches you the skills to become an actuary (the math needed+ any other stuff). Here in Germany, actuaries also need to know the legal side of things since they operate with the law. Every country has slightly different requirements to become an actuary, is what i read :o
Hey! I just started my junior year of college and I'm a little (more "low key VERY") nervous because I had planned to write Exam P over the summer and I got really busy with my summer job and never put in the time to study. I'm trying to get an internship for next summer that is actuarial related but I doubt that is possible without at least having one exam under my belt. Is it possible to cram and pass Exam P either September or November and set myself back on track to becoming an Actuary or am I too late? Thank you for any help you can provide!
EllelleActuary I’ve taken a course on probability theory and simulation methods last semester and aced both midterm and final, and I’m taking mathematical statistics this semester. The knowledge I learned in my probability class went from the basics all the way up to discrete and continuous random variables and special distributions so I still have a decent chunk to learn
Interesting story! Wrote and passed my primus actuarial paper age 20 also, now am 21 and preparing for my second paper albeit I am following the SOA track and this gives me motivation that I could complete all in 5 years or less and be the youngest actuary in my country maybe... Lol :-)
is predictive modelling and working with GLMs (i'm assuming you mean generalized linear modeling so correct me if I'm wrong) not considered traditional actuarial work? These are topics I'm actually into so I'm wondering now how I should go on about looking for work in actuarial science. I'm graduating by end of Winter term 2019 and will be doing an actuarial internship, which is starting a week from now. I was hoping to be able to apply/learn more about regression analysis and how it's used in insurance so any thoughts on where/how I should get started? would it be reasonable to ask people who I would be working with at that company or would that seem too forward/out of context?
chintastic first get to know your co-workers better, as days pass you will get to know more about your work, co-workers, seniors and then you can take guidance from them.
You don't need to major in actuarial science, you just need to pass the professional exams to be an actuary. A major in actuarial science will likely help you pass these exams, but you can self-teach as Well!
Awesome video! Keep up the good work! Oh btw I have completed the CT series from the UK actuarial society. Almost done with the FAP modules of the SoA. Writing the St6 examination in less than 2 weeks! Passed CFA Level 1 as well.
Hey Ellelle. I'm also from Canada and live in Toronto. I'm currently doing a BA in Math at a university. Can I become an actuary with this kind of a degree? Also, is the job tedious? or does it require creativity as well? Thanks!
is it possible to get an actuarial internship without any exams passed? its currently january and im in my fourth/last year of school. i dont have any exams passed atm but i really want an actuarial internship under my belt to at least get some experience on my resume. but every time i look to apply, it says i need at least 2-3, which i wont be able to complete before april. please let me know because if theres a loophole or something that i dont know about, i'd love to find out sooner than later!! - Justin
No harm in applying. I'd just focus on having a really solid cover letter that explains your intention to write exams and how other life experiences bring transferrable skills that will be useful in an actuarial internship
I am a senior in high school right now and I am very interested in becoming an actuary. It's my final year, I plan on going to college and taking the necessary steps to become one. I was wondering where I should start off and what classes should I look for and get into in college and when I should take the exams. I could really use the help. Thanks!!! Btw, love your videos.
Its on the low end of reasonable. I have a colleague who got his FCAS at 22. The average age is usually closer to 27-28. This means there are definitely people getting their fellowship over 30. Everyones path is different
Hii..i'll be sitting in my first SoA exam in januray for Exam P. Need some tips regarding exam and practice questions. What you recommend for practice exams and how to disect difficult concept and understand them easily. Thanks
I really love open-book studying. Keep your textbook and your formula sheet open when you're doing practice problems. It forces you to reread the concepts over and over. I also really believe in volume - the more questions you solve, the better. Good luck!
a king during University, a head start is always good in every career, especially in Actuarial Science where you have to give 13 papers to become a Fellow ( 2 of them being practical model exams on computer)
About to take my first exam at 35. I was a blue collar guy my whole life before recently going back to finish a bachelor's. Working on a masters now and should have at least 2 exams done before I finish that. Just wondering how hard it will be to find a job. Do they look down on career changers?
I think ultimately that's going to depend on the person doing the hiring. I have never been involved in hiring conversations, so I can't speak to that. I'd like to believe that every qualified candidate is given a fair chance. Best of luck, Justin! :)
as a Fellow (not me, you) it is time for a professional demeanor. This is not a criticism, you are adorable and smart, and your videos have plenty if information. Do you have a video mentor? Perhaps different styles of presentation for different audiences. You are to be applauded for the speed in accomplishing your Fellowship so quickly and sharing the journey. Thank you.
My journey has yet to begin. I'm still in high school but about to graduate next year June 2018. I plan to do this thing called CAPE mathematics for 2 years then off to university where I start an actual actuarial programme to become an actuary. I definitely need some guidance along the way and hope you reply to my comment.
3 years later, im hating first year of university, my ambition to become an actuary has withered and not too sure what i should do now that Ive graduated from high school
i start my freshman year of college tomorrow and my goal is to be an actuary and im so excited!! also no one at my new job has any idea what an actuary is, lol
I’m your fan, I want to be like you, or at least almost like you, FCAS at the age of 25, or maybe 26. I’m 22 and will take Exam P in 3 months from now, hope I can meet all the requirements to become a FCAS before I’m 27
It'd be great if you could make a video about why consulting wasn't for you! I interviewed for a consulting internship and I really just didn't like anything about the job. I've only passed FM though and I'm taking P in November so I have a lot of time to worry about it :P
Yup! It's on the to-do list! And there's no harm in doing an internship just to see if you like it! That's the beauty of internships - they give you a chance to try things out and see what feels right :)
I think it's just the way that different universities title their programs. I believe that most actuarial science programs still fall under the mathematics department, regardless.
@@Actuaryelle im so confused! Right now, in my country, the demand for this job as an actuarist is yes, increadibly high and it is smthg that is rare in my country. As I mention this name of this profession to people here in where I reside, they always mistakenly thought that im taking a marine course 😂 And here, also in my country we have lots of fresh graduated doctors.. Yet still, it depends on our interest right? However, I dont know actually what is my real interest rn. Because, both of these field has thier own uniqueness.. and im confused
Curioshi You can't you are required to take 8 exams (idk how much for other countries) being in actuary is not easy the math you do there passes cal 3 all the way to honours level math *Abstract Algebra* you need very good analytical skills
