I understand your concern. While a psychology degree is different, your success in actuarial science will depend more on your math skills, technical skills, and passing the exams. Many people have successfully made the switch. Exams are especially important since you are a non-actuarial degree holder. Therefore, I suggest that you still go through the proper process to make it easier for you to navigate your actuarial journey.
Another thing is that people who do pursue STEM degrees and have the math skills needed to become actuaries are going into data science, engineering, computer science, etc. I’m currently getting my associates in math and was planning on getting a bachelors in engineering but the engineering job market is so saturated and locally, an engineer with 5+ years of experience gets paid like 50-60k. Meanwhile, local actuary jobs are offering 110-167k for 5+ years of experience and only one actuary exam. For context, I’m in Southern California.
@@alexacosta2140 I have a degree in applied math and I am a commercial beekeeper. my farm can make like 120k a year and its nice living in a rural area. Its all an actuarial problem based on hive losses ,food consumption etc.
Even though tech jobs might not be as promising right now, the actuarial field is still thriving. Actuaries are essential in insurance, finance, and consulting because they are experts in analyzing risks and data. It's a stable career with good pay, ideal if you enjoy using math and stats to solve real-world challenges. Plus, the skills you gain in STEM will always be valuable. So, pursuing STEM degrees is a good idea if it’s what you truly want to do!
Congratulations on clearing exams P and FM and obtaining your bachelor's degree. Actuarial jobs often require more than just exam qualifications; they may also require specific skills or relevant experience. Consider gaining internships or relevant experience to complement your qualifications. But I'm just not sure about the process in India, you can reach out to your local actuarial organizations for guidance. :)
@@ZunhingLin I understand how tough it can be after graduating and passing exams. While many internships are geared towards students, tons of employers also hire recent grads for entry-level actuarial roles. Keep applying and networking-your passed exams are a great asset.
@@EtchedActuarial do you think it’s worth it to try and pass more exams even though I don’t know what route I would go down just for the sake of having more exams?
@@ZunhingLin If you're not sure yet, passing more exams can still be valuable because it shows your commitment and keeps more options open for you in the actuarial field. You'll also build strong skills along the way. Take it one step at a time-it's okay not to have everything figured out yet.
