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  #1  
Old 01-04-2005, 08:03 PM
lazarus lazarus is offline
 
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Question Giving Up on Exams ... ideas for other careers?

Greetings,

I've decided to give up on exams after passing 1-3.

I was hoping some here could suggest other jobs to look into that wouldn't be too much of a pay cut from an actuarial student job.

Any ideas?
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Old 01-04-2005, 08:11 PM
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Financial Analyst perhaps?
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Old 01-04-2005, 08:29 PM
DW Simpson DW Simpson is offline
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Quote:
Originally Posted by lazarus
Greetings,

I've decided to give up on exams after passing 1-3.

I was hoping some here could suggest other jobs to look into that wouldn't be too much of a pay cut from an actuarial student job.

Any ideas?
I'm sorry to hear this, Lazarus.

Here is the
Life after actuary thread.

http://www.dwsimpson.com/otherjobs.html may give you some ideas as well.
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Old 01-04-2005, 09:10 PM
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Samir Samir is offline
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Anything we can say or do to raise you from the dead?
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"What if we are still doing this same job when we are fifty?"
" Well, it's nice to have that kind of job security."
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Old 01-04-2005, 09:25 PM
lazarus lazarus is offline
 
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Quote:
Originally Posted by Samir
Anything we can say or do to raise you from the dead?

Nahh, I took 3 in November and it was my third try. I'm sure now I passed (find out Friday), but I just have no desire to go on with the exams any more.

You probably don't hear this too often, but I'm happy with the amount of money I make right now, so the only thing motivating me to pass exams the possibility of getting more interesting things work on. If I can find something that is more interesting, doesn't require much if any pay cut, and doesn't require much time beyond 40 hours a week, then I'm outta here.
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Old 01-04-2005, 10:44 PM
WinnieThePooh WinnieThePooh is offline
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Maybe if you work in an insurance company you could try to look at the internal postings and see if you can move internally. It is harder to get a non-actuarial job given your background is actuarial. Why get an actuarial guy to do finance work when you can get a finance guy to do the work?
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Old 01-05-2005, 12:23 AM
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Quote:
Originally Posted by lazarus
Nahh, I took 3 in November and it was my third try. I'm sure now I passed (find out Friday), but I just have no desire to go on with the exams any more.

You probably don't hear this too often, but I'm happy with the amount of money I make right now, so the only thing motivating me to pass exams the possibility of getting more interesting things work on. If I can find something that is more interesting, doesn't require much if any pay cut, and doesn't require much time beyond 40 hours a week, then I'm outta here.
Moving up in the profession is usually all about the number of exams that you passed. However, some companies will let you stop taking exams and just hold you at your current job title. Problem is(at least for me), growth in your income is pretty much dead at that point.
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Old 01-05-2005, 08:16 AM
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If you transfer within your company, chances are you won't take much of a pay cut. You are unlikely to get a raise in a lateral, but unless you step way down, HR generally doesn't care to reduce a salary. If this puts you high in the range for the new job, they will just tend to hold down raises for a few years. (Naturally, this is a generalization, YMMV)

Who do you work with on a regular basis? Underwriting, IS, Finance, Taxes, Auditing? Do you have a good relationship with the departments you interact with? If so, it wouldn't hurt to have a little talk with the person in authority there to tell them that you really enjoy working with them and would like to move to their department if something opens up.
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Old 01-05-2005, 09:42 AM
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Skantown Skantown is offline
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Underwriting is not a bad gig, especially if you can find a position working on larger accounts or programs (you may have to train in a small/middle market accounts division for a while). You get to market and still get to crunch numbers (at least on larger, loss-sensitive accounts) but don't have to take exams (unless you take CPCU's, ARe's, etc.). And the hours usually aren't too bad.
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Old 01-05-2005, 09:58 AM
DW Simpson DW Simpson is offline
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Here's another thread, too

http://actuarialoutpost.com/actuaria...89&postcount=9
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