Actuary or mfe

amisha

New Member
Heyy all
I have a confusion regarding choosing mfe program
I am bba graduate and cleared 4 ppaers of Actuaries and now I wanted to pursue financial engineering as back up and also clearing papers further is tough for me. So should I go for it or there are other programs better for me ?? I m interested in statistics, mathematics, finance
 

Onegin

Member
C++ Student
It’s tough to sit on two chairs. You only have one backside.

Actuarial science is a low risk field - significant barriers to entry, a lot of jobs, low correlation to markets. I’m not sure how a higher risk, arguably more competitive field (higher correlation to markets) would be an effective hedge.

Also, MFE programs are hard. If you’re not able to pass the last few actuarial exams, then your prospects for success in an MFE are questionable.

That said, one of the best guys I know inbthe field has an actuarial background.
 

amisha

New Member
It’s tough to sit on two chairs. You only have one backside.

Actuarial science is a low risk field - significant barriers to entry, a lot of jobs, low correlation to markets. I’m not sure how a higher risk, arguably more competitive field (higher correlation to markets) would be an effective hedge.

Also, MFE programs are hard. If you’re not able to pass the last few actuarial exams, then your prospects for success in an MFE are questionable.

That said, one of the best guys I know inbthe field has an actuarial background.
I have give n four exams n all cleared in first time but high risk bcoz paper passing % are very low in Actuaries after CT series. I just want to know that if Actuaries n mfe r similar so that I can pursue mfe bcoz I like actuarial curriculum
 
Hi Amisha.
Since you have mentioned above that you like the actuarial science curriculum and assuming that you are part of either the Indian/UK actuarial society, why not try for an MSc in Actuarial Management from Cass business school London. As far as I know, graduating from this program in particular will give you exemptions from some of the post CT series (including Actuarial Risk Management) papers of the UK society. You can go on the IFOA site or the Cass Business school site to know more.
 

amisha

New Member
Hi Amisha.
Since you have mentioned above that you like the actuarial science curriculum and assuming that you are part of either the Indian/UK actuarial society, why not try for an MSc in Actuarial Management from Cass business school London. As far as I know, graduating from this program in particular will give you exemptions from some of the post CT series (including Actuarial Risk Management) papers of the UK society. You can go on the IFOA site or the Cass Business school site to know more.
This courses make no sense because u have to clear after or before this course even the exempted ones. This course is not worth it.
 

David.Wan

Member
C++ Student
No they are completely different. The only slightly common factor is math. Actuary is business people doing math while Quant is mathematician writing code or computer scientist doing math :)

Also if you think further actuarial exams are difficult then I have doubt if you can make it through the quant interview process.
 
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