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Hi J Warren,there are also opportunities that blur the boundaries between actuary and quant. For example, recently structuring teams within investment banks are hiring people with actuarial/financial engineering backgrounds to structure products to meet the needs of life insurance companies.Within life insurance companies themsevles, some actuaries have equipped themselves with MFEs to move into asset-liability management positions where they model interes-rate risks among other things.I agree with Connor in that many PhD programs provide full funding for their students.There are also more affordable and excellent MFE programs like Baruch's.If you do not want to endure through 4 to 5 years of PhD work or can't afford expensive MFE programs, there is always this option of getting a related Master's in Applied Math where you get to learn advanced math and also programming.
Hi J Warren,
there are also opportunities that blur the boundaries between actuary and quant. For example, recently structuring teams within investment banks are hiring people with actuarial/financial engineering backgrounds to structure products to meet the needs of life insurance companies.
Within life insurance companies themsevles, some actuaries have equipped themselves with MFEs to move into asset-liability management positions where they model interes-rate risks among other things.
I agree with Connor in that many PhD programs provide full funding for their students.
There are also more affordable and excellent MFE programs like Baruch's.
If you do not want to endure through 4 to 5 years of PhD work or can't afford expensive MFE programs, there is always this option of getting a related Master's in Applied Math where you get to learn advanced math and also programming.