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Is any of these two Actuarial classes related to MFE?

Jakestale

Jakestale

Joined
11/14/13
Messages
4
Points
11
Still undergraduate, majoring BS in Theo Math and BS in Actuarial Science. Now I am scheduling the class for the spring. I am hesitating between the Life contingency and Loss Model. They are both required Actuarial class but I hope I could take one more related to MFE. Is there anyone could tell which could help more? I will appreciate it. :)
 
well, since @aaronhotchner pointed it out, op may consider drop the actuary major and pick up some comp sci classes. imho mlc is only needed AFTER u work as an actuary fulltime. i got offered an actuary job with only 2 exams passed and no knowledge of anything beyond p and fm
 
IntoDarkness said:
well, since @aaronhotchner pointed it out, op may consider drop the actuary major and pick up some comp sci classes. imho mlc is only needed AFTER u work as an actuary fulltime. i got offered an actuary job with only 2 exams passed and no knowledge of anything beyond p and fm
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Yeah, I know that Actuarial science is not so related.
Actually at first I am going to take Actuarial/Financial Math dbl, but unfortunately, it requires too many additional classes. I also considered about CSE/FinMath, but majoring in CSE usually needs 2.5 yrs to graduate. As a junior, time grows too short.

Two reason could explain why I take the dlb between theoretical math and actuarial
1. These two combinations could include most pre-course needed for the MFE, like probability, calculus, ODE, PDE, C++, Matlab, linear algebra, basic stochastic, and some Black Scholes.

2. True, some classes is waste of time and useless for MFE, for example, abstract algebra, introductory analysis or loss model. But considering that a GRE sub require some knowledge of abstract and analysis, maybe taking these "useless" class could help to perform better on GRE sub. (Loss model/ life contingency seems to be totally useless lol)

Actually in my second yr in college, I declared as a financial math majored, but just two months ago I turned to be a dbl because that finMath class is too short and that I am not kind of person who like to graduate early lol. But your advice is so helpful and it made me rethink my decision. Which one do you think is more competitive, a TheoMath dbl w/ Actuarial Science or a single major of financial mathematics with some related courses (something like Econometrics?)

I am so appreciating your advice. :)
 
aaronhotchner said:
MLC is pretty far removed from financial engineering.
Click to expand...

Yeah I agree with you.
To be honest, I want to take the dbl between TheoMath and FinMath, but unfortunately, our department don't allow such dbl :( . Thus I have to take the Theo and Actuarial.
 
Jakestale said:
Yeah, I know that Actuarial science is not so related.
Actually at first I am going to take Actuarial/Financial Math dbl, but unfortunately, it requires too many additional classes. I also considered about CSE/FinMath, but majoring in CSE usually needs 2.5 yrs to graduate. As a junior, time grows too short.

Two reason could explain why I take the dlb between theoretical math and actuarial
1. These two combinations could include most pre-course needed for the MFE, like probability, calculus, ODE, PDE, C++, Matlab, linear algebra, basic stochastic, and some Black Scholes.

2. True, some classes is waste of time and useless for MFE, for example, abstract algebra, introductory analysis or loss model. But considering that a GRE sub require some knowledge of abstract and analysis, maybe taking these "useless" class could help to perform better on GRE sub. (Loss model/ life contingency seems to be totally useless lol)

Actually in my second yr in college, I declared as a financial math majored, but just two months ago I turned to be a dbl because that finMath class is too short and that I am not kind of person who like to graduate early lol. But your advice is so helpful and it made me rethink my decision. Which one do you think is more competitive, a TheoMath dbl w/ Actuarial Science or a single major of financial mathematics with some related courses (something like Econometrics?)

I am so appreciating your advice. :)
Click to expand...
srsly, u dont have to major in math to study math, and imho devoting too much time for unrelated topics just for the sake of double major isnt recommended. i picked the ezest econ major at my school to keep my grades high while cherry picking the math and cs classes that will make me relevant in the quant job market. thus i graduated with a b.a. econ degree and a bunch of math and cs classes now working as the only quant without any advanced degrees in my group.

if i were u still in college, i would focus more on how to find the rite junior summer internship and finally fulltime quant role directly without going through the master program. thus u will have better understanding of the career and industry and wat u really wana do. if ur so convinced that quant is for u and wana obtain more advanced knowledge after some years of experience, u go back to a good quant school, which will open a lot more doors and help u discover some interesting career fields u didnt know before.
 
IntoDarkness said:
srsly, u dont have to major in math to study math, and imho devoting too much time for unrelated topics just for the sake of double major isnt recommended. i picked the ezest econ major at my school to keep my grades high while cherry picking the math and cs classes that will make me relevant in the quant job market. thus i graduated with a b.a. econ degree and a bunch of math and cs classes now working as the only quant without any advanced degrees in my group.

if i were u still in college, i would focus more on how to find the rite junior summer internship and finally fulltime quant role directly without going through the master program. thus u will have better understanding of the career and industry and wat u really wana do. if ur so convinced that quant is for u and wana obtain more advanced knowledge after some years of experience, u go back to a good quant school, which will open a lot more doors and help u discover some interesting career fields u didnt know before.
Click to expand...

Your advice helps a lot lol
Thx so much. :)
 
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