Hi,

I've been working as a life actuary for about a year, and am interested in switching career paths to the MFE track. I've completed most of the preliminary actuarial exams, which are fairly intensive on stats and random walk/Gaussian finance (the third exam involved conventional derivatives pricing). Took Shreve's graduate stochastic calculus and some other derivatives-centric courses as an undergrad as well.

I'm looking at taking the GRE later this year, but am not sure whether it would be worthwhile doing the CFA level 1 as well. Many applicants of my acquaintance who have taken the CFA 1 are in one of two camps: physics majors or finance majors who feel they need a more rigorous credential, both of which generally are looking to do the MFE immediately after undergrad. Actuarial is by no means a substitute for a strong undergrad math/physics, but it seems to me that that the professional experience might outweigh that credential.

I've been working as a life actuary for about a year, and am interested in switching career paths to the MFE track. I've completed most of the preliminary actuarial exams, which are fairly intensive on stats and random walk/Gaussian finance (the third exam involved conventional derivatives pricing). Took Shreve's graduate stochastic calculus and some other derivatives-centric courses as an undergrad as well.

I'm looking at taking the GRE later this year, but am not sure whether it would be worthwhile doing the CFA level 1 as well. Many applicants of my acquaintance who have taken the CFA 1 are in one of two camps: physics majors or finance majors who feel they need a more rigorous credential, both of which generally are looking to do the MFE immediately after undergrad. Actuarial is by no means a substitute for a strong undergrad math/physics, but it seems to me that that the professional experience might outweigh that credential.

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