Hello, Which carreer is better ? and who do you think is paid better ? Actuaries or Financial Eng ?
Going into a career solely by its pay is potentially a costly mistake. I have encountered a few people in MFE program from actuary background. The common theme I heard is that they found it boring, tedious or not challenging. Is it their way to say they want more money, I don't know.
My suggestion would be to find out exactly each career entails. Financial Engineering is board and you can be anyone from risk manager to trader, portfolio manager, quant, developer. Each role definitely has its own excitement, challenges and salary potential.
Are you sure examinations are the best way to do this (over say revising some book and getting your hands dirty with some raw coding)? And if yes, have you considered the possibility of other examinations?That is what I was thinking. I have had a very tough time finding direct related work experience in Miami. So I figured while I am stuck here I might as well refresh my financial background and improve on math and probability. Plus the 3rd exam (MFE) is related to derivatives and the math behind it. ---- I really love those topics.