This article quickly cheered me up!
Full TXT:
https://archive.vn/UTmFQ
People become actuaries when they don’t have a good enough personality to be an accountant.
I suspect the ‘job’ has become almost impossible to handle recently. Much due to regulation and inability to predict what the almighty govt will be doing next cycle.
It would have been a good science 40 years ago, but today, forget it.
John Hancock offered to hire me 58 years ago to become an actuary. I turned it down as stifling. The money would have overcome lots of stifle.
another guy and myself were insured by our lodge for five years due to inherent vice, and we were NOT the oldest in the lodge, but, well...
The lifetime of a printer costing $200 is exponentially distributed with mean 2 years. The manufacturer agrees to pay a full refund to a buyer if the printer fails during the first year following its purchase, a one-half refund if it fails during the second year, and no refund for failure after the second year. Calculate the expected total amount of refunds from the sale of 100 printers.
It would sort of be interesting to know the percentage of actuaries who are fully vaxxed.
“They must pass 10 exams plus other coursework and requirements.”
Egads! TEN exams? Makes you wonder why there are any actuaries. They must be making $250,000 per year or more to endure with that credentialing system.
The difference between an introverted actuary and extroverted actuary is the extraverted actuary looks at your shoes.
These credentialing schemes have the effect of maintaining high salaries. I’m not saying they’re not needed, but that is the effect.
I say we need to have an Olympics of the Mind type competition between actuaries and epidemiologists.
In the 1990’s the Actuaries regularly had the best jobs in terms of emotional and financial security. Yes, everyone needs Actuaries. Accountants are super talented, too.
You lucky stiff. You can keep warm for almost a whole night with a good lump of coal.
Everyone in IT agreed that it was much better for the future of humanity that actuaries never wrote their own code. Invariably, bizarre and unreadable programs resulted.
One of the AVP’s in the actuarial department took a liking to me, and asked my manager if I would be interested in taking the actuarial exams. I gently sidestepped that - and ended up making more money in IT a few short years later during the dot com boom than I ever would have as an insurance company actuary. Those were the good old days… :)
I predict that theses actuary positions are high candidates for AI replacement.
WHy are people such babies nowadays? An article about how they got their feelings hurt when they failed a test? All i can do is shake my head. This country is circling the drain thanks to woke effeminates.
My son has a masters in Statistics and works for an insurance company, and has taken several of these Actuary tests. He is on his fifth or sixth installment, and this past November for the first time he failed the test.
He retakes it in April.
My friend’s wife is an actuary and she said its incredibly difficult to get the credentials.