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Actuaries in unconventional fields

S

slayedit

Member
Hi,

I was going through the list of practice areas in which actuaries can work, and three of ones that struck me most were Finance, Investments and energy.

What roles do actuaries play in these fields?
Any tips for young minds who are starting off their career now would be of great help!

Thanks & Regards,
slayedit
 
Any insights on this from any senior or experienced persons?

Or else, can you connect me with someone in the same field so that i may know more. Kindly message me if you are willing.

Thanks,
regards
sD
 
Actuaries can do anything as long as it has to with some kind of predictive models. Any of the fields you mention are included.
However, you might not be called an actuary anymore :). Maybe becoming a FIA gives you the right to call yourself an actuary irrespective of your area of work.
 
Uroš said:
Actuaries can do anything as long as it has to with some kind of predictive models. Any of the fields you mention are included.
However, you might not be called an actuary anymore :). Maybe becoming a FIA gives you the right to call yourself an actuary irrespective of your area of work.
Click to expand...

So is actuarial science all about predictive modeling?

Institute's website does not say so. They have written that actuaries can work in finance field as well, and do work like financial reporting. This does not really require any predictive modeling!

Here's the link to the IFoA's website for work area of Finance and Investments:
https://www.actuaries.org.uk/practice-areas/finance-and-investment/about-finance-and-investment

Would like to hear from you!
Thanks anyway!

Regards,
Shyam
 
slayedit said:
So is actuarial science all about predictive modeling?

Institute's website does not say so. They have written that actuaries can work in finance field as well, and do work like financial reporting. This does not really require any predictive modeling!

Here's the link to the IFoA's website for work area of Finance and Investments:
https://www.actuaries.org.uk/practice-areas/finance-and-investment/about-finance-and-investment

Would like to hear from you!
Thanks anyway!

Regards,
Shyam
Click to expand...

I do not know a lot of people who would aspire to work in financial reporting. Actuaries are mostly used to provide the results from the models to be able to fill the reporting templates with numbers :).
 
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