In the current economy, how competitive are actuarial jobs?

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  • Thread starter glbhuo
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I am considering switching to a math major with a track in actuarial science (curriculum here https://catalog.louisville.edu/undergraduate/majors/mathematics-bs/#trackrequirementstext), with a minor in computer science (since that will only take me 2-3 more classes). I was wondering, given the economy's current conditions, how competitive actuarial jobs are, and how useful the actuarial track that I linked to is?
 

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Let me adjust your question slightly - I think you're asking how competitive entry level actuarial jobs are. The answer is that they are fairly competitive; not as bad as top investment bank, but certainly not easy. This has been the case for roughly thirty years; many people see the money actuaries make and are interested in the career, but many who start the exam process fail out. So you end up with a situation where employers are advantaged at entry level and candidates have the advantage at the credentialed/experienced level.

The big question you should be asking yourself is how quickly you can pass exams. What do you know about them? Have you passed any yet? 2 - 3 are practically required these days to get an entry level job.
 
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