What Else Do I Need to Know To Become a Good Actuary

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Discussion Overview

The discussion revolves around the educational requirements and skills necessary to become a successful actuary. Participants explore various subjects and competencies beyond mathematics that may contribute to a career in actuarial science.

Discussion Character

  • Exploratory, Conceptual clarification, Debate/contested

Main Points Raised

  • One participant inquires about additional subjects or courses needed to excel as an actuary, indicating that mathematics alone is insufficient.
  • Another participant emphasizes the importance of a strong foundation in probability and statistics, along with knowledge in microeconomics, macroeconomics, and game theory, noting that the specific topics can vary widely.
  • A different viewpoint suggests that while a good mathematical background is necessary, being a professional and a good businessperson is equally important, although these skills may not be taught in dedicated classes.
  • One suggestion includes joining a communication club like Toastmasters to develop public speaking and presentation skills, reinforcing the idea that actuaries need to be effective communicators.
  • Another participant recommends taking computer science classes to gain skills in software that may be beneficial for mastering actuarial tools.
  • A more philosophical comment encourages reflection on personal ambition in relation to the career choice.
  • One participant states a firm commitment to pursuing Actuarial Science as a career alongside mathematics.

Areas of Agreement / Disagreement

Participants express a range of views on the necessary skills and subjects for becoming a good actuary, indicating that there is no consensus on a definitive list of requirements. Multiple perspectives on the importance of business acumen, communication skills, and technical knowledge coexist.

Contextual Notes

Some participants note that the specific subjects and skills required may vary based on individual career paths and personal strengths, highlighting the subjective nature of the discussion.

Who May Find This Useful

Individuals considering a career in actuarial science, students exploring relevant subjects, and professionals seeking to enhance their skill set in the field may find this discussion beneficial.

yik-boh
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What other subjects/courses do I need to be a good Actuary? I know that Math is not the only thing I will need in order to be successful in this career. I just want to know what other course/subjects do I need to look on to if I want to be a good Actuary. Thanks! :)
 
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As you may be already aware, actuary deals with study of uncertainty, anything that is related to uncertainty involves probability & statistics. So you need to have a decent background in Math, Statistics, Probability, Microeconomics, Macroeconomics, Game Theory and metrics. The specific topic varies widely.
 
Statistics and probability will go a long way with the exams. However, having a good mathematical background is necessary but not sufficient to be a good actuary. You need to be a professional and a good businessperson. Those are skills you can work on in school, but don’t have a dedicated class.
 
Get involved in a communication club like Toastmasters and practice public speaking and presentations.

Like Locrian said you are a professional business person, not your standard mathematician.
 
Look into some computer science classes too, besides Maths, Statistics, Economics and certain Finance classes. Skilled at using simple softwares could be useful for you, giving you advantage to master the actuarial softwares faster.
 
Step back and take a pensive moment to ponder where your ambition went.
 
I've set Actuarial Science as my firm career choice other than Maths.
 

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