Banker or actuary

1) Banker
2) depends on what you mean
3) Banker but if you're bad at maths then actuary

Would reverse the last one

Posted from TSR Mobile

I don't understand. Surely banking is harder to get into?

I don't understand. Surely banking is harder to get into?

Was more aiming at the 'if you can't do maths' bit, arguably you'd need to be able to do maths much more so to pass the constant barrage of actuarial exams.

Posted from TSR Mobile

Yeah I was saying that if you're bad at maths then actuary would be harder to get into

In terms of the hours worked and salary actuary is one of the best jobs out there and is a lot easier to get into than banking as long as you're good at maths. You'll start on a salary of around 30k working 40 hours a week which will go up to 50k when you become qualified and then 6 figures later in your career.

The problem is it takes on average 5 years to qualify after passing hard exams with low pass rates which takes up a huge chunk of your free time to study for, most people give up before becoming qualified. The work is also pretty damn boring and there aren't really any "exit opportunities", you'll pretty much be stuck doing the same thing for the rest of your life.

In terms of the hours worked and salary actuary is one of the best jobs out there and is a lot easier to get into than banking as long as you're good at maths. You'll start on a salary of around 30k working 40 hours a week which will go up to 50k when you become qualified and then 6 figures later in your career.

The problem is it takes on average 5 years to qualify after passing hard exams with low pass rates which takes up a huge chunk of your free time to study for, most people give up before becoming qualified. The work is also pretty damn boring and there aren't really any "exit opportunities", you'll pretty much be stuck doing the same thing for the rest of your life.

But if you do a degree like MORSE or actuarial science or Maths with Stats then you can qualify a bit more easily since the uni modules that give you exemptions are often a bit easier than the actual actuarial exams, or so I've heard.

Don't know many junior actuaries only doing 40 hours a week, you also have to factor in the shed load of hours they generally have to put in studying outside of work hours.