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    (Original post by CD315)
    Ah yes - I never tend to believe the info I read online unless I hear it from someone with experience! Thanks though.

    Do you work in pensions or insurance? I've been gaining interest in the role of actuarial work in the investment and banking industry - although most people seem to be in the pensions or insurance roles.
    I'm in pensions. The investment/banking industry actuaries probably mostly started out in pensions, though graduate scheme positions in investment are becoming more available (my company has started taking on graduates in that area). Actuaries in banking would have gone into ERM (enterprise risk management), which again is something that pensions actuaries are prooobably more likely to branch out into. My firm has an ERM team, though it doesn't yet take on new grads. It's a relatively new field.

    I have to say, I think it's a pretty ace career choice (unless you hate maths of course).
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    youve got a choice between a boringly soul crushing job number crunching or a nervous break down inducing one on the trading floor... i dont envy your choice but personally id go for IB more fun [relative], more progression and higher pay [if you do well]
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    (Original post by Jelkin)
    I'm in pensions. The investment/banking industry actuaries probably mostly started out in pensions, though graduate scheme positions in investment are becoming more available (my company has started taking on graduates in that area). Actuaries in banking would have gone into ERM (enterprise risk management), which again is something that pensions actuaries are prooobably more likely to branch out into. My firm has an ERM team, though it doesn't yet take on new grads. It's a relatively new field.

    I have to say, I think it's a pretty ace career choice (unless you hate maths of course).
    The investment side of it almost seems like a healthy alternative to IB, with a bit more maths? Which is good of course.

    At the minute I'm stuck between choosing an actuarial science degree or a maths one, and I really am stuck
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    Depends if you want hard work and lots, or low stress. Actuary pays little compared to heavy banking jobs at London, but is low stress. Anyways, I am interested in becoming and actuary too. I spoke to a guy from HFG (one of the top London recruiting firms) and he said eople with their 8 exemptions from a top university could easily be looking at £30,000-£40,000 as a trainee, and fully qualified earn a considerable amount more.

    That said contract work as an actuary is brilliant. £800-£1,200 a day is a fairly tasty wage.

    I can't really say much for other types of banking, but from what I've heard from people doing work experience and stuff, the money is to make up for the hours. A guy from Cass doing his placement year was doing from 7.00-8.00 (13 hours) a day, but that was hedge funds, and very good pay. If I am wrong, someone please correct me, but from what I can gather, it all really depends on your response to stress, and how hard you like to work
 
 
 
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