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    Answer this
    1) who earns more
    2) who has a better lifestyle
    3) which ones harder to get
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    1) Banker
    2) depends on what you mean
    3) Banker but if you're bad at maths then actuary
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    (Original post by Trapz99)
    1) Banker
    2) depends on what you mean
    3) Banker but if you're bad at maths then actuary
    Would reverse the last one

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    (Original post by Princepieman)
    Would reverse the last one

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    I don't understand. Surely banking is harder to get into?
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    (Original post by Trapz99)
    I don't understand. Surely banking is harder to get into?
    Depends on the degree you did. If you do something like maths at a top uni you comparatively walk into an actuary job easily, probably more of a level playing field if you haven't done a degree in something highly quantitative.*
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    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.
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    (Original post by Trapz99)
    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.

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    (Original post by Princepieman)
    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.

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    Yeah I was saying that if you're bad at maths then actuary would be harder to get into
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    (Original post by Trapz99)
    Yeah I was saying that if you're bad at maths then actuary would be harder to get into
    Ah, read it out of context my bad

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    (Original post by Terry Tibbs)
    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.
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    (Original post by Terry Tibbs)
    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.
    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.
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    (Original post by Trapz99)
    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.
    Exemptions make it easier but it's only a few exams you get exempt from and they're only the core exams which you do before the harder specialist exams.

    (Original post by Noble.)
    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.
    At a Big 4 firm you'll work a lot longer than that but for most other firms 40 hours a week is pretty standard as a graduate, some firms even say 35 hours a week is normal. Yeah as I said studying for exams will take up a lot of time outside of work but you also get days off to study which can be as much as 4 weeks off in total throughout the year.
 
 
 
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