Investment banking VS Actuarial

i'm kinda stuck on which one is 'better' - in terms of pay, working hours, and the job itself i.e whether it is really repetitive or not? Any information wouuld be really helpful

im doing gonna maths, further maths, economics, chemistry and biology or french (havent decided between bio and french yeet)

I looking to do maths and econommics at uni or possible actuarial science - but first i need a proper understanding of the 2 careers as a job.

I've gonu have work experiance in an actuarial firm - couldnt find experiance for investment banking - but it will still gimme a good insight.

i love it when people compare something vs IB. Look at it this way, investment banks only target top 6 universities.

So, JanaT what uni are you at? It might be that quite simply there is no chance of you getting into IB (FO/MO), which leaves acturial as the only career option open to you.

here are my reasons for working in IB:

prestige
exclusivity
elitism
can retire by the age of 30
no more exams
a fancy card with your name on it
opportunity to pilfer some quality stationary
people are in awe when you tell them what you do
travel around the work in 1st class (on the firm's account that is)
adrenaline rush(es)
surrounded by people as intelligent as you are
the fact that I got in whereas 5000 others didn't. <- now thats priceless

oh and by the way, starting salaries for IB (FO) range from 36,000 - 40,000. 1st year bonuses range from 20,000 - 60,000 on top of your salary (don't think that acturial pays any bonuses at all).

hope this helps.

ps. you might also consider consultancy, its more interesting than acturial but pays the same as IB (although its much harder to get into than IB)

I will give you the reasons why I have chosen actuarial over IB:

1) The working hours are better
2) There is a lot more job security, you do have to pass your exams but you usually get 2 goes before they sack you so it's not as bad as accountancy. Also they don't regularly get rid of the worst performing people.
3) Once you become a fellow you will never be out of a job.
4) It uses a lot more maths than IB so you will actually use what you learn in your degree.
5) The pay is still not bad starting at around £30k and rising with every exam pass.

So you don't need to take any more exams? That sounds pretty good!

i love it when people compare something vs IB. Look at it this way, investment banks only target top 6 universities.

So, JanaT what uni are you at? It might be that quite simply there is no chance of you getting into IB (FO/MO), which leaves acturial as the only career option open to you.

here are my reasons for working in IB:

prestige
exclusivity
elitism
can retire by the age of 30
no more exams
a fancy card with your name on it
opportunity to pilfer some quality stationary
people are in awe when you tell them what you do
travel around the work in 1st class (on the firm's account that is)
adrenaline rush(es)
surrounded by people as intelligent as you are
the fact that I got in whereas 5000 others didn't. <- now thats priceless

oh and by the way, starting salaries for IB (FO) range from 36,000 - 40,000. 1st year bonuses range from 20,000 - 60,000 on top of your salary (don't think that acturial pays any bonuses at all).

hope this helps.

ps. you might also consider consultancy, its more interesting than acturial but pays the same as IB (although its much harder to get into than IB)

i love it when people compare something vs IB. Look at it this way, investment banks only target top 6 universities.

So, JanaT what uni are you at?

Im doing GCSEs now, and for A-level taking maths, economics, chemistry, french and further maths - i know im looking quite ahead, but i just want to know the +ves and -ves of both jobs - by the way which 6 unis are you talking about

Rubbish mate, anyone from any uni can get into FO, and have gotten into FO, its more about how impressive the person is than the uni

I would say oxford, cambridge, lse, imperial, warwick and ucl.

i love it when people compare something vs IB. Look at it this way, investment banks only target top 6 universities.

So, JanaT what uni are you at?

Im doing GCSEs now, and for A-level taking maths, economics, chemistry, french and further maths - i know im looking quite ahead, but i just want to know the +ves and -ves of both jobs - by the way which 6 unis are you talking about

i wish that was the case mate (as my uni isn't exactly the creme de la creme ), but there has to be a bottom line somewhere.

I think banks have a minimum requirements system, so when someone selects a university say, for example, Manchester Uni (which is socially awesome), they'll get automatically rejected because the banks might only want students from traditionally strong universities (can't be bothered to list them all- but unis that are always in top 10).

so no matter how good a person someone is, the hard truth is, they'll get rejected before they even get to speak to the recruiters.

What I know someone did (and it worked) was to select 'Other', whenever 'other' is selected is gets through the automatic screening process because the student could be from a foreign university.

why do people from below top 10 unis land 1st round interviews at BBs?

And regarding the other, what if you get in and they ask, so why did you put other, Manc Uni was there? Wont you look more stupid lol? For me that would be an option tbh, because im hoping to go to Cass Business School, but the uni would be City which is not that good, bah.