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Thread: PhD in Applied Mathematics with Actuarial Exam

  1. #1
    Actuary.com - Level I Poster
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    PhD in Applied Mathematics with Actuarial Exam

    Hello,

    I am currently pursuing PhD in Applied Mathematics and will be completing in Summer 2009. I have already passed exam P/1 about an year ago and planning to take the exam FM this Fall. I have a Bachelor's Degree in Computer Science and Masters degree in Applied Statistics.

    Since I do not have any actuarial jobs experience (no internship or full time), I will be applying for Entry Level jobs next year. My question :- Will I be considered overqualified for these jobs because of the PhD or it will not matter?

    Sincerely,
    Anjali

  2. #2
    Actuary.com - Level III Poster
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    In my opinion, no actuarial firm will care at all whether you have the Ph.D. or not. The only concern is that your salary demands might be too high, and that may make it difficult to get a position.

  3. #3
    Actuary.com - Level I Poster
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    Thumbs up

    Thanks:smiloe:

  4. #4
    Actuary.com - Level II Poster
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    I work with a guy who has a Ph.D. in physics. He's also an ASA. I don't think he even uses the credential on the reports he signs (we work in pension consulting.)

  5. #5
    Actuary.com - Level I Poster
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    Thumbs up

    That is actually a relief. I was scared that my application would not be even considered coz of PhD.

    Thanks for the info.

  6. #6
    Actuary.com - Level IV Poster binky_4me's Avatar
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    my senior mgr has a phd and is always complaining about how if he knew he would end up on this field he wouldn't have gotten it. :laugh: but it didn't make a difference one way or the other as far as him being hired.
    binky

  7. #7
    Actuary.com - Posting Master
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    Some employers might be reluctant to hire PhDs solely because they are not sure you want to do actuarial work vs. you not being able to find a teaching/research position. Inevitably the question will come up during one of your interviews (maybe even all) regarding what made you get a PhD and why are you now considering actuarial work? When you get hired, a company invests a lot of money training you and supporting your exam passing, etc. so how do they know that 2, 3, ... years down the road you wouldn't switch back to academia and leave them? You might want to have an answer ready. Just my .02

  8. #8
    Actuary.com - Level V Poster
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    Emphasize the exams, downplay the PhD (which isn't a negative, but exams are MUCH more important). Good Luck!
    I thought this WAS a real job

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