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Type: Posts; User: pepper2000; Keyword(s):

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  1. Replies
    2
    Views
    1,596

    I can't imagine any reason why not to do that. ...

    I can't imagine any reason why not to do that. The worst that could happen is that you don't get the job, which is the same outcome that would result if you did nothing.

    Considering how long it...
  2. Replies
    9
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    8,674

    There have been a number of comments about the...

    There have been a number of comments about the state of the actuarial job market. Those comments should be backed by informed data.

    http://www.bls.gov/oco/ocos041.htm

    According to the Bureau...
  3. I would say that you should have solid computer...

    I would say that you should have solid computer skills--MS Access, MS Excel, and a programming language--and more exams are better. You definitely should start studying for a third exam, and it...
  4. You certainly want to apply for as many positions...

    You certainly want to apply for as many positions as you can, but also be aware of the distinctions between life, health, and casualty, as well as the differences between consulting, insurance, and...
  5. Let's be clear here. You're not "stupid" if you...

    Let's be clear here. You're not "stupid" if you struggle with the exams. These are challenging tests and are not for everyone, and even successful actuaries struggle. And if you have trouble with...
  6. It's a matter of priorities. If it's not...

    It's a matter of priorities. If it's not important enough to you to invest the effort, then don't do it. Pursue some other career. Actuarial work is for people who are genuinely interested in the...
  7. Replies
    2
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    2,666

    What is the probability that everyone chooses...

    What is the probability that everyone chooses differently?

    After the first choice, there's no problem. After the second choice, there is probability 199/200 that they are different. Given that...
  8. Replies
    1
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    3,451

    Poll: Stateline had an interest article recently about...

    Stateline had an interest article recently about New Jersey's budget situation, nothing that the Christie administration has continued the tradition of piling on the unfunded pension liabilities.
    ...
  9. Replies
    7
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    2,464

    Yes, and that's fine. The cover letter goes into...

    Yes, and that's fine. The cover letter goes into more depth than the body of the e-mail. A sample e-mail might look something like this.

    Dear (name),

    I am writing to inquire about actuarial...
  10. I'm glad to help. It looks much better now,...

    I'm glad to help. It looks much better now, though here are a few more thoughts.

    - A word from the grammar police: a split infinitive, such as "to clearly explain", is controversial. If you...
  11. I'll make a few comments about your resume. Look...

    I'll make a few comments about your resume. Look through some other posts in the forum, and you will find some answers to other questions.

    First, I do think you should make a good candidate (I...
  12. Replies
    3
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    2,144

    The answer to your question is "maybe". Some...

    The answer to your question is "maybe". Some employers require good programming skills, some like it, and some don't care. I recommend putting any reasonable programming experience on your resume,...
  13. Replies
    7
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    2,464

    I can't answer your question about visas. As for...

    I can't answer your question about visas. As for cover letters, I prefer to have the cover letter be in a separate file, and have a small amount of text for actual e-mail. The reason is that if the...
  14. Thread: rounding

    by pepper2000
    Replies
    2
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    1,804

    It's impossible to answer that question without...

    It's impossible to answer that question without context. But in general, use at least two digits more than you think you need for intermediate calculations.
  15. Replies
    7
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    2,464

    I think that it's good to send an e-mail, with...

    I think that it's good to send an e-mail, with cover letter and resume (perhaps combined into one document), inquiring about internship opportunities. Some companies get so flooded with applications...
  16. With creative marketing, even things that seem...

    With creative marketing, even things that seem unrelated to actuarial work can actually be useful selling points. For example, a consultant dealing with clients needs many of the same skills as a...
  17. As a counterpoint, I suspect that if you got an...

    As a counterpoint, I suspect that if you got an interview, that company has probably decided that they would be satisfied bringing a sophomore on. It's probably better to focus on the interview...
  18. Replies
    7
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    2,664

    Congratulations. Generally, if you've made it as...

    Congratulations. Generally, if you've made it as far as an in-person interview, the company has probably already determined that you have the technical qualifications for the job. They are probably...
  19. Replies
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    1,588

    Oh yes, I understand now. I took FM last...

    Oh yes, I understand now. I took FM last February and had forgotten about that.

    The idea is that the market price of a bond should not suddenly drop when a coupon payment is made, and so the -...
  20. I didn't verify the numbers, but that approach...

    I didn't verify the numbers, but that approach looks right to me.
  21. Replies
    4
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    1,588

    Imagine for a moment that the bond is sold 3...

    Imagine for a moment that the bond is sold 3 years, 6 months before maturity, immediately after the payment. You know what payments are yet to be received (400 every 6 months up to 3 yr 6 mo plus...
  22. Replies
    12
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    6,695

    That's quite a story. It takes guts to be so...

    That's quite a story. It takes guts to be so persistent, and it goes to show what some persistence can accomplish.
  23. Replies
    3
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    2,196

    I might know you. I graduated from the UW math...

    I might know you. I graduated from the UW math program last spring and have been looking to be an actuary. My research area is combinatorics. Let me know if this rings a bell.

    I doubt that...
  24. Replies
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    2,664

    Those are questions that no one else can answer. ...

    Those are questions that no one else can answer. I just passed my third exam and will soon have to decide if I want to take on a fourth. Oregon's next legislative session is coming up, and so I am...
  25. Replies
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    2,285

    OK, now we're past the exam window. I wanted...

    OK, now we're past the exam window.

    I wanted to try to calculate the nonparametric Buhlmann credibility estimate of my score, based on my first two exams, but I don't think there's enough data...
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