/r/actuary

Photograph via snooOG

Subreddit for actuarial professionals, students and interested (innocent) bystanders. Note that this subreddit is primarily US/CAN focused, however all countries are free to participate.

Articles and links of interest to those in the actuarial profession.

If you don't see your submission in the New Queue, it may have been removed by the auto-spam filter. Use the link below to message a moderator to check. Don't resubmit the same thing!

Filters

Only threads with job/resume tags

Only threads without job/resume tags

Only threads with exam tags

Only threads without exam tags

Only threads with image tags

Only threads without image tags

More tags coming soon!

Links for New Actuaries

Be An Actuary

Actuarial FAQs

General Links

Greasemonkey LaTeX script for producing math symbols. Thanks, /r/math!

Actuarial Lookup

Actuarial Lookup (UK)

Professional Bodies

Society of Actuaries (US)

Casualty Actuarial Society (US)

American Academy of Actuaries (US)

ASPPA College of Pension Actuaries (US)

Conference of Consulting Actuaries (US)

Institute and Faculty of Actuaries (UK Profession)

Canadian Institute of Actuaries

Society of Actuaries in Ireland

Actuaries Institute (Australia)

Institute of Actuaries of India

Related

/r/ActuaryUK

/r/ActuaryAustralia

/r/math

/r/statistics

Flair

Users can now set their own! Use the "(edit)" link next to your name above.

Superscripts and Subscripts

*_subscript_* 

makes subscript

*`superscript`* 

makes superscript

*_sub_`sup`* 

makes subsup

Remember we have FAQs that can help answer common questions!

/r/actuary

55,636 Subscribers

0

Exam 5 & 6

Having learned all of the exam 5 material, is it possible/realistic to practice for exam 5 and learn the exam 6 material over 6 months in order to pass both exams in the same sitting?

1 Comment
2024/10/22
02:53 UTC

2

ATPA Resources

I’m looking to suffer my way through the two advanced modules for the current sittings. Next exam is either PA or ALTAM/ASTAM in April and I just sat for PA last week. Trying to figure out if I can get by with the SOA module resources or if I’d need to buy any of the additional study products. Any recommendations? Definitely looking for the path of least resistance here

1 Comment
2024/10/22
02:25 UTC

2

Exam 5 vs 6

For those who found exam 6 harder than exam 5; could you explain why? I'm about to study for exam 6; not really sure why it's harder? Isn't it just a lot of memorization? Exam 5 was so much "learning how to do"

3 Comments
2024/10/22
00:30 UTC

3

Atpa results

For folks that took the last sitting when does everyone expect to get the results? i asume October 31st but you think potential for this week? This is my very last requirement for asa so I like to know if I get my letters haha

3 Comments
2024/10/22
00:11 UTC

2

Issue with purchasing FAP Modules

Anytime when I try to purchase FAP Modules, it gives me error message: Address information is missing.

I am pretty sure there is no place to enter address and I never had this issue with past purchases.

Anyone else having similar issue or know how to fix it? I did submit a ticket but haven't heard back.

https://preview.redd.it/jkr3f3ut17wd1.png?width=1186&format=png&auto=webp&s=018219e4bd64f0415cc22d1ec3904358961f12fe

0 Comments
2024/10/21
23:27 UTC

2

Candidate ID #

Having major exam brain fog 😅 can someone remind me how we know our candidate ID # come exam day? Thanks!

2 Comments
2024/10/21
18:11 UTC

3

Roast my Resume - Trying to get Grad Jobs (Australia)

2 Comments
2024/10/21
17:45 UTC

5

Exam 6 Answer Format

On Exam 6, it seems like every time that numbers are given to use in a problem, they are given in thousands or millions. To get full credit in answers, it necessary to convert a number like 12.5 (in thousands) to $12,500?

2 Comments
2024/10/21
17:16 UTC

8

Exam ASTAM Thoughts

Hey guys, I'm taking ASTAM in a couple of days. Idk if it just me but this exam seems extremely daunting. Practice exams have been rough for me too. How do yall other test takers feel?

If there also any previous test-takers that could provide any insight, that would be great

11 Comments
2024/10/21
17:07 UTC

13

Feeling Underpaid

I am an ASA with close to 2 YOE in a life firm. I still earn under 100k and I just looked at the DW salary survey and saw that ASAs with close to 2YOE are earning a little over 100k on average. Am I being underpaid?

33 Comments
2024/10/21
14:44 UTC

2

QFI QF pass score

Hi all, I am preparing the exam QF on Oct 24th and only get 35/70 in 24 spring exam, it is possible to pass the exam ? what should I do to raise the score ?

5 Comments
2024/10/21
14:40 UTC

12

For those who have taken Exam PA in the past

Did you leave questions blank? If so, did you pass or fail?

I.e. is it possible to pass despite running out of time and leaving a few questions blank?

7 Comments
2024/10/21
14:03 UTC

15

Failing an exam

Hello everyone, I’ve never failed an exam before and currently sitting for my first FSA exam. I’ve been through a lot of personal change this year and it’s been tough to fully dedicate time to my exams.

Has anyone ever experience senior management “looking down” on them for failing an exam? What was this experience like?

16 Comments
2024/10/21
13:43 UTC

3

If you had to cram for the CB1 exam in 4 weeks, how'd you do it?

I'm in this situation. Any tips will be super appreciated!

3 Comments
2024/10/21
06:53 UTC

6

Getting anxious

Hi so my exam fam is on 26 nov and at this point in time i completely feel burned out with work and studies. I will be able to complete course around 1 month before the exam date but i feel like im forgetting stuff and making silly mistakes. I feel so unprepared. I completed Fam s section around 3 months back and haven’t revised it. Do u have any advise to clear exam please help

5 Comments
2024/10/21
05:02 UTC

38

Signs that I'm burnt out?

I've always heard about the risk of being burnt out before an exam. Right now, I have massive migraines, I don't want to do any more studying, and I am feeling less confident with how prepared I am. I'm just exhausted.

Has this happened to anyone else? Is this what being burnt out means?

16 Comments
2024/10/21
04:24 UTC

75

I’m the wife of an actuary—how to survive/support him (upcoming exam)

My husband and I have been having a rough time for the past however long he’s been studying for his upcoming exam. He’s taken exams before, but this time it’s especially hard because I am also pregnant. I’m getting more and more tired, we have a toddler, I work as well—and it’s been so stressful. Our house is a mess. We haven’t been able to spend any time together. Our toddler is teething so she’s sleeping horribly.

Please tell me what we can do to survive this time, and how I can support him in easy ways that are also not hard for me to do. I’m trying to give him grace and not become resentful, but it’s been really difficult.

19 Comments
2024/10/21
02:52 UTC

1

Resume advice please!

6 Comments
2024/10/21
00:44 UTC

7

Excel Shortcuts at Prometric for ALTAM

Prepping to take ALTAM this Tuesday and have been practicing on a Windows laptop. On my computer, the shortcut to lock cells in formulas is Fn+F4. Does anyone know what type of computers they are at Prometric and what the shortcut is on those computers to lock cells in formulas? Thanks!

Also, for those who have taken it, are there clear directions on how to submit the excel workbook when we are done?

7 Comments
2024/10/20
22:55 UTC

1

For the Exam booklet (FSA exams) in the testing center are you able to number the pages and do the exam out of order? (I.e 1a 1b 2a 2b 1c 1d, 12a, 12b, 13a etc?)

My exam this thrusday and i just want to make sure i don't waste too much time shuffling paper around and such.

7 Comments
2024/10/20
22:39 UTC

11

Just took PA on Friday... Should I start studying for FAM?

I just took the PA exam on Friday and have decided that FAM will be my next focus (I already earned credit for ATPA by passing IFM). For those of you who also took PA, what are you planning to study next? I’m unsure whether I should wait to find out if I passed PA before diving into FAM prep. The next FAM sitting is in March, and PA is in April, so theoretically, I could take FAM and then retake PA the following month if needed. Any advice or suggestions?

15 Comments
2024/10/20
19:05 UTC

13

Actuaries in MBB

Anyone here who's got some experience of working in MBB (Mckinsey, Bain, Boston) in an actuarial role?

Can you shed some light on the what kind of work would someone do there? And how the skills gained at MBB are transferrable to traditional actuarial sectors like insurance/reinsurance companies?

4 Comments
2024/10/20
18:47 UTC

5

So MAS-I, how are we feeling?

To the people taking it in a couple short weeks: how are we feeling about MAS I?

I just took a practice test yesterday, and while it went fairly well - there’s clearly some errors I need to iron out and some topics to study more.

For me, my problem areas are statistics theory (efficiency, sufficiency, parameter estimation theory) and ridge/lasso regression and ordinal logistic regression.

I do pretty well with probability and just recently have started breaking through on F tests and ANOVA problems. I’m happy about that! I think I’m going to keep working on the above and also spam those qualitative questions.

Anyone else have areas they’re going to focus on the next two weeks?

4 Comments
2024/10/20
18:44 UTC

36

Test anxiety

I'm not discussing the content of the exam or how I feel I did yet, but please take this down if it still doesn't meet the guidelines.

I just sat for exam PA and it was my first written response exam. During my studying, I simulated the real exam multiple times, doing Actex's mock exam and a lot of past exams while having no problem. But that all flew out the window during the real exam, when 30 minutes in I realized that my brain had completely zoned out and my hands had been shaking, hardly able to type out responses. It took so much strength to get through the shakiness for the next 3 hours, and I guess I never considered how hard it would be to type out responses since all I've done up to this point is multiple choice exams where you just have to click the answers.

Part of me is thinking that I got this first-time experience out of the way, and hopefully in the future I'll be more prepared for the nerves. Another part of me is still reeling from how physically and mentally difficult it was to just type. I'm frustrated that I struggled so much with something that wasn't even about the exam content. I don't want the same thing to happen in the future. Am I overreacting? Any advice? I cleared my head and breathed deep breaths as much as I could when I could remember, before, during, and after the exam.

13 Comments
2024/10/20
17:34 UTC

2

Why P( T<S) is it to get the marginal function of T?

Hi , I want to ask for the below question , I guess the question to get the marginal function of deluxe ? why they assume that the probability for the deluxe by P( T<S ) ?

https://preview.redd.it/wnip3kmayxvd1.jpg?width=1308&format=pjpg&auto=webp&s=20d53a6b849f21216e4e6ca8470a6474639dd263

6 Comments
2024/10/20
16:52 UTC

2

SOA PAF

I'm facing a problem with paying the fee, I've tried all my cards, and non of them worked, do you face the same issue?

1 Comment
2024/10/20
15:53 UTC

6

Reserve in different valuation basis

Hi all, I am wondering reserve under which standard should be held if there are different bases.

For example, the business of a US company in another country would do both US GAAP and IFRS17. Reserve under IFRS17 and GAAP would be different. Which one should the insurer follow? Or if there are other practices?

9 Comments
2024/10/20
15:22 UTC

24

Please review my resume

20 Comments
2024/10/20
15:22 UTC

Back To Top