Finance related jobs

oldfort
Sat, 29 May 2010 18:48:48 +0000

Actuarial science isn’t really “finance”.



It is finance. Actuaries price insurance products, in some sense it is even more complicated than financial products. In its cashflow projection, it needs to factor in probability of death, accident, various other events. They also use different interest rate scenarios if the product they are pricing has investment component. Actuaries work with complicated models to project mortality rates. Many actuaries become investment officers for insurance companies.

As an actuary, you would work for an insurance company, not for an investment bank. It is a very difficult profession and very math intensive. I personally hated the work. When I moved to structure MBS, I found the work to be easier and a lot more enjoyable, but my hours were a lot longer.