Pros and Cons of Majoring in Actuarial Science

<p>Lil<em>Wayne</em>Fan,</p>

<p>I think I fit into DW’s Salary pretty well. </p>

<p>There are two comments I’d like to make on DW’s Salary.</p>

<p>First, DW is often accused of padding the numbers to attract recruits. This problem with that argument is that DW needs to market to both sides of the table – they need to attract job seekers, but they also need to attract companies seeking employees. They have everything to lose by disappointing either side, and a lot to gain from being straightforward with their marketing.</p>

<p>Secondly, one important fact that I think is missing from the DW salary survey is the distribution for each cell. Claude has stated in the past that the low test/low experience cells are roughly normal in shape, but the more advanced cells tend to pick up a right skew. That’s critical in understanding what most advanced actuaries actually make – you can’t just jump to the half way point between the 10% and 90%.</p>