Lead: The following is the training network for fresh graduates. I have sorted out the frequently asked questions about actuarial science and their answers for you, hoping to help the candidates!
1, Q: Do I need to take the CPA exam to do actuarial work? Is there an advantage to having a certified public accountant?
A: In principle, there is no need to do so. However, there is an example worth learning: both the public accounting post and actuarial post in a province belong to the financial department. A took the CPA exam and finally became the company's vice president, in charge of finance. This involves a change of direction. In reality, not all actuaries are engaged in actuarial work from beginning to end. Some people are engaged in management, while others are even engaged in business. I have a friend who has been in business for two years and now earns more than most actuaries.
2. Q: Is the actuarial certificate helpful for entering the investment field or the financial field?
A: In today's China, it doesn't help. Don't waste your energy on textual research. What you do and take, you have your own corresponding certificate.
3. Q: Is it too late to take the actuarial exam after the age of 30?
A: It is too late. The bottom line is to start the exam in the second grade at the latest.
4. Q: Can I go to a small company for my first actuarial job? Then change to a big company (headquarters only)
A: First of all, the size of a company does not necessarily determine the quality of its actuarial position. If you really want to choose a company, you must know the real situation of the specific company. I believe that when you receive the offer, your industry classmates will also be willing to share information for you.
Then analyze the advantages and disadvantages of big companies and small companies.
Big companies: Take Ping An Headquarters as an example. Many actuaries have worked overseas, have an international perspective, can work independently and have rich experience in product development. The introduction of actuarial science is also a mentoring system. Entering a big company like Ping An, the chances of being a master of great gods are relatively high, and teaching people is the fastest progress. At the same time, these great gods will introduce you into the actuarial circle, and only those who enter the actuarial circle of friends have more capital to say job-hopping. However, the disadvantage of large companies is that they have a fine division of labor and may not be able to fully take over actuarial work for many years. The competition for talents is also fierce, and good resources may be difficult to fall on your head.
Small company: The advantage of a small company is that there are few people. Can be more comprehensive contact with actuarial work, especially suitable for people with strong ability. Here, you can cultivate the ability to complete tasks independently and form teams. However, this is for people with ability. People who are not outstanding in ability can easily become more and more mediocre without guidance, because the echelon training system of small companies is often immature
If you insist on giving a box, I think the choice should be like this, big company >; Small companies > medium-sized companies, but the specific situation needs specific analysis. Many other factors, such as state-owned or foreign capital, boss background and so on. In real employment, it is rarely said that fresh graduates choose a company and are very happy to have an offer from the headquarters.
5. Q: Is there any way for students who are poor in undergraduate colleges to fill in their resumes?
A: First, get a good school for postgraduate entrance examination.
Second, participate in the Mu semi-finals and get a quota and internship opportunities.
6. Q: Is the employment actuarial post a good school? Do you have a chance?
Answer: responsibly speaking, there are some actuaries in the actuarial field who graduated from two universities. I don't want to use rigid probability to evaluate their success rate. I can only say that if they want to succeed, they have to work at least several times harder than others.
7. Q: Do you need a master's degree in actuarial science?
A: Generally speaking, high-end actuarial positions such as reinsurance and consulting require a master's degree, but ordinary actuarial positions do not. Of course, having a master's degree does have an objective advantage.
8. Q: If I study for a master's degree in actuarial science now, will my position be more tense after three years?
A: Of course, because the position is already tight. However, generally speaking, in the first round of resume screening, as long as they are master students from better schools and the number of exams is up to standard, we will try our best to give interviews. As for whether you can pass the interview, it depends on your comprehensive quality. So I have always stressed that don't put too much energy into study. Comprehensive quality is very important. Otherwise, more than ten years of hard work will be rejected by the interview. Do you think it's worth it?
9. Q: I want to be an actuary and plan to take the postgraduate entrance examination. How should I choose a university?
A: If you are confident, you will be an old actuarial school, such as NPC, Central Finance, Fudan, Shangcai and Nankai. Of course, it goes without saying that Tsinghua Peking University is the best place to go.
10, q: is there any advantage in being a doctor of actuarial science?
A: If you are a competent doctor, you can really get ahead faster than ordinary people. If I'm just a doctor with average ability, with all due respect, I'd better stay in the field of education. Because I have seen mediocre doctors go to insurance companies more than once and finally become a joke for everyone after dinner. Maybe others are jealous of their doctorate. In short, you don't need a doctoral background to do actuarial science.
1 1. Q: Are actuarial students high in gold? (Compared with domestic education)
Answer: classified discussion:
A. ivy league schools have high gold content. If you have soa5, it is absolutely no problem to return to China for employment. If you have overseas internship experience, it is no problem to re-insure and consult.
B For non-prestigious schools, they have six months or more overseas internship experience in actuarial positions, and the gold content is slightly higher than that of well-known actuarial schools in China.
C. For non-prestigious schools with formal experience in overseas actuarial positions, it is no problem to consult resumes.
D For non-prestigious schools, those who have no internship experience in overseas actuarial positions have far less gold content than domestic actuarial prestigious schools.
Note: The gold content here is defined as the success rate of internship or employment in China. From this perspective, the key point to decide whether an international student can return to China is whether he can get an overseas internship or job opportunity.
12, q: do you have to major in actuarial science, statistics and mathematics?
A: Generally speaking, yes. But there are also special circumstances, such as Master of Accounting from Peking University, soa5, and even Master of Law from Tsinghua, soa5. I didn't hesitate to submit such a resume for an interview. Can you cross-professional employment actuarial to see your ability, but in fact few people can do it.
13, q: are non-actuarial majors (such as statistics and mathematics) less advantageous than actuarial or insurance majors in finding internships or job hunting?
A: Absolutely not. As long as you have basic insurance knowledge (recite the framework I said), you will never be inferior.
14, q: how should non-actuarial majors (such as statistics and mathematics) prepare for employment?
Answer: A. We must recite the insurance principle, insurance law, life insurance, property insurance, reinsurance, insurance investment and marine insurance as soon as possible. Remember it's the frame, not the content. The purpose is to produce an industry vision as soon as possible and have a thinking overall situation.
B. As you are not an insurance major, you have little information contact with insurance theory or practice. I hope you can invite your insurance alumni to have a one-on-one in-depth exchange. I believe that after that, you will feel that listening to you is better than studying for ten years.
15, Q: Is it meaningful for students who are not related to actuarial science to take the actuarial certificate?
A: From the perspective of career development, it doesn't mean much, because even if you have a certificate, because you are not a professional, the chances of employment are very small, and the actuarial certificate is only applicable to domestic insurance companies at present, and it has little impact on other fields. (Tsinghua Peking University students can ignore this article)
16, q: how long does it take to be promoted from a basic actuary to an upper-middle level, what work needs to be done and what are the conditions for success?
Three abilities depend on how much you have:
I examinations and certificates
Second, the ability to complete tasks independently.
Third, the ability to form a team.
If there is only one, it will only rise and not fall; If there are only two, only promotion or promotion to the middle level; If you have both, you can generally go to the middle level; If there are two or three, at least the middle or upper middle; One, two, three, upper floor
What is the ability to complete tasks independently? That is, even if you receive an unprocessed task, you can think about the solution independently and complete the task within the specified time without relying on the guidance of others. What is the ability to form a team? For example, set up a team from scratch, assign guidance tasks, and complete the process from product development to development.
Ability Keywords: independence from scratch
17, Q: What is the possibility of transferring from the actuarial post of a non-North Shenzhen branch to North Shenzhen or even the headquarters? How to achieve it?
A: Generally speaking, the possibility is relatively small, because the new company doesn't understand your' strength' and is unwilling to take risks easily. After all, it is difficult to return the goods if you recruit the wrong person. Retirement means you are unemployed, and the company really doesn't want to take the risk. But as long as we find a way, the possibility of realization is still great. To do the following two things:
First, establish an actuarial circle, make more friends in the industry, rely on the recommendation of friends, and friends will lead you in.
Second, improve your ability and execution, so as to establish a good reputation. People in the word-of-mouth industry dare to recommend you.
In fact, many job-hopping are introduced by insiders, and actuaries in second-and third-tier cities have lost at this point. Of course, if you are strong enough, there are still high-quality actuarial institutions to recruit you. The problem is, you are strong, who knows?
18, q: can non-actuaries change jobs to actuarial positions?
A: No. The reason for this is the following：
A. An actuarial post requires an actuarial internship period of 3-6 months. Your internship in the actuarial post means that you quit your original job, which means that you will face unemployment and economic crisis. However, giving you an internship does not mean that I will hire you. In other words, if I give you an internship, it will probably make you unemployed and ruin your future. This kind of thankless work, sober actuarial post leaders will never do it.
B. Even if you can accept the fact that the leader is younger than you, the leader may not accept it. We prefer to cultivate a young blank sheet of paper. As long as online recruitment, you can receive at least 20 resumes from top universities in China. Why should I recruit you?
19, q: how do non-actuaries change jobs to actuarial positions?
A: In one case, an employee in an accounting position in a company was transferred to an actuarial position. The key point is that this is an internal transfer, and his company has very good interpersonal relationships. So if you really want to change jobs, interpersonal relationship is the first condition. In China, there is only a shortage of experienced talents and too many basic talents, so ability is not the first, but interpersonal skills are the key.
20. Q: Are non-actuarial positions in insurance companies or other financial institutions helpful for applying for actuarial positions?
Answer: Not much help. Applicants for actuarial positions must have actuarial internship experience, which cannot be replaced by other internships.
2 1, Q: Can I transfer from other positions in the insurance industry to actuarial positions?
A: Having other work experience in the insurance industry is a double-edged sword. The advantage is that you have accumulated contacts in the industry, and it is easier to find people in the industry who recommend you. The disadvantage is that actuarial positions exclude non-actuarial positions from being transferred to actuarial positions. So the key to the whole thing is whether you have established your own personal network after entering the insurance industry. If you have worked in an insurance company for three years, and finally you don't know anyone, and no one knows you, it is doomed to be hopeless.
22. Q: How does learning actuarial help to engage in risk management (insurance companies/banks, etc.)? )?
A: The actuarial professional background and actuarial certificate are very helpful for entering risk management. But in order to engage in risk management, it is unreasonable to take actuarial examination. Because the threshold of risk management positions is generally: prestigious school background, master's degree, actuarial certificate, FRM, CFA, two of which can give interviews. It is desirable to choose a risk management position with actuarial certificate, but it is not suitable to take actuarial examination in order to engage in risk management positions.
23. Q: Will engaging in actuarial science help you enter the investment field in the future?
A: Not much help. You can invest because you are qualified to invest, not because your actuarial experience has qualified you to enter the investment field.
Q: Foreign actuaries can also work in non-financial enterprises. When will this dawn appear in China?
A: This phenomenon will not exist in China. Please refer to 8 junior high school textbooks for reasons. What can be applied to non-financial enterprises? Therefore, actuaries can work for non-financial enterprises, but non-financial enterprises do not need actuaries. The competitiveness of actuaries in non-financial enterprises is equivalent to that of data professionals from general statistics.
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