I have written this rant to clear up what I believe to be misconceptions about the actuary profession. This is more of an opinion piece rather than concrete evidence, but my arguments should hold some validity regardless. My points identify why NOT to become an actuary.
1.) People choose to be actuaries because of reputation rather than self interest.
Most teenagers find themselves at a crossroads towards the end of high school when they must ultimately decide what they want to do for the rest of their lives. There are basically two main paths you can take: pick something you truly enjoy and are passionate about, or sell out and go for a career with a high salary and/or job security. Since high school provides little or no insight into the world of actuary science and I have yet met to meet a 17 year old who studies actsci in their spare time, we can assume that any first year undergrad enrolled in actuary science knows little or nothing about their chosen career (so how can you be passionate about it?) and got where they are because they believed the lie that actsci is an exciting, stable career with endless possibilities.
2.) Actuary Science does not exist in a non-professional context.
It is very important for your job to be something you truly love to do. For example I am a computer scientist, and after I punch the clock and head home, there are still outlets to stimulate my cs mind. Computer science is not only a job…. it’s a hobby as well; learning about new technology and developing software extends what I do for a living, into what I do for leisure. On the other hand, actuaries don’t have this benefit and their skills are strictly professional, after all “risk management” is not a hobby and I have yet to meet an actuary who goes home and calculates the life expectancy of his/her friends and family for ‘fun’.
3.) Slogan’s found on actuary websites are lame and make me want to gouge my eyes out.
“risk is opportunity” – www.soa.org
“a career without boundaries” – www.beanactuary.org
Both of these slogans suffer from the same problem, that is, they are completely meaningless and employ more marketing techniques than coca-cola. Anytime someone tries to sell something now-a-days they give you some pathetic, vacant statement to make it seem as though you are buying into some lifestyle. The readers are left in an idealistic euphoric state, completely oblivious to the obvious shortcomings of the product/career choice. But I guess if your into actsci your probably a big fan of capitalism, so whatever.
4.) Being an Actuary is a high stress job. This stress can have drastic effects on your physical and mental health.
This point is best shown through a couple of hypothetical scenarios.
• Ken is a 45 year old actuary. He was at the top of his class all throughout university and was fully certified by the age of 25. Married at 26 and the father of 3 beautiful kids, it would seem that Ken has it all. What Ken does realize is his busy work schedule distanced himself from his wife, who felt neglected and has been having an ongoing affair with a neighbour for the past 15 years. It may also interest you to know that the high stress job made Ken impotent and the children he was raising all this time are not even his.
• Rex is a 28 year old actuary. Rex comes from a very competitive business-oriented family who always had high expectations for him to succeed in the corporate world, just like them. The stress of the job and the fear of letting down his family made Rex develop a psychological disorder. Rex was found dead in his apartment hanging from the ceiling with a table cloth around his neck later that week.
5.) If you are going to sell your soul, why not get something cooler in return.
Here is a list of things you can sell your soul for which are cooler than becoming an actuary.
• mad sick guitar soloing skills
• superhuman strength
• telepathy
• immortality
• ice cream
• the chance to run through the apple store wearing nothing but a batman mask
6.) The Central Limit Theorem applies to probability not life.
From Wikipedia:
In probability theory, the central limit theorem (CLT) states conditions under which the sum of a sufficiently large number of independent random variables, each with finite mean and variance, will be approximately normally distributed.
No matter how hard you try to bend and manipulate it, the life of an actuary is not “normally distributed”. You can try your best to juggle work, leisure, and family life but you will fail.
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I originally had a couple more points to make but this is already as long as an essay, if you like then maybe I can make a pt 2. in the future.
Posted in Math, Rants
Tags: actuary, Math, no soul, rant