Actuary vs Financial Engineering

[Rodney Chabuda]

hi everyone,

im starting my undergrad in south africa this january studying Actuarial Science and im interested in a career in Investment Banking. My question is which one do you think is better between Actuarial Science eventually specialising in Investments and Finance or getting an MFE. i know the answers would prob be biased to FE. if anyone can help with an in depth caomparison of the two.:sos:

 

[Andy Nguyen]

We don't always bias toward MFE when it's obvious that's not what you want to do.
get an MBA instead. Both MFE and actuary are not the preferred degrees if you want a career in IB.

 

[Rodney Chabuda]

thanx alot andy. but y should i get an MBA. y is MFE not a good choice. what are the advantages of an MBA over MFE over Actuarial science.:-k

 

[alain]

thanx alot andy. but y should i get an MBA. y is MFE not a good choice. what are the advantages of an MBA over MFE over Actuarial science.:-k

Dude, you should do whatever you feel most confortable with. MFE, MBA and Actuarial sciences could lead you to your end goal if you work hard enough... and know the right people.

 

[Jay YK Kim]

Have anybody worked in both industries?? What I found from searching is that actuarial science and financial engineering are basically a lot similar in terms of required skill sets to be a successful professional in each field, and the biggest difference is that it is harder to be an actuary because of number of tests which you have to go through although the job will be more stable and highly compensated when you actually become an actuary.

I don't believe finance and insurance are completely different areas, so I guess the point only is that

"You will become more stable if you put more efforts on studying."

Right?

I would appreciate it if someone could share his/her own experience regarding the difference between these two fields. I just want some advice from who actually experienced both fields, if that's possible.

Thanks

 

[IntoDarkness]

dude, u have to first figure out what investment banking, actuary, and quant are

 

[AndrewChang]

Have anybody worked in both industries?? What I found from searching is that actuarial science and financial engineering are basically a lot similar in terms of required skill sets to be a successful professional in each field, and the biggest difference is that it is harder to be an actuary because of number of tests which you have to go through although the job will be more stable and highly compensated when you actually become an actuary.

I don't believe finance and insurance are completely different areas, so I guess the point only is that

"You will become more stable if you put more efforts on studying."

Right?

I would appreciate it if someone could share his/her own experience regarding the difference between these two fields. I just want some advice from who actually experienced both fields, if that's possible.

Thanks

I don't think any of that line was true except for the more stable.

 

[Jay YK Kim]

I don't think any of that line was true except for the more stable.

Can you share more of your opinion? I'm not getting much from your comment.

 

[PTN]

thanx alot andy. but y should i get an MBA. y is MFE not a good choice. what are the advantages of an MBA over MFE over Actuarial science.:-k

IB has many departments. Please be specific what role you are interested then people can comment on your studies route path. Even EEE student can ended up in IB merely doing under writer jobs.