- Joined
- 11/6/14
- Messages
- 5
- Points
- 11
I'm a qualified actuary with cera designation (http://www.actuaries.org.uk/becomin...artered-enterprise-risk-actuary-qualification).
I have a 1st in Actuarial Science and Stats from Heriot-Watt Uni, where I had to take all of the actuarial preliminary exams:
These all cover time series, stochastic processes, financial engineering concepts (continuous time finance), derivative pricing in addition to some masters level derivatives and risk management courses. I also took bayesian stats, PDEs etc while there. They also have an average of 40% ish pass rate.
I then moved to the US where I did the Enterprise Risk Management, Advanced Finance and Core Foundations Of ERM exams; links to the syllabus below:
ERM:https://www.soa.org/education/exam-req/edu-exam-erm-detail.aspx
AdvF:https://www.soa.org/education/exam-req/edu-exam-advf-detail.aspx
CFE:https://www.soa.org/education/exam-req/edu-exam-advf-detail.aspx
Cliff notes of syllabus:
Corporate Finance - Funding
Capital Management - Decision-Making
Stochastic Modelling
Adv. Risk Assessment Techniques
Financial Risk Management
Risk Modelling and Aggregation of Risk
Portfolio Risk Measurement
Derivatives Pricing with Monte Carlo
In total I sat 14 hours of advanced examinations while working. I have 5 years work experience applying the above concepts in insurance risk mangement.
So I want to become a quant, and am looking at my options. I know a Phd is necessary, I will most likely do it on longevity swap valuation, but my question is whether I can jump straight to a PhD (at Warrick possibly), or do a masters first?
I looked at a masters in Cambridge, I'm hoping given that I am technically in the top 15 youngest qualified actuaries with a flawless academic track record to date, that I could get in, but it doesnt appear as though the programs there have anything to add to my current academic background (unless I take pure maths courses). I'm confused as to what my next steps should be, should I be trying to get a PhD right now? Or should I apply to a top university and choose only courses I know I can ace to get a distinction for the brand?
I have a 1st in Actuarial Science and Stats from Heriot-Watt Uni, where I had to take all of the actuarial preliminary exams:
- CT1 - Financial Mathematics
- CT2 - Finance and Financial Reporting
- CT3 - Probability and Mathematical Statistics
- CT4 - Models
- CT5 - Contingencies
- CT6 - Statistical Methods
- CT7 - Business Economics
- CT8 - Financial Economics
These all cover time series, stochastic processes, financial engineering concepts (continuous time finance), derivative pricing in addition to some masters level derivatives and risk management courses. I also took bayesian stats, PDEs etc while there. They also have an average of 40% ish pass rate.
I then moved to the US where I did the Enterprise Risk Management, Advanced Finance and Core Foundations Of ERM exams; links to the syllabus below:
ERM:https://www.soa.org/education/exam-req/edu-exam-erm-detail.aspx
AdvF:https://www.soa.org/education/exam-req/edu-exam-advf-detail.aspx
CFE:https://www.soa.org/education/exam-req/edu-exam-advf-detail.aspx
Cliff notes of syllabus:
Corporate Finance - Funding
Capital Management - Decision-Making
Stochastic Modelling
Adv. Risk Assessment Techniques
Financial Risk Management
Risk Modelling and Aggregation of Risk
Portfolio Risk Measurement
Derivatives Pricing with Monte Carlo
In total I sat 14 hours of advanced examinations while working. I have 5 years work experience applying the above concepts in insurance risk mangement.
So I want to become a quant, and am looking at my options. I know a Phd is necessary, I will most likely do it on longevity swap valuation, but my question is whether I can jump straight to a PhD (at Warrick possibly), or do a masters first?
I looked at a masters in Cambridge, I'm hoping given that I am technically in the top 15 youngest qualified actuaries with a flawless academic track record to date, that I could get in, but it doesnt appear as though the programs there have anything to add to my current academic background (unless I take pure maths courses). I'm confused as to what my next steps should be, should I be trying to get a PhD right now? Or should I apply to a top university and choose only courses I know I can ace to get a distinction for the brand?
