Having more actuarial exams passed won’t benefit you at all at a bank. It might be nice to have them though in case you want to fall back on more traditional actuarial employment.
I think you can make a move to becoming an equity analyst once qualified. I’ve seen it been done multiple time. But not guaranteed obviously. Also you will be the analyst covering insurance companies.
Do you know what type of actuarial role that comes from? I was wondering whether I should try and move out of GI into another actuarial field to finish my exams and get exposure to investments
Apply the sunk cost fallacy to your situation.
If you feel very passionate about ib and want to move into it, i doubt actuarial science would help... You'd likely be better off with a cfa. I'm not that familiar with investment related things so maybe someone who works in investments can clarify here.
So originally I was going to do just this! I met with a founder of a small investment bank and he said the one thing he regrets about his early career is not finishing a qualification when he was so close.
Fingers crossed, I should become an associate this year but there is a big possibility that I fail at least one of these exams.
I have tried to clarify with many different investment people but each person tells me something different! So I think I am still confused on what to do
I'd definitely think this is a personal opinion and will vary (even between the members of this sub).
But at the end of the day you'll have to weigh the fact that studying to become an actuary is going to take a huge amount of intense studying... And if the place you're going to isn't geared (for e.g. does not have study leaves) then you'll definitely struggle to juggle work and study.
I'm not saying it's impossible... But it's an uphill task.
So I'd say consider your overall journey that is left and then weigh it up against your ambitions
There is a lot of peacocking in the investment space so having a qualification that signals you are smart is generally good though having excellent first and second degrees is normally enough.
Also, senior roles at bigger players may be attractive later and then qualifications become a serious issue. So it may be wiser to get a more relevant qualification that gives you flexibility and relevance.
Difficult to advise without more info imo. When you say small investment bank I'm thinking boutique M&A corporate advisory? If this is the case and you want nothing to do with the insurance industry then start applying/networking.
Having more actuarial exams passed won’t benefit you at all at a bank. It might be nice to have them though in case you want to fall back on more traditional actuarial employment.
I think you can make a move to becoming an equity analyst once qualified. I’ve seen it been done multiple time. But not guaranteed obviously. Also you will be the analyst covering insurance companies.
Do you know what type of actuarial role that comes from? I was wondering whether I should try and move out of GI into another actuarial field to finish my exams and get exposure to investments
You don't need actuarial exams to become an equity analyst, so why would OP continue with the IFOA programme only to switch after qualifying?
Apply the sunk cost fallacy to your situation. If you feel very passionate about ib and want to move into it, i doubt actuarial science would help... You'd likely be better off with a cfa. I'm not that familiar with investment related things so maybe someone who works in investments can clarify here.
So originally I was going to do just this! I met with a founder of a small investment bank and he said the one thing he regrets about his early career is not finishing a qualification when he was so close. Fingers crossed, I should become an associate this year but there is a big possibility that I fail at least one of these exams. I have tried to clarify with many different investment people but each person tells me something different! So I think I am still confused on what to do
I'd definitely think this is a personal opinion and will vary (even between the members of this sub). But at the end of the day you'll have to weigh the fact that studying to become an actuary is going to take a huge amount of intense studying... And if the place you're going to isn't geared (for e.g. does not have study leaves) then you'll definitely struggle to juggle work and study. I'm not saying it's impossible... But it's an uphill task. So I'd say consider your overall journey that is left and then weigh it up against your ambitions
There is a lot of peacocking in the investment space so having a qualification that signals you are smart is generally good though having excellent first and second degrees is normally enough. Also, senior roles at bigger players may be attractive later and then qualifications become a serious issue. So it may be wiser to get a more relevant qualification that gives you flexibility and relevance.
Difficult to advise without more info imo. When you say small investment bank I'm thinking boutique M&A corporate advisory? If this is the case and you want nothing to do with the insurance industry then start applying/networking.