Anonymous wrote:Anonymous wrote:Anonymous wrote:Yes. I'm an actuary. My son will take his first exam as a senior in HS. My daughter 2 years behind wants to be a doctor, but I hope she becomes an actuary instead. Her skills in math and intelligence are out of this world. When we play poker her card counting skills are truly amazing.
I'll recommend the job to them because it has good life balance, pays well and has a high barrier to entry.
I am also an actuary, and my take is somewhat different. A high barrier to entry only matters if the companies feel compelled to hire credentialed actuaries. In reality, you only need a handful of people to sign things, and the rest of the worker bees can be whatever, there isn’t much a bright finance grad can’t learn on the job. Plus, with the hollowing out of the middle class and democratization of investments, the actuarially intensive products like whole life and IDI are shrinking, and more spread or regulation based arbitrage stuff is in (speaking from the life/annuity side).
I thought actuary was on the list of jobs AI will kill...
Anonymous wrote:Anonymous wrote:Yes. I'm an actuary. My son will take his first exam as a senior in HS. My daughter 2 years behind wants to be a doctor, but I hope she becomes an actuary instead. Her skills in math and intelligence are out of this world. When we play poker her card counting skills are truly amazing.
I'll recommend the job to them because it has good life balance, pays well and has a high barrier to entry.
I am also an actuary, and my take is somewhat different. A high barrier to entry only matters if the companies feel compelled to hire credentialed actuaries. In reality, you only need a handful of people to sign things, and the rest of the worker bees can be whatever, there isn’t much a bright finance grad can’t learn on the job. Plus, with the hollowing out of the middle class and democratization of investments, the actuarially intensive products like whole life and IDI are shrinking, and more spread or regulation based arbitrage stuff is in (speaking from the life/annuity side).
Anonymous wrote:Yes. I'm an actuary. My son will take his first exam as a senior in HS. My daughter 2 years behind wants to be a doctor, but I hope she becomes an actuary instead. Her skills in math and intelligence are out of this world. When we play poker her card counting skills are truly amazing.
I'll recommend the job to them because it has good life balance, pays well and has a high barrier to entry.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I'm a lawyer and enjoy it, but frankly I think my kid could do better.
For a lot of people, including me, lawyer is a reliable transition path for kids from working class or LMC families. The next generation has more options, and is more likely to have a safety net that makes it easier to take risks.
What do you think "better" is? I thought medicine may be better in that it seems more purposeful and often higher paying, but people on here complain about that as well. As an aside, I think it would be difficult to go from WC/LMC to BigLaw. Maybe from a funded Ivy undergrad, though.
I went from a state undergrad to T10 law school to BigLaw. You don't need an Ivy, especially if you're going to grad school after. But most people don't want BigLaw for their kids, either.
By "better" I really meant something less oversaturated than law, and with more headroom to make your own path. Just knowing about different medical specialties or seeing how people start and own businesses/practices is eye opening if you didn't grow up with that.
Anonymous wrote:Anonymous wrote:I'm a lawyer and enjoy it, but frankly I think my kid could do better.
For a lot of people, including me, lawyer is a reliable transition path for kids from working class or LMC families. The next generation has more options, and is more likely to have a safety net that makes it easier to take risks.
What do you think "better" is? I thought medicine may be better in that it seems more purposeful and often higher paying, but people on here complain about that as well. As an aside, I think it would be difficult to go from WC/LMC to BigLaw. Maybe from a funded Ivy undergrad, though.
Anonymous wrote:Anonymous wrote:I'm a lawyer and enjoy it, but frankly I think my kid could do better.
For a lot of people, including me, lawyer is a reliable transition path for kids from working class or LMC families. The next generation has more options, and is more likely to have a safety net that makes it easier to take risks.
What do you think "better" is? I thought medicine may be better in that it seems more purposeful and often higher paying, but people on here complain about that as well. As an aside, I think it would be difficult to go from WC/LMC to BigLaw. Maybe from a funded Ivy undergrad, though.
Anonymous wrote:Anonymous wrote:I'm a lawyer and enjoy it, but frankly I think my kid could do better.
For a lot of people, including me, lawyer is a reliable transition path for kids from working class or LMC families. The next generation has more options, and is more likely to have a safety net that makes it easier to take risks.
What do you think "better" is? I thought medicine may be better in that it seems more purposeful and often higher paying, but people on here complain about that as well. As an aside, I think it would be difficult to go from WC/LMC to BigLaw. Maybe from a funded Ivy undergrad, though.