CFA or Actuary? Which should I study? (Subscriber Question)

[@bhanupratapsihag1154]

Really glad that you didn't take my query for granted and uploaded the video as soon as you could

[@lolarufai9641]

Thank you always for your compassionate service

[@chrissimillar6558]

Thanks MJ. That was informative 👍🏻

[@bhanupratapsihag1154]

Thanks MJ it was I who asked the question and my query has been solved to some extent I'll be preparing now for CFA and drop actuary journey

[@Hamzaben9]

Hey buddy , I am taking the same decision . Could you please share your experience so far , any regrets ? Any advice ?

[@giftydarkoa3925]

@@Hamzaben9 Please did he reply your query?

[@bygnahzdivad]

Couldn't agree more (especially because I'm writing the QFI exams with the SOA right now) 😂😂😂.

[@andresrossi9]

What about FRM instead? Could you do a comparison between actuary and Risk manager?

[@ngcalinqadala2819]

I noticed that UJ has started offering Acturial Science, please tell me how many exemptions they offer(like you did with other universities previously).

[@tshepangt88]

It offers only 3 examption.

[@alfredtovar6451]

I love your accent

[@jayjayf9699]

Good question

[@alfredtovar6451]

Who makes more?

[@tejendrachapagain1028]

A detail analysis of the role and function of actuary in the age of artificial intelligence,?

[@Archuvlogs1994]

Hi CJ, I am a student actuary and clear 3 CT papers. Please let me know the which specialization in ST&SA have more demand in actuarial world.

[@siddheshyadav2648]

Frm or actuaries??

[@kalyandey5195]

Hi MJ, Thanks a lot for all the videos and knowledge sharing with us. I need a small suggestion from you, if you could reply my below query, i will be really grateful. 1. I am a software developer and data scientist, having 8+ years of experience in coding, data analytics & machine learning. I studied engineering and post graduate in Applied Statistics. But, i am greatly interested in finance or investment domain. I have cleared entrance exam of India Actuary Institute -ACET and wrote CT1 paper. Currently preparing for CS1 - Actuarial Statistics. But, I am really confused, if the actuarial path will leads me to correct career path in Investment/finance domain. 2. To build career in finance or investment domain, which path is better to pursue - Actuary/CFA/ Quantitative Finance ? 3. I am 30 years old. Is it already too late to switch career at this point? Or you advise me to stay at my data science career and try to move into finance domain with gaining other skill set or finance related certificate? 4. I am currently staying in India and planning to move Canada next year. Will be good enough to get a job with 4-5 papers cleared in Actuary with 8 years of coding & data science experience ? I know it is a long post. But if you could reply me it will be really helpful for me. Looking forward for a response from you. Thanks, Kalyan

[@MJtheFellowActuary]

Hey Kalyan. So Actuarial Science is about Insurance, Investing, Saving and Lending. If you are only interested in lending, I would suggest Quant. If you are only interested in Investing, I would suggest CFA. You will get frustrated with Actuarial Science because we spend a lot of time doing maths and stats for Insurance and Savings (Pensions) which might not be of interest to you. So I would recommend CFA as it will get you to your career path quicker than the actuarial route which is notoriously long.

[@giselleeudia8015]

hi, i don’t know if you’ll see this or not but i hope you can provide some advice to my problem if you do. i’m currently a high school senior in Indonesia, and am in a dilemma on whether to study Finance or Business Mathematics (Actuarial Science). with most of my high school education being held online, my mathematics isn’t as strong as i’d like. i’m more interested in finance but am scared that i’m settling for less by avoiding the maths in actuarial science. i’m also scared that the maths in actuarial science will be too much for me to handle. what’s your opinion on my situation? thanks in advance.

[@MJtheFellowActuary]

Better to do the maths and then finance as a specialist subject. Finance without the tough maths will give you an incomplete picture of the subject.

[@manansaluja6040]

Who earns more salary an actuary or cfa

[@MJtheFellowActuary]

probably the actuary, but depends on a few other things such as location, experience, etc

[@nadaabdelrahman6342]

I'm studying actuarial science at my college but i have to pass the exam anyway from the society or the institute, so i have been thinking that i will take the CFA because it's so much easier and i thought that i could do what the financial actuary could do after taking the CFA ...AND after this video they aren't the same obviously!! So which exams i should pass to be a financial actuary ?? I think i don't have to pass all the exams because i already will have my degree and all that ..i just want to work as an financial actuary,so which exams i should pass ?! Thank you 😊

[@besavage2133]

Can you tell me which occupation will be good cfa or data scientist..

[@ahvashenreddy3727]

How much does an actuary in Sa

[@Black182heart]

Actually you got it wrong. The passing rate of cfa level 1 is 42%. And from those who passed level 1, they appear for level 2 and among them the passing rate is 40% again. And among those who passed and reached level 3, the passing rate is 50%. So straight up saying passing rate in CFA is 50% doesn't sound right and is highly inappropriate considering someone who has knowledge of mathematics.

[@MJtheFellowActuary]

Thanks for adding more detail, its always welcome

[@lindtkatmmwaya4824]

He’s still doing a good job regardless of that. Thank you MJ!

[@mritunjoypaul10]

Why you went for fellowship in finance?

[@MJtheFellowActuary]

I was naturally better at finance than insurance

[@mritunjoypaul10]

@@MJtheFellowActuary then why became an actuary and not a cfa. I am also good at finance and i have cleared 3 papers, and waiting for the result of fourth one. I am also looking forward doing my fellowship in investment.

[@sanskritisaxena14]

Is Actuarial Science in good demand in India, after studying Finance as a major in undergrad or should I go ahead with CFA. Thanks

[@CORExplore]

Same confusion is with me …

[@preranaprahalad8972]

Same here

[@dhruvsharma7129]

Can we do both

[@modern_genghis_khan0393]

Yeah you can One by one

[@gnosontheinternet6879]

What happened to the Ed Sheeran look?

[@MJtheFellowActuary]

Hahaha 😂

[@anandravichandran1710]

Is thr anybody in India? I pursued my graduation in mathematics... Is it possible to clear actuarial exams?

[@MJtheFellowActuary]

Yes maths is a good foundation for the Actuarial exams.

[@nishu761]

CFA - Certified Failed Actuary.

[@andresrossi9]

Actuary: failed quant

[@kaborong]

What's "CFA"?

[@JH-Wood]

Chartered Financial Analyst

[@kodyfischer8978]

Chartered Financial Analyst

[@thembalethuthesacred8520]

“Can’t Finish Actuary” lol 😂 kidding

[@laggeroomaepiclagger2454]

lmao

[@hughjazz8416]

Chick fil a