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Old 01-25-2019, 10:29 AM
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Canada Few actuaries from prestigious schools?

Here is an infographics of statistics concentrators at Harvard: https://www.quora.com/Where-do-Harva...ter-graduation
Let's play "where's Actuary"...

It seems like most actuaries in America are from peasant tier schools like Temple and Ball State.

How common are actuaries from elite schools like the Ivies, MIT, ... hell even University of Rochester, Stony Brook etc. (I only know of one from Yale, TV show about Asian HS kids, now FCAS) and how well do they do against the average actugrunt?
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Old 01-25-2019, 10:34 AM
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What are the actuarial programs at these elite schools like?

For those who want to enter the profession, what reason would they have to go to an "elite" school over one that has a solid actuarial science program and access to internships with major companies?
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Old 01-25-2019, 10:37 AM
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Actuarial is not considered an elite profession in the US so they do not recruite from top schools.

In the UK it has a much higher standing so they recruit from top schools.
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Old 01-25-2019, 10:47 AM
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Actuarial is not considered an elite profession in the US so they do not recruite from top schools.

In the UK it has a much higher standing so they recruit from top schools.
But that only beggars the question.

Is it possible that actuarial is not considered "elite" in the US because the elite schools don't have (solid) actuarial science programs?
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Old 01-25-2019, 10:49 AM
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When I search linkedin for "FCAS" and "Harvard" I get 46 results.

When I search for "FCAS" I get 3658.
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Old 01-25-2019, 10:54 AM
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But that only beggars the question.

Is it possible that actuarial is not considered "elite" in the US because the elite schools don't have (solid) actuarial science programs?
This is most likely true.

But thats primarily because the link between schools and industry is not all that well developed in the US. Its kind of like get educated first, and then go do exams on your own once you start working. Plus, even the schools that do offer AS in the US, the standard curriculum is simply not uniform, and is not vetted properly (so the standard knowledge of the AS folks that graduate from these institutions is also quite variable).

I looked at this a while ago when I was deciding on where to study for AS, and the US came out 4th on the list I made (UK, Canada, Australia coming out ahead).
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Old 01-25-2019, 10:57 AM
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I wouldn't go so far as to say "not all that well developed in the US" so much as that it is not to same level as found in the UK.

I've noticed that many overseas countries send their "best talent" to the US for graduate school. To me, that says something about the US.

(I think you might be correct if we're looking only at undergrad, though.)
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Old 01-25-2019, 11:00 AM
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I wouldn't go so far as to say "not all that well developed in the US" so much as that it is not to same level as found in the UK.

I've noticed that many overseas countries send their "best talent" to the US for graduate school. To me, that says something about the US.

(I think you might be correct if we're looking only at undergrad, though.)
Maybe when it comes to MBAs.

But for graduate degrees (MSc) that is very rare.
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Old 01-25-2019, 11:18 AM
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But that only beggars the question.

Is it possible that actuarial is not considered "elite" in the US because the elite schools don't have (solid) actuarial science programs?
no. When I went to college, there were only a handful of "actuarial science" programs, and they weren't terribly well regarded by the industry. It was generally known that you could get smarter candidates from schools that didn't have those programs, like the leading state schools, as well as the ivies, etc.

Since then there has been an explosion of actuarial science programs and they now exist at a wide variety of schools, but the elite schools don't do "trade school", and don't have programs for any actual jobs. It's true that there are enough pre-med students, and pre-law students, that everyone knows how to use the existing majors to do a solid premed, etc., program. But really, the elite schools are designed to prepare you to go to graduate school.

And anyway, what do you think of as an "elite" field?

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Maybe when it comes to MBAs.

But for graduate degrees (MSc) that is very rare.


Until trump made it hard to get here, MSc for foreign students was the cash cow of pretty much every institute of higher education in the US. The new difficulties in getting visas may permanently kill many of our mid-tier private universities, because if the Chinese all go to school in China for a few years, those programs will improve and the college kids in China will no longer know a bunch of grad students in the US, and will likely follow the path of least resistance and keep going to Chinese schools. Harvard and Standford will survive, but the XYZ Polytechs may all die in a decade or so.
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Old 01-25-2019, 12:41 PM
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Should have clarified. I was speaking from the point of view of a company who is funding the expense.
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