ljbouchard wrote:
How about insurance accuary. What I think they do is determine the probability of a claim for a given set of circumstances.
I was a trainee actuary for one and a half years, and I absolutely hated it.
I got the sack from my first company, and i decided not to even bother looking for another actuarial job after that.
Frankly, I blame my failure on my A.S.
But I found the job bloody boring anyway.
I worked, however, on the pensions side, which is supposed to be even more boring than the insurance side.
The study materials for the exams are full of some pretty heavy maths. There is some quite interesting stuff there, but the vast majority of it no one ever uses.
In the job there is a huge amount to learn: dreary legislation, arbitrary parameters for lengthy, dull calculations.
From what I saw, one really couldn't describe the majority of actuaries as a "mathematicians" at all.
There are other opportunities for actuaries apart from insurance firms and pensions consultancies. Actuaries who work for the government are the ones who do the most meaty statistical analysis - what fun! - because they're the ones who, for example, compile the mortality tables that other actuaries work from.
There is also an Actuarial Education Company in the UK, which employs tutors to help trainees with the study materials.