OK, I am statistics major with a masters degree and pursuing a PhD as a graduate student.
Advantages:
actuarial, I think is very interesting, and is about model building and involves statistics, finance, and economics in one swoop.
And it is very stressful. You have a series of 8 exams which are very difficult. 2 exams will get you a job, 1 an internship. 6 an ASA, 8 an FSA. After ASA, you can probably earn as much as a pharmacist if you take into account the debt a pharmacist would incur. After FSA, you will surpass the pharmacist.
If you love studying and working, AND the corporate environment, go the actuarial route. You could work for a health insurance company like a Blue Cross Blue Shield. I personally think the health field is the best.
Ture the day-to-day work may not be difficult, but it is because you are studying for exams!! You are like a graduate student but you are earning $45,000 to start. With 6 exams and ASA, $80,000. With all 8, over $100,000.
IT depends upon the company whether there is travel involved. But you will be going to a seminar before the exam to learn test-taking strategies by an expert, after you have studied all the books given.
Think of what you want. If not sure, then go both routes, it cannot hurt.
But remember, a lot of people do not make it in the actuary profession. Those who do are greatly rewarded.
