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My friend's bf got an actuary job with a 2.6 GPA?

K

Koenigsegg

Banned
She's telling me that he graduated in summer of '04, got a job for a year, got a 4 on his first try at an exam in fall of '04, then took it in spring of '04 and passed with a 7. . .and now he's working as an actuary at Wellpoint (owned by Blue Cross in CA).

I remember during an info session at our school, who was actually from Wellpoint, saying that they generally look for higher GPAs, and that the "minimum" that they look at was around 3.3, and since it's really competitive they like to see people pass at least 2 exams before interviewing. . . which really discouraged me (since this was a path that I was seriously looking into), but this bit of news is a bit encouraging with me graduating in about 9 months.

Do you guys think his work experience (not clear as to what he did) helped in the job, or what?

Actuary pay scale 🙂
 
You should be glad that they hired someone like him. Maybe he'll screw up some insurance or retirement stuff in our favor
 
Originally posted by: Koenigsegg
Do you guys think his work experience (not clear as to what he did) helped in the job, or what?
Click to expand...

You should crunch the numbers and tell us the probability.
 
Originally posted by: mercanucaribe
Originally posted by: yamadakun
Originally posted by: Koenigsegg
Do you guys think his work experience (not clear as to what he did) helped in the job, or what?
Click to expand...

You should crunch the numbers and tell us the probability.
Click to expand...

I'm calculating a 33.33% chance, repeating of course.
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at least i got chicken
 
While GPA requirements wil not go away soon, people are starting to realize that lower GPAs does not mean lower performance level. Don't get yoru hopes up though, a low GPA is still a really bad thing.
 
I thought actuaries made more than that. A friend of mine got her ASA very quickly (maybe 2-3 years out of school?) and was well over 100K.

In any event, do you have any reason to suspect he's lying? If not, then yeah, it's possible.
 
Originally posted by: BrokenVisage
Does he work with ActuaryTim? 😛
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I find such strange threads when I search for ActuaryTim. And no, I work indepedently at the moment.

To address the original post, GPA - and for that matter, exams as well - are only a small portion of the picture in any employment opportunity. Depending upon the program and degree the applicant emerged from, that isn't an absolutely horrid grade point average. Not the best mind you, but not horrid (or unemployable) either.

Of course, much is greatly dependent upon the company themselves, their requirements, and their employment need. While it isn't the market it once was for actuarial candidates, it is still possible to find actuarial work for even the average actuarial student (which shouldn't be confused with an average student of another discipline).
 
I'm one of the smartest people I know and I only have a 3.0 at a slightly above average university. I just don't care about studying or school. I'm here because I don't want to work at a gas station, that's the only reason.

I have friends who are far less smart (some can barely write a comprehensible e-mail) and have a 3.4 or 3.5 because they spend every other night in the library studying. GPA does not matter as much. Just the other day one of my professors said that they were interviewing candidates for a new position as an associate professor. Out of like 12 people they looked at neither undergrad, grad, or doctorate GPA. A lot of places are more lenient. But there are some "development" programs for new grads which require certain GPAs. Which is sad, because I know that I am far more competent than most of the people in my program at this school but I suspect many have a higher GPA than I do.

Oh well.
 
Originally posted by: shud
I'm one of the smartest people I know and I only have a 3.0 at a slightly above average university. I just don't care about studying or school. I'm here because I don't want to work at a gas station, that's the only reason.

I have friends who are far less smart (some can barely write a comprehensible e-mail) and have a 3.4 or 3.5 because they spend every other night in the library studying. GPA does not matter as much. Just the other day one of my professors said that they were interviewing candidates for a new position as an associate professor. Out of like 12 people they looked at neither undergrad, grad, or doctorate GPA. A lot of places are more lenient. But there are some "development" programs for new grads which require certain GPAs. Which is sad, because I know that I am far more competent than most of the people in my program at this school but I suspect many have a higher GPA than I do.

Oh well.
Click to expand...

Staples? Is that you?
 
I worked between 25-35 hours a week while in college taking a 15 hour courseload. I graduated with a 2.4 and I got a job. It was tough finding one but I did get one. The sad thing is that I am considered one of the smartest people they have hired the past few years. Sad considering they hired so many 4.0GPA students that are complete idiots. They can do problems out of a textbook but can't solve real life problems.
 
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