Accountant vs actuary


M

mrs. eliza humperdink

Ooooooooooooooooiiiii! The account is easily offended when her IQ is
questioned.
Accountants are very touchy about the IQ issue, since their IQ is often
questioned.
In college, do the highest IQ students major in accounting?
I can see some high IQ student think,
"Hmmm, should I consider nuclear physics, medicine, or, uh,
accounting?" hahahaha!

As for our President not being "high IQ", you are just too dumb to
recognize a high
IQ person when you see one. It takes a high IQ person to recognize a
high IQ person.
A dumb person cannot tell the difference between two smart buys, just
like a dog cannot
tell which of two humans is smarter.


..
 
M

mrs. eliza humperdink

Ooooooooooooooooiiiii! The accountant is easily offended when her IQ
is questioned. Accountants are very touchy about the IQ issue, since
their IQ is often questioned. In college, do the highest IQ students
major in accounting? I can see some high IQ student think, "Hmmm,
should I consider nuclear physics, medicine, or, uh, accounting? I
can't decide!" hahahaha!

As for our President not being "high IQ", you are just too dumb to
recognize a high IQ person when you see one. It takes a high IQ person
to recognize a high IQ person. A dumb person cannot tell the difference
between two smart buys, just like a dog cannot tell which of two humans
is smarter.
 
R

Ron Todd

...... (snip)

I.Q., Good grief!

Read "The Bell Curve," and then go to a MENSA meeting. After that you
will never bring up the subject again.
 
G

glhansen

mrs. eliza humperdink said:
no you won't. by nature, a joe who goes to law school is a worker-bee
by personality.
You can never take the risk to go and do something like start your own
business. you just
don't have it in you
Except for the ones that start their own law firm. And the last time I
checked the yellow pages, that's a lot of them.

No matter how smart you are, your company won't succeed if you don't a
product or service to sell.
 
M

mrs. eliza humperdink

Except for the ones that start their own law firm. And the last time I checked the yellow pages, that's a lot of them.

buddy, if you start your own law firm, your client is your boss. you
spend your whole
time kissing ass to try and get clients. Not only are you a slave, you
have to
be an ass-kissing slave to win and keep clients. The second your
clients feels
you are not kissing his ass enough, he will drop you.

Small busines owners are slaves. If you need to make money, the
customer is boss.
As long as you are working for money, you are a slave whether you
"head" your firm or work
in the firm. The customer is the boss. You are the slave working for
money.
 
H

Holly Sommer

John said:
actuary.

--Pete Schult

Accountants and actuaries both work with pension plans but the trend is
to discontinue pensions and just have 401k's or "defined contribution"
type
plans so I'm not sure of the employment outlook for that type of
actuarial
work.
Actuaries are involved in more than just pension plans. Valuation work
(which comes up frequently in adds-and-drops, ie: divorces,
acquisitions, mergers, divestitures, etc.) requires actuarial skills.
The ability to work with or develop economic models comes up as well, so
you might also find actuaries in employment at larger or boutique
investment-type outfits, as well.

-Holly
 
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actuaries are paid 2 to 3 times as much as accountants/auditors.

after 5 years experience, an actuary could make $200,000 while
an accountant makes only $75,000.
I would disagree. To actually be an actuary it will take 6 to 10 years of taking exams while working. Before that period you could pass the first two exams and work as an actuarial assistant. As an actuarial assistant you could make as little as $45,000 to as much as $85,000. This could vary obviously but there is a significant ceiling. Of course once you pass the exams to become an actuary you can expect to earn at least $150,000 and probably not much higher then $250,000. You say that you intend on being an accountant/auditor so I assume you would want to be a CPA. You may not be considering this specifically but that is where it would lead I'm sure. As a CPA you would have to pass one exam which would take anywhere from 2-6 months depending on the time you can devote to studying. I will speak in terms of auditing. Once you pass the CPA exam, or even if you are working while studying, you can expect to start off at $50,000 to $60,000 working at a public accounting firm depending on where you are in the country. In 3 years you should expect to be making $75,000+. In about 6 or 7 years you should be making 6 figures. If you stick around for 10+ years you can see a salary of $175,000. This is all IF you stay in public accounting. Most will get into private industry work within a few years where you could make varying amounts of money. As a CPA you could expect to become a CFO with hard work and dedication and make astronomical amounts of money. Many CPAs will branch off on their own or with a colleague to start their own practice. You can expect a very comfortable amount of income even for the smallest of CPA firms.

All in all, I would say that pursuing an actuarial career you basically know exactly what you are getting. You will put in a lot of hard work to pass the exams in to make a very good salary and work reasonable hours. There can be a significant ceiling involved, however. As an accountant/auditor you will also have to work hard to pass the CPA, but its only one exam. After that you have any number of options, some with very high ceilings.
 
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I like to check whether it is possible to switch over my career as chartered accountant in chennai through CA classes...
 

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