Accountant vs actuary

Discussion in 'Accounting' started by Pete Schult, Dec 23, 2005.

  1. 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.


    ..
     
    mrs. eliza humperdink, Jan 2, 2006
    #21
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  2. 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.
     
    mrs. eliza humperdink, Jan 2, 2006
    #22
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  3. Pete Schult

    Ron Todd Guest

    ...... (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.
     
    Ron Todd, Jan 3, 2006
    #23
  4. Pete Schult

    glhansen Guest

    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.
     
    glhansen, Jan 3, 2006
    #24
  5. 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.
     
    mrs. eliza humperdink, Jan 3, 2006
    #25
  6. Pete Schult

    Holly Sommer Guest

    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
     
    Holly Sommer, Jan 7, 2006
    #26
  7. Pete Schult

    drewyand

    Joined:
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    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.
     
    drewyand, Feb 12, 2013
    #27
  8. Pete Schult

    Smith08

    Joined:
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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...
     
    Smith08, Aug 12, 2014
    #28
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