01-03-2004, 06:01 PM
salaam all,
well, i m in a bit confusion, i will b thankful to sumaaan n derivativetrader if they could hlp me. it is abt the comparison of actuarial scientists, CFAs, n ACIIs on the areas of working tht r similar to all of these three.
as far as my limitted knowledge tells me, the main n foremost areas of concern for an actuary are pension funds n insurance. they might b doing other things definetly, but their main area of concern r these two.
if this really is the case thn dont u think tht CFA n ACII get an upper hand over actuary (even CFA over both of these two)??? let me explain why i think so. plz do correct me wherever i m wrong.
as far as insurance is concerned, i think ACII is far more competant thn ne other qualification in the field of insurance. i think tht ACII will b prefered for the jobs of insurance bcoz they know all the stuff abt it. let me admit tht i really dont know much abt ACIIs.
secondly, as far as CFAs r concerned (i read it from the website of www.aimr.org), tht they have a very broad domain to work in. let me quote the percentages of opportunities tht CFAs get. i m copy-pasting it from their website
investment companies/mutual funds 25%
broker dealer/invest banks 19%
investment management councelling firms 14%
banks 13%
consulting firms 06%
insurance companies 05%
others 18%
n according to the website, CFAs can operate at folowing positions, i m copy-pasting it again
Accountant, Actuary, Auditor, Bank Examiner, Bank Lending (corporate),
Business Appraiser, Client Services Manager, Compliance Examiner,
Consultant on Investment Manager, Selection/Investment Policy, Corporate Chief Financial Officer, Corporate Controller(not finance / not investment), Derivatives Analyst, Director of Finance, Director of Mutual Funds, Economist (involved in investment decision-making process), Financial Journalist(Editor/Reporter/Publisher), Financial Planner, Internal Corporate Planning Analyst, Internal Management of Investment Firm, Investment Banking/Corporate, Finance Consultant,
Investment Sales(consultative), Investment Strategy Formulation,
Investor Relations, Management Consultant(excluding personnel),
Marketer(of investment management services, funds,securities,etc.),
Mutual Fund Sales/Trainer, Options/Futures/Commodities Analyst,
Portfolio Administrator, Portfolio Manager, Portfolio Performance Evaluator, Portfolio Strategist, Product/Software Developer (of investment-related products/services), Professor/Instruct(investment, finance, and economics, or non-financial business administration),
Quantitative Investment Analyst, Real Estate Investment Manager,
Risk Analyst(securities related), Securities and Investment Analyst,
Securities Regulation, Securities Trader, Securities Underwriter,
Stockbroker/Registered Representative, Valuator of Closely Held Business, Valuator of Mergers/Acquisitions, Venture Capital Investment(not securities)
so i personally feel tht CFAs can do almost all the things tht actuaries n ACIIs r doing. n tht CFAs r not confined to just pension funds (like actuaries) or insurance sector (like actuaries n ACIIs). they can take on numerous other options as well. i personally respect the professions of Actuaria scientists n ACIIs a lot, n i dont mean to undervalue either of these, bt dont u think tht CFAs encompass the domains of both these two???plus, they have other opportunities as well??? so dont u think tht CFA is a better thing???
plz do comment abt my views. i m sure i can (n will) b wrong on many things. plz do clear me abt it.
FARHAN
well, i m in a bit confusion, i will b thankful to sumaaan n derivativetrader if they could hlp me. it is abt the comparison of actuarial scientists, CFAs, n ACIIs on the areas of working tht r similar to all of these three.
as far as my limitted knowledge tells me, the main n foremost areas of concern for an actuary are pension funds n insurance. they might b doing other things definetly, but their main area of concern r these two.
if this really is the case thn dont u think tht CFA n ACII get an upper hand over actuary (even CFA over both of these two)??? let me explain why i think so. plz do correct me wherever i m wrong.
as far as insurance is concerned, i think ACII is far more competant thn ne other qualification in the field of insurance. i think tht ACII will b prefered for the jobs of insurance bcoz they know all the stuff abt it. let me admit tht i really dont know much abt ACIIs.
secondly, as far as CFAs r concerned (i read it from the website of www.aimr.org), tht they have a very broad domain to work in. let me quote the percentages of opportunities tht CFAs get. i m copy-pasting it from their website
investment companies/mutual funds 25%
broker dealer/invest banks 19%
investment management councelling firms 14%
banks 13%
consulting firms 06%
insurance companies 05%
others 18%
n according to the website, CFAs can operate at folowing positions, i m copy-pasting it again
Accountant, Actuary, Auditor, Bank Examiner, Bank Lending (corporate),
Business Appraiser, Client Services Manager, Compliance Examiner,
Consultant on Investment Manager, Selection/Investment Policy, Corporate Chief Financial Officer, Corporate Controller(not finance / not investment), Derivatives Analyst, Director of Finance, Director of Mutual Funds, Economist (involved in investment decision-making process), Financial Journalist(Editor/Reporter/Publisher), Financial Planner, Internal Corporate Planning Analyst, Internal Management of Investment Firm, Investment Banking/Corporate, Finance Consultant,
Investment Sales(consultative), Investment Strategy Formulation,
Investor Relations, Management Consultant(excluding personnel),
Marketer(of investment management services, funds,securities,etc.),
Mutual Fund Sales/Trainer, Options/Futures/Commodities Analyst,
Portfolio Administrator, Portfolio Manager, Portfolio Performance Evaluator, Portfolio Strategist, Product/Software Developer (of investment-related products/services), Professor/Instruct(investment, finance, and economics, or non-financial business administration),
Quantitative Investment Analyst, Real Estate Investment Manager,
Risk Analyst(securities related), Securities and Investment Analyst,
Securities Regulation, Securities Trader, Securities Underwriter,
Stockbroker/Registered Representative, Valuator of Closely Held Business, Valuator of Mergers/Acquisitions, Venture Capital Investment(not securities)
so i personally feel tht CFAs can do almost all the things tht actuaries n ACIIs r doing. n tht CFAs r not confined to just pension funds (like actuaries) or insurance sector (like actuaries n ACIIs). they can take on numerous other options as well. i personally respect the professions of Actuaria scientists n ACIIs a lot, n i dont mean to undervalue either of these, bt dont u think tht CFAs encompass the domains of both these two???plus, they have other opportunities as well??? so dont u think tht CFA is a better thing???
plz do comment abt my views. i m sure i can (n will) b wrong on many things. plz do clear me abt it.
FARHAN
