Hi šŸ , my friend is currently an actuary and may be interested in switching to consulting. He has two YOE as an actuary in Property and Casualty, including credit risk/capital solutions, and should have his 5th exam passed by July. Has anyone made a career move similar to this that can share their experiences and benefits/drawbacks?

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Tell ā€œyour friendā€ that Kevin Garnett said that anything is possible

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The anything is possible quote is definitely from his days with the Celtics. The best years of his career were with the Celtics and also where he won his ring. But yes, he started and ended his career with the Wolves.

Iā€™ve seen a number of former actuaries working in HR consulting within the M&A groups of various B4. So definitely possible.

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I am a credentialed actuary and have done this ā€” actuarial work at Aon, actuarial consulting group at Deloitte (where Iā€™ve focused on mostly non-actuarial work but done some traditional actuarial stuff), and traditional strategy consulting at Strategy&/PWC where I mention Iā€™m an actuary when it gives me additional credibility but otherwise donā€™t.

Only difference is I focus on healthcare. Feel free to DM me.

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Thank you so much, this sounds like exactly like what he would like to do!

ACN has strong Insurance practice. I have seen several with actuarial skills do quite well.

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There are a number of actuarial groups in consulting, but theyā€™d probably have the easiest time given their background switching into an actuarial audit group that focuses on P&C companies. Definitely a different pace of life and work though - Iā€™m an actuary but Iā€™ve only worked at B4, never in industry.

helpful

Our human capital practice still has a small but committed group of actuaries!

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D has an actuarial consulting practice where his skills are valuable and other firms will have similar practices. That will be the best fit. PPL with a deep specialized focus like actuary donā€™t make good general consultants. YMMV.

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Insurance and Health Care (Payer) consulting practices would find that background useful. I think Deloitte's Risk and Financial Advisory business hires actuaries as well.

To clarify, he (or should I say me ,@M1) would like to leverage actuary background/knowledge in a regular consulting job but weā€™re not sure where that background would be most advantageous

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