Between financial analysts and actuaries, it is easier for financial analysts to find jobs because financial analysts cover a wide range and are distributed in securities companies, commercial banks, insurance companies and investment institutions. It was founded by the American Institute of Certified Financial Analysts (ICFA). College was first established in June, 1959, with the approval of the American Association of Financial Analysts (FAF), located in Charlottesville, Virginia, University of Virginia.

In addition, the salary of financial analysts is generally higher than that of actuaries, and the salary of fresh graduates in first-tier cities is generally around 200 thousand; Actuaries generally work in insurance companies, and their relative wages are relatively low. The salary of fresh graduates in first-tier cities is generally around 1.5 million.

What do actuaries and financial analysts do?

Actuaries all serve insurance companies, mainly engaged in the calculation of insurance premiums, compensation reserves, dividends, insurance amounts, pensions, annuities, etc.

The job of financial analysts is: to train professional institutional investors; Manage open-end funds, establish and operate the growth enterprise market; Management of insurance funds and pension funds; Operation of demutualization and asset securitization of commercial banks: stock index, futures analysis and venture capital management.

Similarities and differences between financial analysts and actuaries

CFA exam is divided into three grades. Level 1 exam is the easiest. Some people don't need specific training, and they can pass the exam by themselves. The second-level examination requires ten subjects; Level 3 requires seven subjects.

Actuaries involve mathematics, statistics, finance, economics and actuarial knowledge. Without a good mathematical foundation, it is not recommended to take an actuary exam. It takes about four years for ordinary people to pass the quasi-actuary exam, and then it takes three to four years to really pass the actuary exam, which is still quite difficult.

Regardless of whether they graduate from a bachelor's degree or a master's degree, graduates majoring in finance generally have employment directions such as economic analysis and forecasting, foreign trade, marketing and management. If you can obtain some qualification certificates, you will have a wider range of employment, a higher level of employment and better treatment, such as chartered financial analyst (CFA), financial risk manager (FRM), chartered wealth manager (CWM), fund manager and actuary.

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