1, concept
Actuaries are professionals who mainly master insurance rates and other knowledge, and are talents who calculate insurance rates, insurance reserves, dividends and other data needed by insurance companies.
Financial analysts are professionals who collect and analyze financial information, determine its trends and make economic forecasts.
2. Examination content
Actuarial examination mainly involves insurance, mathematics, statistics and other professional knowledge, which requires higher mathematics. The time for ordinary people to pass actuarial examination is about 3~4 years, which takes a long time. Financial analysts need to take CFA, which is divided into three grades, and the difficulty is gradually increasing. Only those who have passed these three exams and have more than four years of financial work experience will be allowed to be recognized as financial analysts, so it is more difficult, but the contents of the two exams are different.
3. Working hours
Most actuaries work no more than 45 hours a week, but they may spend their spare time preparing for actuarial examinations.
Financial analysts will work longer than actuaries, about 40 to 50 hours a week, and will not be forced to work overtime.
4, engaged in work
Actuaries mainly study insurance knowledge, and their knowledge also serves the insurance industry, so most of them will be employed in insurance companies, mainly to determine insurance rates, claims amount and other indicators. In addition, actuaries have professional knowledge such as statistics and economics, so they will also be employed in some financial institutions, but most of them will still be employed in insurance companies.
Financial analysts will mainly choose to work in financial institutions, and finance is something that every enterprise or institution needs to know. Financial analysts can use their professional knowledge to analyze the financial situation and then find out accurate information, so some listed companies, non-profit organizations and other institutions will choose to hire financial analysts.