actually, given how your actuarial background has direct applications to insurance, you may be abel to lever those skills into developing trading models for funds based on credit default swaps (CDS). This area of finance is growing a ton and is still very young. contracts have only become standardized this year.
Big Pimpin wrote:I'm starting to consider going back to school to get my PhD (in some Math or Stats field) and am wondering if anyone has done it. Or tried to do it. Or considered it and didn't do it, but has ideas about it.
I've been reading a bunch about it online, but personal experiences would be great as well.
what would you do with the PhD? what doors would it open that you find closed right now?
I'm just not sure that what I'm doing is the right thing for me. The hours are nuts and the stress levels are off the charts. I enjoy the work and the people, I just don't know that I want to do the consulting gig forever. I could do similar work for an insurance company, but the word is it's monotonous and boring. Nine to five sounds ok now, but how long until I'd get tired of a boring job?
My old profs always thought a PhD was something I should consider, with the idea that I'd become a prof myself. And the more I think about it, the more I'm intrigued... That's all.
ever consider quantitative finance? would mostly have trading applications.
I have not. Is it risk/reward type stuff as it relates to the world of stocks?
The other thing we're looking at is maybe trying to get out of a major city. There are cool things about Phoenix, but the highest crime rate in the nation is not. We're also too far from family, so getting a break from the kids isn't easy. We'd like to find some place where things are a little slower to raise the girls.
Ideally, if we were stay in a major city, Portland, Oregon would probably be our first choice. Seattle would really be the only other option. However, I could go to Oregon State to get my PhD, and then go wherever to teach college kids. I keep getting older, they stay the same age.
Dr. Pimp. I like it.
I actually just moved out of Phoenix today. Came back home to Orange. Wasn't the biggest fan of Phoenix. Scottsdale is cool and parts of Tempe, but I don't think they try to make Phoenix look nice. Plus all of the construction for the monorail didn't help.
You have no frame of reference, Donny. You're like a child who walks into the middle of a movie...
Phatferd wrote:I actually just moved out of Phoenix today. Came back home to Orange. Wasn't the biggest fan of Phoenix. Scottsdale is cool and parts of Tempe, but I don't think they try to make Phoenix look nice. Plus all of the construction for the monorail didn't help.
I spent an extra year getting a BCL and it isn't worth the paper it's written on. All it did was put me further in the hole with student loans and confirm that I hate school. Some people like school but I'm not one of them.
yeah, im heading to grad school next year myself, probably in broadcast journalism. i dont really know what to expect, but i also know i need to get some experience in the field and the low level jobs stink