Quote:
Originally Posted by
CGM
VM, Before I got into insurance and actuarial work, I played with Mortality and demographic statistics and standard formulas to develop insurance pricing models uising Lotus 123 and Excel. On my home computer. And I showed all this stuff to a guy who ended up hiring me.
If you are into investment banking, or want to be, you can work with historical financial data that is available on the net, putting your own ideas about investments to the test to see how they would work over time, that sort of stuff. Just an idea.
I actually did up all sorts of models on my laptop, bond duration, pricing, Black Scholes option pricing, etc. Nobody really cared.
I just interviewed for a gig in commercial banking. They said I was "too senior." They sent my resume to corporate credit, underwriting bonds and all that. But no dice. so I wrote back to commercial banking and no openings.
With all this said, I COULD go into financial advising. But with these markets, who the hell is buying? People are freaking over their investments... and there's no way anyone could make an $8million quota right now. Not in St. Catharines, Ontario, the second lowest median income in Ontario....