September 21st, 2004, 9:41 am
I don't have a lot of experience with what actuaries do day to day, though I think there's some discussion of it on the Careers forum if you search there.Quant work can involve lots of different things depending on what type of job you get. Look for posts on the Career forum by Aaron; he had a couple nice overviews of some of the different roles. But basically you're working on quantitative biz problems for a trading shop, which means lots of coding and often a fair bit of math.If you can find a course on derivative pricing, you might want to take that, but otherwise stear clear of the biz school courses. Just pick up an intro textbook on this stuff and learn it yourself. "Options, Futures, and Other Derivatives" by John Hull (a fellow Canadian, over at U of T) is the standard intro book for this stuff: it gives you a quick intro to the math, the types of problems we face, and the numerical techniques you'll come across.