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by o_safadinho 3622 days ago
All of the above do have various sub-specialties. The problem is that even the CS specialties (A.I./Machine Learning/Data Mining) still don't really conform with the other fields that I mentioned. Generalized Linear Modeling is Generalized Linear Modeling; it really doesn't matter whether you are classifying risks for an insurance company or classifying text documents at some tech start up. The math works the same.

In addition to that all of the other fields that I mentioned have sub-specialties as well. An actuary can be a life, health or P&C actuary. They can work in reinsurance or predictive modeling. An economist can work in Financial Economics or Labor markets or Econometrics/Quatitative Methods.

Yet the SOA/CAS are able to come up with and evaluate a set of minimum competencies that insurance companies in most English speaking countries are able to agree on. The American Economics Association is able to bring together major international banks (Various branches of the Fed, The World Bank, Various National Banks, Consulting Companies, Law firms that specialize in Financial/Economics issues) and grad students and it gives them a common format to get to know each other and evaluate job offers regardless of a candidate's/company's specialty.