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 Actuarial Science in UK

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tabbycat
post Jun 5 2009, 09:56 AM

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Wow! I like this topic! Jinjack you have done a very thorough research on actuarial science course!!

Well, the actuarial science course in waterloo is said to be the best in the world. The uni itself is a considerably good uni, although I wont say best, but as I mentioned earlier, the actuarial science course there is regarded highly. Some insurance companies in Msia only hire interns from Waterloo uni. This was told by one of the companies.

Wisconsin Madison is a good uni too, but it is definitely not cheap to go there since it is a private uni. It has good rankings, but I would say that if comparing actuarial science graduates from both Wisconsin and Waterloo, the ones from Waterloo should be more sought after.
Again, you can do ADP 2 years programme in most of the colleges in Msia i.e. HELP, Inti etc and if you get considerably good results, Wisconsin is one of the universities on the list where you can transfer your credits too..

Coming back to UK actuarial science course. LSE's actuarial science is not as strong as City's. City's actuarial science graduates are more knowledgeable in terms of actuarial knowledge compared to some of LSE graduates. Of course i wont generalise this as a whole, but this is the experience one of my LSE actuarial graduate friends related to me, when she is working in the firm, the City graduates have a better grasp of actuarial knowledge. However City might not be as tempting as LSE in terms of global reputation, and this is the obvious reason why LSE would be chosen over City. If I had an offer from LSE and City, I would have chosen LSE too!
However LSE is said to emphasize more on graduate teachings. Undergraduate teachings does not seem to receive as much importance as research at graduate level. Try checking out the satisfactory of undergraduate students scores in the university rankings tables. Google them, and you would perhaps see that the score of LSE in this section is relatively lower compared to other uni, if I am not mistaken. I would say that City's teaching qualities has an edge over LSE.

Warwick MORSE is indeed quite a highly regarded course in UK. And to get into a four year course of Warwick MMORSE, you need at least a second upper class from your second year. Even if you are only doing 3 years MORSE, you can still gain about 3 to 4 exemptions from the professional papers, if you are doing exceptionally well in certain exams in MORSE that entitled exemptions. Warwick do not have generous scholarship though. There are only two scholarships relevant to us, namely the Malaysian scholarship, and MORSE scholarship.

oh ya! LSE is very generous in terms of financial bursary btw. haha! And it has a very huge presence of international student presence there, so it is not right to say that they are not open to international students. Well, which UK universities would be not open to international students?? Because we are the cash cow to them, as simple as that. smile.gif

Honestly speaking, I would advise people to go to universities with better rankings although the course you want to do there might be second to another university whose ranking are not that great, but appears top in the course you want to do. Some employers in UK only targeted certain universities when it comes to recruitment. So my thinking is that even though if you are doing a course which is the top one in UK, but unfortunately in a not really prominent uni, you are going to miss out alot on the career fairs opportunities etc.

If you really want to go UK uni, especially certain uni like LSE (not only actuarial science course), ask the college education counsellors what modules are more preferable by LSE in terms of getting in. During my year of application, LSE asked for 3As as entry requirement, but they totally disregarded the "A" in Accounting. The 3As have to come from another three modules you do, not including Accounting. I am not sure how the entry requirement are like now.. but nor harm checking this out. Whats the point of doing Accounting if you want to go LSE, but LSE did not consider the A in this subject at all?!

Hope this shed a little light over everyone's doubt! smile.gif

P/S: jingjack where are you doing your Mech Eng btw?

tabbycat
post Jun 6 2009, 12:01 PM

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Jinjack unfortunately I am not really in the position of commenting about US system. I am a student at UK, well at one of the universities you guys mentioned, and everything I commented up there was what my friends in respective universities related to me, or I experience it myself. You can still practise Actuarial Science too even though you are doing Mech Eng. In UK, I feel that employers look for overall ability and personalities. These seemed to be more crucial to them rather then you having a relevant degree to the job they are recruiting i.e. accounting and finance degree for jobs in Big Four. This is stg very different from Msia employment.

Baoz, your friend must be really really outstanding to be grabbed by banks even before he graduated!!!!!! When did he graduate? Is he still working now? Mind to tell which bank is he working in??smile.gif

tabbycat
post Jun 6 2009, 05:04 PM

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Yes a lot of redundant cases but these banks are still taking in interns very actively though.. hmm

 

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