QUOTE(monkeyseemonkeydo @ May 23 2009, 05:13 PM)
Good point, communication skills is one of the most valued commodity in the actuarial world. This is because what we do in the field is so technical, that normal people will never be able to understand it. Thats is why, we need good communication to be able to present our work in laymen form to higher management. In fact, two of the UK institute papers are based around communication as the Institute has realised how important this skill is to the field. And that is why, I do stress that having a good command of English is necessary to succeed in the actuarial world.
In my opinion, the reason why more and more people with AS degree are venturing into other fields is because they cannot cope with the exams pressure and have decided that they do not want to be an actuary. However, with a degree, we do know how to manage any financial risk, and that is probably why people venture into risk management, which is extremely big now, due to the credit crisis. But bear in mind, that not all companies provide study support to these graduates, and they will most likely end up as risk managers, not actuaries.
Added on May 23, 2009, 5:23 pmI believe that if someone is not too sure whether they like this profession, they should do more research, talk to some actuaries and go do an internship. The work of an actuary and an accountant is so different that it is hard to compare them both on an equal footing. It all boils down to the individual, I guess. I personally never saw myself as an accountant, hence the choice was easy. I do agree though that when an accountant moves to management, he would need the same qualities, however, the question is, would you like the work thrown at you before you become senior management?
I'm going to be very biased now, and say that it is true that accountants do have more flexibility, but so do actuaries. The fact that qualified accountants are a dime a dozen, is probably gonna make competition tough. Actuaries are elite.
Added on July 23, 2011, 7:08 pmQUOTE(monkeyseemonkeydo @ May 23 2009, 05:13 PM)
Good point, communication skills is one of the most valued commodity in the actuarial world. This is because what we do in the field is so technical, that normal people will never be able to understand it. Thats is why, we need good communication to be able to present our work in laymen form to higher management. In fact, two of the UK institute papers are based around communication as the Institute has realised how important this skill is to the field. And that is why, I do stress that having a good command of English is necessary to succeed in the actuarial world.
In my opinion, the reason why more and more people with AS degree are venturing into other fields is because they cannot cope with the exams pressure and have decided that they do not want to be an actuary. However, with a degree, we do know how to manage any financial risk, and that is probably why people venture into risk management, which is extremely big now, due to the credit crisis. But bear in mind, that not all companies provide study support to these graduates, and they will most likely end up as risk managers, not actuaries.
Added on May 23, 2009, 5:23 pmI believe that if someone is not too sure whether they like this profession, they should do more research, talk to some actuaries and go do an internship. The work of an actuary and an accountant is so different that it is hard to compare them both on an equal footing. It all boils down to the individual, I guess. I personally never saw myself as an accountant, hence the choice was easy. I do agree though that when an accountant moves to management, he would need the same qualities, however, the question is, would you like the work thrown at you before you become senior management?
I'm going to be very biased now, and say that it is true that accountants do have more flexibility, but so do actuaries. The fact that qualified accountants are a dime a dozen, is probably gonna make competition tough. Actuaries are elite.
Hey, I do have interest in the Actuarial Profession. But I want do some research before I make a decision. Do you know that where can I find a qualified actuary in Malaysia? or in Sabah? I'm from Sabah. I would like to talk with them to gain more informations about this career. Thank you and please asap.
Added on July 23, 2011, 7:12 pmQUOTE(Searingmage @ Jul 2 2011, 09:32 PM)
My personal opinion is, exemption is more important than the ranking of your university..
You can graduate from the best university in the world from degree in actuarial science, but if you don't have professional paper, you will be treated just like any random people.. Of course, quality of education is also important to help you in your further papers..
SoA(I assume SAO is a typo) is a us actuarial society, so naturally there isn't any uni in UK that offer SoA since they have their own body..
Hey, I do have interest in the Actuarial Profession. But I want do some research before I make a decision. Do you know that where can I find a qualified actuary in Malaysia? or in Sabah? I'm from Sabah. I would like to talk with them to gain more informations about this career. Thank you and please asap.
This post has been edited by AceSaboLuffy: Jul 23 2011, 07:12 PM 
May 19 2011, 08:26 AM
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. Btw, even if working in actuarial field like insurance, investment and real estate, you won't get to do anything much when you're first employed anyway. Of course, when interview that time they will ask the person lor why he didn't take the paper. And they're not short of people from good universities with papers too. But if someone perform well during the interview together with a good university background, nothing's stopping him from landing the job. Paper can come later.
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