just curious, let's say i'm taking the professional paper from IAA, that means i got to do part I, part II and part III to become a fellow right?
however, i can get my part I and part II done in university, so does that mean that when i graduated, i'll be an associate?

no.
you satisfy the Educational requirement for Part I and II, but you need to attend some required courses, working experience, a seminar module and stuff.
Provided you can pass through everything in single seating (thats if you are an awesome genius), you can finish everything in bout 6 years.

You need to clear even more specialised modules to be a fellow, while you need solid working experience for becoming an associate. Oh, and also dont forget all the assessments and papers.

owh... ic ic ... thanks for clearing it up for me =D

Hey ! Anyone can help me? Which local university that prefer to study in actuarial science? Can someone list them?

Local Private? or Local public?

UKM & UTAR are quite reputable. (among all the local ones, of course).

Want a good twinning programme, then go for HELP University.

Hmm..I want local Private

Local private you only have two choices, UTAR and UCSI.
I believe UTAR will be a better choice in this case as it is more established already.

Thanks
Which one course that relate to the actuarial science?

Statistic will be the most related I guess..
But I can't give an objective opinion as I've only take AS course before only.

What are u trying to ask?

On another note,
Btw existing UTAR students, is there any (postgrad, undergrad) research program that UTAR implicitly or explicitly offers?

-Doesnt matter if its Non-award. In fields of Statistics, Actuarial, Finance, Mathematics.

For degrees, concentrations, and majors, there are many:

Actuarial Science or Actuarial Studies (also with/and Risk Management, Insurance, Maths, Statistics, Economics, Finance etc)
Actuarial Mathematics
Actuarial Management
Actuarial Statistics
Actuarial Finance
Insurance and Risk Management
Mathematics, Operational Research, Statistics and Economics
Financial and Insurance Mathematics
Mathematical Risk Management

Others that are less closely related you may be interested in:

Statistics
Business Mathematics and Statistics
Statistics with Finance
Quantitative Finance
Applied Mathematics
Financial Engineering
Data Mining
Statistical Computing
Applied Finance
Finance
Financial Mathematics
Mathematical Finance
Economics
Mathematics
Accounting
Commerce
Business
Science

IINM, there are applied maths, statistic etc.. No actuarial, finance not too sure..

Guys if you want to study for the actuarial exam, just buy a study guide and some textbooks. The degree doesn't matter so much. Unless it's an actuarial degree, the classes you take probably won't cover the same material anyway.

Hi, I am new here.

I studied American Degree Transfer Program(INTI) majoring in Actuarial Science for five semesters and I should be getting ready to complete my degree in America (University of Nebraska Lincoln) in this August. But Im worried that the expenses for the 2years program there will be a huge burden to my family.

Looks like for now, studying overseas and local doesn't really make a big differences. For example, decades ago, companies will likely prefer to hire someone with a degree from overseas. So..I am considering to continue my studies in Malaysia(UTAR/ UCSI). I actually prefer UKM but Im afraid I that couldnt reach their qualifications (STPM/Matriculation) to apply. Im kinda lost here.

I would like to ask opinions from all if I am on the right direction to give up on studying Actuarial Science abroad and to study at local universities such as UTAR?

My personal experience is that it doesn't really matter which university you come from.
Even if you come from the best university in the world but progress poorly in your external, employer usually still prefer those with more external papers.

Quite right. To be an actuary the paper qualifications and experience components are very important, more than the "top school" factor that other fields (banking, finance, consulting, law) sometimes select for in addition to excellent results.

In fact, you'll notice many top schools don't even teach Actuarial Science! In Britain I can think of LSE and Warwick University, but they don't even have (for now) full exemptions! The major ones are City University (Cass Business School) and Kent. Although, if you did Mathematics at Cambridge University you might have as much of a shot for en entry level role as someone who did an Actuarial undergrad. So long as you show the willingness and potential to do exams. It's not about the degree - Accounting or Finance backgrounds are common too. In the US you can go to Wharton but it's not a straight Actuarial degree. Plus no major exemptions in the US anyway. NUS only has a joint Actuarial degree. Australia has quite a few.

I read a couple of posts on the top that mentioned that they're considering majoring in Mathematics based on their SPM education. I don't think that's wise. I'm a year two student majoring in Applied Mathematics in NUS and I can tell you that you should never ever base university level mathematics to that of SPM. I personally did not take A-level so I can't comment on that. I did ontario sec sch diploma as my pre-u. Did rather well for advanced functions and calculus which turned out to be relatively useless in preparing me to the horrors of calculus in NUS.

I'm dabbling in IT right now as per requirement of my major. Might go into algorithms and e-commerce security. All I can say is that the perception that your degree is going to dictate your future career (not job) is quite naive. However, it is very important that whatever you plan on doing, you need to excel. If you find your grades amongst the average, do something extra. This is what I personally feel that Malaysian students are lacking.

P.S. in actuality, holding a degree in actuarial science does not mean you're a qualified actuary just as holding an engineering degree does not mean you're an engineer. A degree is no longer the highest level of education that will guarantee you a decent life. You need to learn how to market yourself.

This post has been edited by clumsyvonne: Jun 12 2012, 03:35 PM

Study overseas will be better for your communication skill. You will learn to speak out in proper English and learn a lot more regarding finance industry and insurance industry. Besides, education in US focus more on team works and discussion and not just anything from the textbook. I had one professor who will release exam question based on real world stock market situation. I think professor in Nebraska-Lincoln is rather good(my friend is studying over there while I'm in another University). You would be able to pass all your preliminary papers within 2 years of your education over there if you work hard. There will be distractions of travelling around the states and making new friends but try to balance it and you will succeed. =)

In your situation, I think either you sacrifice (a lot of money plus less time)=ADT or (less money plus a lot of time)=UTAR/local...

Based on what you have said, I assume that you come from the middle class of family.. If I were you, I will choose to study in local.. and of course, local U grads is not as attractive as oversea U.. but most of the employers do not really care which uni that u studied at if you have passed all the soa papers (if cant, try all the prelims).. which will make a big difference for you..

Jom.. we study harder for those difficult exams..

I've been wanting to say this for a long while. SPM mathematics, math and add math, are a joke. Many people think Add-math is hard? It's not even up to standard.

I can definitely understand the irony of wanting to take mathematics degree based on thinking it as a continuation of SPM level maths.

This post has been edited by Vaedoris: Jun 14 2012, 11:00 AM