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Business The Truth about Actuarial Science, It is not only about the Math

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Critical_Fallacy
post Jan 9 2014, 10:40 PM

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QUOTE(mumeichan @ Jan 9 2014, 09:49 PM)
I've been recommending Spivak's Calculus for year and I doubt any one here has ever bought that book to actually test if they like math or not.
You mean the "Yellow Pigs"? sweat.gif
Critical_Fallacy
post Aug 25 2014, 02:21 PM

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QUOTE(BenMO @ Aug 25 2014, 07:57 AM)
I am a mature student currently going to school in Canada. I have two program choices to choose from and they are undergraduate Actuarial Mathematics program and undergraduate Civil Engineering program. I have been accepted to both programs and have to choose one of them by the end of August. I love pure math and my GPA has been excellent so far.

I hold a previous mechanical engineering degree from overseas which is not in demand very much in North America and that is why I am back to school again. I have heard that entry level actuaries would have better job opportunities in comparison with entry level civil engineers. Do you think this is true? what is the current job market like for entry level actuaries?

I understand that in order to become an entry level actuary one must study very hard for at least four yours. Beside all personal preferences and circumstances,  there are other things to consider, including employment outlooks, potential income opportunities, jobs available etc that are equally or even more important.  Considering all these, I would like to seek your advice and opinions and know what your thoughts are about these two educational choices.

Thank you for your time.
To you, it seems that Job Security takes priority over any other matter. However, I'd like to explore your perspectives on Mathematics before commenting. Think about the maths you’ve done so far. icon_idea.gif

(1) What do you think Mathematics is?

(2) Why is Mathematics important? (What’s this good for?)

(3) How do students go about learning Mathematics more effectively?

(4) What is the contribution of Mathematics to your professional working life?
Critical_Fallacy
post Aug 29 2014, 02:00 AM

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QUOTE(BenMO @ Aug 29 2014, 01:28 AM)
Thanks for your comments. I love math. I always scored excellent in math.
Is it really difficult to get Mechanical Engineering jobs in America? As far as I know, STEM graduates (Science, Technology, Engineering and Mathematics) are among the most sought after. If you are looking for jobs, find someone who’s working in your field and get to know them. Having a contact already at the firm is always better than cold-calling through the job boards.

Actuaries are required to have an understanding of the mathematical structure underlying insurance and financial security systems, and thus must have a strong background in discrete mathematics, applied statistics and business. Are you ready? icon_idea.gif

 

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