I wonder is it a tradition for students to pass 4 ~ 5 papers before even graduating now a day. I have 2 seniors that passed 5 papers (Exam P,FM, MLC, MFE and C) within 3 years of undergraduate study, and a few that passed roughly 3 papers in 2 years. I am referring to UCSI university. I am curious about the actuarial development progress of local students from UM, UKM and UTAR. How many papers do we need to pass upon graduation to stay competitive? Please share some information if you are/were an actuarial science student.

Actuarial field in Malaysia is flooded with actuarial graduates! Many of the student in Malaysia are still misled by the fantasy that actuarial science degree = qualified actuary = high pay salary which is not true. Many of my friend (local graduate) are struggling to get a permanent job in actuarial department in insurance field even with few papers on hand. Many ended up in risk management, finance or data analyst. Quite sad.

This post has been edited by Michael_Light: Jan 27 2016, 09:33 PM

Currently Ukm gives 2 vee credit while UM gives 3 vee credit. However new syllabus is kicking in for SOA so not sure if this still relevant. Other than that, both degree is equally recognised in the industry, so just grab whichever you get.

VEE credit is part of requirement for you to obtain the Associate title other than exams, module etc. You will be granted exmption for VEE if you get certain grade for approved subject by SOA.

The traditional field for actuaries are life and general insurance. Actuaries also work in bank, takaful, consultancy and so. Do note that not all people doing actuarial job are actuaries and vice versa.

VEE will only affect you when you want to obtain the ASA title. If you are short of VEE credit, then you must either go back to university to attend certain subject or take online course endorsed by soa which can cost up to 1k+- USD. Note that VEE is not exams but courses, they provide exposure for non-actuatial related stuff like economics, corporate finance etc.

This post has been edited by Michael_Light: Apr 12 2017, 09:40 PM

This industry is saturated with entry level grads for Malaysia market. Most freshie struggle to get an entrance ticket for actuarial related job and have to take up non-actuarial position or many is offered contract position. However, IMHO experience staff with good paper progression is still well appreciated.