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

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trapezohedron13
post Jun 22 2010, 09:45 AM

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jpysh2004, are you in an actuarial field or background?
trapezohedron13
post Jun 22 2010, 03:43 PM

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QUOTE(jpysh2004 @ Jun 22 2010, 02:54 PM)
I am just an actuarial science student...haha...and I have done enough researches before i choose this major. Somehow, i find many information here are misleading.
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You are right. I did not go through every single post but from the last few, i noticed that the main fuss is the mathematics part and career prospect.

Actuarial mathematics is beautiful.
trapezohedron13
post Aug 6 2010, 11:42 PM

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QUOTE(gary12345 @ Aug 6 2010, 07:42 AM)
Thank you monkeyseemonkeydo for posting these informations !
I love acturial science !
I'm just form 4 this year ...
I would like to do acturial science in future because i like Math which you've mentioned for the first one .
Well , after i read this post ...
I actually got scared ...
haha ...

But my main target is to get " high salary " in future as i'm spending a lot of money now ... ( approximately 3k per month ) ...
hahah
what should i do ???
Can you give me some advice ?
Thank you !
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If you like math, do a degree in Math or Engineering or Physics.

Salary-wise, it's the same as any other graduates. The only difference is the external examinations. And the good news? You can take it even if you're doing Domestic Science. My advice is to finish your SPM first, and think about it later. An actuary does not deal with much mathematics when they're working. Only if you're research-inclined that you'd use more maths.
trapezohedron13
post Aug 9 2010, 06:37 PM

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QUOTE(mumeichan @ Aug 9 2010, 01:10 PM)
Accounts has really nothing to do with the actuarial field. Economics and Finance are related and the related parts are mostly quantitative too, in other words, applying more complicated math.
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Oh no, accounting has got to do with the actuarial field. You're under the SOA? Seriously, the math we're dealing with is nothing compared to those physics and engineering students are doing. Actuarial science deals with the qualitative part of economics and finance too. Since you're in SOA, you should be aware of the Economics and Corporate Finance credit.

And add maths is essential for pre-U mathematics. If you can't do well in add math, then consider doing other less math-intensive course.

trapezohedron13
post Aug 10 2010, 09:39 PM

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Hahaha... interesting. Actuaries have traditional and non-traditional roles too. It is still evolving, and there is no correct answer of whether something is related to actuarial field. Be open minded. There are people combining genetics and actuarial research even. The possibilities are there.
trapezohedron13
post Dec 22 2010, 10:42 AM

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oh, the textbooks are really... sad.gif
trapezohedron13
post Dec 22 2010, 10:49 PM

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If you're intending to do research or continue with masters and doctorate for actuarial studies, then the textbooks are relevant. Otherwise if you are just studying for exams, dont even bother the text books. Go for the study manuals which only teach u what you need for the exam, and plenty of practice problems. Straight to the point and guaranteed to pass your exams if you can do all the practice exams (and understand them!). Of course this is only true for the preliminary papers. For the further papers, much reading, comprehension and self-study is required.

 

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