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

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veger_leong
post Feb 14 2011, 01:16 PM

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I just want to know what's so important about the Actuary professional paper like SOA?
like example ACCA/CPA is important due to Accountant need to have the qualification to sign the account, if they dont have the qualification of ACCA/CPA they will not be able to sign the account.
CFA which is just a sign to people that the holder has the investment and finance knowledge but no certain post of job/career which stated down CFA is a must. Which CFA migh just give u higher chance for applying certain post.
In these two case we know the different between CFA and ACCA/CPA, to be a accountant ACCA is a must.
So I would like to know SOA is more like CFA? or ACCA? in term of the importance.

Second, I'm 28 years old now I was graduated from Bsc Econ (which degree has exemption for the SOA VEE exam) and lately I wanted to be a actuary and I took SOA exam p and passed it then I started to look for some actuary related job but sadly...not much for entry level, Is that anyone can tell me that am I too old to get into this field? or I should pass few more paper only it will be higher chance for me to get in this field?


veger_leong
post Feb 14 2011, 02:44 PM

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QUOTE(ponomariov @ Feb 14 2011, 01:25 PM)
Why ACCA is most recognised qualification ?

First you need to work 3 years in related field to qualify.
not qualify to take but qualified as an account

Now you jump the gun..

you have papers with no qualification.
28 is not too old. the thing is ,could you accept a fresh grad pay?

Then you are in cross road.

1. I have other experience and education . they should take me

Why this thinking is wrong ?

You have experience in what ppl need and just basic education. Hiring a fresh grad is cheaper and more secure investment.

2. I won't take a pay cut.

Some ppl get lucky .. some ppl don't .. normal you jump industry you reset experience

3. If you are 28 and have no working experience. you better have a master in hand. otherwise there is not explanation why you are so late graduating.
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To be honest if i can get into this field I dont mind pay cut but u remind me maybe i should adjust the expected salary to lower level
I have working experience I used to be econ analyst and currently Im working as a research and credit analyst But still I rarely see opening for actuarial entry level...

This post has been edited by veger_leong: Feb 14 2011, 02:46 PM
veger_leong
post Apr 19 2011, 10:52 AM

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Anyone know where can we learn about the prophet modelling ? or can we download the programme ?
veger_leong
post Aug 13 2011, 12:54 AM

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QUOTE(Searingmage @ Aug 7 2011, 11:21 PM)
I have a friend studying there, and I'm informed that it's quite good. Should because I heard it from a third party source, not personal experience.
As for exam, unfortunately I am unable to help as I'm studying SoA, not UK's IOA
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hey you are studing soa as well? I just passed my second paper Exam FM so now i completed my first two paper will be doing exam c and fap for next. What exam are you taking now ya? I have no idea how is FAP working hope you can give me some advice and do you have any study guide/books for exam c? I mean soft copy : )


 

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