Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Life Sciences Actuarial Science or Pharmacy?, I'm super undecided on this =(

views
     
tanjinjack
post Dec 10 2009, 08:01 PM

Look at all my stars!!
*******
Senior Member
4,122 posts

Joined: Jul 2008
From: Malaysia


The more interesting job is the job that you are interested in. That's how we define 'interesting', isn't it?

Do the thing you are interested in.
And check up the Maths involved in Actuarial Science. Check up the other subjects you need to master in getting a degree in Actuarial Science.
Actuarial Science is not Maths, Maths is just PART of Actuarial Science. You can't survive with only Maths.

Perhaps, neither of these?


Added on December 10, 2009, 8:05 pm
QUOTE(mumeichan @ Dec 10 2009, 07:59 PM)
If you can't do well in further maths, don't think of actuarial studies.
*
That is not so true. Some of the Further Maths topics are not that related to Actuarial Science. TS might be strong in Maths that are applicable in AS.
Anyway, it's TS responsibility to find out what Maths involved in AS to know if it's his/her cup of tea.

This post has been edited by tanjinjack: Dec 10 2009, 08:05 PM
tanjinjack
post Dec 10 2009, 10:18 PM

Look at all my stars!!
*******
Senior Member
4,122 posts

Joined: Jul 2008
From: Malaysia


I must make the statement that, please consider other options as well.
If you have certain commands on Physics, I may suggest Chemical Engineering for your interest of Chemistry as well as Maths.

But like I say, if you want to consider Actuarial Science, look into the Maths content.
Do a search of "The Truth About Actuarial Science" in this forum and read the first post.
You might regret if you choose not to do read that and decide on AS.
tanjinjack
post Dec 11 2009, 12:37 PM

Look at all my stars!!
*******
Senior Member
4,122 posts

Joined: Jul 2008
From: Malaysia


I also must point out that, by becoming an actuary, your likely working environment will be in an office, and you will be facing probably Excel or other spreadsheet software in doing your job.
Yes, you need to be with friends with Excel. Don't worry though, you have lots of time to enjoy with it in your undergraduate studies shall you to pick it up.

tanjinjack
post Dec 11 2009, 02:58 PM

Look at all my stars!!
*******
Senior Member
4,122 posts

Joined: Jul 2008
From: Malaysia


QUOTE(tehtmc @ Dec 11 2009, 12:54 PM)
Everybody consults a pharmacist at some time or other but not everybody deals with an actuary.

Actuaries are employed mainly by the insurance companies and I was told only the big ones employ actuaries  and even then one company only employ one actuary. How many actuaries can the market absorb?

Excuse me if I'm being ignorant but I have been wondering whether they are enough job openings for actuaries with the growing trend among young people taking up the course. Of course many are attracted to it when they hear about the lucrative salaries.

One thing to bear in mind, you can have your own business if your are a pharmacist but not if you are an actuary. The job market seems very limited, doesn't it?
*
There is a large group of AS graduates get absorbed into other industries, which is may or may not be related to risk analysis.
AS graduates are highly sought after due to their excellent mathematical skills, which is very important for sectors like finance, banking etc.
Take a look at the graduates in UK, not a lot get into insurance companies but still a lot get employed.

And, risk analysis doesn't constrain themselves into insurance industry only. More and more companies are seeking a way to reduce the risk they may have in their projects and hence more and more risk analyst will be required.

Mind you, take a look at the insurance industry in US, and you will know why the Northern American magazines usually rank actuary being among the best jobs.
tanjinjack
post Dec 11 2009, 06:03 PM

Look at all my stars!!
*******
Senior Member
4,122 posts

Joined: Jul 2008
From: Malaysia


QUOTE(tehtmc @ Dec 11 2009, 04:07 PM)
tanjinjack
You are talking about job opportunities for AS overseas in advanced countries like US and UK. What is true overseas may not be true in the local context. Unless you don't plan to be based in Malaysia.

My question is: is there the same good demand for AS  in Malaysia as the advanced countries? Which other industries like you said employ AS other the insurance industry? I suppose you have to hear this from people in that line.
*
Well, before the economic recession, A LOT of AS graduates of Malaysia in overseas get absorbed at there, especially for the case of US. But the unemployment issue being at its peak in US, I doubt if there will be some who can secure a job there.

In Malaysia itself, I would think that AS graduates don't work in insurance companies. Some of them join forces in banking and finance.
I don't know, but the ASM (Actuarial Society of Malaysia) claims that we lack actuaries in Malaysia now.

 

Change to:
| Lo-Fi Version
0.0112sec    0.61    6 queries    GZIP Disabled
Time is now: 24th November 2025 - 11:58 PM