Jan 13 2010, 04:14 PM
QUOTE(maggi @ Jan 13 2010, 12:41 AM)
ya ...
u may find many ACCA holders in the market , but to pass actuarial science is very tough , much more tougher than ACCA , dats y they are very rare
Both are equally tough,u may find many ACCA holders in the market , but to pass actuarial science is very tough , much more tougher than ACCA , dats y they are very rare
depending on necessary skills, prior knowledge, ability to analyse,
It requires more proving of figures, and explanation than theories.
That itself kill people that purely memorises facts.
Passing AS is not tough, but passing all, is tough.
Added on January 13, 2010, 4:21 pm
QUOTE(mumeichan @ Jan 12 2010, 11:27 PM)
No, a computer program can do that for you. It's about using everything you've learned to determine how much you will gain or lose from making any investment, whether material or immaterial. Math and statistics is a big part of it, but it's far from everything you'll need. Just because you have an actuarial degree doesn't mean you need to become an actuary. Actually an actuary isn't any particular job, different companies have different names and different portfolios. Being an actuary just means you're accredited by some actuarial organization.
"you have an actuarial degree doesn't mean you need to become an actuary"should be said:
You have an actuarial degree doesnt mean you are an actuary.
the degree is just like any other economic/commerce/ math degree study load.
But the one that filters, is the professional examinations.
An actuary is a job, but the demand is so rare, limitting it to actuary consultation firms. Big commercial firm dont require actuaries
all the time. thats why some of them pick 2 or 3 careers. 1 with full commitment to the firm( under certain portfolio like u said)
and others with just the job to do consultation.
The actuarial degree holders learn economics and financial methods into greater depth than other financial careers, which highlight their
advantage and ability to do the job well in various firms.
Added on January 13, 2010, 4:28 pm
QUOTE(tanjinjack @ Jan 12 2010, 10:31 PM)
There are few parts in the whole system. I'll take the UK system as I am more familiar with it. The US system comes close to it but has small difference.
Following the UK system, there are 4 parts. You need at least 2 parts to be called as the layman-term "professional actuary". It's an AIA/AFA actually.
The very first part, can be exempted fully (except one seminar to attend) through university education. The 2nd part, people usually complete it while working as an actuarial trainee. What makes things tough, as far as I am concerned, is the "work and study" mode.
And one thing, the small number of actuaries is because a lot of them stay overseas to earn more golds!
Ya, consider correct. And you sure you are interested in it? Or you are just interested in something who people say only restricted to those with outstanding Mathematics skill (which is actually a myth at all). I should say, Actuarial Science, is a course over-promoted.
Over-promoted for its drop out rate that so many suspect its most probably the math load.Following the UK system, there are 4 parts. You need at least 2 parts to be called as the layman-term "professional actuary". It's an AIA/AFA actually.
The very first part, can be exempted fully (except one seminar to attend) through university education. The 2nd part, people usually complete it while working as an actuarial trainee. What makes things tough, as far as I am concerned, is the "work and study" mode.
And one thing, the small number of actuaries is because a lot of them stay overseas to earn more golds!
Ya, consider correct. And you sure you are interested in it? Or you are just interested in something who people say only restricted to those with outstanding Mathematics skill (which is actually a myth at all). I should say, Actuarial Science, is a course over-promoted.
without knowing,
a good command of language is important, a persistent nature,
investigative and logical reasoning, patience on research matters.
by a senior lecturer ( F.I.A Aus) on Actuarial Studies.
This post has been edited by RyukA: Jan 13 2010, 04:28 PM
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