QUOTE(barista @ Jan 12 2010, 10:15 PM)
If you know the actual number of Actuarists in the country, you will know how difficult is it to get there. You need to pay for each and every paper. It gets harder and more expensive too. Non of the papers is being offered as part of university or college program as far as I know. You have to register and sit for the papers on your own.
However, with partial qualification, you can still work in banks or insurance companies.
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!
QUOTE(zeroXrulez @ Jan 12 2010, 10:17 PM)
Its about calculating and analyzing risk in finance or insurance industries,using maths and statistics....is it right?
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.