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Engineering Engineering vs Actuarial Science, engineering actuarial science finance

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RyukA
post Apr 2 2012, 09:19 PM

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QUOTE(yoga988 @ Apr 2 2012, 06:30 PM)
Just open a topic about Engineering vs Actuarial Science & Actuarial Science vs Finance,Econ.

It maybe lame to certain person but I'm really struggling between these choices.

If I'm a math and physics lover, so which course should I choose? and of course my math is better than physics and my general paper is the best. Frankly speaking, I don't like Chemistry.

I'm struggle between Actuarial science or Engineering.
If I choose AS, would it be better to choose Finance or Econ if I want to work in investment bank or finance field?
*
Unless money is of the greatest concern to you in life, pursue your dream in the sciences. Actuarial Science and finance
are just everything about money, insurance, financial risk and other hot stuff.
Having lots of friends doing pure science degrees, I understand how that can be a "pain" or burden to study something you
dont really like. similar analogy outline the "fails" of education guidance, when not all people that love biology tend to like medicine, yet society puts pressure on that regard.

if you like mechanical sort of stuff, stick to engineering. Want to think big, and clear of what you want to achieve, go for pure science degrees.
but of course, unless you really have a strong desire to do business, or craving to work for some "multinational big buck companies", then finance related degrees might serve to meet ur self criteria.

My lecturer actually joked about it, in a rather sarcastic way:
there's 3 type of student in this programme:
One thats just concerned about money, one thats pre-programmed to accomplish all the exams but have no clue in life,
the others are just seemingly smart people that dont know where to go.

So, always be clear of what you want to achieve.
RyukA
post Apr 3 2012, 12:55 PM

On my way
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Senior Member
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Joined: Jan 2010


QUOTE(ComingBackSoon @ Apr 3 2012, 02:03 AM)
There are less than 10 qualified actuaries in Malaysia, and many AS students I know are considering an alternative career. Many of them actually question why the government would send so many scholars to study an AS degree when they know there wouldn't be many such jobs available when the students graduate.

The fact is, the financial market in Malaysia is not that sophisticated yet and there are not many relevant opportunities for an actuarial science student.

That being said, like what LightningFist pointed out, an AS degree is a versatile one and would open doors to a wide range of careers because of its versatility.
*
this is like the Statistics for 8 years ago.
Nowadays, you can easily find 300 qualified actuaries back in Malaysia.
not to forget, alot of actuaries that work for multinational firms dont register with ASM, as
these people are always flying around.

Actuarial students have hard time finding job, is because of the naivety of the job industry,
to always recruit based on degree relevance (unlike overseas, firms do recruit art students to do science related jobs).
That's when actuarial students get hanged up halfway through the process.
Tell me bout how JPA utilize actuarial scholars well, when some of em are working under customer relation in Bank Negara.
but then the irony strikes back, if I would want someone to analyse demographics, I will still employ statisticians ahead of actuaries, sadly.
so for now (atleast the time being), pension funds, life/health insurance, and general insurance is still their home. To do the boring math, so the marketing department can carry out their work.

Fields for stat, economics and actuarial wont be widen much, as long as the public education lack exposure bout these fields.


RyukA
post Apr 3 2012, 11:02 PM

On my way
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612 posts

Joined: Jan 2010


QUOTE(LightningFist @ Apr 3 2012, 02:00 PM)
The central bank couldn't even find a decent position for an Actuarial graduate... ??!! I guess that is the setback of a bond. I mean, there are any number of things an Actuarial graduate could do at the central bank... customer relations or any customer facing support role just sounds ridiculous.

Agree, statisticians will probably be more suitable. Actuaries don't really care for demographics, that is for the students haha.
*
frankly speaking, its not the central bank, but JPA themselves cant decide how to put em well, so
they usually tell the scholars to seek out opportunity in SOCSO and Bank negara,
then again the HR part of these departments are quite useless in assigning you to the right place. so, there you go.


 

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