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 Actuarial Science, Is the job market wide?

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clngu
post Jun 9 2008, 09:47 AM

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QUOTE(ysh_kobe @ Jun 9 2008, 12:14 AM)
hope you can bring some correct and precise infos for us bro...... notworthy.gif
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sure. where got 200k school fee for AS. earning 200k as AS only make sense.
Flybaby~
post Jun 9 2008, 09:56 AM

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QUOTE(clngu @ Jun 9 2008, 09:47 AM)
sure. where got 200k school fee for AS. earning 200k as AS only make sense.
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i think he meant including the living cost.
it'll be around 200k for two years including living cost.

clngu
post Jun 9 2008, 10:12 AM

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QUOTE(ysh_kobe @ Jun 9 2008, 12:14 AM)
hope you can bring some correct and precise infos for us bro...... notworthy.gif
*
just asked one of my colleagues in Actuarial Department. I copy and paste the info.

You study Acturial Science rite? ya
From which university? UKM
What is the title of the course? Bachelor of Science (Actuarial Science)
How many year to complete? 3 yrs
How much is the school fee? Depends on what subject you taking but I would say one year around RM 2,000
Is it including first 4 papers of acturial certificate? One paper also dont have, have to start from paper 1...... no exemption.....zzzz

TSysh_kobe
post Jun 9 2008, 01:23 PM

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wah......jz imagine RM100k 1 year at oversea ah? Is this rich boy's budget or i'm too naive?
clngu
post Jun 9 2008, 01:43 PM

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100k expenses a year in overseas just for AS degree, stupid move.
TSysh_kobe
post Jun 9 2008, 01:45 PM

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is it logic?? I mean ppl do medic at oversea till finish also half a million only........
Flybaby~
post Jun 9 2008, 02:05 PM

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its lik saying goin oversea to study accounting is stupid since it's just numbers.
do u agree to that statement?
u should do some research on the benefits of studying oversea before making such statement.


Added on June 9, 2008, 2:06 pmi'm refering to clngu statement btw

This post has been edited by Flybaby~: Jun 9 2008, 02:06 PM
TSysh_kobe
post Jun 9 2008, 02:13 PM

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I think clngu means the expenses..... anyway, i got offered accounting from UNITEN........ should i go for it? the most anticipated results would be released 2morrow. going oversea program....
clngu
post Jun 9 2008, 02:35 PM

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Flybaby~, find the AS degree programme cost RM 100k, am interested to know which university in this world offer it.

guess you need to do research before making any comment.
Flybaby~
post Jun 9 2008, 02:43 PM

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if wat u mean is tuition fees + living expenses for a year, i can definitely give u an answer. when u say expenses naturally it would mean all the cost associated in obtaining the degree. if wat u mean is tuition fees then fair enough but ur selection on using the word the expenses(for tuition fees) would have to be edited.
i'm not flaming an argument here. there just might be a confusion in some of ur selection of words to me. so no hard feelings k?
clngu
post Jun 9 2008, 02:48 PM

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i do agree with living expenses definitely need 100k or more with our today weak currency. study overseas become more and more expensive nowadays. cheers. icon_rolleyes.gif
kanzakicyn
post Jun 9 2008, 05:24 PM

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QUOTE(clngu @ Jun 9 2008, 12:04 AM)
am never heard study AS so expensive, just a degree programme. even taking professional cert also won't cost 200k. will check with my colleagues and friends about it.
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it is that expensive including the expenses fee when ur staying in utar, one subject in inti cost about 1.2k for the 2 years in inti and then 2 years in america university including montly expenditure and accomodation in uni's hostel.

the external paper is cheep and u can apply for student's discounted rate. Around US100 per paper.

u see, it is roughly around 5 subjects per long semester and 3 for short semester in inti x 2 years = 26 subject

26 x 1200 = RM31200
RM200000 - RM31200 = RM168800 (this does not include those extra recration development fee charges by inti during the 2 year course)
RM168800 / 24 months in america = RM7033.33333
RM7033.3333 convert into USD2,155.4805 per month including daily expenses, accomodation, and also school fee and all those extra fees the uni charge.

Thats about it........


Added on June 9, 2008, 5:24 pm
QUOTE(ysh_kobe @ Jun 6 2008, 10:48 PM)
erm.... sis kanzakicyn, any gal from sabah taking this course in this new intake?
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i know a few from thsi may intake


Added on June 9, 2008, 5:37 pm
QUOTE(clngu @ Jun 9 2008, 10:12 AM)
just asked one of my colleagues in Actuarial Department. I copy and paste the info.

You study Acturial Science rite? ya
From which university? UKM
What is the title of the course? Bachelor of Science (Actuarial Science)
How many year to complete? 3 yrs
How much is the school fee? Depends on what subject you taking but I would say one year around RM 2,000
Is it including first 4 papers of acturial certificate? One paper also dont have, have to start from paper 1...... no exemption.....zzzz
*
u see, he is studying in UKM which is university kebangsaan malaysia and it is a PUBLIC university. The cost of studying in public Uni is very much different than in private uni. Utar alone used to be RM30 k for whole AS course(3 years, 1 year RM10k) but not including recreational cost and extra charges. And also not including paper.

my fren in inti they are thought about the external papers and they also include the papers in as well.

This post has been edited by kanzakicyn: Jun 9 2008, 05:37 PM
melt
post Jun 9 2008, 05:39 PM

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QUOTE(clngu @ Jun 9 2008, 10:12 AM)
just asked one of my colleagues in Actuarial Department. I copy and paste the info.

You study Acturial Science rite? ya
From which university? UKM
What is the title of the course? Bachelor of Science (Actuarial Science)
How many year to complete? 3 yrs
How much is the school fee? Depends on what subject you taking but I would say one year around RM 2,000
Is it including first 4 papers of acturial certificate? One paper also dont have, have to start from paper 1...... no exemption.....zzzz
*
Hi, I need some help from you guys... I already have a bachelor of science (business math) and would like to take the professional papers.. Can anyone please tell me where to take it? (i.e. do I have to register with an Institution or something) and can someone also please help ask ask around if any company is hiring junior statistician/such like that would aid in my professional exams?

Thanks very much first guys! I'm like totally lost now as I dont need to redo the degree but don't know how or where to take the professional papers without redoing it..

Cheers!
kanzakicyn
post Jun 9 2008, 05:43 PM

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QUOTE(melt @ Jun 9 2008, 05:39 PM)
Hi, I need some help from you guys... I already have a bachelor of science (business math) and would like to take the professional papers.. Can anyone please tell me where to take it? (i.e. do I have to register with an Institution or something) and can someone also please help ask ask around if any company is hiring junior statistician/such like that would aid in my professional exams?

Thanks very much first guys! I'm like totally lost now as I dont need to redo the degree but don't know how or where to take the professional papers without redoing it..

Cheers!
*
http://www.actuaries.org.my/default.asp?p=9 here u go
melt
post Jun 9 2008, 05:49 PM

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QUOTE(kanzakicyn @ Jun 9 2008, 05:43 PM)
Thanks for the quick reply but I have been given the link before and I have no idea really what needs to be done as most of the information there relates to which Institution recognised by ASM and I have already been in touch with the Institute of Actuaries in London who told me that I should register from Malaysia where there would be a discounted rate..

So Malaysia here I am but still not sure where exactly to register myself. Do you mean by the link that I need to register with ASM? Because in UK, I just need to apply to be a member of the Institute of Actuaries in London, pay the registration fees, select which paper I will be taking that siting and then wait.. What about here? There was no definite information in the ASM webby.

Cheers!
clngu
post Jun 9 2008, 06:32 PM

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i can check with my friends/colleagues in Actuarial Department. so far they registered with US-SOA. about UK-IOA, am need to check it out.
melt
post Jun 9 2008, 08:54 PM

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QUOTE(clngu @ Jun 9 2008, 06:32 PM)
i can check with my friends/colleagues in Actuarial Department. so far they registered with US-SOA. about UK-IOA, am need to check it out.
*
Thanks very much!!

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clngu
post Jun 16 2008, 10:14 AM

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regarding which professional bodies ie. SOA, IOA, etc to register. from the below info, you should have some ideas after reading.

Q. why you prefer to register actuarial membership and exam under USA not UK?
A. nola, your preference lo

Q. your schoolmates and colleagues, they are taking USA exam? any of them taking UK exam? example yourself, why you choose USA? driven by industries?
A. depends on which university you came from coz we get guidance from our seniors, so my uni all taking usa, not really driven by industries, all recognised


under Bank Negara Malaysia guidelines BNM/RH/GL/004-10 - Guidelines on the Role of the Appointed Actuary, section 2.3 stated,

A person is eligible to be appointed as Appointed Actuary if the person satisfies the following conditions:
The person must be a fellow of:
- The Institute of Actuaries in England;
- The Faculty of Actuaries in Scotland;
- The Society of Actuaries in the United States of America;
- The Canadian Institute of Actuaries; or
- The Australian Institute of Actuaries;

under Actuarial Society of Malaysia, Route to Become an Actuary

you will notice that local universities linked with USA. therefore local actuarial graduates choose US-SOA.
spunkberry
post Jun 16 2008, 04:14 PM

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QUOTE(ysh_kobe @ May 17 2008, 03:41 AM)
I checked and found out that qualified actuarian in malaysia is actually less than 80. Is this course very very very hard to study and is the job opportunity wide? Those studying this or have informations on this, welcome to drop your comments.
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Actuarial Sciences - Be Amazing Or Utterly Fail
ennyong1985
post Jun 16 2008, 04:40 PM

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I don't know. My only advice is go to a reputable university and do subjects which can get exemption. A lot of people here perceive it as difficult or utterly boring. And you don't really need to study Actuarial Science degree to be an AS. I know a bunch of students from University of Manchester that studies Maths and Science. They got exempted from 6 of the 13++ required? So take your pick. And btw staying in Manchester is not that expensive.
At this present moment, the fees are £9000 for non-lab sciences (AS is considered one of them but computer labs are not part of the 'lab's concerned).
Living expenses dependent one where you live. If you are lucky you can get about £60 a week (including bills) for 44 weeks 5 minutes from Uni.
Which make it £2600 for accommodation per year (not including summer)
And eating it's better you share your cooking with your house mates because that can bring down the cost. But even so it should be around £4.50 a day. This makes it £1400 per year (not including summer)

£9000 + £2600 + £1400 ~ £13000 * RM6.50 = RM84,500.

And be warn that the British pound are going weaker against the RM. So I think it's more viable studying in UK than in Oz.

This post has been edited by ennyong1985: Jun 16 2008, 04:44 PM

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