Actuary Q: Completion of Part I earns $35000-$40000? (1 Viewer)

[schmeichung]

http://www2.actuarial.unsw.edu.au/n...utInheritableArea&maxWnd=_Future_UG_BComActSt

Please tell me if they are wrong?
Completed Part I does not even granted for AIAA, how come graduates with Part I exemption earn that high amount wages? I mean not very high but still considered "high" as an "non-professional" actuary.

 

[BillyMak]

Of course they are going to beef it up and make it sound good to put in the article, but I know people who have completed Part I at uni and then gone on to not even work as an actuary, one working at the ABS and another working in Auditing, with only an actuarial degree.

 

[redslert]

that's considering you get a job at the end!
lots of actuaries come out at the end of three/four years of torture and work as a lonely accountant

also it is hard to get part II, let alone get part III
lots of people just get part I and don't bother continuing with it

professional? exprience counts a lot more than a piece of paper

 

[§eraphim]

actually part 2 is easier than part 1. its mostly bkwork. its just that standards are higher - its recommended u have some financial services experience and to get ur exemptions u need a DN or better.

part 3 is worth it cz u get to choose stuff, eg investments and finance. buts its difficult to get it. cfa is faster if u want a recognised qualification for finance. (according to andrew tang, actl1001 tutor)

 

[Grizzly]

The head of actuary talked about this yesterday at the orientation.
See here .
http://www.boredofstudies.org/community/showthread.php?p=1282291#post1282291

 

[grimreaper]

My sister started on around $43 000 after completing part I... but that was with a good company

 

[CrashOveride]

But if you actually finish the degree at uni, that should give you exemptions from part I and II. So i dont know how people end up working with just part I ?

 

[kunny funt]

That's at macquarie, at unsw, you can only get part2 through an honours year or postgrad.

 

[CrashOveride]

yeah thats what i infered. at maq, if u do single acst its the same deal. if u do combined acst then u get the part II.

so if u do combined acst at UNSW, does it work the same way or unsw bad ?

 

[lawforever]

yeah thats what i infered. at maq, if u do single acst its the same deal. if u do combined acst then u get the part II.

so if u do combined acst at UNSW, does it work the same way or unsw bad ?

yes it does

B commerce (actuarial studies) / B science (maths / statistics / comp science) can get u the part II

 

[redslert]

yes it does

B commerce (actuarial studies) / B science (maths / statistics / comp science) can get u the part II

no it doesn't!
only way through UNSW for part II is if you do honors or masters or if you choose to do the part II subjects without merit ontop of your commerce degree

 

[§eraphim]

no it doesn't!
only way through UNSW for part II is if you do honors or masters or if you choose to do the part II subjects without merit ontop of your commerce degree

redslert is dead...wrong. u can get part 2 in combined degree with actl/maths or actl/stats cz there are enough electives (still need permission from prof sherris). not sure about comp sci or other sci majors.