acturial anybody? (2 Viewers)

[hollyy.]

Thanks. That was very helpful.

Now I can see the reason why everyone is recommending UNSW over Macquaire. It is because of that bookshop, isn't it?

Higher quality books = better learning = better job = better salary = success in life.

Thanks.

yeah im a member...to get hsc books
its a one off membership fee of $20 then u get discounts off books...cant think of the percentage right now

 

[Azamakumar]

lol.







The co-op is where you get work experience at a company while you study and they pay all your uni fees and pay you minimum wage (like 13k/year).

EDIT: (usually)

 

[lyounamu]

i want to do actuary...i thought it was only available at macquarie though.
can someone answer this...i do three unit maths and and in the top three, in term four me and one other person started 4 unit maths but both dropped after one term

is this fact that i was unable to cope with a higher maths (but i also think it was the pressure, thus lack of time from all my other subjects) provide an indicator that i am not cut out for actuary?

my teacher said i could still handle the uni course but i dunno??

Why do you wish to become an actuary? You have to clearly understand why you wish to undertake that course when you are already aware that it is mathematically challenging (extremely). However, even though Extension 2 Mathematics is an assumed knowledge, it will not prevent you from enrolling as long as you achieve over the UAI cut-off.

If you do not have passion for Maths (or even the lack of it), you should not pursue the career of actuary as it is highly mathematical. However, I see no reason why you should give up if you are passionate about mathematics and calculating what's going to happen in future.

Not being able to cope Extension 2 Mathematics may tell a bit about yourself but you know about yourself more than you do. On top of that, you still have chance. If you perform amazingly well in Extension 1, you should still consider actuary as your potential career. As long as you are determined to work, no worries.

By the way, UNSW also provides actuarial course through Commerce degree. It's like 95 or 96 (I think it is between that). There are both advanges and disadvantages surrounding each university. You should consider where you would be better off at. Good luck.

 

[hollyy.]

Why do you wish to become an actuary? You have to clearly understand why you wish to undertake that course when you are already aware that it is mathematically challenging (extremely). However, even though Extension 2 Mathematics is an assumed knowledge, it will not prevent you from enrolling as long as you achieve over the UAI cut-off.

If you do not have passion for Maths (or even the lack of it), you should not pursue the career of actuary as it is highly mathematical. However, I see no reason why you should give up if you are passionate about mathematics and calculating what's going to happen in future.

Not being able to cope Extension 2 Mathematics may tell a bit about yourself but you know about yourself more than you do. On top of that, you still have chance. If you perform amazingly well in Extension 1, you should still consider actuary as your potential career. As long as you are determined to work, no worries.

By the way, UNSW also provides actuarial course through Commerce degree. It's like 95 or 96 (I think it is between that). There are both advanges and disadvantages surrounding each university. You should consider where you would be better off at. Good luck.

thanks...and i do love doing maths, fav subject the only thing that put me towards actuary was my physics teacher talking bout it once, before that i didnt no what it was, ive done research and i really want to do it

 

[lyounamu]

thanks...and i do love doing maths, fav subject

Well, there you go! Make sure your love for maths keeps itself ablaze, otherwise you won't like actuarial course.

 

[lyounamu]

lol.







The co-op is where you get work experience at a company while you study and they pay all your uni fees and pay you minimum wage (like 13k/year).

EDIT: (usually)

Thanks. I was already aware of that. I was just joking as you are aware. It's like $60000/4 years or $75000/5 years. It's really good. I might consider this path.

 

[hollyy.]

Well, there you go! Make sure your love for maths keeps itself ablaze, otherwise you won't like actuarial course.

thanks

 

[Affinity]

Actuarial Courses grinds out ones love for maths. especially the life insurance course.

 

[lyounamu]

Actuarial Courses grinds out ones love for maths. especially the life insurance course.

Wooo, that is a torture, then!

 

[wogblogger]

new to this thread
not realy clear on what the pay is like in this field?
like first year outa uni?
ten years after uni? (if ur still alive )

say i was to do act/b.finance next year, is it possible to get into ibanking? if so how?

 

[lyounamu]

new to this thread
not realy clear on what the pay is like in this field?
like first year outa uni?
ten years after uni? (if ur still alive )

say i was to do act/b.finance next year, is it possible to get into ibanking? if so how?

Salary depends how much you have progressed in terms of 3 exams that are required to be completed before you called yourself actuary. There are 3 exams that need to be completed and successfully passed. By the time you graduate from university, you are likely to have completed 2 of those. Salary for those graduates range from $50000-$70000. Once the third exam is successfully accomplished, the salary would increase up to $100000.

With 10 years of experienced, I reckon you can expect about $150000 - $200000. However, the salaries of actuaries highly depend on individuals.

 

[I Robot]

Actuarial Courses grinds out ones love for maths. especially the life insurance course.

Doing ACTL3002 at UNSW presently, but with Changki teaching it, I've skipped all the lectures bar the first one.

Some actuarial lecturers at UNSW are of poor quality, and sooner or later, you realise you may/will need to read and cram by your own, rather than like in high school. Just be warned potential actuaries.

Affinity- Just curious as to why you are going full on against Actuarial Studies? I myself won't go into the industry per se, since I only will finish up with 1 or 2 exemptions, but I foresee the pay factor vs hours worked don't stack up for IB and/or actuaries in your case.

True? - DG Tacon 05'

 

[Affinity]

I finished part 1, doing maths honours now. Will do part 2 if I consider working in actuarial else that will be it.

UNSW lecturers are ok, you've probably hear sh'*t about them too much so you believe it.

salaries for technical work usually ceilings somewhere between 150k and 200k..to go above that your job will be to get business.

 

[ngogiathuan]

Im interested in actuarial studies due to the fact that it involves quite a lot of high level of mathematics (which is my best best best interest)
However i painfully admit that im not very good at communication skill, and my english is decent, will it be suitable for this course, and later on, this job?
By the way, if im good at maths (and like maths) but dont want to be locked down in labs researching all day long, what course should i be considering?
Thanks in advance
Cheers

 

[lyounamu]

Im interested in actuarial studies due to the fact that it involves quite a lot of high level of mathematics (which is my best best best interest)
However i painfully admit that im not very good at communication skill, and my english is decent, will it be suitable for this course, and later on, this job?
By the way, if im good at maths (and like maths) but dont want to be locked down in labs researching all day long, what course should i be considering?
Thanks in advance
Cheers

Any job requires a good communication skill. But don't worry. It's not a natural thing. It is sometimes gained through experiences. I am sure you will build up a good communication.

If you are god at maths, you may consider Engineering degrees where high degree of maths is required. However, you should be aware of the fact that Engineering courses (usually) require a good scientific skills. Alternatively, you may consider Mathematics degrees, there is a good job prospect for those who undertake it.

 

[mwah015]

you know how if u wanted to do accounting, there are big firms who offer traineeships after year 12, does anyone know a firm or companies who offer the same thing but for those who are doing actuarial studies in uni?????

 

[pLuvia]

Try applying for the UNSW Coop program, you get industrial training as part of the degree and scholarship

 

[mwah015]

Try applying for the UNSW Coop program, you get industrial training as part of the degree and scholarship

oh yea i know about that. but its hard to get coz they only offer it to a few number of people. do u know any other traineeship for year 12 doing actuarial studies??

 

[Affinity]

no, you can try for internships after first year though...
how many actuaries do you think they need?

 

[mwah015]

no, you can try for internships after first year though...
how many actuaries do you think they need?

uhm about that, i was wondering... would the demand for actuaries be high and would it be easy to find a job if u did actuarial studies???