chance of getting a actuarial job after graduation (1 Viewer)

[movie hunter]

just want to survey on ... about how many actuarial major grads r able to get a actuarial job when finish uni ? what is the percentage like? for those who cant get a actuarial job , normally where do they go?

 

[kunny funt]

I doubt anyone would know actual figures or percentages off hand.. you'd have to see your university's grad destination surveys.

In my experience the market's been quite good for a number of years where if yuo have all your exemptions and have relatively good communication skills you would expect to land an actuarial position. However we're in a downturn atm and obviously firms will hire less but I suspect the actuarial industry has been more resilient than most others (eg IB).

A lot of ppl come through the course not being interested in actuarial studies at all.. particularly the good students.. they probably go into things like investment banking, trading, funds mgt .. on the other hand, weaker students who cant get a job in actuarial might go into risk management, finance or like a govt type job (ABS, Treasury, APRA etc)

bear in mind thats just my experience and i have found that in the end, everyone gets employed somewhere.

 

[dp624]

i would think it's very high
the stat say there about only 1800 actuaries in australia.

but the hard part is graduation, its like 40% for level 3 certs

 

[keithmoon]

A qualified actuary shouldn't have any problem getting a job.
However the chance of a new graduate getting a position would be dependent on their
- academic performance
- co-curricular activities
- technical skills
- ability of ass kissing
...to mention a few factors.

For those who can't get a grad job...I'm not too sure where they go...relax at home or some shit....

 

[Pwnage101]

A qualified actuary shouldn't have any problem getting a job.
However the chance of a new graduate getting a position would be dependent on their
- academic performance
- co-curricular activities
- technical skills
- ability of ass kissing
...to mention a few factors.

For those who can't get a grad job...I'm not too sure where they go...relax at home or some shit....

technical skills, does this include stuff like computing (excel, etc)?

and co-curricular actvities at Uni, not school, right?

 

[keithmoon]

technical skills, does this include stuff like computing (excel, etc)?

Yeah...Excel, Word, Presentation, Programming, etc....all the computer-related kinda stuff.

and co-curricular actvities at Uni, not school, right?

As in...stuff outside of uni/school. Like hobbies...activities....etc.

 

[dvse]

technical skills, does this include stuff like computing (excel, etc)?

and co-curricular actvities at Uni, not school, right?

For technical skills, things that rank fairly high, in order of importance, are VBA for Excel (and maybe Word), ability to write SQL queries (at least MS Access level), statistical software (SAS is popular in general insurance), specialised life insurance software like Prophet, Moses and others I can't remember.