What are the Pros and Cons of Actuarial Studies (1 Viewer)

[michaeljennings]

Will rep anything that is helpful

GO

 

[d3st1nyLiang]

Pro
- need to be good at maths
- i think it incorporates some finance/eco
- prestige
- money

Con
- need to be good at maths
- stress/hard exams

 

[apollo1]

PRO
- good pay once you become a fellow
- incorporates maffs and finance which is more interesting that general finance
- prestige

CON
- High fail rate for candidates in uni
- exams are gruelling and there are like 5 of them
- graduate jobs hard to find

 

[michaeljennings]

CON
- graduate jobs hard to find

Why did the friendly man at the UNSW open day lie to me and say that jobs would be easy to get?

 

[imZerroo]

my cousin is a CPA and she said actuarial studies is very specific. other degrees are very broad (acc., commerce, ba etc.), hence there arent many jobs u can apply for. dont know how true that is though.

 

[michaeljennings]

just curious but what is the point of doing b comm/ b science (advanced math) and majoring in actuary (this is to apollo1) when you can just do a single b comm degree and major in actuary?

 

[Shadowdude]

just curious but what is the point of doing b comm/ b science (advanced math) and majoring in actuary (this is to apollo1) when you can just do a single b comm degree and major in actuary?

Actuarial is a Commerce degree major. Taking Science (Adv Maths) allows you to take another major in either pure, applied or statistics - or even quantitative risk if you're really lucky.

 

[michaeljennings]

Actuarial is a Commerce degree major. Taking Science (Adv Maths) allows you to take another major in either pure, applied or statistics - or even quantitative risk if you're really lucky.

so are you saying I would be more employable as an actuary if I had a major in quantitive risk/pure/applied/statistics?

 

[apollo1]

so are you saying I would be more employable as an actuary if I had a major in quantitive risk/pure/applied/statistics?

yes. but if you do a business double degree that is also well regarded.

 

[michaeljennings]

yes. but if you do a business double degree that is also well regarded.

can u check out my thread in the general uni section please its about macq scholarship and actuary

 

[Drongoski]

My friend's son did Actuary @ Macquarie maybe over 10 years ago and got his Fellowship in a year(very very rare!). He worked a few years with Mercers and afiter that decided to pursue an MBA at Columbia University (where Warren Buffett takes a class every year at his old Alma Mater) where he had his photo taken with the legend.

I think why it is so hard to obtain a Fellowship is they have to restrict the number in practice - otherwise there'd be a glut and it gets devalued.

 

[4025808]

Why did the friendly man at the UNSW open day lie to me and say that jobs would be easy to get?

He would imply that jobs are easy to get not as an actuary, but using actuarial skills such as being a financial analyst, a banker, etc.

 

[Shadowdude]

so are you saying I would be more employable as an actuary if I had a major in quantitive risk/pure/applied/statistics?

I'm saying that you can do a maths major in the Science degree, nothing about employability. That, I have no idea about.