Actuarial study (1 Viewer)

[ABCzl]

Is it better to do actuarial study double degree for 4 years to get exemption for part 1 and 2
Or just actuarial degree study for 3 years to get exemption for part 1?

 

[gef]

Note that at Macquarie link the bachelor degree in itself does not provide you with all the exemptions for part 1
"Students with grades of credit or better in the relevant units may earn exemption from Part I of the examinations of the Institute of Actuaries of Australia. To complete all of Part I students are required to complete one unit more than the degree rules require."
UNSW has much more flexibility in their degree. You can do a single degree majoring in actuarial and another major or a double degree majoring in 2 or 3 majors and obtaining your part 1 and part 2.

Yes getting part 2 is important for getting an actuarial job. Given that at UNSW the overwhelming majority does a double degree, you are much less likely to get an actuarial job when competing with those who have gained their part 2 exemptions.

 

[zhiying]

No difference really, even if you do a 3 year degree you will probably do Part IIs once you graduate while you're working. Go for the double if you don't wanna leave uni so early, or you have a double degree you're really passionate about, or you want an extra year to look for employment (probably the most legit reason out of the 3)

The second degree itself is next to useless unless it matches the job very specifically, its the other factors such as your marks in actuarial + personal qualities that help you compete against others when it comes to looking for a job.

 

[v1]

Note that at Macquarie link the bachelor degree in itself does not provide you with all the exemptions for part 1
.

it does if you choose the exemption subject as your elective which 100% of actuarial students do, so no difference mate