acturial studies (im in 12) (4 Viewers)

[RIZAL]

is everyone studying act studies the working type or are theremany party goers as well.. ?

most of them don't work and most of them don't go out (dunno how they do it!).

i think you'd find that the working types are the ones that party the hardest!

I've partied with bigredboof and I can confirm that she parties hard!!! and she shouts drinks.... drinks like black sambuca and tequila!

I hit conception day with malachite and flamin' and I can confirm that they go hard out too!

 

[hasterz]

ahahah ok


another question and if this has been already answered im sorry but im not going through the 400 individual posts to check =p

are there many/ any chicks doing act @ mac...? and are they the 'book' type? so far i know bigredboof is coool haha

 

[hasterz]

oh yes
and one final thing are there any non-asians who do act?

 

[Supra]

im curry i think im non-asian...wot nationality r u hasterz?
the issue of chicks doin acst has been discussed like a few pages ago...i think the ratio of chicks to guys is not in a heterosexual guy's favour tho...im sure u wont restrict urself to just the actuarial domain, ull meet ppl from all faculties im sure

 

[-=«MÄLÅÇhïtÊ»=-]

its prolly like 40% gals 60% guys. And they arent bad either. so don't stress.

 

[RIZAL]

TODAY IS MY LAST DAY OF WORK!!! WOOHOO!!! time to get my reference and get outta here!!! hahaha..it's been fun though.

 

[CrashOveride]

do you think actuary is actually a good pathway to go into something like investment banking? i read on the MQ website some of their grads got into this field, but i came across a very interesting thread:

http://www.boredofstudies.org/community/showthread.php?t=27834

Alman and gm seem to know what they are talking about. They recommend it's better to do something like Com/Law at the more elite institutes like USYD, unsw, etc. if you want to get into IB. Also, you guys heard of SIA ? Anyone one of you planning to do post-grad study there?

 

[RIZAL]

do you think actuary is actually a good pathway to go into something like investment banking? i read on the MQ website some of their grads got into this field, but i came across a very interesting thread:

http://www.boredofstudies.org/community/showthread.php?t=27834

Alman and gm seem to know what they are talking about. They recommend it's better to do something like Com/Law at the more elite institutes like USYD, unsw, etc. if you want to get into IB. Also, you guys heard of SIA ? Anyone one of you planning to do post-grad study there?

OK i've talked about this a shitload with my uncle (who is an IB head at Citigroup), some yank MBA students and the CEO where i'm working at (who is an MBA graduate).

gm and alman are right....from my experience in going for IB, you need a course that is well known, like com/law at one of those uni's. Overseas, these investment bankers simply haven't heard of Macquarie, let alone its actuarial course. USYD and UNSW on the other hand, they have heard of. My boss says if you aren't from a prestigious university, there is only 3 words that will make them notice you - 'suma cum laude'.

He basically put it this way - why do actuarial at a super tough school if you don't want to end up working as an Actuary? He says it's not worth doing something that is ultra tough, when people outside of the actuarial field are like 'wat's a macquarie??'

He says that we obviously choose Macquarie Actuarial for the name...i.e. it's the best in australia....therefore, it would be stupid to go for jobs where the recruiters have nfi how damned good the macquarie acst course actually is.

If you look at the breakdown of students at the best MBA schools in the USA (harvard, wharton, kellog etc) you'll find that 3/4 of them are going for IB or consulting jobs. Now how is a Macquarie actuary meant to compete with that?

In summary, my boss (who is a champ) told me that if I get bored with actuarial and eventually decide to get into banking, to do a good MBA program in 7-8 years time after I've made some bucks as an actuarial. After all, the average MBA students age is 27-28.

hope this helps.

 

[CrashOveride]

phwar! isaaq u legend
imma study this new material now ^^ and think...

 

[RIZAL]

any time!

but get the opinions of some people other than me before you go making big decisions

 

[Supra]

....if I get bored with actuarial and eventually decide to get into banking, to do a good MBA program in 7-8 years time after I've made some bucks as an actuarial. After all, the average MBA students age is 27-28.

ok spose i get bored of actuarial after making sufficient money sometime in the future...to get into IB would i do an MBA or should i pursue either the grad diploma or Master of Applied Finance and Investment from the SIA?

and also, ive read the page on what maq actuaries have done after they graduate(http://www.actuary.mq.edu.au/graduates/index.shtml)...some of em have got into IB sorts of positions such as Camille Lagunzad, does that mean we can work in this sort of sector as an actuary, or wud shud she have done post grad work?

 

[Richiee]

a lot of them seem to go overseas

 

[flamin']

If you want huge bucks but a crappy lifestyle then IB is the way.
If you want big bucks and a bludgy lifestyle ACST is the way.

If you wanted to be an IB in the first place... then why are you doing ACST!

 

[hasterz]

ive always been told being an actuary is highly stressful,and thats if you are lucky enough to be a part of the intelligent few who passes undergraduate and then FIAA actuarial studies.

 

[CrashOveride]

If you want huge bucks but a crappy lifestyle then IB is the way.
If you want big bucks and a bludgy lifestyle ACST is the way.

If you wanted to be an IB in the first place... then why are you doing ACST!

Thanks for your post flamin.

First off, can anyone quantify how much are we talking about when we speak of "huge bux" vs. "big bux". I mean ive read on the AIAA site that a newly qualififed actuary shud expect 90-110K with rises of like 11k for several years blablabla but it sounds...too good to be true (and i mean, if u want to go into engineering im sure if u went on Engineers australia they wud also boast some inflated figures?) ...like u cud be on 150K only like 5 years into ur work.

You say bludgy lifestyule but i think actuaries also have it pretty stressful. HOWEVER, i think they are basically working normal hours right (but are expected to work some overtime etc) ? Ive read IB ppl can work like 80-100 Hours a week! Like wtf...isnt that against some Health regulations..

I've handed in my acceptance slip thing for actuary/sci at MQ and i also want to know is it like locked in or can i still cancel it?

After doing some resrach, ive got the fundamental idea of waht actuaries do but im still confused about what IB is actually about :/ anyone got any definiteive sites about this or info?

Thanks a lot for your help guys. !


PS. In response to the latter of your post...well when i spoke with the professor woman who does 3rd year actuary at mq she kind of convinced me that if i wanted to go into IB then actuary studies is a very good avenue to lead to this. And as cited earlier from the MQ site, some actuary grads make it into IB but i think this is the rare few and perhaps its more local than overseas or something?

 

[bigredboof]

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[RocketRiley]

Make sure you think through your decision to do actuarial properly. I made the mistake of doing actuarial, and now all i want to do is to go on tour with my "Best of the 40's" cover band! (I am lead singer in case you wanted to know)

I just love the adrenaline rush i get when i get up and sing "We all live in a yellow submarine" in front of 15 people!

 

[RIZAL]

Make sure you think through your decision to do actuarial properly. I made the mistake of doing actuarial, and now all i want to do is to go on tour with my "Best of the 40's" cover band! (I am lead singer in case you wanted to know)

I just love the adrenaline rush i get when i get up and sing "We all live in a yellow submarine" in front of 15 people!

HAHAHAHA Riley you crazy man, welcome to the forums.

For everyone that doesn't know, Riley is one of the most kick ass students in 3rd year acst.

but actuarial isn't really his true forte - the blokes a bloody Sinatra - I saw him knock out 'Yellow Submarine' in front of 50 people (not 15) and he got a standing ovation!

 

[CloudStrife]

anyone else been to the careers office to ask bout actuary? coz all they sed was to consider your interests and told me to look at some folders of information...which i found realli boring and irrelevant half the time.....
i hab no clue how useful my double with computing will be in actuary..... coz i'm trying to see wat options i have if i don't go into actuary career, and from wat isaaq sed, i mite consider trying MCom at unsw....

 

[feng]

crash - by "newly qualififed actuary" i think they are referring to FIAA? i doubt that a graduate from uni would hav an expected pay packet of $100k for his/her first year in the job..