• Congratulations to the Class of 2024 on your results!
    Let us know how you went here
    Got a question about your uni preferences? Ask us here

What exactly are Actuarial Studies? (1 Viewer)

mudcake42

Member
Joined
Jul 29, 2006
Messages
162
Gender
Female
HSC
2008
What are actuarial studies ???

I know that they have something to do with mathematics and money but thats about it!
 

poisonives

coolest member
Joined
Oct 22, 2006
Messages
91
Location
Wahroonga
Gender
Female
HSC
2008
mudcake42 said:
What are actuarial studies ???

I know that they have something to do with mathematics and money but thats about it!
my sister is an actuary mel

it requires a lot of brains i gather, and perseverance (its quite boring)

though the remuneration is apparently really good. i wouldn't recommend it, just from seeing my sister so tired and busy all the time
xxxxxxxxxxoooooo
 

wrong_turn

the chosen one
Joined
Sep 18, 2004
Messages
3,664
Location
Sydney
Gender
Male
HSC
2005
Uni Grad
2010
its based on probability and statistics and finance.

which is pretty much most of comemrce and economics.

haha to the OP, yeh and so does every major program at uni....money and mathematics
 

Studentleader

Active Member
Joined
Feb 21, 2008
Messages
1,136
Gender
Undisclosed
HSC
N/A
"Long term risk analysis"

It may be considered the bachelor's degree of spending the next 10 years of your life studying for the actual exams.
 

hollyy.

stop looking at me swan.
Joined
Apr 26, 2008
Messages
1,148
Location
cadbury world.
Gender
Female
HSC
2008
fingers crossed i get into it at macquarie

its so annoying when ppl ask me what i want to do next yr and i say actuarial studies because 99% of ppl dont know what it is, so in the end i gave up explaining and just say accounting :)
 
Last edited:

ganj3

New Member
Joined
May 5, 2008
Messages
13
Gender
Male
HSC
2008
hollyy. said:
fingers crossed i get into it at macquarie

its so annoying when ppl ask me what i want to do next yr and i say actuarial studies because 99% of ppl dont know what it is, so in the end i gave up explaining and just say accounting :)
Lol thats exactly what I do. I dont bother saying Actuarial Studies coz I know they'll ask me what that is so I just say I want to do Engineering.

Same I'm hoping I get into Macquarie. Do you think it will be easier getting a place for next year as compared to previous years? Im from Perth and have no idea what uni admissions in the eastern states are like
 
P

pLuvia

Guest
The cut offs for acst at macq have dropped since I went in, it's currently at 95 and I think itll probably hover around that area for a while
 

RIZAL

Member
Joined
Sep 21, 2002
Messages
531
Location
Sydney
Gender
Male
HSC
2010
pLuvia said:
The cut offs for acst at macq have dropped since I went in, it's currently at 95 and I think itll probably hover around that area for a while
I agree. I doubt it will move much this year.


pLuvia, nice membership status. Now give me the 3rd and fourth moments of the poisson distribution, along with the coefficient of skewness.
 

§eraphim

Strategist
Joined
Jul 4, 2004
Messages
1,568
Gender
Undisclosed
HSC
N/A
See your actuarial formula book. What do you guys think of the ASA qualification?
 

RIZAL

Member
Joined
Sep 21, 2002
Messages
531
Location
Sydney
Gender
Male
HSC
2010
§eraphim said:
See your actuarial formula book. What do you guys think of the ASA qualification?
Haven't heard of the ASA qualification...enlighten me?
 

§eraphim

Strategist
Joined
Jul 4, 2004
Messages
1,568
Gender
Undisclosed
HSC
N/A
RIZAL said:
Haven't heard of the ASA qualification...enlighten me?
Associate of the Society of Actuaries (US). This represents life/pension actuaries. They also have the Casualty Actuarial Society for general insurance actuaries. However, both societies share the same qualification process.
 

velox

Retired
Joined
Mar 19, 2004
Messages
5,521
Location
Where the citi never sleeps.
Gender
Male
HSC
N/A
§eraphim said:
Associate of the Society of Actuaries (US). This represents life/pension actuaries. They also have the Casualty Actuarial Society for general insurance actuaries. However, both societies share the same qualification process.
Aren't you happy with your academic qualifications? Trading is hardly the place I would expect for one who would want to further their academic studies.
 

Studentleader

Active Member
Joined
Feb 21, 2008
Messages
1,136
Gender
Undisclosed
HSC
N/A
velox said:
Aren't you happy with your academic qualifications?
I'd love to see an actuary who has finished all his exams unsatisfied.
 

BackCountrySnow

Active Member
Joined
Mar 5, 2008
Messages
1,972
Location
1984
Gender
Male
HSC
2008
Studentleader said:
I'd love to see an actuary who has finished all his exams unsatisfied.
Why would that be rare?
What about the kids who get pushed into it by their parents.
 

jake2.0

. . .
Joined
Sep 17, 2005
Messages
616
Gender
Male
HSC
2005
BackCountrySnow said:
Why would that be rare?
Cause its a pain in the arse to get all 3 parts.

What about the kids who get pushed into it by their parents.
Maybe the parents pushed him/her into the uni course but I highly doubt the parents would have any say into postgraduate studies, in Australia anyway.
 

velox

Retired
Joined
Mar 19, 2004
Messages
5,521
Location
Where the citi never sleeps.
Gender
Male
HSC
N/A
Studentleader said:
I'd love to see an actuary who has finished all his exams unsatisfied.
It's best to say nothing at all rather than to say something stupid. Go talk to some medical specialists. Many are unsatisfied, and they have studied for far more years than actuaries.
 

jb_nc

Google "9-11" and "truth"
Joined
Dec 20, 2004
Messages
5,391
Gender
Male
HSC
N/A
velox said:
It's best to say nothing at all rather than to say something stupid. Go talk to some medical specialists. Many are unsatisfied, and they have studied for far more years than actuaries.
Haha, there was some letter in the paper today about this comparing actuarial exams versus specialist college exams.
 

Studentleader

Active Member
Joined
Feb 21, 2008
Messages
1,136
Gender
Undisclosed
HSC
N/A
BackCountrySnow said:
Why would that be rare?
What about the kids who get pushed into it by their parents.
They would be like 30ish when they "finish"

I pity whoever is getting hothoused in their 20s.
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top