Actuary?

[Gloamglozer]

According to what Professor Dickson (the guy that is in charge of actuarial studies at UoM), when I asked him about the Master of Actuarial Science, he said that that course only gives you exemption from Part 1 of the exam.

So if what he said is correct, you're better off doing a B.Com (Honours) in actuarial studies because then you've got exemption for Parts 1 & 2.

But I only asked him in person so my credibility is low.  Remember, this is uni.  Only the written mode can be used as official evidence.

I disagree, getting an extra year ok work experience is wayyy more attractive to an employer than part two, they don;t have many ppl to choose from anyway.... (this is not just my opinion i've been told this by several graduates)

That's what I don't get though.

Sure work experience is great but would employers want to invest a person with a postgrad degree in actuarial studies?  Firstly, with a Master in Actuarial Science, if it's true that it doesn't give you exemption to part 2, then that means you'll need to part 2 and 3.  But with a B.Com (Hons), you've already got exemption to part 1 and 2, you've only got the final run to go before you become "fully qualified" if you get what I mean.

But in your defence, you could argue that with an undegrad degree, you've already got what it takes to get into the workforce tog et work experience, that is depending on what that undergrad degree was.

[tram]

Mmmm, like yeah I see what you're saying and for a while I was super intent on dong honours, but I guess it does depend on a few factors, doing honors may be more shrinks for some people than others. I supOse that the point I wanted to make was that doing a honors year and getting the extra exemption does not guarantee a better job/better chance of getting a job, I had a family friend who came out with just the basic degree and she didn't even get total exemption from part one during the degree but still was able to get jobs over hours grads cos she had a better interview/general cv.

[Gloamglozer]

So that's why it's a little bit of a headache.  For those who go on to do Honours, if all is good, you're guaranteed to get exemption from Parts I and Parts II if I'm correct.  But looking for a job is the thing.

But through the Masters program, you can only get exemption to Part I.  So you're stuck at Part II and Part III.  But the upside is that you already have an undergraduate degree.

[tcg93]

According to what Professor Dickson (the guy that is in charge of actuarial studies at UoM), when I asked him about the Master of Actuarial Science, he said that that course only gives you exemption from Part 1 of the exam.

So if what he said is correct, you're better off doing a B.Com (Honours) in actuarial studies because then you've got exemption for Parts 1 & 2.

But I only asked him in person so my credibility is low.  Remember, this is uni.  Only the written mode can be used as official evidence.

So assuming you have a BCom Actuary Part I accreditation already, is UoM Honors the only possible course to get Part II? Do any other unis offer Part II accreditation alone?

[tram]

Do any other unis offer Part II accreditation alone?

i don't think so.....

[Gloamglozer]

According to what Professor Dickson (the guy that is in charge of actuarial studies at UoM), when I asked him about the Master of Actuarial Science, he said that that course only gives you exemption from Part 1 of the exam.

So if what he said is correct, you're better off doing a B.Com (Honours) in actuarial studies because then you've got exemption for Parts 1 & 2.

But I only asked him in person so my credibility is low.  Remember, this is uni.  Only the written mode can be used as official evidence.

So assuming you have a BCom Actuary Part I accreditation already, is UoM Honors the only possible course to get Part II? Do any other unis offer Part II accreditation alone?

I asked Prof. Dickson about this and he was a bit shaky about it.  He said you could do it through "correspondence", whatever that was supposed to mean.

I asked him last year Open Day in the morning at the Actuarial Studies stand.

[chansthename]

http://actuaries.asn.au/EducationandProfessional/Education/PartII.aspx

this should help.

also there are 1,755 actuaries in Australia (at may 2010)

[Jenny_2108]

http://actuaries.asn.au/EducationandProfessional/Education/PartII.aspx

so we need to complete 3 parts for actuarial studies before getting a job?
And why do most of people say this course is difficult?

[pi]

http://actuaries.asn.au/EducationandProfessional/Education/PartII.aspx

so we need to complete 3 parts for actuarial studies before getting a job?
And why do most of people say this course is difficult?

I'm fairly sure you can (and most people try to) work while studying for the third exam (I'm not so sure on the first two).

[vcestudent94]

http://actuaries.asn.au/EducationandProfessional/Education/PartII.aspx

so we need to complete 3 parts for actuarial studies before getting a job?
And why do most of people say this course is difficult?

You might wanna change your sig if your considering actuary

[Jenny_2108]

http://actuaries.asn.au/EducationandProfessional/Education/PartII.aspx

so we need to complete 3 parts for actuarial studies before getting a job?
And why do most of people say this course is difficult?

You might wanna change your sig if your considering actuary

I said good bye to conditional probability => didn't say good bye to other types of probability though 
And actuarial studies is mainly calculus which is my fave branch of maths 

[Deleted User]

For the actuarial studies course at Melbourne, is there a certain score you have to achieve for Spesh to get in?

[Jenny_2108]

For the actuarial studies course at Melbourne, is there a certain score you have to achieve for Spesh to get in?

actuarial is one major of commerce, hence I assume the prerequisites will be the same with what they list in commerce: at least 25 in methods or spesh (but they highly recommend spesh)

commerce prerequisites

and in actuarial page, they said if you commenced in sem 2, you must have completed VCE spesh (didn't mention what scores though)

Someone correct me if I'm wrong XD

actuarial major 

[Deleted User]

Hmmmph,  I'm ure someone told me you needed 38. Or is this outdated?

[pi]

For the actuarial studies course at Melbourne, is there a certain score you have to achieve for Spesh to get in?

No.