Actuary?

[Jenny_2108]

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 Or is this outdated?

At least 25, not 38

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

No.

Yes, either methods spesh but at least 25

actuarial prerequisites   

[pi]

Although in all honesty, if you got below a 40 in methods, I wouldn't take the course.

(from what I've heard, ideally you want a 44+ raw in spesh. but of course people succeed without that high a score)

[Deleted User]

Although in all honesty, if you got below a 40 in methods, I wouldn't take the course.

(from what I've heard, ideally you want a 44+ raw in spesh. but of course people succeed without that high a score)

I did methods last year and got 44 raw, but I don't think I'll get 40 raw for spesh. Maybe 35.

[Jenny_2108]

Although in all honesty, if you got below a 40 in methods, I wouldn't take the course.

(from what I've heard, ideally you want a 44+ raw in spesh. but of course people succeed without that high a score)

LOL wrong personal pronoun

but seriously, if we can't get >44+ raw spesh, we shouldn't take actuarial?
Why didn't you tell me earlier?

*MORE THAN JUST MARKS* 
I'm gonna get 25 in spesh 

[pi]

Pronouns, meh, I've done VCE English

I didn't say you shouldn't do it, it's just that friends who went to Dr He said that they were told 44+ is recommended to cope. Of course there are plenty of exceptions haha.

[Jenny_2108]

Pronouns, meh, I've done VCE English

I didn't say you shouldn't do it, it's just that friends who went to Dr He said that they were told 44+ is recommended to cope. Of course there are plenty of exceptions haha.

If I were the examiner in 2011, I'd mark you fail due to this simple mistake   

Hope this year, 25 spesh scales to 44

[TrueTears]

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 

Conditional probability is a very important concept lol you'd better start liking it if you want to do actuarial

and no it won't be as ambiguous and retarded like vce wannabe-conditional, it will take on a much more rigorous and likeable definition lol

don't worry too much about your vce marks though, seriously although they may be a okayish indicator to see if you're going to cope with actuarial it has quite a low correlation, as long as you're quite passionate about maths and financial/economical concepts you should be fine for actuarial.

just like in physics how maths is used in a physics environment and world, in actuarial studies, maths is applied to a financial world, so you also need to have quite a bit of interest in finance/economics

[Biceps]

What does the job mainly consist of doing? Is it an office job?

[TrueTears]

I guess in the old days it actually was just a typical desk job + pen + paper + numbers + calculator and what not lol

nowadays it is much more diversified, you could use your actuary skills in alot of specific and related fields, financial adviser, financial analyst, risk management, investment banker etc all kinds of things lol

[Jenny_2108]

What does the job mainly consist of doing? Is it an office job?

Banking and finance
Capital and risk management
Financial planning
Financial reporting and performance management
General insurance
Health insurance
Investments and asset management
Life insurance: product pricing, design and distribution
Superannuation
Valuation of insurance liabilities and financial instruments.

Conditional probability is a very important concept lol you'd better start liking it if you want to do actuarial

and no it won't be as ambiguous and retarded like vce wannabe-conditional, it will take on a much more rigorous and likeable definition lol

don't worry too much about your vce marks though, seriously although they may be a okayish indicator to see if you're going to cope with actuarial it has quite a low correlation, as long as you're quite passionate about maths and financial/economical concepts you should be fine for actuarial.

just like in physics how maths is used in a physics environment and world, in actuarial studies, maths is applied to a financial world, so you also need to have quite a bit of interest in finance/economics

change my sig to good bye VCE conditional pr then 

But I didn't do business/economics in yr11/12, how can I know I like it or not? If I don't like finance/economics, can I do actuarial?
And in the list of career, there is banking. What does actuary do in banking field?

[TrueTears]

haha yeah I didn't do any commerce related subjects in vce either, you will get a taste of them once you start uni, although it'd be pretty hard for you to enjoy actuarial if you don't like finance/economics lol as actuary and finance are very closely related

[Gloamglozer]

I guess in the old days it actually was just a typical desk job + pen + paper + numbers + calculator and what not lol

nowadays it is much more diversified, you could use your actuary skills in alot of specific and related fields, financial adviser, financial analyst, risk management, investment banker etc all kinds of things lol

It's a Poisson process I tell you! 

[Jenny_2108]

haha yeah I didn't do any commerce related subjects in vce either, you will get a taste of them once you start uni, although it'd be pretty hard for you to enjoy actuarial if you don't like finance/economics lol as actuary and finance are very closely related

Okay, lets see next year, If I don't like finance/economics, I can transfer from double degree to single degree

[Biceps]

Wow it sounds like a fun subject. :O
i don't mind studying a lot if it is something i enjoy.
Is the course boring?

[TrueTears]

definitely not, very fun indeed