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March 29, 2024, 05:24:47 am

Author Topic: Commerce (actuarial studies) question  (Read 27336 times)  Share 

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methodsboy

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Re: Commerece (acturial studies) question
« Reply #15 on: December 26, 2008, 09:50:07 pm »
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Hey.
I reckon its possible to get into the Acturial program At Melb Uni without spesh maths.
If so, this means that you have to take maths subjects as breadth.
I have a friend who is doing Commerce and is doing a acturial major without 3/4 spesh maths...
She did:
Semester 1: Calculus 1
Semester 2: Calculus 2 and Linear Algebra (im not sure why she did linear algebra that semester but I could always ask her :D)
kewl that gives me some hope. Does anyone know about the policies at Monash?

humph

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Re: Commerece (acturial studies) question
« Reply #16 on: December 26, 2008, 09:54:10 pm »
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Hey.
I reckon its possible to get into the Acturial program At Melb Uni without spesh maths.
If so, this means that you have to take maths subjects as breadth.
I have a friend who is doing Commerce and is doing a acturial major without 3/4 spesh maths...
She did:
Semester 1: Calculus 1
Semester 2: Calculus 2 and Linear Algebra (im not sure why she did linear algebra that semester but I could always ask her :D)
kewl that gives me some hope. Does anyone know about the policies at Monash?
I'm guessing they'd have a pretty similar policy (and of course the maths courses at Monash would be easier).

Are you certain that you want to do Actuarial Studies? Not discouraging you particularly, but there's a pretty high dropout rate as it's an extremely difficult course.
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Feel free to ask me about (advanced) mathematics.

methodsboy

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Re: Commerece (acturial studies) question
« Reply #17 on: December 26, 2008, 10:01:48 pm »
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^ im considering it. Is first year commerce just a general degree or do they make you pick your specialization when you first enrol?

brendan

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Re: Commerece (acturial studies) question
« Reply #18 on: December 26, 2008, 10:04:40 pm »
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^ im considering it. Is first year commerce just a general degree or do they make you pick your specialization when you first enrol?

at least if you plan on getting your CA accreditation or majoring in Actuarial Studies, you would have to pick it from the start. i did post up a first year program for Commerce students at UoM that keeps all your options open.
« Last Edit: December 26, 2008, 10:07:03 pm by Brendan »

shinny

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Re: Commerece (acturial studies) question
« Reply #19 on: December 26, 2008, 10:09:37 pm »
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Quote from: http://www.bcom.unimelb.edu.au/downloads/Actuarial09.pdf
Entry Requirements to Major in Actuarial Studies
To major in actuarial studies you will need to meet the admission requirements for entry into the Bachelor of Commerce.

For more information on admission requirements please visit: www.bcom.unimelb.edu.au/bachelor/entry.html

In order to gain entry to the first year mathematics subjects you will need a study score of at least 37 in VCE Units 3 & 4 Specialist Mathematics or equivalent. Alternative study programs are possible for students who attended a school where VCE Specialist Mathematics or equivalent was not available, and for students who do not have the required study score in VCE Specialist Mathematics. For more information contact the Undergraduate Commerce Student Centre.
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dekoyl

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Re: Commerece (acturial studies) question
« Reply #20 on: December 27, 2008, 12:23:01 am »
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I've never heard much about actuarial studies (not really interested in commerce) but from what I can gather:
Quote
The role of the actuary involves the assessment, evaluation and management of the financial risks...As a result of this diverse background and their strong analytical skills, actuaries serve as financial advisers to a wide range of commercial organisations...In most cases, they are asked to tackle a wide range of financial problems, often involving future uncertainty.
Why is specialist maths needed? Is it just because of the calculus covered? It seems to be quite a difficult course but is it worth the hard work?

brendan

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Re: Commerece (acturial studies) question
« Reply #21 on: December 27, 2008, 12:28:46 am »
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because you need the math, particularly the calculus.

you will need specialist level math if you want to advance in econ, finance or actuarial studies

squance

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Re: Commerece (acturial studies) question
« Reply #22 on: December 27, 2008, 12:30:30 am »
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and thats why my friend had to pick up Calculus 1 and Calculus 2 (not sure about linear algebra) as breadth studies in order to do the major in acturial studies.

brendan

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Re: Commerece (acturial studies) question
« Reply #23 on: December 27, 2008, 12:46:52 am »
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Hey.
I reckon its possible to get into the Acturial program At Melb Uni without spesh maths.
If so, this means that you have to take maths subjects as breadth.
I have a friend who is doing Commerce and is doing a acturial major without 3/4 spesh maths...
She did:
Semester 1: Calculus 1
Semester 2: Calculus 2 and Linear Algebra (im not sure why she did linear algebra that semester but I could always ask her :D)

i had a look at the prereqs needed and that seems to be right

Hey.
I reckon its possible to get into the Acturial program At Melb Uni without spesh maths.
If so, this means that you have to take maths subjects as breadth.
I have a friend who is doing Commerce and is doing a acturial major without 3/4 spesh maths...
She did:
Semester 1: Calculus 1
Semester 2: Calculus 2 and Linear Algebra (im not sure why she did linear algebra that semester but I could always ask her :D)
kewl that gives me some hope. Does anyone know about the policies at Monash?

i would still advise you to do specialist mathematics if you are really keen on actuarial studies.

however your score of 35 for methods suggests that you might not be a suitable candidate for actuarial studies.

if you do choose to pursue the Actuarial Studies program at UoM, im pretty sure that it will rule you out of CA/CPA accreditation as you won't be able to fit in the subject BPA.

The only way you can create a first year program at UoM which keeps all your options open:
Actuarial accreditation, CA/CPA accreditation, econ major, finance major, etc. is for you to take Specialist Mathematics and get 38 or above
« Last Edit: December 27, 2008, 12:51:17 am by Brendan »

dekoyl

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Re: Commerece (acturial studies) question
« Reply #24 on: December 27, 2008, 12:52:08 am »
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i would still advise you to do specialist mathematics if you are really keen on actuarial studies.

however your score of 35 for methods suggests that you might not be a suitable candidate for actuarial studies.

if you do choose to pursue the Actuarial Studies progra at UoM, im pretty sure that it will rule you out of CA/CPA accreditation as you won't be able to fit in the subject BPA.
Brendan, in your opinion, if one wished to pursue actuarial studies, what would you think their methods study score should be?

brendan

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Re: Commerece (acturial studies) question
« Reply #25 on: December 27, 2008, 12:53:33 am »
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i would still advise you to do specialist mathematics if you are really keen on actuarial studies.

however your score of 35 for methods suggests that you might not be a suitable candidate for actuarial studies.

if you do choose to pursue the Actuarial Studies progra at UoM, im pretty sure that it will rule you out of CA/CPA accreditation as you won't be able to fit in the subject BPA.
Brendan, in your opinion, if one wished to pursue actuarial studies, what would you think their methods study score should be?

Well the specialist study score needs to be 38. So that scaled is say 48. To get scaled 48 in methods would take around 45 raw. So my rough estimate is 45 raw in methods.

brendan

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Re: Commerece (acturial studies) question
« Reply #26 on: December 27, 2008, 01:01:09 am »
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Well the specialist study score needs to be 38. So that scaled is say 48. To get scaled 48 in methods would take around 45 raw. So my rough estimate is 45 raw in methods.

nickalaz

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Re: Commerece (acturial studies) question
« Reply #27 on: December 27, 2008, 01:04:01 am »
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id say thats a bit rough.

getting an A+ in the methods exams should be enough. a few silly mistakes on the exams and you can be down to a score of ~39-42... however you would still have a strong grasp of the concepts to be able to get a score like that.

brendan

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Re: Commerece (acturial studies) question
« Reply #28 on: December 27, 2008, 01:06:59 am »
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id say thats a bit rough.

getting an A+ in the methods exams should be enough. a few silly mistakes on the exams and you can be down to a score of ~39-42... however you would still have a strong grasp of the concepts to be able to get a score like that.

I think it would take more than just silly mistakes to drop to 35 though.

shinny

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Re: Commerece (acturial studies) question
« Reply #29 on: December 27, 2008, 01:08:37 am »
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I wouldn't say Methods is a good indication of one's ability to succeed in actuarial studies though. A large proportion of Methods study score marks are lost just on careless mistakes. Actuarial studies and specialist in some aspects is difficult in the fact that some people just simply can't comprehend that level of Maths. Even VN's own super-god Ahmad just scraped your 'rough estimate', but he definitely seems capable of whatever actuarial studies has to offer.

EDIT: Pfft, others have already raised my point as I was typing ._.
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YR11 '07: Biology 49
YR12 '08: Chemistry 47; Spesh 41; Methods 49; Business Management 50; English 43

ENTER: 99.70