Commerce (actuarial studies) question

[AppleXY]

ookkk. what are your opinions of actuarial studies at Monash?

I'd rather not go to it. It's not fully accredited and it's in its infancy.

PS: Please spell "Commerce" and "actuarial" properly. It's embarrassing if you don't.

[squance]

Hey.
I just asked my friend about the Calculus 2 and Linear Algebra.

Because of her high grade (87%) in Calculus 1, they allowed her to enrol in both Calculus 2 and Linear Algebra in the same semester (although I think anyone can do Calculus 2 and Linear Algebra in the same semester because both subjects only require Calculus 1 or spesh maths as a prerequisite).

She told me the reason why she did Calculus 2 and Linear Algebra was because she didn't have Maths 1 so this was an alternative way so she can get into the second year acturial program.

The prerequisites for Financial Maths 1 (second year actuarial subject) is
One of
(i) a mark of 60 or better in 620-120 UMEP Mathematics for High Achieving Students or 620-121 Mathematics A (Advanced) (for students who took these subjects in 2007 or earlier);
(ii) an average mark of 60 or better in 620-157 Mathematics 1 and 620-158 Mathematics 2, with a pass in each subject;
(iii) a mark of 75 or better in 620-141 Mathematics A;
(iv) an average mark of 75 or better in 620-155 Calculus 2 and 620-156 Linear Algebra (for enrolment in 2009 only);
(v) a mark of 75 or better in 620-156 Linear Algebra and a mark of 60 or better in 620-158 Mathematics 2; and
(vi) an average mark of 60 or better in 620-120 UMEP Mathematics for High Achieving Students and 620-158 Mathematics 2, with a pass in each subject (from the unimelb handbook https://app.portal.unimelb.edu.au/CSCApplication/view/2009/300-203).

And then there is the Probablility subject (https://app.portal.unimelb.edu.au/CSCApplication/view/2009/620-201) which requires
Calculus 2 with a grade of H2B or above, plus Linear Algebra;
Or
Accelerated Mathematics 1 (620-157 Mathematics 1 prior to 2009);
620-190 (UMEP Maths for High Achieving Students);
plus Accelerated Mathematics 2 (620-158 Mathematics 2 prior to 2009);

[AzureBlue]

ookkk. what are your opinions of actuarial studies at Monash?

I'd rather not go to it. It's not fully accredited and it's in its infancy.
PS: Please spell "Commerce" and "actuarial" properly. It's embarrassing if you don't.

Yeah, go to UoM unless Monash is in the process of being accrediated by the IAA. If you go to UoM you get... exceptions from the professional exams (Part 1, and Part 2 for honours). YAY!!

[Fluttershy]

Hey, reading this topic, and checking the new requirements for the University of Melbourne's Bachelor of Commerce majoring in Actuarial Studies, it seems that they've changed since this topic was started. I think now Specialist Maths is only highly recommended instead of compulsory. Am I right, or have I just not researched enough? O.o

[pi]

That's correct

[Greatness]

Yup you should definitely do specialist if you want to do actuarial at melbourne. The course is so rigid that you don't have much choice in first year - well it is pretty much set in stone. If you don't do specialist you need to complete calc 1 in 1st semester, then do calc 2 and linear algebra in 2nd semester with 1 of the other core units in summer. Or 1 of the math units summer semester, or you don't do introduction to actuarial studies in semester 2 as it isn't compulsory. I think it will be pretty tough if you take this path.
If you do specialist and achieve 27 or better you  go straight into calc 2 in semester 1 and do linear algebra in semester 2 - all other units are set. To continue to 2nd year you need to get a 75 average for these subjects.
If you get better than 38 in specialist then you'll take the recommended math stream of accelerated math 1 in 1st semester and accelerated math 2 in 2nd semester - again all other units are set. I think you need a 65 average for these to continue.
There are also other units in first year that you need to achieve a certain average in to get accreditation.

[Deleted User]

I'm thinking of doing actuarial studies at Melbourne, and I've heard that you need a study score of 38 in Specialist to get in. Is this true? I've tried browsing the Melbourne Uni website and I can't find this requirement anywhere.

[pi]

I'm thinking of doing actuarial studies at Melbourne, and I've heard that you need a study score of 38 in Specialist to get in. Is this true? I've tried browsing the Melbourne Uni website and I can't find this requirement anywhere.

Not true, you don't even need spesh to get into the course (although I think you have to do an extra unit to make up for it).

I've been told that 44+ spesh raw is definitely recommended though.

[HighLatency]

I'm thinking of doing actuarial studies at Melbourne, and I've heard that you need a study score of 38 in Specialist to get in. Is this true? I've tried browsing the Melbourne Uni website and I can't find this requirement anywhere.

Not true, you don't even need spesh to get into the course (although I think you have to do an extra unit to make up for it).

I've been told that 44+ spesh raw is definitely recommended though.

No 44 in spesh but got 46 in further, am I worthy?

[pi]

Well I'm not in the course. But I was seriously considering it last year.

One of the main reasons I didn't choose it over med was because I knew I wasn't good enough at maths to handle it. Having said that, there are students doing really well in actuary who haven't done spesh before.

It really depends on your confidence with you mathematical ability.

As for 46 in further, I'd have to say that's not really relevant at all. The maths in further isn't comparable to anything in actuary :/ Looking at your methods score will be a better indication