Well I did the Actuarial Studies course for first year, and figured it wasn't for me. Definitely think that Economics/Maths are areas much more suited to my interests.
So does that mean that getting part 1 and 2 exemptions are much more easier to get through undergrad than through the Institute? If so I find that quite interesting.
Also, do you think that doing BusFi/breadths doing summer are a good idea of reducing workload in 2nd/3rd year? My friends in Actuarial are considering this but are unsure if it's worth it.
Ahh okay fair enough. I actually thought about economics and all my breadths in maths + a diploma of maths for quite a while, but decided to stick with actuarial. Inter Macro would definitely have to be one of my favourite subjects though

I think it's certainly easier from the perspective that you don't have to worry about working a 40 hour week and studying at the same time. Especially if you're working in consulting and get unlucky with some massive deadlines right before your exams (this would be rare though). I'm actually not too sure how the pass rates for external exams compare with exemption rates. It's hard to tell since the required mark to pass the external exams (at least as far as I'm aware)/exemption requirement (at Melbourne) isn't published. I have a feeling that some other unis have fixed requirements for exemptions unlike Melbourne where it only depends on your exam and the difficulty of the exam - that would be nice

Part 2 is actually only taught through the universities in Australia though, and you can do it by distance, so I guess for part 2 it's really a matter of getting exemptions before you start work.
As for summer subjects, that really depends on the individual. I think I would struggle to study when my friends are all on holidays haha. I actually did busfi this semester after having already done financial maths 1 and so found a lot of the course to be very easy. I think it was the third time at uni I've been taught simple interest, so that's something to consider... I think potentially having done one summer/intensive so that you only do three subjects in the first semester of third year would certainly be a bonus, but there's not much point trying to ease the load in 2nd year. Pretty much everyone who could reasonably complete 3rd year gets the exemptions for non-actuarial subjects, so you really only have to worry about FM1/2 in second year.
Most people don't bother as far as I know. I would recommend taking computing/programming subjects, but those go a fair way to increasing your workload rather than reducing it, hence why I'm taking a 3rd year maths unit instead of another programming subject for my last breadth
