Actuarial studies

[luken93]

ilovemathmeth, what are the advantages of doing part 3 when you can get a job after just doing part 1 and 2 at uni?

[tram]

I'm not ilovemathmeth but completing part 3 makes you offically an actuary, the certification is recgonised in England and you probs can get a higher salary (not that you would need;))

[humph]

I dunno, I like Calculus related Maths, I thought it was in Actuarial :S

? God no, it's all statistics and a bit of probability. Tiny bit of calculus knowledge is needed, of course, but it's hardly the main point...

[Yitzi_K]

Completely off topic, but why do people assume that anyone remotely smart/scholastically oriented much be asian?

None of the IPhO team last year was, and I know that one of the guys in it also got a 99.95.

Melbourne grammar had 7 99.95s last year. 6 of them were Aisan.
just sayin...

[enwiabe]

I dunno, I like Calculus related Maths, I thought it was in Actuarial :S

? God no, it's all statistics and a bit of probability. Tiny bit of calculus knowledge is needed, of course, but it's hardly the main point...

My understanding of actuarial is that it's mainly continuous, multi-variate probability distributions, for which you'd need a *shite*load of calculus + computational mathematics skill...

[tram]

damn, so how good do you have to be with computers and programming cos i'm not exactly the best with computers:S

[Ilovemathsmeth]

By doing part 3, you've qualified as a full actuary and I think the pay is higher

[AzureBlue]

By doing part 3, you've qualified as a full actuary and I think the pay is higher

Yeah, that's true. The 4 IAA accredited universities in AUS are Macquarie, ANU, Melb Uni and UNSW (please correct me if I'm wrong).
Part I - BComm (Actuarial Studies)
Part II - Honours Year
Part III - You actually have to do the exams.

[tram]

dammmmm still dunno if i wanna go anu or UoM. hear Anu awesome act stud degree, but Melbs just so much easier. Don't have to move out or anything. It's convnient, ect.

[luken93]

so what are job prospects like if you havent done part 3?
why does it take 3 years to complete after you have done honours year?

[AzureBlue]

dammmmm still dunno if i wanna go anu or UoM. hear Anu awesome act stud degree, but Melbs just so much easier. Don't have to move out or anything. It's convnient, ect.

Yeah, I'm deciding between Melbourne, Macquarie and ANU. Same with me, I'm definitely most likely going to Melbourne, much easier, don't have to board (as nice as residential colleges are, ~$600 p/w is like about $30,000 a year, so you'll have to pay double the money to go to uni).

[tram]

so what are job prospects like if you havent done part 3?
why does it take 3 years to complete after you have done honours year?

The thing is, if your've already done part 2, you might as well. You are able to completely part 3 within with a year, so the minimunm time it takes to officially qualify is 5 years. Having said that, most ppl take at least two years to complete pert 3 cos they're working. Job oppostinities are just easier. with part 3 under your belt. Like you probs would be reli reli reli disadvantaged seeing as actuaries are in such demand, however, if you want the truly huge salaries, do part three, i'm sure it will be worth it.

dammmmm still dunno if i wanna go anu or UoM. hear Anu awesome act stud degree, but Melbs just so much easier. Don't have to move out or anything. It's convnient, ect.

Yeah, I'm deciding between Melbourne, Macquarie and ANU. Same with me, I'm definitely most likely going to Melbourne, much easier, don't have to board (as nice as residential colleges are, ~$600 p/w is like about $30,000 a year, so you'll have to pay double the money to go to uni).

Exactly, however scolorships can be a great help........

[AzureBlue]

dammmmm still dunno if i wanna go anu or UoM. hear Anu awesome act stud degree, but Melbs just so much easier. Don't have to move out or anything. It's convnient, ect.

Yeah, I'm deciding between Melbourne, Macquarie and ANU. Same with me, I'm definitely most likely going to Melbourne, much easier, don't have to board (as nice as residential colleges are, ~$600 p/w is like about $30,000 a year, so you'll have to pay double the money to go to uni).

Exactly, however scolorships can be a great help........
[/quote]
Do scholarships for residential colleges exist at Macq or ANU?

[tram]

hmmmmm no idea. u feel like doing some reasearch azure? cos i ceebes

[/0]

dammmmm still dunno if i wanna go anu or UoM. hear Anu awesome act stud degree, but Melbs just so much easier. Don't have to move out or anything. It's convnient, ect.

Yeah, I'm deciding between Melbourne, Macquarie and ANU. Same with me, I'm definitely most likely going to Melbourne, much easier, don't have to board (as nice as residential colleges are, ~$600 p/w is like about $30,000 a year, so you'll have to pay double the money to go to uni).

Exactly, however scolorships can be a great help........

Do scholarships for residential colleges exist at Macq or ANU?

I think there's only a residential bursary for Fenner Hall at ANU. It's worth 50% of the fees.
By the way, $30,000 is a bit over the top.
If you go to a catered hall it's $12,000 a year, and if you go for uncatered it's $6,000 a year.