Actuarial studies

[AzureBlue]

But actuarial studies isn't just maths - there's economic modelling and stuff too so that's why I was considering doing economics, but then I have 9 subjects which is a little bit over the top. By my subjects, I'm more of a maths/science student than a commerce student, but oh well...

Actually, actuarial studies has a combination of economics, accounting, etc.  So if you want to be well prepared for the major, you might as well do 10+ subjects for VCE.    Jokes.

Well I'm doing economics, accounting and spesh, would that give me a good basis for actuarial? Cos it's something (out of a long list) I've been considering but reading this discussion makes it seem fecking hard

It is freakin' hard - only like a few people make it into third year apparently, but good subject choices

[Yitzi_K]

But actuarial studies isn't just maths - there's economic modelling and stuff too so that's why I was considering doing economics, but then I have 9 subjects which is a little bit over the top. By my subjects, I'm more of a maths/science student than a commerce student, but oh well...

Actually, actuarial studies has a combination of economics, accounting, etc.  So if you want to be well prepared for the major, you might as well do 10+ subjects for VCE.    Jokes.

Well I'm doing economics, accounting and spesh, would that give me a good basis for actuarial? Cos it's something (out of a long list) I've been considering but reading this discussion makes it seem fecking hard

It is freakin' hard - only like a few people make it into third year apparently, but good subject choices

lol yeh I haven't a clue what I want to do post-school but I'm interested in economics/commerce/finance sort of thing so it seemed like a good idea

[AzureBlue]

Yeah, I'm almost sure about actuarial studies, but if not, economics/finance is my second choice.

[Gloamglozer]

Biology
Methods
Chinese SL
English Language
Chemistry
Specialist Maths
UMEP Maths
Physics
Economics
Accounting
Business Management.

Totally.

Yep.  Totally prepared for a commerce and science degree.  Anything a scientist or a businessperson wants to throw at you, you've got all the artillery you need. 

[tram]

Biology
Methods
Chinese SL
English Language
Chemistry
Specialist Maths
UMEP Maths
Physics
Economics
Accounting
Business Management.

Totally.

yea azure, good luck with that(Y)

[EvangelionZeta]

lol, no idea but lemme put it this way. I was talking to Dr He about acturial studies and this is what he said: If you get 42/43 or lower in spech(note spelling) you might have a bit of trouble finishing the course. If you get above 45, you'll be fine, esp if you do uni maths as that grants you an expemtion from accelerated maths 1. Dr He gets about 5-10 of his studnts enrolling into act stud each year that that was what he found in his experience.

5-10 becoming Actuaries?  Really?  o_O  Interesting. 

Also, a bit late, but...

But i'm pretty sure what ever career or job you pick is going to be motivated by money to a certian extent for at least 90% of people.

The bane of my existence.  Sigh @ Humanities-based jobs paying peanuts.

[tram]

lol, no idea but lemme put it this way. I was talking to Dr He about acturial studies and this is what he said: If you get 42/43 or lower in spech(note spelling) you might have a bit of trouble finishing the course. If you get above 45, you'll be fine, esp if you do uni maths as that grants you an expemtion from accelerated maths 1. Dr He gets about 5-10 of his studnts enrolling into act stud each year that that was what he found in his experience.

5-10 becoming Actuaries?  Really?  o_O  Interesting. 

Also, a bit late, but...

But i'm pretty sure what ever career or job you pick is going to be motivated by money to a certian extent for at least 90% of people.

The bane of my existence.  Sigh @ Humanities-based jobs paying peanuts.

5-10 ppl ENROLLING into acturial studies, not all of them make it though the entire course. lol, BIG DIFFERENCE

[AzureBlue]

5-10 ppl ENROLLING into acturial studies, not all of them make it though the entire course. lol, BIG DIFFERENCE

How many people pass through third year each year in actuarial studies in UoM?

[tram]

I THINK and don't quote me but i hear that it is usually around thirty. I have just heard that figure before. May not be totally accurate

[AzureBlue]

I THINK and don't quote me but i hear that it is usually around thirty. I have just heard that figure before. May not be totally accurate

Fair enough That was more than I thought How many people do they start off with in first year, normally?

[tram]

I THINK and don't quote me but i hear that it is usually around thirty. I have just heard that figure before. May not be totally accurate

Fair enough That was more than I thought How many people do they start off with in first year, normally?

I would say they start with at least 100 ppl.

Btw, many ppl don't choose to take acturial studies further than the bachelor degree. Few do honours and even less then procced to part 3.

Btw, I'm now conciderinng going to maquarie to do act stud. Not only do they have aa good reputation and are accredited, but you are able to complete a double degree within 4 years. Not only does it allow you to gain expemtion from parts 1 and 2, however, you can get an extra degree in.

However, still comes back to: going to an interstate uni=$$$$$ 

However, on the plus side, they have quite a few scolarships so..........

[Gloamglozer]

I THINK and don't quote me but i hear that it is usually around thirty. I have just heard that figure before. May not be totally accurate

Fair enough That was more than I thought How many people do they start off with in first year, normally?

I would say they start with at least 100 ppl.

Btw, many ppl don't choose to take acturial studies further than the bachelor degree. Few do honours and even less then procced to part 3.

Actually, the coordinator for actuarial studies at UoM said that 99% of actuarial students do honours because that and along with all the other exemption subjects you've done prior to honours will get you exemption from parts 1 and 2.

[tram]

I THINK and don't quote me but i hear that it is usually around thirty. I have just heard that figure before. May not be totally accurate

Fair enough That was more than I thought How many people do they start off with in first year, normally?

I would say they start with at least 100 ppl.

Btw, many ppl don't choose to take acturial studies further than the bachelor degree. Few do honours and even less then procced to part 3.

Actually, the coordinator for actuarial studies at UoM said that 99% of actuarial students do honours because that and along with all the other exemption subjects you've done prior to honours will get you exemption from parts 1 and 2.

Whoops, my bad :S

[AzureBlue]

I THINK and don't quote me but i hear that it is usually around thirty. I have just heard that figure before. May not be totally accurate

Fair enough That was more than I thought How many people do they start off with in first year, normally?

I would say they start with at least 100 ppl.

Btw, many ppl don't choose to take acturial studies further than the bachelor degree. Few do honours and even less then procced to part 3.

Btw, I'm now conciderinng going to maquarie to do act stud. Not only do they have aa good reputation and are accredited, but you are able to complete a double degree within 4 years. Not only does it allow you to gain expemtion from parts 1 and 2, however, you can get an extra degree in.

However, still comes back to: going to an interstate uni=$$$$$ 

However, on the plus side, they have quite a few scolarships so..........

Yeah, I'm considering Macquarie too - visited their stand today and it turns out you can do Bachelor of Act Stud/BLaw or BEconomics. So double degree in 4 years sounds great. She also said they take care of their students very well - around 150 actuarial first-year students each year, and MOST of them finish third year because if you are struggling with one of the subjects, they get a third or fourth year student to tutor and help you. There's no doubt they have good commerce/business programs and even the residential colleges cost less than Melbourne Uni. Dunmore Lang costs around $350-500, which is around $100 cheaper than Melbourne. So now I'm just tossing up between UoM and Macq. I never really considered the other 2 which were accredited by the IAA (that is, ANU and UNSW).

[AzureBlue]

I THINK and don't quote me but i hear that it is usually around thirty. I have just heard that figure before. May not be totally accurate

Fair enough That was more than I thought How many people do they start off with in first year, normally?

I would say they start with at least 100 ppl.

Btw, many ppl don't choose to take acturial studies further than the bachelor degree. Few do honours and even less then procced to part 3.

Actually, the coordinator for actuarial studies at UoM said that 99% of actuarial students do honours because that and along with all the other exemption subjects you've done prior to honours will get you exemption from parts 1 and 2.

So those 99% of students doing Actuarial studies at UoM are good enough to pass through third year into honours? Wow. That's a lot too.