Uni Stuff > Actuarial Studies
Actuary?
Jenny_2108:
--- Quote from: swarley on November 15, 2012, 10:41:32 am ---Yeah you do, if you don't you'll find a lot of it a bore. But I've only done the first year intro to actuarial unit so far. Give it a go in first year and see if you like it or not, then decide what you want to do afterwards that's what I'm doing :)
I found a lot of the insurance stuff a bit boring, 'calculate the premiums for a person aged 50, with a sum of $200,000 payable in 15 years'. I found the first half of the unit more interesting, it had more financial security calculations. I did finance 1 so I was familiar with a lot of the securities we talked about and we used formulas in finance where you plug in numbers, whereas in actuarial we derive formulas to calculate payments, interest rates etc I found this part pretty interesting - being able to turn a series of payments into a single formula then apply probabilities and what not to it. Overall, it's pretty interesting and gives you a taste of what actuarial studies is like - also you would have to put in a fair bit of work to do well in the unit, probably do more than the tute work and any extra questions he provides.
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I dunno about this course but reading your comment, all I understand is "interesting" :P
--- Quote from: taiga on November 15, 2012, 01:23:30 pm ---In all honesty if you think you are going to get a 25 in specialist, unless you are willing to work extremely hard in university, I would not take up actuarial studies. It's incredibly difficult, and I've seen some of the brightest students get crushed by it and get to the point where they want to drop out.
Be careful of what TrueTears says, he is on a different level to us :P
I think you've really got to like your maths and be able to maintain a very good study ethic throughout university, particularly for your actuarial subjects.
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Yeah, thats why I decide to do double degree, in case its too hard for me, I just change to single degree BScience in 2nd yr
About SS in spesh for coping with actuarial studies, I asked my friend studying this course at UoM as well and she also advised to choose if spesh at least 45
Anyway, I just wanna give it a try first
tram:
--- Quote from: Deleted User on November 15, 2012, 09:38:05 am ---Do you have to really like maths?
I really like the commerce-side of it (I'm extremely passionate about economics), but when it comes to maths, it's just meh to me. I mean, I'm not the worse at maths - probably above average - but I don't particularly enjoy doing it (hence why I'm not that great at it). The only area that I do like about maths, however, is probability, which is what actuarial studies is all about, right?
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The maths can get pretty tedious and hard, you've got to be motivated to get through it. If you're passionate about eco, do eco, you'll get your fair share of maths though eco.
--- Quote from: Deleted User on November 15, 2012, 12:47:25 pm ---I don't really understand how transfers or switching courses work. Do you have to start all over everything again if you decide to switch courses? Like if I choose to study actuarial studies at Melbourne and I don't like it, is it easy to switch to ecofinance later on?
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Yes, if you plan your degree carefully you can switch to eco finance in third year if it's not for you (many people do this- i'm seriously considering it)
--- Quote from: taiga on November 15, 2012, 01:23:30 pm ---In all honesty if you think you are going to get a 25 in specialist, unless you are willing to work extremely hard in university, I would not take up actuarial studies. It's incredibly difficult, and I've seen some of the brightest students get crushed by it and get to the point where they want to drop out.
Be careful of what TrueTears says, he is on a different level to us :P
I think you've really got to like your maths and be able to maintain a very good study ethic throughout university, particularly for your actuarial subjects.
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The actuarial course is pretty challenging, and you do have to work hard, without being arrogant i consider myself a strong maths student in high school (47 methods, 46 spech) and know that i'm struggling with the course, i.e. i am legitimately scarred i failed my exam two days ago (granted i didn't work as hard during semester as i should have been). Having said that, i know many people i outscored in VCE doing much better than me now, it's a very different study environment in uni, but you do have to enjoy maths and have the discipline to get through the stuff you don't like.
Biceps:
What if i am a student that had potential in achieving 45+ in both but because of silly mistakes under exam conditions i don't?
HighLatency:
Anyone know if you have to do accounting subjects like reports and analysis for first year? It was just on the sample course on the melbourne uni site
vcestudent94:
--- Quote from: oglow100 on November 15, 2012, 11:17:28 pm ---What if i am a student that had potential in achieving 45+ in both but because of silly mistakes under exam conditions i don't?
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Who cares. I won't even scrape a 40 in spesh due to silly errors but that's not gonna stop me from considering actuary. As long as your confident in your mathematical ability and have passion for maths, then by what I've heard from people on this forum, you can handle it.
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