Uni Stuff > Actuarial Studies
Commerce (actuarial studies) question
dekoyl:
I've never heard much about actuarial studies (not really interested in commerce) but from what I can gather:
--- Quote ---The role of the actuary involves the assessment, evaluation and management of the financial risks...As a result of this diverse background and their strong analytical skills, actuaries serve as financial advisers to a wide range of commercial organisations...In most cases, they are asked to tackle a wide range of financial problems, often involving future uncertainty.
--- End quote ---
Why is specialist maths needed? Is it just because of the calculus covered? It seems to be quite a difficult course but is it worth the hard work?
brendan:
because you need the math, particularly the calculus.
you will need specialist level math if you want to advance in econ, finance or actuarial studies
squance:
and thats why my friend had to pick up Calculus 1 and Calculus 2 (not sure about linear algebra) as breadth studies in order to do the major in acturial studies.
brendan:
--- Quote from: squance on December 26, 2008, 09:39:29 pm ---Hey.
I reckon its possible to get into the Acturial program At Melb Uni without spesh maths.
If so, this means that you have to take maths subjects as breadth.
I have a friend who is doing Commerce and is doing a acturial major without 3/4 spesh maths...
She did:
Semester 1: Calculus 1
Semester 2: Calculus 2 and Linear Algebra (im not sure why she did linear algebra that semester but I could always ask her :D)
--- End quote ---
i had a look at the prereqs needed and that seems to be right
--- Quote from: methodsboy on December 26, 2008, 09:50:07 pm ---
--- Quote from: squance on December 26, 2008, 09:39:29 pm ---Hey.
I reckon its possible to get into the Acturial program At Melb Uni without spesh maths.
If so, this means that you have to take maths subjects as breadth.
I have a friend who is doing Commerce and is doing a acturial major without 3/4 spesh maths...
She did:
Semester 1: Calculus 1
Semester 2: Calculus 2 and Linear Algebra (im not sure why she did linear algebra that semester but I could always ask her :D)
--- End quote ---
kewl that gives me some hope. Does anyone know about the policies at Monash?
--- End quote ---
i would still advise you to do specialist mathematics if you are really keen on actuarial studies.
however your score of 35 for methods suggests that you might not be a suitable candidate for actuarial studies.
if you do choose to pursue the Actuarial Studies program at UoM, im pretty sure that it will rule you out of CA/CPA accreditation as you won't be able to fit in the subject BPA.
The only way you can create a first year program at UoM which keeps all your options open:
Actuarial accreditation, CA/CPA accreditation, econ major, finance major, etc. is for you to take Specialist Mathematics and get 38 or above
dekoyl:
--- Quote from: Brendan on December 27, 2008, 12:46:52 am ---i would still advise you to do specialist mathematics if you are really keen on actuarial studies.
however your score of 35 for methods suggests that you might not be a suitable candidate for actuarial studies.
if you do choose to pursue the Actuarial Studies progra at UoM, im pretty sure that it will rule you out of CA/CPA accreditation as you won't be able to fit in the subject BPA.
--- End quote ---
Brendan, in your opinion, if one wished to pursue actuarial studies, what would you think their methods study score should be?
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