Actuarial Studies - right path for me? (1 Viewer)

[dvse]

the devil's in the details

Feynman on maths vs physics, which more or less carries over to modeling any real world system:

YouTube - Richard Feynman - The Relation of Mathematics & Physics - Part 5

 

[ascentyx]

Developing skills are more important than knowledge for business as you could very well be on the forefront when it comes to products and pricing - the ability to learn new things quickly and to take a practical approach is important.

Also, all the major breakthroughs in financial mathematics of late have come from some kind of industry collaboration - all the good stuff is kept in the banks. Only when its usefulness is nought do you ever see the good stuff being published. Academia will aways be behind the curve. For example, the story on the GS trading systems being leaked probably contains a myriad of discoveries on market microstructure theory.

I think it would be similar in other industries where protecting trade secrets is important, eg Boeing, Lockheed Martin, NASA, etc

Holy fuck you're wise

 

[§eraphim]

Feynman on maths vs physics, which more or less carries over to modeling any real world system:

YouTube - Richard Feynman - The Relation of Mathematics & Physics - Part 5

This is good...thanks.

 

[ninjas]

which is a better compliment to actuary from the science degree; statistsics, applied maths, pure maths, or something else?

 

[velox]

actuarial is already applied stats. I'd do applied math, or something else like arts and learn a language.

 

[dvse]

actuarial is already applied stats. I'd do applied math, or something else like arts and learn a language.

Intersection with stats is surprisingly small, so it will in no way hurt. Pure maths is the most useful if you are interested in research or learning more advanced topics in finance.

 

[Trebla]

which is a better compliment to actuary from the science degree; statistsics, applied maths, pure maths, or something else?

Either statistics or applied mathematics (or both). Either will definitely be an extension from any statistics or mathematics you cover in actuary with some overlap.

 

[lyounamu]

Late thanks to everyone. I think I am sure that I will do Actuarial Studies for my Uni Degree.

Now, I am thinking of Combined Degree and majors to go with. I am really interested in Insurance, Investment Banking, and other prominent business area. Which other majors would suit me? (or other discipline).

Available Combined degrees are:

1. Commerce (International)
2. Commerce/Eco
3. Commerce (Liberal Studies)
4. Commerce/Sci

These 4 are the combined degrees that I am considering...and what do you suggest for another major for Commerce if I undertake Commerce/Eco, Commerce (International) or Comerce (Liberal Studies)?

 

[Studentleader]

Late thanks to everyone. I think I am sure that I will do Actuarial Studies for my Uni Degree.

Now, I am thinking of Combined Degree and majors to go with. I am really interested in Insurance, Investment Banking, and other prominent business area. Which other majors would suit me? (or other discipline).

Available Combined degrees are:

1. Commerce (International)
2. Commerce/Eco
3. Commerce (Liberal Studies)
4. Commerce/Sci

These 4 are the combined degrees that I am considering...and what do you suggest for another major for Commerce if I undertake Commerce/Eco, Commerce (International) or Comerce (Liberal Studies)?

Statistics

 

[ehtefaz.hedayet]

Late thanks to everyone. I think I am sure that I will do Actuarial Studies for my Uni Degree.

Now, I am thinking of Combined Degree and majors to go with. I am really interested in Insurance, Investment Banking, and other prominent business area. Which other majors would suit me? (or other discipline).

Available Combined degrees are:

1. Commerce (International)
2. Commerce/Eco
3. Commerce (Liberal Studies)
4. Commerce/Sci

These 4 are the combined degrees that I am considering...and what do you suggest for another major for Commerce if I undertake Commerce/Eco, Commerce (International) or Comerce (Liberal Studies)?

which uni?

 

[lyounamu]

which uni?

unsw

 

[ehtefaz.hedayet]

unsw

ahhh nice

to answer your question i would say finance, feel free to object coz i don't know much about actuarial studies.

 

[Monstar]

Many kids pair it with finance.. but i'd reckon that acst would already cover the finance topics in depth already? Maybe you should ask around if they cover financial instruments and valuation tools. And as someone said it sets you up for prestigous high paying jobs such as ib.. and from what I hear they take mostly comm/law kids but it'd be a reasonable assumption they'd take acst kids provided you aren't autistic or some shit.

 

[velox]

Finance is really a waste of time. I can comfortably say I have learnt a finance major on my own without doing a single finance course. Pick something that is harder to pick up on your own, i.e. maths or stats or maybe something interesting like a language.

 

[akqjt]

finance is really a waste of time. I can comfortably say i have learnt a finance major on my own without doing a single finance course. Pick something that is harder to pick up on your own, i.e. Maths or stats or maybe something interesting like a language.

+1

 

[Studentleader]

Pick something that is harder to pick up on your own, i.e. maths or stats or maybe something interesting like a language.

Even though mathematics units are subsitised in my degree the contact hours are only 3-4 hrs of lectures a week so you might aswell study on your own. With that being said I'd suggest computer science or engineering.

 

[dvse]

Finance is really a waste of time. I can comfortably say I have learnt a finance major on my own without doing a single finance course. Pick something that is harder to pick up on your own, i.e. maths or stats or maybe something interesting like a language.

QFT. Indeed, paying to waste time is doubly stupid.

 

[§eraphim]

I think finance combined with something technical is good. You need the knowledge to make a good first impression, and the technical skills to back it up.

 

[108796]

don't do insurance... nobody wants to be an actuary

i'm combining with finance because it means i got like a whole years' worth of "electives" that i can do

a quant finance major at ANU is one extra course above actuarial studies, and takes an extra year (if combined with actuarial studies). given that i'm on scholarship, and have the opportunity of going on exchange, i think this is an awesome deal.

 

[yeeshu]

But don't you think it might be worth it in the end...considering the remuneration package and other benefits?

Or do you reckon some accounting co-op/cadetship > actuarial?

the actual pay is not that great...i started doing actuary wanting to be an actuary then i worked at Deutsche Bank and realised so many ppl resigned from their previous actuarial roles because 1) boring and 2) pay wasnt as great as they hyped it up