Actuarial Studies (1 Viewer)

[Bobbo1]

Whats the course like?? And would double degree should i do with this?

I'm guessing Commerce/Advanced maths?

 

[michaeljennings]

me too =) (im not spamming your threads, im just replying so its easier to find later)

 

[hungwell1337]

Because you called your thread, "actuarial studies" im assuming actuarial is your goal...

advanced maths with actuarial

pros:
- very focused and heavily mathematical they compliment each other to an extent
- lets you complete actuarial pt2s during your undergraduate years if you are smart with your subject selection

cons:
- guaranteed a shit timetable
- requires a fair bit of overloading if you want to get your actuarial pt1s and 2s.
- cant do another commerce major
- not flexible with your subjects
- fairly limited options once you graduate
- lack of females (though this could be a pro, if you swing that way)

An alternative is

B.com/B.eco

Pros:
- lets you triple major (finance, actuarial, some eco major)
- lets you do actuarial pt 2s, (only need to overload 1 subject)
- decent timetables
- subjects compliment each other fairly well
- more opportunities upon graduation
- more flexible subjects/study methods

cons:
- every course will have class participation marks
- a lot of them will have group assignments (only if you get 3 fobs)

 

[Bobbo1]

me too =) (im not spamming your threads, im just replying so its easier to find later)

stalker much?? jking, and hungwell so should i do com/eco instead?? - idk why all the actuaries want to do the comm/maths degree then if they have a easier option??

 

[Yip]

if you want to do maths with actuarial, pair it with a regular B.Sc with a math major; don't do advanced maths.

Downsides of Adv. maths:
- You must do an honors year in maths; this isn't everyone's cup of tea
- You must do SCIF; this course is well known to be boring, irrelevant, and also drags WAMs down
Upside of Adv maths:
- You get an extra word in front of your degree at the end

The advanced maths degree is really just a marketing exercise by the Faculty of Science; you don't get access to any extra courses compared to a regular maths degree. In addition, if you do a regular maths degree, you have the interesting option of being able to get a triple major (Actuarial, maths and stats); this is the only triple major that is possible with the Comm/Sci pairing (it was negotiated by the ASB and the School of maths a long time ago).

You also don't need to overload to get part 2s: here is a recommended study plan:
http://www.maths.unsw.edu.au/futurestudents/actuarial-study-plan

 

[muzeikchun852]

which course should choose if I'm not sure whether I want to be an actuary but want to do something related to finance for sure ?

 

[apollo1]

which course should choose if I'm not sure whether I want to be an actuary but want to do something related to finance for sure ?

any B commerce degree will give you the flexibility to major in other business disciplines if actuarial does not float your boat.

 

[hungwell1337]

com eco

 

[muzeikchun852]

com eco

but unsw changed the course to one major in commerce and one major in economics. so this cannot be done for 2012.

Pros:
- lets you triple major (finance, actuarial, some eco major)

 

[hungwell1337]

its shit how they have changed it but you can still be eligible for 3 majors

8 for finance
8 for actuarial
10 for econometrics
2 for gen ed
4 more subjects to meet your compulsory/flexible cores (accounting 1a 1b, management, economic analysis)

subjects will be equivalent, and it should work out lol.

 

[muzeikchun852]

its shit how they have changed it but you can still be eligible for 3 majors

8 for finance
8 for actuarial
10 for econometrics
2 for gen ed
4 more subjects to meet your compulsory/flexible cores (accounting 1a 1b, management, economic analysis)

subjects will be equivalent, and it should work out lol.

damn. seems like a good plan and lower cut-off as well.

 

[hungwell1337]

they might make the actuarial program exclusive to the up and coming b.actuarial degree

 

[muzeikchun852]

that's probably not going to be in 2012.

 

[muzeikchun852]

but back to the degree. can't I do what you did for com eco and do two majors for the com component in com adv maths ?

 

[Bobbo1]

ty, anyone else have any other suggestions?

 

[Mature Lamb]

wtf was my post deleted?

 

[hungwell1337]

wtf was my post deleted?

because it was probably shit

 

[Mature Lamb]

because it was probably shit

lol ok u hard

 

[bored of ur mum]

srsly if u want to do actuarial, why dont u just do a single degree in commerce majoring in fins/actl

it is the smartest way to get a D/HD WAM when u apply for internships/grad jobs. 3rd yr subjects tend to be the hardest, but if ur just doing a straight comm degree, those marks wont be included when u submit ur grad applications. Hell 2nd yr subject marks wont even be included when u do ur intern apps. And it is very easy to HD WAM 1st yr.

 

[schmeichung]

3rd year actuarial courses are actually easier than 2nd year because some of them are quite repetitive in a way..
and 3rd year courses more relate to real world which are easier to understand..

If you want to do something inter-relate between actl and fins, I strongly suggest you to do FINS3635 and FINS3636
you will find them very easy if you have gone through some actl courses..