statistics major or actuarial (1 Viewer)

[Tazzz]

hey i just finished my first year at unsw and am not sure what to major in stats or actuarial, my other major is finance and i would like to work in the finance industry once i graduate can u guys give me any help on which to pick and y

 

[Mature Lamb]

are you talking about commerce/science? if your commerce major is finance, you can't major in actuarial studies for science, only statistics. unless you meant a double major for commerce, and then a statistics major for science which would give you a triple major? :S

 

[Tazzz]

no im doing commerce&economics and have gotten permission from the econ department that i can do stats from the maths and stats facualty as a major if i want to. my third/compulsory econ major will be financial econ.

 

[Tazzz]

will subjects such as actl 3001 actuarial stats ACTL3002 Life Ins.& Superann. Models ACTL3003 Insurance Risk Models be relevant to a career in finance,

 

[Shadowdude]

will subjects such as actl 3001 actuarial stats ACTL3002 Life Ins.& Superann. Models ACTL3003 Insurance Risk Models be relevant to a career in finance,

Umm... no, Finance subjects are good for careers in Finance.

 

[runnable]

Don't do Actuarial unless you want to be an actuary. You'll want the highest WAM possible to seek a job and ACTL subjects will kill your WAM. They aren't even that helpful for Finance jobs.

 

[Tazzz]

i hear alot of people saying actl has alot of finance related stuff in it and that alot of the insurance/actuarial topics can be applied to finance.

 

[Tazzz]

i want to do stats or actl which are equal as hard or so i have heard so they will probably hurt my wam none the less.

 

[kaz1]

you can work in finance from actuary but if you're planning to work in finance do finance

 

[Tazzz]

you can work in finance from actuary but if you're planning to work in finance do finance

as i said in my original post i am doing finance + one other major either (actl or stats), and i am not sure which one, i understand finance is the best major but which major would best compliment a finance major to give me maximum opportunities in getting a job in the finance industry, looking at sales&trading in particular

 

[kaz1]

actl is hard so do stats

 

[Tazzz]

actl is hard so do stats

isnt stats equally as hard as actl, btw kaz how did u go in actl 1001

 

[kaz1]

isnt stats equally as hard as actl, btw kaz how did u go in actl 1001

I don't really know which is harder I just assumed actl was.
I think I went alright, the test wasn't as hard as I expected it to be.

 

[runnable]

as i said in my original post i am doing finance + one other major either (actl or stats), and i am not sure which one, i understand finance is the best major but which major would best compliment a finance major to give me maximum opportunities in getting a job in the finance industry, looking at sales&trading in particular

Forget ACTL for Sales and Trading. If anything maybe Stats but even that's limited. Do Economics or something for S&T.

 

[Tazzz]

other then difficulty is there any reason to do stats over actuarial or vice versa or is it just a matter of preference

 

[Tazzz]

Forget ACTL for Sales and Trading. If anything maybe Stats but even that's limited. Do Economics or something for S&T.

can u give me specific reason y not to do actl and to do econ and stats, sorry to be a pain

 

[runnable]

can u give me specific reason y not to do actl and to do econ and stats, sorry to be a pain

You will use very little to none of ACTL for Sales and Trading. Stats perhaps if you incorporate it into your trading strategy but you will always need economics to analyse the market. This is of course specific to S&T. As I said, unless you want to become an Actuary, don't do ACTL.

 

[jaychouf4n]

I would go statistics, simply because the actuarial course at unsw is a bit of a joke ATM. In any case, a lot of the stuff you learn in actuarial overlaps with statistics, I would dare say that you would learn far more with a statistics degree.

No idea what you need to go into finance, but from talking to various finance co ops and actuarial co ops, they all say finance and statistics is the best degree to go into trading. (take from that what you will) Though if you want to go into trading, I would start now with your own capital. (put $500 in and leverage it) In an interview with a fund manager, they asked me whether I traded and what I would trade in if I had the cash. (I failed horribly if you're wondering, I don't trade as a past time and don't really keep up with the news)

 

[Tazzz]

yeah i hear that actl is outdated in unsw is there any truth to that

 

[lyounamu]

^Well alot of people comment on ACTL course saying that it's not very relevant and useless. But then again, alot of courses that we learn at UNI are not that relevant to work.