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Let's talk about actuarial scienceactuary
Let's talk about actuarial science
[mod; changed the spelling of 'science' in the subject field for clarity, and in the posting for consistency - Bikerman] Ankhanu
Sure, get us started.
kafechew
Actuary
When will u start waiting here! kafechew
Then, I start 1st.
adapted from Actuarial Student's Site You can be a genius in mathematics but not must in actuarial science. Actuarial science is NOT ALL about mathematics, but involving lots of statistics, modelling, finance, economics, accounting and so on. So, even when you don't end up as an actuary, you will still have other career options such as working in risk management, investment, etc. Hence, if you love mathematics, you will love pure mathematics. If you love applying mathematics (in business or economics), you will love actuarial science. thetinyclam
Hi guys, I'm a math major here at UCLA and let me tell you guys that actuarial sciences are one of the hardest applied mathematics area. You are not considered and actuary until you take the first 2 exams, and only then will you be able to get an entry level job in actuarial sciences, whether it be medical insurances or even car insurance. In some cases, if you have 1 exam under your belt and is scheduled to take another one in the following months, an employer will get you onboard if they are confident in your skills and think you will pass. If you guys only know how hard the CPA test (for accountants) is... I can then tell you guys that the actuary tests make the CPA tests look stupid.
kafechew
[quote="thetinyclam" You are not considered and actuary until you take the first 2 exams, and only then will you be able to get an entry level job in actuarial sciences[/quote]
Wat I know, u hv at least passed 6 exams to b considered as actuary ( associate ) n 9 exams 2 b fellow. guissmo
How long does it take to study for the whole test, usually?
I'm a pure Math major and trying to see what I can do in the future.  kafechew
depends.. the genius 1 may finish by 4 - 5 years sum pp can't finish even forever! for SOA, Idealistically, 1 test per 1 year it is better if ( My plan ) u take exam P 1st ( Jan, Sem 2, year 1) exam FM + exam MLC (May, Sem 2, year 1) exam MFE + exam C (May, Sem 4, year 2) then FAP 1 month for 5 modules + exam 1 96 hours for 3 modules + exam 2 APC half day To proceed from Associate to Fellow in the SoA, additional courses have to be completed: * Two FSA Modules in one specialty track * One Company/Sponsor Perspective (CSP) paper and one Design and Pricing (DP) paper from one of the following areas: a) Finance: Advanced Finance and ERM(CSP)/Financial Economic Theory (DP) b) Enterprise Risk Management (ERM): Advanced Finance and ERM (CSP)/Financial Economic Theory (DP) c) Investments: Advanced Portfolio Management (CSP)/Financial Economic Theory (DP) d) Group and Health: Group and Health CSP Exam / Group and Health DP Exam e) Individual Life and Annuities: Individual Life and Annuities CSP Exam / Individual Life and Annuities DP Exam f) Retirement Benefits: Retiremenet Benefits CSP Exam / Retirement Benefits DP Exam - Strategic Business Management (SBM) Module - Fellowship Admissions Course (FAC) so, estimated 4~5 years more Related topics
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