Well, currently considering this as a potential option but have a few questions:
What kind of salaries can I expect?
What subjects are preferable? Is a degree in Actuarial Science preferable to Maths? Is a joint honours of Maths and Economics fine? Or is even a course like Economics and Economic History acceptable?
How good at maths does one have to be? I have always got A's and good ones at that in the subject, and relatively easily, but I am far from a mathematical genius. For example I doubt I would have got into the likes of Imperial/Cambridge had I applied for Maths.
Are the qualifications different for different countries? i.e. how easily could I qualify here and then emigrate to the States?
Actuarial Science watch
- Thread Starter
- 27-07-2009 18:48
- Thread Starter
- 04-08-2009 20:27
TSR: 4 threads and 500 posts a day about whether not being attracted to black girls makes you racist, but ask a serious question about University/your career and you get zero replies in 8 days.
- 07-08-2009 00:21
I would take Maths (with some statistical modules) at uni, Actuarial Science is a great degree to have but you probably don't want to pigeon hole yourself so early on.
With regards to the actuarial exams, they are seriously hard and you're going to have 3-5yrs of exams post graduation. On graduation you can expect £30k-£35k basic (plus small bonus). On qualification you can expect £60k-£65k (plus bonus) and 5 years post qualification you can command £100k-£120k (plus significant bonus).
The actuarial profession is a great one to get in to as there is always demand and few qualified actuaries (due to the difficulty of the exams). Although like I said, the exams are solid. You'll also hear people say something to the affect of "Actuaries are people who found accountancy too exciting" but that's really neither here nor there.