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Jackchew
04-27-2009, 05:30 PM
Hi, can I know that how is the actuarial science program in NTU?

Is it very difficult to get this specialisation?

how many students are being enrolled for this course every year?

Pls help me for my queries.. Thanks..

Jackchew
04-27-2009, 11:39 PM
Help me pls.. thanks..

GSC1989
04-28-2009, 12:20 AM
Hmm, from what I have heard from NBS open houses, the streaming for Actuarial Science is dependent on your performance for math related modules in the first year, apart from your general performance overall of course.(statistics comes into mind, and although basic accounting isn't exactly math, I believe the ability to read balance sheets and the like is considered under their selection criteria for a potential actuarist aka basic asset management skills).

Jackchew
04-28-2009, 12:24 AM
Thanks..
But between how the streaming process is taken place?
Do you know that how many places are available?
if compare with banking&finance, which one is more competitive?
I am quite afraid that I cant get the specialisation..

Thanks..

sonrocker
04-28-2009, 08:49 AM
The number of actuarial science students is less than 100, if i dun rmb wrongly.
It's mostly related to asset management, risk modelling. Career path: investment banking, insurance etc..
In comparison with B&F, i think Actuarial science is more competitive as the selection criteria is more stringent. I have to get a high score for statistic module in Year 1 to specialise in acturial science, which starts from Year 2. [ All majors only start in year 2 ]
Hope this helps.

Jackchew
04-28-2009, 11:30 AM
Thanks..
By the way, what is the mark approximately?

I wish to go to NTU, but really afraid that I can't get the actuarial science specialisation, cause I want to study actuarial science..
You studying in NTU, right? Can I know how's the environment there?
Is there any assignments given? How they apportion between final exam and course works?

Thanks..

sonrocker
04-28-2009, 12:17 PM
I'm not from NTU haha i'm applying this year bah, just like u i guess

What's e mark? It'd be " A " or at least a " B " for statistics module.
Relax la, u have 1 year to prove ur worth for actuarial science if u make the cut.
Assessment-wise, will have various forms: assignments, discussion, projects, blah blah.. rmb it' still under biz school.

skizzer
04-28-2009, 06:04 PM
i thought actuarial science is like a major in the business course in ntu?

Jackchew
04-29-2009, 04:20 AM
That's mean you apply direct entry to 2nd year in NTU?

Do you mind to tell me that which uni you from now?

Thanks. Your replies help me a lot..

sonrocker
04-29-2009, 08:49 AM
Haha no i'm applying to NTU this year . I just got my A level results this year.
Yea actuarial science is a major in the biz course, but u only choose ur major in 2nd year so if u want to major in actuarial science, make sure u get good results for 1st year, especially statistics module.
Hope it's clear now. xD

Jackchew
04-29-2009, 12:30 PM
NTU reply you ady? What is your first choice, by the way? I am still very afraid of the streaming..

RL2438
04-29-2009, 06:37 PM
Hi,

Anyone who is interested in the above course can check this website for more details.

http://www.nbs.ntu.edu.sg/undergrad/BUS/Prog_Struct/Bus_Prog_Struct_ACS.asp

To know more abt being an actuary, check

http://www.actuaries.org.uk,

which is the official website for Actuarial Science in NBS, as the course is according to UK's syllabus.

For more on the business majors streaming criteria, go to this website.

http://www.nbs.ntu.edu.sg/undergrad/BUS/Prog_Struct/Major_Streaming.asp

Hope these information helps.=)

elee
05-14-2009, 08:48 PM
Im an NBS student so hopefully I can help you out a little here.

I'm not sure exactly how hard it is to get into Actuarial Science but students are often deterred from choosing this major for a few reasons: 1. the profs themselves discourage students from picking the major unless they are VERY strong in mathematics 2. from what i heard, it is VERY competitive, MUCH MUCH MORE competitive than BnF, largely attributed to its small cohort.

If you're really sure Actuarial Science is what you want, you got to make sure you score well in Financial Management, Statistics, Economics, and Accounting I in your first year. The general consensus is that you have to have the aptitude and the passion for mathematics to do well in this major.

Jackchew
05-15-2009, 02:48 AM
Thanks.

By the way, can I know what specialisation you are in now?

Afraid-_-

bugbugbug
06-02-2009, 02:57 AM
Erm,

i) =.='' It's MUCH harder to get into BnF and Tourism $ Hospitality Management, as compared to Actuarial Science. This is because of the extremely high demand for these two majors relative to their vacancies.

ii) Every year, there are at most 50 people admitted into Actuarial Science. But there's not many who applied to come in either. Students who are passionate in mathematics and statistics are much welcomed. As you are so determined to pursue ACS as ur interest, I'm sure your mathematics is good enough to secure a placement in this specialization.

iii) trust me. =P (unless suddenly Singapore's attention divert suddenly from Bankings to Insurance)

GSC1989
06-02-2009, 03:14 AM
Do you mind ranking the presumed difficulty of getting into the different majors then? (in your opinion of course).

E.G (with 1 being the hardest and 6 being the least difficult to get in)
1. Banking and Finance
2. XXX major
3. YYY major

Would be nice to have some input from current NBS students on the streaming process.

suzumiya
06-07-2009, 03:47 AM
IMO, majors ranked according to how tough it is to get in would be:

1. Banking and Finance - This is SUPER popular. A majority of the students in NBS want to get into this major, so you have to do pretty well for your Year 1 finance module (this year the cut-off was B for that mod... but even then I dunno if you're guaranteed the major) and probably do decently overall too, to qualify.

2. Tourism and Hospitality - Also pretty popular, though the admissions process is relatively more "lecheh" than for other majors. You need to submit a statement of intent (explain why you wanna take THM), attend an interview (I never attended it so I dunno what it's like :/), and get at least B for your marketing module. Basically, to get in, you have to speak and write confidently.

3. Actuarial Science - limited spaces for this one, but also little interest among the general NBS population, so it's actually easier to get in. Basically, you have to do decently in your year 1 stats mod and other finance/math-related mods like Accounting, Financial Management etc. I put this as my first choice for streaming despite my less-than-stellar grades (no kiddin') and I got in, so... yeah. Though whether or not I can survive in act. sci. is another thing! Haha.

4. Marketing? - I have the impression this is one of the more popular non-Banking and Finance majors.

5. HR/IT - least popular. Guess they're deemed less glamorous? :S



More about the streaming process...
1. You go to an online platform and rank the majors according your preferences.
2. You get the results.
3. You have the option of appealing for a change within about a week or less.

For more info on streaming criteria check out: http://www.nbs.ntu.edu.sg/undergrad/BUS/Prog_Struct/Major_Streaming.asp

However, this is only a rough guide. Enrollment still depends on the popularity of the major. For less popular majors, you may not have to do as well as is stipulated. For more popular courses you may have to do better than is stipulated. >_>

thedr3am
03-22-2011, 12:58 PM
could you kindly let me know what acturial science is about??? I love mathematics, but I am afraid that it might be way too tough for me. and if the career prospects will be good in singapore? Thank you.:)

sonic
03-23-2011, 05:58 PM
Hi thedr3am

I believe you will find most of the information here very helpful regarding Actuarial Science. In short, you are mainly involved in statistics and modelling life and risk profiles, but you do get to do a few finance stuffs too.

DO be prepared to love maths and be really good at it, because you will definately do lots of it in this specialization. Yes it is a tough spec, but which spec isn't tough :) ?

thedr3am
03-24-2011, 11:21 AM
Hi thedr3am

I believe you will find most of the information here very helpful regarding Actuarial Science. In short, you are mainly involved in statistics and modelling life and risk profiles, but you do get to do a few finance stuffs too.

DO be prepared to love maths and be really good at it, because you will definately do lots of it in this specialization. Yes it is a tough spec, but which spec isn't tough :) ?

o i see, but i heard all business course involves lots of project work and presentations? is that true? even if we take up actuarial science as the major in second year?

sonic
03-24-2011, 06:21 PM
Hi thedr3am

Different modules have different amount of project works/ presentations, and it really depends on which modules and/or which tutors. For year 1 common business modules, I can say that most of them has some form of projects/presentations/report.

For year 2/3 actuarial science major modules, there is no project/presentation/report of any sort. However, sharing your answer with the class may be quite common. Even class participation contributes to part of your final score. More importantly, you have to do really well in the final exams to qualify for the IoA professional exemptions, what you ultimately wants to achieve in this major. Exemption depends on the FINAL paper only and nothing to do with class participation, if that is your concern.

However, there might be some changes in the modules for this incoming batch. But the general idea should be around the same, if you ask me :).

Just to add on, I think that presentation/project skills are really important in the future, when you have to work next time, even for actuaries. I believe NBS will cultivate these skills in you over time (if you ultimately choose NBS), so don't worry too much :D.

thedr3am
03-25-2011, 10:06 AM
Hi thedr3am

Different modules have different amount of project works/ presentations, and it really depends on which modules and/or which tutors. For year 1 common business modules, I can say that most of them has some form of projects/presentations/report.

For year 2/3 actuarial science major modules, there is no project/presentation/report of any sort. However, sharing your answer with the class may be quite common. Even class participation contributes to part of your final score. More importantly, you have to do really well in the final exams to qualify for the IoA professional exemptions, what you ultimately wants to achieve in this major. Exemption depends on the FINAL paper only and nothing to do with class participation, if that is your concern.

However, there might be some changes in the modules for this incoming batch. But the general idea should be around the same, if you ask me :).

Just to add on, I think that presentation/project skills are really important in the future, when you have to work next time, even for actuaries. I believe NBS will cultivate these skills in you over time (if you ultimately choose NBS), so don't worry too much :D.

Hi Sonic, thanks a lot for clearing my doubts :) will it be possible if you give me more info about business as I am still not very sure what it is about?? is there math/calculations in business? >< and which major did you take in NTU? & how is it?
i am still contemplating if i should choose business or engineering @@

sonic
03-25-2011, 02:40 PM
Hi Sonic, thanks a lot for clearing my doubts :) will it be possible if you give me more info about business as I am still not very sure what it is about?? is there math/calculations in business? >< and which major did you take in NTU? & how is it?
i am still contemplating if i should choose business or engineering @@

Yes feel free to ask any doubts you might have. I will try my best to help.

NBS basically have 6 specializations you can choose from (you can see them from the website). During the first year, you will have to take common modules to expose yourself to different specializations + basic accountancy. From there on depending on your 1st year performance you will be allowed to choose a specialization (note: you have to specialize!). More information is avaliable at NTU's website.

Regarding math/calculation, it really depends on the module. But definately accounting, finance and statistics have quite a bit of maths/calculations in it, along with theories to substantiate your numbers. Others like marketing will be more writing and project intensive. (And turns out those with numbers are the hottest specializations to choose from)

Oh and my first major is actuarial science :D .

thedr3am
03-25-2011, 04:33 PM
wow, awesome, you got into actuarial (: how is it?? is it as tough as everyone expect or tougher? haha. and the intake is quite minimum right XD
anyway, thanks alot of answering my questions! i think i understand better now, like now I know theres something i like about business.

sonic
03-25-2011, 09:12 PM
Yes the yearly intake is quite minimal (about ~50), and whether you gets in or not really depends on the demand/supply of the cohort.

And well, I would say it is challenging :) .

thedr3am
03-25-2011, 09:29 PM
oh yah, what is the chances of being able to get selected for overseas attachment? is it only for the few top students? :confused:

sonic
03-26-2011, 12:03 AM
You do have to meet certain minium requirements, otherwise it is not hard to go on an overseas exchange program. Dependent on the host university too :D.

However, if you are thinking of going actuarial science, most probably you wont have a chance to go on an exchange, IMO.

chenxj
03-28-2011, 03:09 PM
hi ,can i ask does business degree involves a lot of essay writing rather than math?if I am rather weak in essay writing but good in math,will it be a disadvantage to take biz?

funktastic
03-31-2011, 05:55 AM
hello, i would like to ask, should i not meet a grade and intend to specialize in a specific field like actuarial science, will i be able to repeat the module to qualify for the specialization?
cos imo it kinda sucks to be forced into another field if you didn't do exceptionally well in year 1.

sonic
04-01-2011, 08:18 PM
Hi chenxj

It really depends on whether you have the idea to write or not. My GP sucks but I am still doing fine I guess. Some modules requires you to write reports as part of the module's grading requirements, and many more requires project. However, being good at maths do really helps some foundation modules too, and second year onwards you can focus on a more "maths" major such as AS or BNF.

Hi Funk

You won't be able to repeat any modules unless you get an F (fail) for it. But please do not worry as the allocation of majors is more dependent on demand-supply rather than grades itself (Except banking).

ylehhuh
04-03-2011, 05:56 PM
You do have to meet certain minium requirements, otherwise it is not hard to go on an overseas exchange program. Dependent on the host university too :D.

However, if you are thinking of going actuarial science, most probably you wont have a chance to go on an exchange, IMO.

May I ask why the probability of going on a Xchange is less likely if one were to take on actuarial science as one of his/her majors?

aiedail
04-03-2011, 08:54 PM
May I ask why the probability of going on a Xchange is less likely if one were to take on actuarial science as one of his/her majors?

When you're going on exchange, you will need to "match" the modules that you originally have to take in NTU, with the modules that the host University offers so that you can clear them while overseas. Very few Universities will offer ACS modules, because it's quite a niche field, so the possibility of being able to go on exchange is unfortunately quite low!

ylehhuh
04-04-2011, 07:54 AM
When you're going on exchange, you will need to "match" the modules that you originally have to take in NTU, with the modules that the host University offers so that you can clear them while overseas. Very few Universities will offer ACS modules, because it's quite a niche field, so the possibility of being able to go on exchange is unfortunately quite low!

Hmm, I am accepted into double degree course in Acc and Biz in NTU. Will I be able to go on a Xchange using my Acc modules instead of Biz (Actuarial Science)?

Does B&F offer more opportunities for an Xchange?

Thanks

aiedail
04-04-2011, 10:43 AM
Hmm, I am accepted into double degree course in Acc and Biz in NTU. Will I be able to go on a Xchange using my Acc modules instead of Biz (Actuarial Science)?

Does B&F offer more opportunities for an Xchange?

Thanks

Yes accounting modules are easier to match, and you can also choose to clear your electives while on exchange too. However, you need to look at the course schedule for ACS because if I'm not wrong, ACS modules are only offered 1 semester a year, so if you go on exchange in Sem 1 and return in Sem 2, you will have to wait until the next year to clear your Sem 1 modules.

The good thing is, since you're in a double degree, you have that extra year of leeway to clear your ACS modules (if you can shuffle your ACC modules around), so depending on how you plan your schedule, it's still possible to go on exchange.

And yes, B&F will offer more opportunities for exchange, simply because there are more host universities who offer B&F modules that can be matched to the modules B&F students have to take in NTU. However, places for exchange are very competitive as well. Hahah.

Plus if you take B&F, chances are that a lot of seniors will have gone on exchange before, so there will at least be a "template" for you to follow, plus you can ask around for advice.

Note: I'm a student in NBS but I'm not in ACS. I've helped a friend in ACS try to plan for exchange though, and it was near impossible. I think we only found one University that "might" have fit the criteria. Hahah!

ylehhuh
04-04-2011, 12:27 PM
Yes accounting modules are easier to match, and you can also choose to clear your electives while on exchange too. However, you need to look at the course schedule for ACS because if I'm not wrong, ACS modules are only offered 1 semester a year, so if you go on exchange in Sem 1 and return in Sem 2, you will have to wait until the next year to clear your Sem 1 modules.

The good thing is, since you're in a double degree, you have that extra year of leeway to clear your ACS modules (if you can shuffle your ACC modules around), so depending on how you plan your schedule, it's still possible to go on exchange.

And yes, B&F will offer more opportunities for exchange, simply because there are more host universities who offer B&F modules that can be matched to the modules B&F students have to take in NTU. However, places for exchange are very competitive as well. Hahah.

Plus if you take B&F, chances are that a lot of seniors will have gone on exchange before, so there will at least be a "template" for you to follow, plus you can ask around for advice.

Note: I'm a student in NBS but I'm not in ACS. I've helped a friend in ACS try to plan for exchange though, and it was near impossible. I think we only found one University that "might" have fit the criteria. Hahah!

Hi there again,

I happen to accept the Nanyang Scholarship too. So my chances will be higher?

Thanks

sonic
04-04-2011, 12:56 PM
I would say its impossible to match ACS modules overseas (But maybe you can try 2-for-1 matching, at universities approved by IoA) so you can clear your accounting overseas (Not a lot too as many crucial modules are local-customized). Banking & Finance can match more definitely. But it really depends on which university you go to.

I would suggest for you to go on an exchange during year 3 (since you are double degree) and clear your ACS cores during year 2. You will have less trouble, I can assure you :).

And I don't think Nanyang Scholarship helps in securing an exchange.

Just my 2 cents. Thanks.

And you don't have to worry so much :) just enjoy your first year! You might find something you really like to do then.

ylehhuh
04-04-2011, 01:37 PM
Thanks for the input! It really helped!