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Old 07-10-2013, 06:10 PM   #11
Darkzion
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Quote:
Originally Posted by qwertie View Post
Actually, I should clarify that I am still an undergraduate and therefore have zero working experience in the actuarial industry. What I mentioned about working life in my post was information that I have learnt from seniors and uni professors.

As for the salary aspects, I can't really give an answer as it differs from company to company. I have a classmate who was recently employed by EY Actuarial Services (with exam benefits) but starting pay is similar to auditors, which is around $2700 a month. However, there will be exam increment and career prospects are definitely better than that of auditors.

Since you expect to pass 3 SOA exams before you graduate, I think you stand a good chance of being shortlisted for an interview
i see, maybe i did not read properly.. was skimming through posts haha
may i ask wat kind of programs or statistical softwares does ntu uses for their actuarial course?
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Old 01-28-2014, 05:56 PM   #12
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Default Actuarial Internship

Hi Everyone!

Would like to ask if anybody had previously clinched any successful actuarial internships? Will be thankful if the methods and the experiences could be shared.

Thanks in advance! Happy CNY!
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Old 11-11-2014, 08:57 PM   #13
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Very Impressive post.

Gone through the complete post information is very helpful.

Will surely adopt actuarial science to learn and work in future.

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Old 12-08-2014, 08:26 PM   #14
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Students strong in mathematics and economics should consider an actuarial science degree, and because the field is so technical and complex, earning the degree is critical to the student’s success as a future actuary.
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Old 12-09-2014, 12:51 PM   #15
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Originally Posted by JensenDrake2 View Post
Students strong in mathematics and economics should consider an actuarial science degree, and because the field is so technical and complex, earning the degree is critical to the student’s success as a future actuary.
the critical thing is passing all the external exams, and getting relevant internship experience. i know some ppl from nus biz, chem and stats who are actuary now.
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Old 08-18-2015, 09:03 PM   #16
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Default Questions about NBS Actuarial Science Specialisation

I'm a NSF who has secured a place in Nanyang Business School, and I'll be matriculating in 2017.

Being Mathematically inclined, I'm considering a specialisation in Actuarial Science. I have some questions about this specialisation:

• Which parts of the H2 Mathematics Syallabus does it help to revise on prior to starting the course?
• What must I do exceptionally well in 1st year to stand a chance for this course?
• Any recommended readings to prepare to have a glimpse of the content of this course?
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Old 09-23-2015, 05:13 PM   #17
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Quote:
Originally Posted by raymondzhang View Post
I'm a NSF who has secured a place in Nanyang Business School, and I'll be matriculating in 2017.

Being Mathematically inclined, I'm considering a specialisation in Actuarial Science. I have some questions about this specialisation:

• Which parts of the H2 Mathematics Syallabus does it help to revise on prior to starting the course?
• What must I do exceptionally well in 1st year to stand a chance for this course?
• Any recommended readings to prepare to have a glimpse of the content of this course?
It'll definitely help to be proficient in your calculus, basic integration and differentiation you should know by the back of your hand. and jc stats (if you're from jc)

I think someone has already said what subject to do well for to get into (or to determine if you are suitable) into actuary. accountancy, financial management, econs and stats

you can visit http://www.actuaries.org.uk/research...-exams-reading to see the textbooks that are recommended for further reading, or you can do some research on the job prospects in singapore.

But other than answering your 3 questions, my advice is, being an actuary in singapore is extremely hard work, the courses in NTU are not easy and to secure exemptions you have to study really hard, I wouldnt say you need to become a closet mugger but too many non-acad activities would hurt your chances

It'll be a big bonus if you can brush up your computer skills, especially excel, not just micro formulas, take this time in your NS to learn VBA at least, most actuaries need to be proficient in excel coding

That's all for now, do decide properly, you have 3 years to decide, so, just chill first
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Old 02-12-2016, 11:18 AM   #18
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Quote:
Originally Posted by raymondzhang View Post
I'm a NSF who has secured a place in Nanyang Business School, and I'll be matriculating in 2017.

Being Mathematically inclined, I'm considering a specialisation in Actuarial Science. I have some questions about this specialisation:

• Which parts of the H2 Mathematics Syallabus does it help to revise on prior to starting the course?
• What must I do exceptionally well in 1st year to stand a chance for this course?
• Any recommended readings to prepare to have a glimpse of the content of this course?
I graduated a while ago, so the syllabus may have changed for your batch, but here are my suggestions.

1) NBS has standard modules for Year 1 for all Business and Accountancy courses. As others have mentioned, you can prep by making sure you do well for those year 1 courses that lead to exemptions or help you to enter actuarial science. I believe it was Stats, Accounting, FM, Econs. Stats is the most important, you cannot join if you get below a certain grade (B+?) I think. Competitiveness for the major varies each year, it's possible that you can join no matter what grades you have, or that you have to fight with others with good grades.

2) Bonus points if you do well for the other Year 1 modules: you have a strong chance of obtaining the UK exchange in CASS Business School now which apparently allows you to obtain exemptions during exchange (unfortunately wasn't available for my batch)

3) Unless you're very sure you want to study actuarial science, I suggest to keep your options open. This is a course with high attrition rate. Many drop out from the major due to the difficulty of the content, and many that graduate are unable to find or choose not to find an actuarial job. As Kenneth mentioned, you're gonna be a closet mugger for your uni life, so decide carefully!

4) If you want to take a look at the content of actuarial papers, you can view past exam papers on www.actuaries.org.uk which is basically what you will learn in NTU. Study notes are not available for free for UK actuarial exams, but some free content is available online for the US actuarial exams if you're interested, just google for it.

P.S. the new 4 year Masters course with Carnegie Mellon exchange sounds awesome, I wish I had that course during my uni days..
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