BrightSparks Forum

Go Back   BrightSparks Singapore Scholarship & Higher Education Forum > Career Issues > Career Issues > Business, Accountancy & Finance
Click Here if you forgot your password.

Reply
 
Thread Tools Display Modes
Old 01-19-2008, 11:06 AM   #1
ivanneo
Junior Member
 
Join Date: Jan 2008
Location: Sin Ming
Posts: 6
ivanneo has a neutral reputation
Default What do you think of studying Acturial Studies?

Hi,

I would like to ask those professionals out there whet do your think about studying actuarial studies? Do you think that this is an upcoming course in singapore?
__________________
Regards,

Ivan
ivanneo is offline   Reply With Quote
Old 01-21-2008, 10:40 AM   #2
dershing
BrightSparks Expert
 
Join Date: Nov 2007
Posts: 138
dershing has a neutral reputation
Default

Not sure if the course will be offered soon Singapore though we always hear about. It depends on the strength of the insurance/risk management industry in singapore and region. But from what i know it is a growing field.

also, for the sick of other readers here.

An Actuary is someone who uses statistical and mathematical means to assess finance and other types of risk relating to some possible event. The idea is to help insurance companies value that risk.

Usually you will end up working for a bank, insurance firm, stock exchange, regulatory body etc

You need to be a problem solver, math inclined, good business sense, strong with statistics, practical and good lateral thinker.
dershing is offline   Reply With Quote
Old 01-22-2008, 01:42 PM   #3
ivanneo
Junior Member
 
Join Date: Jan 2008
Location: Sin Ming
Posts: 6
ivanneo has a neutral reputation
Default

I know that NUS is tying up with ANU to offer a degree in actuarial studies. I was thinking even if i did the degree in acturial studies, i still do not fulfil all the professional certifications criteria to be an actuary. So I'm thinking of the time spent on studying compared to taking a finance course and comig out to work earlier.
__________________
Regards,

Ivan
ivanneo is offline   Reply With Quote
Old 01-25-2008, 10:31 AM   #4
Sparks
Junior Member
 
Join Date: Nov 2007
Posts: 26
Sparks has a neutral reputation
Default

IMO, I think the Actuarial field is still in its growth phase and has not yet matured in both research and academic. It is therefore not necessary to plunge into Actuarial Studies unless you are very sure that you will be sticking to this field for the long-term. To me, such studies do lead to a professional degree(aka narrowly-focused). If you are intending to consider this field as one of your potential career, it might be better to stick to traditional courses such as statistics or business.
Sparks is offline   Reply With Quote
Old 01-26-2008, 01:20 PM   #5
ivanneo
Junior Member
 
Join Date: Jan 2008
Location: Sin Ming
Posts: 6
ivanneo has a neutral reputation
Default

So you are saying to stick to the bachelor of commerce.
__________________
Regards,

Ivan
ivanneo is offline   Reply With Quote
Old 01-28-2008, 09:45 AM   #6
Sparks
Junior Member
 
Join Date: Nov 2007
Posts: 26
Sparks has a neutral reputation
Default

Ivan,

It will be advisable to take up a Commerce course, with Actuarial Studies as one of its specialist options, if available. One course that offers such an option is NTU Business. It offers Actuarial Science as one of its specialisations. Refer to http://www.nbs.ntu.edu.sg/student/Un...share/BBus.asp

Last edited by Sparks; 01-28-2008 at 09:52 AM.
Sparks is offline   Reply With Quote
Old 01-29-2008, 01:02 AM   #7
ivanneo
Junior Member
 
Join Date: Jan 2008
Location: Sin Ming
Posts: 6
ivanneo has a neutral reputation
Default

Ya. But I will be furthering my studies in Australia. their commerce programs doesnt have acturial studies. That's why I am thinking whether I should change to do Acturial studies or continue with Commerce major in finance and accounting. Cant make up my mind.
__________________
Regards,

Ivan
ivanneo is offline   Reply With Quote
Old 01-29-2008, 09:32 AM   #8
Sparks
Junior Member
 
Join Date: Nov 2007
Posts: 26
Sparks has a neutral reputation
Default

Ivan,

In that case, would advise you to re-consider a bit. If possible, take a few relevant actuarial-based subjects. However, it may not be necessary for one to obtain an Actuary degree just for the sake of entering the field. Commerce, in my opinion, is a wiser option as it allows you to enter many fields, including Actuary. Hence, follow your heart and choose the path u find most suitable.
Sparks is offline   Reply With Quote
Old 01-30-2008, 12:17 AM   #9
ivanneo
Junior Member
 
Join Date: Jan 2008
Location: Sin Ming
Posts: 6
ivanneo has a neutral reputation
Default

ya.. really thanks a million for the advice. I think i will go for commerce. Why becoz firstly its like what you've said and the other is that I want my cert to look good instead of taking those intensive modules and yet i dun do well which makes my cert looks bad. I pray i did make the right choice. Pray for me.
__________________
Regards,

Ivan
ivanneo is offline   Reply With Quote
Old 01-30-2008, 09:49 AM   #10
Sparks
Junior Member
 
Join Date: Nov 2007
Posts: 26
Sparks has a neutral reputation
Default

All the best Ivan !
Sparks is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +8. The time now is 07:24 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.