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Old 05-18-2008, 01:34 AM   #21
lemonade
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Well, I ruled out NTU because I wasn't too keen on studying business.

I opted for statistics at NUS, but thought I would switch to math if the latter is more useful for the professional exams. Seems like I wouldn't need to do so, eh?

Anyway, you've been of so much help. Thanks and all the best for your internship!
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Old 06-05-2008, 10:05 PM   #22
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hi iamme,

how is the job market for actuaries in Singapore like? Are Insurance companies or banks short of them at all?
Did you get your intership via a university? or find one on your own? cos it would be nice to have a taste of the work before i start on that track (i'm still serving ns btw)
Will someone with say an NUS stats degree, with two completed actuarial exams be at a severe disadvantage to one with an NTU business actuarial degree when it comes to an entry level job?

Thanks in advance for your advice (:

Brian
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Old 06-06-2008, 10:35 AM   #23
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Hey Brian,

The job market for experienced and qualified actuaries in Singapore is pretty tight as compared to other professions, as is the case worldwide. So by demand and supply, you know what happens.

However, take note that an entry level actuarial student job in Singapore is not lucrative. Be prepared to earn well-nigh the same as your counterparts in other professions, which is probably less than what engineers get. Since it's not an easy path to take with having to pass all the exams, I've heard of NTU actuarial grads taking up jobs in banking, teaching, or even becoming insurance agents instead.

My internship dropped from the sky. No, I was just kidding. I found it by myself and I'm very proud of that because it wasn't at all easy. I've not yet been to uni either.

I don't think you'll be at a severe disadvantage, as long as you show that you have good university results (2nd upper honours and above preferably), and demonstrate the potential to keep passing your exams after you join the company.

Relevant work experience would definitely augment your chances of getting in, because it illustrates your interest and commitment to this field which in turn also translates to better exam passing rates.

Last edited by iamme; 06-06-2008 at 11:13 AM.
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Old 06-06-2008, 11:28 PM   #24
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Does a 'tight' market mean a competitive one? You mean that demand is high right?

You seem to have done quite a fair bit of research.. especially since you have not been to uni. haha. your last paragraph is rather convincing after the first four.

Do you know why those NTU grads moved into those other fields? the exams or the pay or something else? I don't think i mind the pay as long as I can live without scrimping too much and i get to do more technical calculating and actuarial work, which I hope I'll enjoy.. How have you found your internship so far?
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Old 06-08-2008, 10:33 PM   #25
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Ummm yea competitive for employers, so demand is pretty high.

You're right about the reasons why they would move to other fields. Not getting full exemptions in uni would cause the person to think twice before continuing with their actuarial pursuits. If you're good in marketing and sales you'll definitely earn more with less effort.

Internship's great, but the wide range of companies that an actuary can be part of kinda makes my experience a little narrow.

Last edited by iamme; 06-09-2008 at 09:15 AM.
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Old 08-09-2008, 08:23 PM   #26
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Hi iamme, I will be studying actuarial science in LSE in london. If I get my professional qualification as an actuary there, would I be able to come back Singapore and practise as actuary here as well? Or is there another set of examinations?

And is it okay to elaborate on how you obtained your internship? I am really curious.

Thanks..
________
HAMANN MOTORSPORT

Last edited by ermokay; 02-15-2011 at 03:54 PM.
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Old 08-10-2008, 09:35 AM   #27
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That's a really good place to do actuarial science! But you do know that the accounting module is not recognised for exemption and that you'll have to take CT2 by yourself right?

& yes you'll definitely be able to come back to Singapore to practise as an actuary because your qualification would be internationally recognised. In fact, the UK qualification is one of the most established ones.

Just that there might be differences between the regulatory and legal systems of Singapore and the UK so you'll probably have to pick them up when you return to Singapore.

As for the internship, I'll talk to you about it somewhere else?
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Old 11-21-2008, 11:10 PM   #28
goodidae
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Hi iamme,

I'm interested in actuarial studies. I intend to take one of the exams before I get into UNiversity. But I do not know where to register. Furthermore, may I know how did u manage to get an internship? Thanks a lot!
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Old 02-13-2009, 07:21 AM   #29
spencer
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Quote:
Originally Posted by ivanneo View Post
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?
You should instead study a maths with stats course. It is more highly regarded. Specialist degrees are seen as technical degrees, not academic, and hence not respected.
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Old 01-31-2010, 06:23 PM   #30
Winner90
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Is there any scholarships for actuarial studies? for overseas i mean? thx
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