NTU business degree + actuarial science

[Jackchew]

NTU reply you ady? What is your first choice, by the way? I am still very afraid of the streaming..

[RL2438]

Hi,

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

http://www.nbs.ntu.edu.sg/undergrad/...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/..._Streaming.asp

Hope these information helps.=)

[elee]

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]

Thanks.

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

Afraid-_-

[bugbugbug]

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]

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]

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/..._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]

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]

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]

Originally Posted by sonic

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?