Results 1 to 7 of 7

Thread: Actuarial studies vs maths/Eco

  1. #1
    Junior Member
    Join Date
    Jan 2017
    HSC
    N/A
    Gender
    Undisclosed
    Posts
    241
    Rep Power
    2

    Actuarial studies vs maths/Eco

    which one is better and why?

  2. #2
    Member BenHowe's Avatar
    Join Date
    Aug 2015
    HSC
    2016
    Uni Grad
    2020
    Gender
    Male
    Posts
    297
    Rep Power
    3

    Re: Actuarial studies vs maths/Eco

    I wouldnt say that one is necessarily better, it just depends on what you're looking for.

    What interests you in either of these degrees?
    2nd Year Applied Finance/Actuarial Studies @ MQ
    GPA 6.77 WAM 87%
    Part 1's: CT1,CT2, 1/2 CT3,CT7

  3. #3
    Senior Member sida1049's Avatar
    Join Date
    Jun 2013
    HSC
    2015
    Gender
    Male
    Posts
    714
    Rep Power
    4

    Re: Actuarial studies vs maths/Eco

    I study the maths/eco combination. If you're really into maths and economics as areas of study per se, then do the maths and economics combination. If you want to become an actuary, do actuarial studies. The maths and economics combo is much more flexible in terms of career options, but unlike actuarial studies, there isn't a straightforward/obvious career path for you to walk into.

    Bachelor of Science (Advanced Mathematics)/Bachelor of Arts III, USYD

  4. #4
    Junior Member
    Join Date
    Jan 2017
    HSC
    N/A
    Gender
    Undisclosed
    Posts
    241
    Rep Power
    2

    Re: Actuarial studies vs maths/Eco

    Quote Originally Posted by sida1049 View Post
    I study the maths/eco combination. If you're really into maths and economics as areas of study per se, then do the maths and economics combination. If you want to become an actuary, do actuarial studies. The maths and economics combo is much more flexible in terms of career options, but unlike actuarial studies, there isn't a straightforward/obvious career path for you to walk into.
    so if I did maths as a single degree at uni, how broad would my job prospects be?

  5. #5
    Senior Member sida1049's Avatar
    Join Date
    Jun 2013
    HSC
    2015
    Gender
    Male
    Posts
    714
    Rep Power
    4

    Re: Actuarial studies vs maths/Eco

    Quote Originally Posted by donkily View Post
    so if I did maths as a single degree at uni, how broad would my job prospects be?
    That depends on your major. Doing a 3-year advanced mathematics degree means you can have up to two majors. And even your compulsory mathematics major can be pure/applied mathematics (at USYD, we don't distinguish between undergraduate pure/appled maths majors), financial mathematics or mathematical statistics. Your second major can also be one of the above, or something else from science (computer science is a popular second major for maths students).

    Thus your job prospects depend on the majors you choose, which is very broad. Doing pure mathematics of course is probably the least employable of the other core maths majors outside of academia. However, you could argue that employers will see it as a massive IQ test, and give you a shot at that, but most people who do pure maths do it because they enjoy it, not for the employability. Applied maths is better in this aspect; there are good prospects for applied mathematics majors (especially in the finance industry) and you'd really want to consider pairing computer science with this one.

    Financial maths (at USYD at least) is a bit of applied maths with mathematical statistics. It's obviously useful for getting into the finance/trading industry, but you're not limited to that, as statistics is very broad.

    Mathematical statistics is the most employable of the core maths majors for the reason mentioned above; it can be used to getting into most industries, since pretty much every industry requires analysis of data.

    A huge prospect for people with maths degrees is data analysis/science. You can get into it with applied maths or statistics, and computer science really helps with this one.

    I'm not an expert when it comes to understanding job prospects, and I'm sure someone else can answer your question better. Try looking up those keywords in Seek.

    Bachelor of Science (Advanced Mathematics)/Bachelor of Arts III, USYD

  6. #6
    Cadet
    Join Date
    Jul 2017
    HSC
    2019
    Gender
    Male
    Location
    Nowhere
    Posts
    41
    Rep Power
    1

    Re: Actuarial studies vs maths/Eco

    Do math/eco. Actuarial seems hard. Besides, if you decide to be an actuary, u can still do postgrad actuarial.

  7. #7
    Member Jaxxnuts's Avatar
    Join Date
    Jul 2017
    HSC
    N/A
    Gender
    Female
    Posts
    260
    Rep Power
    1

    Re: Actuarial studies vs maths/Eco

    TBH I think maths/eco is better because it can get you more pathways (in terms of careers) otherwise my recommendation is to do adv maths/comp sci

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •