Actuarial + Engineering (1 Viewer)

[sida1049]

Yes they will in the future but as to when im not 100% sure. it will be soon tho so within next 3 years maybe.

Do you have a source for this?

 

[BenHowe]

Yeah I have a close family friend that lectures at Usyd. They were chatting to one of their superiors (one of the heads of school) and telling them how I'm doing actuarial. They told me to transfer ASAP when it opens soon. That's the source I have for it but everyone knows usyd are making one. Just ask one of the senior people in the business school @ usyd or other unis that offer actuarial.

 

[BenHowe]

Oh pikachu one more thing I forgot to mention, some double degrees are 4 years and some are 5, it just depends whether or not you do an honours year in your non-actuarial degree. This can be benefitial if you wanna do further study but if you want to become qualified asap then it can be not so good.

 

[pikachu975]

Yeah I have a close family friend that lectures at Usyd. They were chatting to one of their superiors (one of the heads of school) and telling them how I'm doing actuarial. They told me to transfer ASAP when it opens soon. That's the source I have for it but everyone knows usyd are making one. Just ask one of the senior people in the business school @ usyd or other unis that offer actuarial.

When is it going to open?

Oh pikachu one more thing I forgot to mention, some double degrees are 4 years and some are 5, it just depends whether or not you do an honours year in your non-actuarial degree. This can be benefitial if you wanna do further study but if you want to become qualified asap then it can be not so good.

Thanks. Doesn't honours give you part II exemptions?

 

[BenHowe]

1. in the short term future
2. No you only need one year to do the part 2 exams. A four year degree is all that is required, but if you do a 5 year with honours and do a great job in it you can go straight to a PhD but that would be soo much time at uni/study, plus youd still have to do part 3 and prof course. But ultimately do what you wanna do. Uni's are businesses so they can try to keep you there as long as poss to make da money

 

[strawberrye]

To be a certified actuary you need to go through several stages, including in stage 1-exams over a 3 year period, of which each exam is $600 dollars (you can self-study and take it before university but you must be damn smart and dedicated to achieve these results, otherwise you will need to take them after you finish your university degree), or if you are ultra capable, during. There is also stage 2 and stage 3 exams-over the next few years after that you must ALL pass before you are a fellow of the actuarial institute (i.e. an ACTUAL actuary and not just an actuarial analyst). Needless to say, both actuary and engineering are technical degrees, and any combination will make the degree quite long. Unless you have a reason for choosing these two specifically, actuary is not for the faint hearted and fewer can endure a double degree combination with actuary studies and not drop out sometime during their university degree cause it will get very hard very fast.

 

[pikachu975]

To be a certified actuary you need to go through several stages, including in stage 1-exams over a 3 year period, of which each exam is $600 dollars (you can self-study and take it before university but you must be damn smart and dedicated to achieve these results, otherwise you will need to take them after you finish your university degree), or if you are ultra capable, during. There is also stage 2 and stage 3 exams-over the next few years after that you must ALL pass before you are a fellow of the actuarial institute (i.e. an ACTUAL actuary and not just an actuarial analyst). Needless to say, both actuary and engineering are technical degrees, and any combination will make the degree quite long. Unless you have a reason for choosing these two specifically, actuary is not for the faint hearted and fewer can endure a double degree combination with actuary studies and not drop out sometime during their university degree cause it will get very hard very fast.

Thanks this makes sense. Are exemptions like just a few exams or what else does it imply? Not sure what exemptions are.

 

[BenHowe]

Strawb they changed the exemptions to 50 each as far as I know. Also Pikachu to become a fellow, a fully qualified actuary, you need to complete part 1,part 2, part 3 and a professionalism course.

Part 1 consists of eight core technical subjects. If you meet the requirements in your degree then you are exempt from doing the exams through the institute and hence just pay the exemption fee for each one. Which is still gonna be $400... Here's a link to all fees https://www.actuaries.asn.au/studying-with-the-institute/exemptions, https://www.actuaries.asn.au/studying-with-the-institute/fees

Part 2 consists of the actuarial control cycle and investment and asset modelling. You can't do these until youve got all your part 1 exemptions.

This next bit is where it ramps up. Having completed all your uni requirements + institute requirements youre are bright-eyed and fkn smart actuarial grad, yet you still need to land a graduate job. This is because to complete your professionalism course you need 2 years of industry experience (3 if you want to become an associate). The actual exams for part 3 are you specialist subjects. https://www.actuaries.asn.au/studying-with-the-institute/part-iii. Note the final exam for this is the most intense one i've heard of. 8 hour exam FML.

Then finally after all of that there is the professionalism course and do that and youre a fiaa!

 

[BenHowe]

How do I upload the images of the program guides? the file sizes are too big

 

[Mathew587]

How do I upload the images of the program guides? the file sizes are too big

add to a google drive and share

 

[BenHowe]

aah gotcha

Also usyd are offering actuarial studies next year as in taking enrolments 2019. Just found out tonight

 

[pikachu975]

aah gotcha

Also usyd are offering actuarial studies next year as in taking enrolments 2019. Just found out tonight

Had me excited at "next year" then I saw your edit

 

[BenHowe]

rip

tbh youd be better off going to a uni where its already established

 

[BenHowe]

Btw here's the link to the program guides https://drive.google.com/drive/u/0/my-drive

 

[Jaxxnuts]

Btw here's the link to the program guides https://drive.google.com/drive/u/0/my-drive

are you sure you shared it because I cant see it for some reason?

 

[BenHowe]

ok mb try this https://drive.google.com/drive/folders/0BzPQ7iyky7kUZVhPd2d4VjU0Nkk?usp=sharing

 

[Mathew587]

ok mb try this https://drive.google.com/drive/folders/0BzPQ7iyky7kUZVhPd2d4VjU0Nkk?usp=sharing

link works btw