Yeah, I suppose so if you make get co-op as you will definitely get an actuarial job. Otherwise, you should consider that atm there is an oversupply of actuarial grads.
Yeah, the 4th yr subjects go pretty deep, but for some you don't need to have a very strong maths background, as usually Discrete is good enough.
eg. number theory, combinatorics, geometry, graph theory
Analysis is probably the most useful of all courses.
For computing, I guess it would be wise to do courses in:
- numerical analysis
- analysis of algorithms. eg probability, graph theory
- algebra
- statistics - data mining
etc
MATH3821 - statistical computing
MATH3841 - has some time series
UNSW doesn't offer a postgrad time series course anymore, so you probably would have to do it at USyd through some cross-institutional study program thingy. Ask Maths about the details. (Time series can be learnt elsewhere too...
Do you do Maths at UNSW? If so, I would highly recommend studying the following:
- analysis and measure theory
- stochastic processes
- numerical analysis. eg for PDEs
- optimisation
- statistical computing
- time series
Stats is useful for all disciplines. The non-physics kind of applied stuff, such as optimisation theory and numerical analysis, are also useful for finance. I suggest doing a bit of both.
Caution: PDE theory is quite hard.
MATH3121 would be useful to understand the PDE approach to solving the Black-Scholes equation. However, most of the current finance theory takes a more probabilistic approach so it would be more useful to do MATH3901 Stochastic Processes.
MATH3311...
The changes are listed here: http://www.actuaries.org.uk/files/pdf/students/changes/2007/ct8_2007.pdf
Yes, I'm aware of that. I'm tossing up between the uni subject or the external exam for CT8.
Back to my question....Will these changes come into effect next year at the university level?
It seems that the CT8 syllabus has been revised to include more material on credit risk modelling (See bottom of pg 6 of http://www.actuaries.org.uk/files/pdf/students/syllabus/2006_CT8.pdf)
As there are more active Actuarial students from Mac here, I would like to confirm that any changes...