actuarial exemptions (2 Viewers)

[MuSaRuRWa]

Never mind. I checked. You are right. Linear Models is the exemption subject.

thank u
not that i do stats or linear models ...

 

[aditya]

im in yr 12, and i was readin that UAC book... it made macquarie sound ALOT better....

from my intepretation, it basically said You get exempt (or exemptions, cant remember) and if you're doing a "double" degree ( applied finance, economics, computer, law) or wateva, then u get part 2 exempt as well!!!

how mad is that?

or does it end up being the same?

 

[Mill]

You can get Part 1 and 2 exemptions from UNSW if you so desire.

 

[flyin']

Don't you have to do honours at UNSW to get Part II, and honours have specific requirements?

 

[MuSaRuRWa]

to get part II at unsw, u either do honours or a double degree. its the same as macq. u dont get part II in macq with a single degree either.

 

[flyin']

Actually, you can do a single degree and Part II at Macq.

 

[aditya]

no u cant :| - unless u mean honours

but at mac u double major with applied finance... that is relevant... at UNSW they dunt consider that a double degree... so yeh, its shitter....

 

[Affinity]

by the way can you get exempted as you go? (is that likely)

 

[aditya]

:s the exams are to further ur qualifications arent they :S so if u dunt have the qualifications how can u further them?? right? :S

 

[MuSaRuRWa]

:s the exams are to further ur qualifications arent they :S so if u dunt have the qualifications how can u further them?? right? :S

they arent to 'further' ur qualifications. without ur exemptions, u cant practice as an actuary and its very unlikely for u to get a job as an actuary ...

 

[unmentionable]

i have a very noob question to ask
so to be exempt from Part II at UNSW i must do a double degree?
does it have to be something specific like science majoring in maths or statistics or something? .... hmmm probably does

also if i get co-op then ill be exempt without double right?

 

[redslert]

i have a very noob question to ask
so to be exempt from Part II at UNSW i must do a double degree?
does it have to be something specific like science majoring in maths or statistics or something? .... hmmm probably does

also if i get co-op then ill be exempt without double right?

no at unsw the only way to get Part II is by doing honours in actuarial studies AFTER you complete the degree and get invited by the uni to do so
take note that there are less than half a dozen honours students each year

in co-op it is the same thing.....after the 4years co-op program, you can take up honours to get Part II which equals 5years

 

[maniacguy]

no at unsw the only way to get Part II is by doing honours in actuarial studies AFTER you complete the degree and get invited by the uni to do so take note that there are less than half a dozen honours students each year

in co-op it is the same thing.....after the 4years co-op program, you can take up honours to get Part II which equals 5years

Actually, to complete the subjects in the control cycle (aka Part II), you only have to do the courses ACTL4001 and ACTL4002, with permission from the Head of Department (Mike Sherris). He'll take into account your results in other subjects and any work experience you have, etc. when deciding whether to let you do them or not.

Doing honours is one way to enrol in those subjects, but by no means the only way. And you'd apply to do honours rather than being invited, generally, though there would be strong hints if you've done well that maybe you might want to think about it, if that counts as an invitation!

You can do those courses in any of several ways, including (but probably not limited to):

- as part of an honours year (in this case they are compulsory for you anyway)

- in the fourth year of a combined degree program, assuming you've completed most if not all of the Part I exemption subjects and done reasonably well (or enough to convince Prof. Sherris anyhow)

- in the fourth year of a co-op program (again there are requirements based on completing Part I exemptions, etc. but generally if you're still around as a co-op at this point it's reasonable to guess you meet the criteria!)

In the same fashion you can do the control cycle at Macquarie by doing ACST400 and ACST401...

[I should note that the last time I read the institute requirements, you're also supposed to have 3 months work experience to become an AIAA, though it's usually more important to get the subjects sorted out, since everybody is presumably going to be working at some point! They may have been tweaked a bit since then though]

Checking with either the Department itself or with the Institute is certainly the best way to go about it!
UNSW Actuarial
Institute of Actuaries

 

[kaseita]

Eh, this is out of date.

There have been changes to subject exemptions starting next year.

See here

Main differences are that for the Economics component, only Macro 1, Micro 2 count (no longer Micro 1, Macro 2)

Also the exemptions regarding ACTL2003, 3001, 3003 have changed.
The exemptions are now called CT4 (models) and CT6 (contingencies). ACTL3001 corresponds to CT4, and ACTL3003 corresponds to CT6. ACTL2003 now corresponds to half of CT4 and half of CT6.

So if you don't get credit for ACTL2003, you can make up for it by doing well in the other subjects.

 

[ramanij]

how many yrs will it take to complete the b commerce/ b law? Is it 6 yrs if i want both part 1 and part 11 completed and 7 yrs for all 3 parts?

 

[§eraphim]

how many yrs will it take to complete the b commerce/ b law? Is it 6 yrs if i want both part 1 and part 11 completed and 7 yrs for all 3 parts?

5 yrs (5 x 48uoc = 240uoc) but u only meet 7 of the 9 exemptions. Other exemption subjects and Part 2 subjects must be completed as non-award courses (overload maybe?)

 

[lawforever]

just have a question here. is it possible to study Part 3 (IAAust) while u work overseas?

given the fact that IOA UK and IAAust have the same syllabus, do u officially be recognized as a FIA if you r FIAA?

 

[flyin']

We only share the same Part I syllabus. Our Part II and III are different from theirs. You just do Part III by correspondence, so yes you can do it overseas I think.

Under some IAA agreement with their UK counterparts, if you are an FIAA you'll be recognised as an FIA if you work for some length of time in UK as an actuary. Can't remember how long tho.

 

[lawforever]

We only share the same Part I syllabus. Our Part II and III are different from theirs. You just do Part III by correspondence, so yes you can do it overseas I think.

Under some IAA agreement with their UK counterparts, if you are an FIAA you'll be recognised as an FIA if you work for some length of time in UK as an actuary. Can't remember how long tho.

thanks !

 

[t-i-m-m-y]

More changes to the exemption. I'll post up the details later ('twas on WebCT). I think they ditched the ACCT2542 for ACCT1501 AND ACCT1511.