Actuarial Studies - Is it Worth It? (1 Viewer)

[toknblackguy]

pffft
i've been reading a lot of the hype going around
and it appears that doing actuarial studies (+economics) nmay not be worth the hard work!
i'm not too sure about starting pay , but it seems job prospects are pretty darn crappy

thoughts?

 

[jm1234567890]

The job propects are endless in China.

In Australia, their arn't that many places. Then again, there aren't that many graduates.

The pay is good.

 

[Constip8edSkunk]

opportunity in australia is stagnant but pay is good, wage rises pretty fast once u start workin

opportunity overseas is much better and pay is prolly also better

eg. in china there are only 20 something qualified actuaries apparently

 

[redslert]

Originally posted by Constip8edSkunk
eg. in china there are only 20 something qualified actuaries apparently

LOL i wouldn't blame people if they have an actuarial degree and decide not to go to china...i mean you can work anywhere in the world, why would you choose china

also with four universities pumping out actuaries every year in australia, there are only around 1000 active working actuaries in australia

 

[jm1234567890]

Originally posted by redslert
LOL i wouldn't blame people if they have an actuarial degree and decide not to go to china...i mean you can work anywhere in the world, why would you choose china

Also, you can't get an acturial degree in china.

 

[toknblackguy]

does anoyne have any statistics?
or projected stats regarding numbesr emplyed and average pay etc

 

[jm1234567890]

Originally posted by toknblackguy
does anoyne have any statistics?
or projected stats regarding numbesr emplyed and average pay etc

that is useless anyway, since afer a 4 year degree everything would have changed.

That is what I asked carreer's advisor and that is what he said.

 

[-=«MÄLÅÇhïtÊ»=-]

Originally posted by toknblackguy
pffft
i've been reading a lot of the hype going around
and it appears that doing actuarial studies (+economics) nmay not be worth the hard work!
i'm not too sure about starting pay , but it seems job prospects are pretty darn crappy

thoughts?

yes they're all true ><"

Originally posted by jm1234567890
The job propects are endless in China.

no not really. it'd b fantasy come true if it was, but unfortunately the insurance industry in china is still young and the role of an actuary is still somewhat vague to them. with that being said, maybe in another 10yrs, things will be different.

Originally posted by redslert
LOL i wouldn't blame people if they have an actuarial degree and decide not to go to china...i mean you can work anywhere in the world, why would you choose china

get paid in 6 digit $US dollars and buy everything at chinese prices. omg omg omg

 

[xiao1985]

don't underestimate the potential of china tho... tis THE fastest growing nation in the world... with the rapid growth, many aspects need to be updated... actuarial is definitely one of them...

however, i think actuarial is alot stricted in terms of opportunity... you either do actuarial or accountant, the scope is fairly limited...

 

[flowin']

yeah, actuarial pay is crap.. wot would i do with 80,000 after a couple of year? could get more robbing the local bank!

 

[saves.the.day]

Originally posted by toknblackguy
does anoyne have any statistics?
or projected stats regarding numbesr emplyed and average pay etc

Take a look here:
http://jobsearch.gov.au/joboutlook/default.aspx?PageId=AlphaSearch
It's a page set up by the Australian government to give people an idea of what occupation pays what. If you read the breakdown on actuary, the weekly earnings for 20-24 year olds is $815/week before tax.

 

[toknblackguy]

Originally posted by saves.the.day
the weekly earnings for 20-24 year olds is $815/week before tax.

dang!
ppl were leading me to believe that once we graduate, that is IF we graduate, we hit the jackpot!

 

[flyin']

Real actuaries in general, shouldn't even start their first job until 22. By the time, they have real qualifications they're 24..

Should just transfer to accounting.. ah wait.. they get even less. What now?

 

[saves.the.day]

Originally posted by toknblackguy
dang!
ppl were leading me to believe that once we graduate, that is IF we graduate, we hit the jackpot!

Thats what I also was led to believe. There's alot of hype around the occupation and I was surprised when I read that statistic. However, you must remember that there would definatley be alot of space to climb in that big corporate ladder and that the statistics gathered are taken for the age bracket 20-24.

 

[toknblackguy]

yep
apparently the rate of growth of salary is very high
allowing us to easily reach 6 figure salaries in a couple of years

 

[redslert]

lol actuarial money wise is so overrated, i thought people would have figured that out by now

 

[Constip8edSkunk]

lol most things are...

its all part of the HSC hype...

 

[Xayma]

Originally posted by redslert
lol actuarial money wise is so overrated, i thought people would have figured that out by now

Quiet you, it keeps people out of engineering so the UAI doesnt rise as much.

 

[flyin']

That Ronaldo gif is too good!!

 

[DangSta]

My big brother finished actuarial studies/applied finance. He completed the course at Mac and he's gonna graduate at the end of dis yr. He's in france at the moment studying european business. I'm so proud of him! lol. Hopefully he can find a job in europe one day or something in China should be alright.... nething is good!