Student Explains Actuarial Exam Structure

[@kyarajadewiriadinata8603]

Thank you for this! I've been searching for this

[@sarvadnyapatil1625]

Hey...I am interested in doing practicing acturial...r there scope for it?

[@santyjoseph3158]

I am a retired senior citizen. May I have a try

[@TravisWulff]

This was really informative and enjoyable. Thank you!

[@brandonspiegel2293]

Thanks for the helpful information! I really appreciate it!

[@yaulun8988]

Hi,may I know whats the meaning of associate actuaries

[@MJtheFellowActuary]

An associate has passed the technical exams but hasn't passed the specialist exams

[@denz310]

I am not done with school. However, I had my associate. I was told you have to be finish with your bachelor before you even start the exams. Is that true, and if not, where can I get started to take the 1st 11 exams. At least the 1st 8 ones

[@madhujaiswal7908]

Can you make more video about it ... I want to study actuary after my +2 what should I do???

[@mjvena8777]

How many years will I be left with to complete fellowships if I have CAA qualification

[@WiseyB]

Did you do the 8 core technical during your 2nd year?

[@paulakiaraluna1969]

Will I be held accounted if I don't pass an exam? If I pass it the second time or the third time I take it, will companies know I failed at my first attempt and will it reduce my chances of getting a job? Please answer if you know. Thank you!!

[@MJtheFellowActuary]

I don't think it matters how many attempts you take to pass an exam. most companies won't hold it against you if you only pass on your 3rd attempt. but I'm not 100% sure of this.

[@paulakiaraluna1969]

+MJ the Student Actuary Thank you! please comment again if you find more information about this! :)))) Thank you!

[@MJtheFellowActuary]

+paulakiara luna I did some more research. The only downside for failing is that you get less study leave for that subject from work.

[@meghakedia5589]

hey, i wil be completing my graduation this year in march , want to opt actuary is it too late . i have good base of mathematics

[@MJtheFellowActuary]

megha kedia opt in for actuarial science. you will enjoy it!

[@masilanepholosho6406]

hello MJ it is real that to be an actuary it is very,very tough?

[@masilanepholosho6406]

hello MJ it is real that to be an actuary it is very,very tough?

[@CFMARAIS88]

MJ the Student Actuary you cannot say something like that... Seriously, I'm a senior actuary and I will never ever tell someone to do actuarial science only because they like maths. Career advice is not to be given lightly. So here is the truth: Megha, first find out what branch of actuarial science you find most interesting, do research on this and pick one - once you know the route you are interested in, find an actuary who is specialized in this field and speak to him/her. It is crucial to do this, with all my work experience, I rarely have to do "real math" I haven't calculated a single integral for the past 3 years. So no, being good at math does not equate to liking actuarial science as a career. Be very careful when making this decision, it will last for 40-45 years. And yes, studying actuarial science is really tough, so it is not to be taken lightly and to suggest something like "you will enjoy it" is absurd.

[@Selena97Gomezfan]

Do u recommend me taking further math in alevel? I heard that its difficult and just afraid i might not do well.

[@MJtheFellowActuary]

Amelia Ann Yeah the more maths you can do, the better. Maths is good for your mind. It will also help with some of the actuarial courses later.

[@xogwamphumezi1927]

hi I 'm economic student level two I want to do actuarial science advise mj

[@MJtheFellowActuary]

Join the local actuarial society and start doing the exams... what country are you from?

[@anamolshrestha6314]

I am currently doing undergraduate in Mathematics. How many exams does a student have to normally complete before graduation?

[@MJtheFellowActuary]

***** You can graduate with a degree in Maths. You can then write the Actuarial Exams while working or get some exemptions by doing a post grad course.

[@sharonrizvi5310]

How many years does it take finish all these?

[@MJtheFellowActuary]

I'm in my 7th year and am almost done now :-)

[@kayd5544]

MJ, how many exams did you sit in each season? I look to do my first set of exams in April 2018 and I'm not sure how many (as well as which particular exams) I should sit. Thanks.

[@thembalethuthesacred8520]

hi I'm from South Africa and I'm currently doing a triple Major in Maths,Applied Maths and Statistics ..I want to be an Actuary(fellowship) ,please tell me whats gonna happen after my BSc degree...Am I suppose to start from the bottom?(like doing 1st year courses for actuarial sciences?) since I never Did any economics and accounting in my entire life.

[@MJtheFellowActuary]

+Thembalethu The Curse If you want to become an Actuary, I would recommend taking some of the actuarial subjects at university like Economics 1, Accounting 1, Financial Maths, Life Contingencies, etc. You only need 2 years of maths. The statistics will help. But yeah you can get some exemptions from the actuarial exams if you do them as subjects in university and get high enough marks. Otherwise you will have to write each one individually when you get out of varsity. What university are you at?

[@pralhadghimire1713]

please tell me, I have just done my bachelors in business administration from Nepal and I want to do an acturial science. Do I need GMAT or any other tests for this? and could you please list out all the requirements that I need for acturial? I visited the related sites and they mentioned that 2 credits of calculus classes and others classes had to be completed in bachelors level. Is that so? otherwise I can't apply for acturial. thank you

[@MJtheFellowActuary]

which actuarial society are you applying for? most will require a mathematical background.

[@pralhadghimire1713]

+MJ the Student Actuary : I am not from the mathematics background but I am from business management. It means I don't get to do acturies, is it so? I don't know much more about it. Are acturies of many types? if you have no problem, could you please tell me more about it? thank you

[@fickleoperation]

If you can pass exams, you can be an actuary. As long as you're willing to study and apply yourself, you can do it. I'd suggest taking the financial exams first, since you'll have less to learn (only basic calculus in addition to finance), but you'll need to teach yourself the equivalent of about 2 years calculus and whatever each exam's syllabus contains to get through them all.

[@Selena97Gomezfan]

* I don't know whether to pick further math or physics or economics as 4th subj for my alevel. Can u help? *

[@NirajC72]

Amelia Ann pick from fmaths or physics, economics isn't all that you can learn that later on

[@Selena97Gomezfan]

Hey I'm taking biology , chemistry , math. And i do not know whether to pick further math or physics or economics. Can u help?

[@MJtheFellowActuary]

+Amelia Ann I would recommend Statistics if it is an option. Otherwise physics is always great, I wish I had done it at University level.

[@yasinkhan4620]

@@MJtheFellowActuary why is that so when actuaries don't use phsycis at all?

[@believer1465]

hey mj bro i am doing majors in statistics can it help me in taking acturial exams ..as I've heard it is more of probability and statistics rather than pure mathematics...

[@VSS031]

How's your journey going?

[@Selena97Gomezfan]

May I know what are the possible careers for degree in actuarial science ?

[@MJtheFellowActuary]

Amelia Ann There are the traditional actuarial roles such as working for an insurance company or managing pensions. You could also work for a bank or an investment company. You could also work for the government and assist with demographic and population studies. You can work in any scientific field as you will know how to build models and analyse data. You can become a Chief Risk Officer for any organisation as you will understand uncertainty better than other professions. With Actuarial Science, you can do anything.

[@Selena97Gomezfan]

Is physics necessary for actuarial science for alevel?

[@MJtheFellowActuary]

Amelia Ann No its not necessary but it will be very beneficial to have done physics.

[@jasonjackop8361]

Why would physics be necessary?

[@khumomaimela]

Jason 711 Physicists are smart technical thinkers my lecturer who taught introduction to Actuarial Science used to be a Physics teacher... I know right crazy hey

[@Sillythoughtforyou]

what's salary?

[@bijumanianghattu2327]

THANK YOU, MY DAUGHTER IS STUDYING THIS PROGRAM ,YOUR PROGRAMME REALLY HELPING HER TO FOCUS,KEEP MOVING.GOD BLESSYOU.

[@harlockpolar2905]

when i checked there were 9 ct tests

[@MJtheFellowActuary]

+Slash _WFU yes they have added CT9 but it's just a multiple choice test so not really an exam like the others.

[@harlockpolar2905]

MJ the Student Actuary ok, thank you for replying

[@leo_KN]

how long does it take to finish all these exams?

[@MJtheFellowActuary]

depends how smart you are. I've been doing them for 6 years now. have 2 more to go.

[@TheYash324]

+MJ the Student Actuary 6 Years including university or after graduating? I'm currently doing Math, Further Math, Bio and Chem at A Levels. I have not done economics, will that be a disadvantage?

[@MJtheFellowActuary]

TheYash324 I've done 4 years at university and am now in my 3rd year of working. So 7 years in total. Na economics is easy enough to pick up at university. There are also lots of resources for that subject so you won't struggle with it too much