Advice needed in chosing a career in the field of Acturial Sciences
My name is Abbas Tejani and I am currently studying at The Lyceum School.
I got 10 A in O’Levels (St.Patricks High School). I am currently in my first year of A levels. Subjects that I have are: Economics, Accounts, Accelerated Maths, Psychology and General English(mandatory). I plan to give further maths privately next year.
Choosing a career is the most important step. Ive deecided to go into the field of Acturial Sciences.
My queries include:
1) Is it a good choice?
2) What scope does it have in pakistan and abroad?
3) Which universities provide acturial sciences programmes in pakistan and abroad(prefebly canada or uk)
4) How much financial aid is available( especially in canada)
5) What courses would i have to take?
6) How much time does it take to become a full fledge acturier?
Related posts:
Abbas,
As far as a career in Acturial Sciences is concerned, it has been continuously rated in the top five careers in the US. So you can’t go wrong with it, but from what I’ve heard it’s a lot of hard work and you must have really good quantitative skills to pull it off. And from that perspective, your alevels subjects (Accounting, Math and Further Maths) should prove to be helpful to prepare you for your CAS exams in the future.
Here’s a list of schools that offer Actuarial Education:
http://www.actuary.com/actuarial-science-schools/
http://www.soa.org/education/resources/actuarial-programs/actuarial-college-listings/actuarial-college-listings-academic-relations-details.aspx
I currently do not know what schools offer Actuarial Sciences program in Pakistan, so somebody else will have to pitch in with that information.
It usually takes anywhere from 6-10 years to pass all the exams (about four years for associateship & 7-8 year for the fellowship) But you can usually start working as an actuarial assistant as soon as you pass a couple of exams. Thats one of the good things about this career that you can earn decent money while studying for your exams.
As far as financial aid is concerned, it varies from school to school and you’ll have to contact the schools you’re interested in to find out more.
Good Luck
Abbas,
Here’s a link to the blog of Jawwad Farid a Fellow Society of Actuaries (Chicago). He has his own Actuary firm called Alchemya in Karachi and has some uselful insight about Actuarial firms in Pakistan.
http://www.alchemya.com/blog/2006/08/actuarial-firms-in-pakistan.html
Pakistan Society of Actuaries … http://www.psoa.org.pk/
Here’s what I found regarding A Level grades for a Actuarial schools in UK:
‘At least two A levels/three H grades, and three GCSEs/S grades (A-C/1-3) including English. One of the A levels should be maths at grade A or B, while one other A level must be at least at grade C’
Source
Hope that helps.
so the information u guys sent was great help. Thanks. But a few more questiions…
Mr. Arfeen, of the minimum requirements for Uk u mentioned, i have accopmplised the GCE requirements and hope to do the same at A level. What bothers me is that the requirement is too low. If this field is rated as high as Ms Aziz says, then why is da requirment so low???
I have been doing sum resaerch of my own and this is what i found out at State LIfe(Karachi):
State Life’s Actuarial Training Scheme State Life has a program for recruiting freshly qualified intermediate (pre-engineering) and A-level candidates as ‘Actuarial Trainees’. Based upon its requirements and vacancies available, State Life invites applications by advertising in all the leading daily news papers of the country. The criteria and procedure for selection is mentioned in the advertisement, which is strictly followed.
Based upon the progress of the actuarial students, they are promoted to higher grades. The Society of Actuaries USA and Institute of Actuaries, UK, both conduct examinations in Pakistan through their representatives. For examinations of both the professional bodies, the student has to put in personal efforts to pass the examinations through self-study.
Process of registration for the examinations of both the professional bodies is simple and every student has to register on his own. Admission to the UK Institute as a Student member is not automatic and the candidate needs to apply for the membership of the institute. Both these bodies offer discounts to the students of developing countries. You may write to these bodies in order to obtain discounts.
Questions:
1) Does that mean that i register with them immediately after A levels?
2) A self study approach. So there wld b no helping hand?
3) Which to choose: UK or US??
4) Do i join them as an employee??
Thnx u all people for givin dis much response and helping us.
Well my all questions are just as that of Mr.Abbas will u please help me out. I also want to do Actuarial Sciences.I hav done my matriculation.And Inshallah i ll goin to hav 90% marks in matric. But now i am goin to do A levels.And i am planin to hav Maths, Accounts, Bussiness, Economics. So please help me out to decide my subjects which subjects are suitable.And i also want to do Actuarial sciences from Canada.So if u get to know abt the expenses in Canada for doing Actuarial Sciences pls let me knw.And i want to know about the scope of Actuarial Sciences in Pakistan.
Hey all.
I am very interested in a career in Actuarial Sciences.
I have just finished my AS in Math, Economics, Business and Accounting.
I also have 9 As in O Levels.
My questions are the same as those above.
– Furthermore I would also like to know the minimum requiremnts to gain admission in USA, Canada and UK as well as
– A list of the top universities for actuarial studies in each of these countries.
– Which country would be best for study?
– How long does actuarial sciences take in each of these countries
– What other options may I look into that are similar to actuarial sciences?
– How can I merge a career in Business Administration/Management and Actuarial Sciences?
[...] Advice needed in chosing a career in the field of Acturial Sciences [...]
[...] Advice needed in chosing a career in the field of Acturial Sciences [...]
i am a student of 12(intermmediate) i want to do acturial science in CANADA on scholar ship but its too expensive.Secondly i want to know do state life send students abroad?
Hi, I really need great help. Could someone please guide me that for a career in acturial sciences, what are the minimum O’Level grades i need and what subjects do I need to appear for in A’Levels? Moreover, I also want to know that after doing my A’Levels, what do I have to do in order to procede with my chosen option? I am currently going to start my A’S and in serious need of complete guidance so pleeeease somone help me!!
salam..
i have recently finished my o levels.I didnt appear for accounts or economics, instead i had opted for science subjects.. i also appeared for pure maths.
now i have gained interest towards actuarial sciences, so i wanna know what subjects do I need to appear for in A Levels?
furthermore i want someone to recommend a good a levels school in karachi.