about uni courses

• zodi

  10 Dec 05, 23:18

  Originally posted by S2K4:

  thx..
  
  zodi..
  
  i gonna try 1 or 2 S next year... hope can cope with them

  eh? so is it you or ur friend who interested to get into actuarial science???
  
  paiseh, sleeping time liao, i'm quite blur. haha.
  
  hehe, no matter what, juz try not to worry too much yah? chuan dao qiao tou zi ran zhi.
  
  for now...shldn't u folks be enjoying your holidays???
  
  sigh, i miss them already!
• DummiesInc

  10 Dec 05, 23:19

  Hi S2K4,
  I majored in acturial science in uni, so perhaps I can answer some of your questions.
  First of all, acturial science is essentially put, risk calculation. A degree by itself isn't exactly very useful because it is like accounting, you need professional papers like ACCA etc. For me, I took the SOA www.soa.org papers. Only 1000+ people in the world have taken all 8 papers to date. There is no passing mark for the papers. Only a certain percentage will pass, which means scoring a mark of 99 for any paper wouldn't guarantee you a pass.
  Second, you really have to be interested in statistics and math if you want to take acturial science. Unfortunately, I can't help you with the entry requirements cause I did mine overseas, but just as a rough guage, my school required 4As, 2s + essay + SAT + interview. If you need more info, just let me know.
  
  Regards
  
  ps: just checked with my friend. If you go into NTU NBS, you will only get to choose to major in act sci only in 2nd year, provided your grades are good enough.
• Misogynist

  11 Dec 05, 02:59

  Get into NTU Biz sch(NBS) as we call it..
  
  You get to choose it as a major in year 2 based on ya grades, and last year, to get in i think ya have to get all As for ya modules..
  
  So do well for ya As first and dun get distracted when ya get to Uni..
  
  One of friend who graduated from that Major got a starting pay of 6K..
• DummiesInc

  12 Dec 05, 15:19

  Originally posted by Misogynist:

  Get into NTU Biz sch(NBS) as we call it..
  
  You get to choose it as a major in year 2 based on ya grades, and last year, to get in i think ya have to get all As for ya modules..
  
  So do well for ya As first and dun get distracted when ya get to Uni..
  
  One of friend who graduated from that Major got a starting pay of 6K..

  I don't believe the starting pay is so high, unless you are head hunted in your honours year, like a couple of my friends who went to stand chart, morgan stanley etc with a starting pay in excess of 5k USD. Besides, you do need to take your professional papers.
• de_middle

  12 Dec 05, 16:53

  Originally posted by Sky2D2:

  ya, they use methods to calculate what will happen, if this happen how much they have to pay out and how much premium they want from you should this happen...
  
  In short, they try to be like GOD...

  Every insurance company has an acturial department, they study on RISKS, whether worth forming up such a policy, based on studies, they'll also try to determine the mortality span. Whether premiums collected worthwhile to pay upon death anot.
  
  But not only applies to life insurances, there's marine & fire insurances as well.