actuarial studies @ melb uni

[scocliffe09]

They do risk assessment for insurance companies and I'm pretty sure finance stuff and a lot of statistics and determining probabilities. They get paid a lot though. Only downfall is it's many years of study

5 years minimum, most take 6-8 years. nothing comapred to specilising in med:P

Doing spesh isn't a prerequisite; however, it is highly recommended.

This year I think specialist maths was a prerequisite (I.e. VCE students in 08 going into commerce at UoM in 09). Students who get >38 will do accelerated maths 1 & 2, which basically teaches calc 2 and linear algebra at a more advanced level and it also goes through real analysis (second year subject). 

Also passing umep maths gain you exemption from accelearated maths 1, UoM suggests you do vector caculus (a second yr subject) to replace it.

nice work Trammo - good to see you've done your research!

[schmalex]

Aren't there enough positions - reckon it'd be hard to find employment?

You're pretty much guaranteed a good job if you pass everything.

[AzureBlue]

hmm, so is actuary a math or commerce subject?

Commerce - it's taught by the department of economics and commerce at Melb. However, we get a lot of financial maths subjects... and there's a lot of mathematics behind the models. We also do Introductory Microeconomics and Macroeconomics, intermediate macroeconomics, a few accounting subjects, contingencies, actuarial statistics, insurance and financial models etc...

[AzureBlue]

Also passing umep maths gain you exemption from accelearated maths 1, UoM suggests you do vector caculus (a second yr subject) to replace it.

True... there aren't enough breadth subjects in the actuarial course... only 1 in each year. I'm going to most likely choose Business Law for first-year and corporate law for second year. Maybe some geometry/number theory/algebra for third year? I dunno. But that means I miss out on all the awesome subjects like witch-hunting, creative writing and african drum and dance! There are too many amazing subjects of interest to choose from.

[Gloamglozer]

Also passing umep maths gain you exemption from accelearated maths 1, UoM suggests you do vector caculus (a second yr subject) to replace it.

True... there aren't enough breadth subjects in the actuarial course... only 1 in each year. I'm going to most likely choose Business Law for first-year and corporate law for second year. Maybe some geometry/number theory/algebra for third year? I dunno.

I thought you weren't allowed to choose maths subjects as your breadth?

[humph]

hmm, so is actuary a math or commerce subject?

Commerce - it's taught by the department of economics and commerce at Melb. However, we get a lot of financial maths subjects... and there's a lot of mathematics behind the models. We also do Introductory Microeconomics and Macroeconomics, intermediate macroeconomics, a few accounting subjects, contingencies, actuarial statistics, insurance and financial models etc...

We?? You're still a couple of years away from it...

[Gloamglozer]

hmm, so is actuary a math or commerce subject?

Commerce - it's taught by the department of economics and commerce at Melb. However, we get a lot of financial maths subjects... and there's a lot of mathematics behind the models. We also do Introductory Microeconomics and Macroeconomics, intermediate macroeconomics, a few accounting subjects, contingencies, actuarial statistics, insurance and financial models etc...

We?? You're still a couple of years away from it...

Yeah, that's what I was thinking.  I think AzureBlue is very passionate about actuarial studies and can imagine himself doing it now.

[darlok]

hmm, so is actuary a math or commerce subject?

Commerce - it's taught by the department of economics and commerce at Melb. However, we get a lot of financial maths subjects... and there's a lot of mathematics behind the models. We also do Introductory Microeconomics and Macroeconomics, intermediate macroeconomics, a few accounting subjects, contingencies, actuarial statistics, insurance and financial models etc...

We?? You're still a couple of years away from it...

Yeah, that's what I was thinking.  I think AzureBlue is very passionate about actuarial studies and can imagine himself doing it now.

Honestly don't see how anyone could be passionate about being an actuary.

[humph]

hmm, so is actuary a math or commerce subject?

Commerce - it's taught by the department of economics and commerce at Melb. However, we get a lot of financial maths subjects... and there's a lot of mathematics behind the models. We also do Introductory Microeconomics and Macroeconomics, intermediate macroeconomics, a few accounting subjects, contingencies, actuarial statistics, insurance and financial models etc...

We?? You're still a couple of years away from it...

Yeah, that's what I was thinking.  I think AzureBlue is very passionate about actuarial studies and can imagine himself doing it now.

Honestly don't see how anyone could be passionate about being an actuary.

+1

[AzureBlue]

Also passing umep maths gain you exemption from accelearated maths 1, UoM suggests you do vector caculus (a second yr subject) to replace it.

True... there aren't enough breadth subjects in the actuarial course... only 1 in each year. I'm going to most likely choose Business Law for first-year and corporate law for second year. Maybe some geometry/number theory/algebra for third year? I dunno.

I thought you weren't allowed to choose maths subjects as your breadth?

Umm, I think two of the breadth have to be non-maths and the other one/two can be maths, according to the subject course planner.

[AzureBlue]

hmm, so is actuary a math or commerce subject?

Commerce - it's taught by the department of economics and commerce at Melb. However, we get a lot of financial maths subjects... and there's a lot of mathematics behind the models. We also do Introductory Microeconomics and Macroeconomics, intermediate macroeconomics, a few accounting subjects, contingencies, actuarial statistics, insurance and financial models etc...

We?? You're still a couple of years away from it...

Yeah, that's what I was thinking.  I think AzureBlue is very passionate about actuarial studies and can imagine himself doing it now.

Honestly don't see how anyone could be passionate about being an actuary.

+1

Lol, yeah, I'm very passionate, can't wait til uni (which is 3 years away lol)

[AzureBlue]

^ Hahaha yeah, good for you. At least you know what you wanna do in future
I don't even know what I want to be next time but recently, my school gave us the Job Guide 2010 and in the area under Mathematics, Accountant and Actuary are actually classified under it. So I'm considering it atm.

Don't worry lol, we've still got quite a while to go til uni unfortunately I'm just interested! The breadth subjects are awesome at UoM And it's good we get some eco subjects in actuarial studies too (well, there's only one actuarial subject in first year, Intro to Actuarial Studies).

[Ilovemathsmeth]

lol maths is awesome =D thats why ppl would want to be actuaries lol.

[AzureBlue]

lol maths is awesome =D thats why ppl would want to be actuaries lol.

Ditto to that!!!!! I reckon I'm almost going to take the same subjects as you first-year first semester: I'm probably doing Vector Calculus, Introductory Microeconomics, Principles of Business Law and Accounting Reports and Analysis. Sounds great Are you taking any breadth next semester or just take the Intro to Actuarial Studies subject? How's business law?

[AzureBlue]

Haha yes, I was considering UoM, but they don't offer double degree. I was thinking of BMus/BSci (Major maths obviously). Can't find any unis that offer it. Weird combo apparently And yes, Maths is awesome

Apparently the Melbourne Model hasn't changed anything in the commerce faculty (but it has changed stuff like med dramatically.) You can just take a Bcomm and then a Bmus, still takes 3+3=6 years.