can anyone tell m bout actuarial sciences

can anyone tell m bout actuarial sciences - Printable Version

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- maryafazal - 10-02-2003

hi... i m new to this forum..My name is Marya Fazal ..Im doing my intermedite (pre eng) from St.Joseph's Govt. college 4 women..I want to do actury. Can u plz. send me the the students acturial handbook..waiting 4 ur reply...thanx alot
my yahoo id is
maryafazal@yahoo.com

- sumaaan - 10-04-2003

I'm sorry from the bottom of my heart for the late reply. I'm not in Karachi anymore and for some reason this website wasnt opening from my residential broadband.

I currently have the 2002/03 actuarial student handbook. If you all can wait for november (thats when the 2003/04 version of the handbook will be available), I will email you all with the new 2003/04 actuarial student handbook which lists the name of colleges that offer actuarial sciences all over the world.

However, if anyone of you need the older version, please leave one more msg on the forum.

- Bulia - 05-09-2004

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hi gang,

i wanna know bout acturial sciences....its scope in europe n in pakistan...how is it in comparison to ICAEW or ICAP????

regards,

sirhandi

Edited by - sirhandi on Jul 04 2003 123736 AM
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- Bulia - 05-09-2004

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Dear Sirhandi,
There is no comparison of an actury with chartered accountant, since both are different, in pakistan its scope is too much bright, as the acturies are few in pakistan, if i m not wrong 18 to 20, no one is getting less than 100,000 - 125,000

S M R
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- crazymath - 05-10-2004

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Actuarial Sciences has been rated in the top five jobs in USA in the previous 5 years i guess... Till last year there were only 17 actuaries in Pakistan...

To be an actuary, you can opt for the UK stream, or the USA stream... The syllabus of both the streams are more or less same, slightly different, but dividing into modules in a different way... The UK stream has short modules totalling 15... whereas the USA stream has 9 long modules...

It usually takes abt 6-8 years to become an actuary... An actuary also has to get on-job training during the course of the study just like the C.A/ACCA articles...

And about the salary they get... The earn a lot more than CA's (with the exception of those who have firms)... Their salaries during the course of their training shoots up to Rs.35,000/month here in Pakistan in no time...

State life offers actuarial sciences' training... Students have to take their own pvt. tuitions for studies...

Also, its not necessary that you complete the whole actuary, you can also only complete 3/4th of it, and get a proper job easily...

There are courses like BSc.in Actuarial Sciences too... But I'm unaware of the scope and course structure of such a degree... Karachi university has recently started BSc. in Actuarial Sciences, I'm sure they can be of assistance... In UK, LSE (London School of Economics)offers BSc. in Actuarial Sciences (3 year course).

I hope that'll help you.

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Hi...

its true about all that has been said about actuaries.
i would like to correct and add a bit of information.

there are 19 actuaries in Pakistan.

as sumaaan said "Also, its not necessary that you complete the whole actuary, you can also only complete 3/4th of it, and get a proper job easily...", i totally dont agree with you as it from a faulty preception.

there are two levels of qualification; the associateship level and the fellowship level. in order to be an actuary u are supposed to complete atleast the associateship level...

its true that actuaries earn a lot of money even at their training level, but training is not a proper job, therefore to be on a proper job one is supposed to be qualified.

one thing more i would like to add, a personal experience, as i come from this field, and that is never go after the money, its the hard work that you put in that gives u the money! and that may be any field. whats the use of such a wealth for which u dont even have time to spend. after office hours one has to study, or still work over times at office or traveling abroad (or domesticaly), you never have time even for your self.

if i can be of any help to any one of you, please let me know. i would be glad to help you out in any way possible.

thanks

Ameer Zaid
crazymath@beaconet.net

AZKS

- derivativetrader - 05-10-2004

Crazymath,

Where did you get the statistics about number of qulaified actuaries in Pakistan from?

Beside State Life, which is the biggest actuarial consultancy in Pakistan? Their website/email addresses would be of more help.

Do you have the career breakdown statistics about the remuneration for Actuaries in Pakistan?

Thanks.
DT

- sumaaan - 05-11-2004

Thanks for correcting me about that qualified actuaries figure... I might have had a bit old information considering that my friend's brother just recently qualified as an Actuary as well...

By saying that after completing 3/4th of the whole Actuary course, one can find a reasonably good job... I meant that usually people don't manage to become an Actuary, yet they find suitable jobs... Certainly one's aim should be to become an Actuary rather than go for money (which obviously one would get after qualifying)..

Because I've seen some people drop out of Actuarial Sciences after completing nearly three quarters of it, and then going for MBA or CFA and landing on some very good jobs... That might also be because they previously had good experience with some insurance firms.

- derivativetrader - 05-11-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>

my friend's brother just recently qualified as an Actuary as well...

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Sumaaan,
Would you be able to let me know his email address, so that I could ask him some professional / business questions. I can understand that you/he may not like to disclose his personal information on this public forum, so I would appreciate if you could email me his email address at a.abdullah1@lse.ac.uk

Your this favour would be really helpful. Thanks.
DT

- sumaaan - 05-12-2004

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<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>

my friend's brother just recently qualified as an Actuary as well...

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Sumaaan,
Would you be able to let me know his email address, so that I could ask him some professional / business questions. I can understand that you/he may not like to disclose his personal information on this public forum, so I would appreciate if you could email me his email address at a.abdullah1@lse.ac.uk

Your this favour would be really helpful. Thanks.
DT

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Sure thing... Give me a day or two.

- derivativetrader - 05-12-2004

[/quote]

Sure thing... Give me a day or two.

[/quote]

Thanks, and take your time.<img src=icon_smile.gif border=0 align=middle>

DT

- mans00r - 05-13-2004

Hiya,
h r u's
I saw this website accidently n saw some queries about Actuarial Science
I m doin BSc(HONS) Actuarial Science from Edinburgh,UK
I was wondering if I could be of any help ???????????????????
you can email me at mans00r@msn.com
cheers............ ; )

- derivativetrader - 05-13-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
Hiya,
h r u's
I saw this website accidently n saw some queries about Actuarial Science
I m doin BSc(HONS) Actuarial Science from Edinburgh,UK
I was wondering if I could be of any help ???????????????????
you can email me at mans00r@msn.com
cheers............ ; )
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

Mansoor,
It's good to hear that you are also studying for bachelors in Actuarial Science in the UK. I am at the LSE studying the same course. Which year are you in and how is it going so far?

Thanks.
DT

Edited by - derivativetrader on May 12 2004 101209 PM

- mans00r - 05-13-2004

hello DT
datz cool, I m in 2nd yr
thngs r ok bt findin it quite tuff
managin things so far !!!!
wt bout u? don BSc ? which yr ?