05-10-2004, 06:28 AM
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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
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