Actuarial science is also a business major, which is widely used in insurance, fund industry, securities investment industry, banks and relevant government departments. Actuaries are senior professionals. According to the statistics of Australian Actuaries Association, the starting salary of professionals who have just obtained the title of actuary (FIAA) in Australia is around 90,000 Australian dollars, and the annual salary increase is at least 65,438+110,000 Australian dollars. Senior and experienced actuaries can earn up to A $200,000 a year. There are only more than 65,438+0,000 professionals with the title of actuary in Australia, which shows that the actuarial industry has great room for development, on the other hand, it also implies that it is very difficult to become an actuary. Actuaries have bright employment prospects. In addition to the above fields, it can also play a role in environmental protection, genetics, information technology, e-commerce, telecommunications and other industries.
It usually takes five to seven years to become a qualified actuary, including three to four years of college study. Candidates need to have excellent math skills and bachelor degree or above. Communication skills and professional skills are also important. Candidates should complete three courses and exams, have more than one year's actuarial work experience, and participate in vocational training courses for actuaries. The three-part course includes: the first part of actuarial basis, the second part of actuarial control cycle, and the third part of specialization.
The first part of the research can be completed in the university. At present, the Australian Association of Actuaries only recognizes the relevant courses of five universities, namely:
Bachelor of Applied Studies, Australian National University;
Bachelor of commerce; University of Melbourne;
Bachelor of Commerce from Macquarie University-Practical Research;
Bachelor of Commerce, University of New South Wales
Bachelor of Science-Practical Science Course of Keting University of Technology.
The entrance requirements of actuarial major are much higher than those of other business majors, especially the mathematical ability and achievements of applicants.
The second part of the study was also completed in an accredited university. Taking national universities as an example, it takes three years to complete the bachelor's degree in actuarial science, and the first part of study is exempted after completion; After another year of honor, you will be exempted from the second part of the study.
After completing the first two parts of the study (and only in college), you will become a member of AIAA Actuaries Association. The third part of the study is organized by the Association of Actuaries. Members will complete any two of the following five courses and pass the exam: finance, life insurance, general insurance, pension and investment management.
More than one year's actuarial work experience is calculated according to the work done after passing the second part of the exam and becoming a member of the association.
The actuary vocational training course is organized by the actuary association, and members can participate in the 2-day intensive course without taking the test.
After the above steps are completed, you can apply for the title of actuary and become a member of the hot professional elite.
Summarize the steps to become an actuary:
The title after the route is completed
The first part of the Association of Actuaries is a student member with a bachelor's degree in actuary *
(One of 4 universities)
The second part is AIAA, a member of the Association of Actuaries, and an honorary bachelor's degree in actuary.
Part III Any two of the five professional courses in Part III are not applicable.
Work experience 1 year or above recognized work experience is not applicable.
practical experience
FIAA actuary vocational course two-day intensive lecture course
Specialized courses
* You can become a student member at the beginning of the degree course.
Therefore, if you have a good mathematical talent and want to work in the business field in the future, actuarial major is undoubtedly a good choice.