12-13-2003, 05:52 AM
Hi folks!
My name is Ahsan and I am new to this forum. At present I am studying Actuarial Science at the London School of Economics and hold 5 100 Series exams exemptions from the Institute of Actuaries.
I have noticed that there are some very resourceful people who give their insight into the matters very seriously and in pure belief. Therefore, I would highly appreciate if my few of the below queries could be answered,
1. I have researched that there are very few qualified actuaries working in Pakistan, although the supply of graduates is very elastic. Would it due to the rigour of the professional training or fierce competition (I mean very inelastic demand) that to date only 20 actuaries have been qualified?
2. What nature of Actuarial Practice do these people do in Pakistan, keeping in view that there is not much trend of Insurance or Pensions Policies (2 major fields of Practice Actuaries)?
3. I have heard that there is (hopefully) a very bright future of tomorrows Actuaries in Pakistan. Would any body comment on this, making sure that they cover the economical position and the overall position of Pakistan Economy? And how safe this bet would be?
4. Would the member of this forum advice me that whether I should come to Pakistan and take my 200, 300 & 400 Series Exams there, or alternatively, I should be looking into getting a contract with PWC, KPMG etc, here in London? Also, I heard that in Pakistan, trainee Actuaries have to arrange their tuition by themselves. Would you, in this regard, not recommend me staying in the UK, as here there are several opportunities to get a very varied (in focus) education / preparation guidance, and consequently one could get FIA status within 4 years, I am assuming my case as I would get all of the 9 100 Series exemptions from my degree in Actuarial Science?
5. What sort of remuneration packages, firstly a part qualified (having passed 100 Series Exams), and a fully qualified FIA should be expecting in Pakistan?
6. Finally, this question is not specifically regarding the Actuarial Profession as such. What is the scope of Investment Banking (Corporate Finance, Equity and Derivative Trading) in Pakistan?
I would highly appreciate your endeavours in taking time and answering my queries.
Looking forward to a positive reply.
AHSAN ([email protected])
By taking this opportunity I would like to say that I would be more than happy in answering any of your guys questions about the Actuarial Profession and in addition to this, the Investment Banking (careers in Financial Markets) opportunities in the UK, as I am an IMC-Qualified Member of the UK Society of Investment Professionals and has varied experience of these fields, acquired in the internships I had with big Investment Banks and Actuarial Consultancies.
My name is Ahsan and I am new to this forum. At present I am studying Actuarial Science at the London School of Economics and hold 5 100 Series exams exemptions from the Institute of Actuaries.
I have noticed that there are some very resourceful people who give their insight into the matters very seriously and in pure belief. Therefore, I would highly appreciate if my few of the below queries could be answered,
1. I have researched that there are very few qualified actuaries working in Pakistan, although the supply of graduates is very elastic. Would it due to the rigour of the professional training or fierce competition (I mean very inelastic demand) that to date only 20 actuaries have been qualified?
2. What nature of Actuarial Practice do these people do in Pakistan, keeping in view that there is not much trend of Insurance or Pensions Policies (2 major fields of Practice Actuaries)?
3. I have heard that there is (hopefully) a very bright future of tomorrows Actuaries in Pakistan. Would any body comment on this, making sure that they cover the economical position and the overall position of Pakistan Economy? And how safe this bet would be?
4. Would the member of this forum advice me that whether I should come to Pakistan and take my 200, 300 & 400 Series Exams there, or alternatively, I should be looking into getting a contract with PWC, KPMG etc, here in London? Also, I heard that in Pakistan, trainee Actuaries have to arrange their tuition by themselves. Would you, in this regard, not recommend me staying in the UK, as here there are several opportunities to get a very varied (in focus) education / preparation guidance, and consequently one could get FIA status within 4 years, I am assuming my case as I would get all of the 9 100 Series exemptions from my degree in Actuarial Science?
5. What sort of remuneration packages, firstly a part qualified (having passed 100 Series Exams), and a fully qualified FIA should be expecting in Pakistan?
6. Finally, this question is not specifically regarding the Actuarial Profession as such. What is the scope of Investment Banking (Corporate Finance, Equity and Derivative Trading) in Pakistan?
I would highly appreciate your endeavours in taking time and answering my queries.
Looking forward to a positive reply.
AHSAN ([email protected])
By taking this opportunity I would like to say that I would be more than happy in answering any of your guys questions about the Actuarial Profession and in addition to this, the Investment Banking (careers in Financial Markets) opportunities in the UK, as I am an IMC-Qualified Member of the UK Society of Investment Professionals and has varied experience of these fields, acquired in the internships I had with big Investment Banks and Actuarial Consultancies.
