03-31-2005, 01:20 AM
To get the best idea for eligibility you need to check individual university's prospectus. If I were your employer and I get to see a resume who had done BE followed by a MSC. Actuarial Science, I would have second thoughts on why should I hire this person over somebody you did Maths or Stats or Act. Sc. BSc. Of course, this person hasn't got enough idea of his future.
So, its better to play safe. If you are inclined towards Actuarial Profession then persue something alot relevant to the profession. If you can't do BS in Actuarial Science, try doing Maths, Stats or might be Econmomics. Although, I would prefer Maths or Stats.
Also, MS Actuarial Science is equivalent to BS Actuarial Science (in terms of syllabus and number of exemptions you could get). So, even you would say you have done masters, people in Actuarial community would regard it as a BS.
The only exception is when you do something called Actuarial Management or something on those lines (not many universities offer them that I must warn you). These degrees allows you to get later exemptions but the requirement for them is a BS Actuarial Science or MS Actuarial Science.
Personally, I wouldn't recommend MS Actuarial Management either. because not many employers would happy yo take you on. I know you would think the other way around. But the matter of fact is later Actuarial Exams are more related to day to day real life problems and just having exemptions you wouldn't have developed enough working knowledge to pass them.
Also, most bodies have minimum work experience requirements so even if you have cleared all exams you will still not qualify as an actuary and your salary wouldn't have any impact as well.
I hope I haven't confused you much here!!
DT
So, its better to play safe. If you are inclined towards Actuarial Profession then persue something alot relevant to the profession. If you can't do BS in Actuarial Science, try doing Maths, Stats or might be Econmomics. Although, I would prefer Maths or Stats.
Also, MS Actuarial Science is equivalent to BS Actuarial Science (in terms of syllabus and number of exemptions you could get). So, even you would say you have done masters, people in Actuarial community would regard it as a BS.
The only exception is when you do something called Actuarial Management or something on those lines (not many universities offer them that I must warn you). These degrees allows you to get later exemptions but the requirement for them is a BS Actuarial Science or MS Actuarial Science.
Personally, I wouldn't recommend MS Actuarial Management either. because not many employers would happy yo take you on. I know you would think the other way around. But the matter of fact is later Actuarial Exams are more related to day to day real life problems and just having exemptions you wouldn't have developed enough working knowledge to pass them.
Also, most bodies have minimum work experience requirements so even if you have cleared all exams you will still not qualify as an actuary and your salary wouldn't have any impact as well.
I hope I haven't confused you much here!!
DT
