01-04-2004, 10:08 PM
Xtrovert, I appreciate that my information found helpful to you. Regarding the question that how would you actually qualify as an Actuary with UK/USA standards, as Sumaaan also said, that you could appear for the either examinations from the Pakistan. I think State Life Corporation, in Pakistan, does support its trainees for attaining the standards, but I have also came to know that such support is very nominal, and to increase the chances of success, the trainees do occasionally need outside private tuition. Having said that, I would stress that you confirm the above statements, as I have also heard them and therefore, cannot assure you for their legitimacy.
I am sorry that I did not get your question quite right, as to whether you was asking for how can you qualify as an Actuary or whether how could you train to be one, from Pakistan.
I assume that how wanted to know how to qualify as an Actuary,
Itâs quite simple, arguably (my argument would be valid for the UK and not to sure about US & Pakistan)
You can enter the profession after your intermediate, graduation in any quantitative discipline or indeed after graduating with actuarial science bachelors.
If you enter with actuarial science degree, depending upon the recognition of institution to the Institute / Society, you could get exemptions from the 60% of the examinations, again dependable to the academic performance, on roughly speaking, you would need to get about 65% or more. But trust me, to get 65% is itself quite remarkable achievement.
One of the pre-requisites for the profession is your analytical, numerical and detail-oriented mind ability.
So, after your graduation with actuarial science degree, you start working for either actuarial consultancy or company. Again, depending upon the nature of the business of your selected company, you could go ahead and qualify as Insurance, Pension, Investment or
So, again depending upon your abilities and/or credentials, you could qualify in about 4-6 years. However, if you donât get any exemptions, then it may take you about 7-9 years.
And on final note, however, it is not a requirement to be graduate to enter the profession, certainly true for Institute of Actuaries, but keeping in view the competition out there in the markets, I would strongly advice you to consider doing graduation at least.
You DONOT need to be master degree holder for the UK, I think unquestionably untrue for Pakistan, because sometimes if you do masters, here in the UK, it has virtually the similar importance as of the bachelors. Also, the opportunity cost factor is also quite material. In addition, if you do masters in Actuarial Science, that WOULD NOT get you any exemption at all, however, a diploma from the CITY UNIVERSITY LONDON, may help you qualify up to 80%.
AHSAN
I am sorry that I did not get your question quite right, as to whether you was asking for how can you qualify as an Actuary or whether how could you train to be one, from Pakistan.
I assume that how wanted to know how to qualify as an Actuary,
Itâs quite simple, arguably (my argument would be valid for the UK and not to sure about US & Pakistan)
You can enter the profession after your intermediate, graduation in any quantitative discipline or indeed after graduating with actuarial science bachelors.
If you enter with actuarial science degree, depending upon the recognition of institution to the Institute / Society, you could get exemptions from the 60% of the examinations, again dependable to the academic performance, on roughly speaking, you would need to get about 65% or more. But trust me, to get 65% is itself quite remarkable achievement.
One of the pre-requisites for the profession is your analytical, numerical and detail-oriented mind ability.
So, after your graduation with actuarial science degree, you start working for either actuarial consultancy or company. Again, depending upon the nature of the business of your selected company, you could go ahead and qualify as Insurance, Pension, Investment or
So, again depending upon your abilities and/or credentials, you could qualify in about 4-6 years. However, if you donât get any exemptions, then it may take you about 7-9 years.
And on final note, however, it is not a requirement to be graduate to enter the profession, certainly true for Institute of Actuaries, but keeping in view the competition out there in the markets, I would strongly advice you to consider doing graduation at least.
You DONOT need to be master degree holder for the UK, I think unquestionably untrue for Pakistan, because sometimes if you do masters, here in the UK, it has virtually the similar importance as of the bachelors. Also, the opportunity cost factor is also quite material. In addition, if you do masters in Actuarial Science, that WOULD NOT get you any exemption at all, however, a diploma from the CITY UNIVERSITY LONDON, may help you qualify up to 80%.
AHSAN
