Career advice

OsamaAhmed · 09-02-2009, 06:00 PM

Assalam o ali kum

Guys I am currently presuming my AS levels in Maths, Physics and Chemistry (the pre engineering group).

My two career focuses are on Petroleum engineering and Actuarial Sciences.

As this is an accountancy forum I would like to know is there someone who could really help me please?

I know I will get replies like search the forum this has been discussed before so guys I have already searched the forum and read posts and topics but like it didn't contain stuff which I desired.

I had a talk with the information person at Karachi University and he said that the university is NOT affiliated with any international university but is well known by the society of Actuaries Pakistan.

I have read on this forum about the two streams (UK & USA) offering more alike syllabi but different module choices.

The KU is offering 48 courses over a span of 4 years for the degree of BS in Economics I guess. They will prepare the exams themselves.

I don't think so that it will be well recognized around the world.

So guys what do you think? If I get good grades should I apply for abroad or should I first opt for KU, get the graduation and then presume further studies abroad?

I heard that the internation course is 8 years long with pay along with work like Charted accountants. (read this on this forum)

And this that some actuary hiring company hires you and supports you for giving exams and all.

One must be good in programming languages like Visual Basic and Databases as well. I have a lot of links and a lot to discuss but I think I will end my first post here to begin a discussion and save the rest for later xD

OsamaAhmed · 09-02-2009, 06:03 PM

PS. I am hoping to get good views from sumaaan & Odyssee as I have seen them reply gracefully before too.

derivativetrader · 09-02-2009, 09:24 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by OsamaAhmed
 Assalam o ali kum

Guys I am currently presuming my AS levels in Maths, Physics and Chemistry (the pre engineering group).

My two career focuses are on Petroleum engineering and Actuarial Sciences.

As this is an accountancy forum I would like to know is there someone who could really help me please?

I know I will get replies like search the forum this has been discussed before so guys I have already searched the forum and read posts and topics but like it didn't contain stuff which I desired.

I had a talk with the information person at Karachi University and he said that the university is NOT affiliated with any international university but is well known by the society of Actuaries Pakistan.

I have read on this forum about the two streams (UK & USA) offering more alike syllabi but different module choices.

The KU is offering 48 courses over a span of 4 years for the degree of BS in Economics I guess. They will prepare the exams themselves.

I don't think so that it will be well recognized around the world.

So guys what do you think? If I get good grades should I apply for abroad or should I first opt for KU, get the graduation and then presume further studies abroad?

I heard that the internation course is 8 years long with pay along with work like Charted accountants. (read this on this forum)

And this that some actuary hiring company hires you and supports you for giving exams and all.

One must be good in programming languages like Visual Basic and Databases as well. I have a lot of links and a lot to discuss but I think I will end my first post here to begin a discussion and save the rest for later xD
<hr height="1" noshade id="quote"></blockquote id="quote">

Osama

Unfortunately, I am not able to give advice about a career as petroleum engineer but can answer your questions about the actuarial profession.

The reputation of the university would be important for your first job but once you are qualified actuary it wouldn't matter much. If you intend to commence your career in Pakistan (noting that the majority of the actuarial market players are based in Karachi), you could either approach these potential employers directly if they could take you directly after A Levels or they would like you to pursue a degree. You could do degree from KU if the course allows you to prepare for the actuarial professional exams. I'm sorry I am not familiar with the KU programmes.

An A grade at Maths A Level would help you registering with the actuarial professional bodies (who also set the exams), i.e. Institute of Actuaries (UK) and Society of Actuaries (USA).

If your intentions are to go abroad, you could work with a local player for a few years and once approaching qualification you could get a job in Middle East or UK or USA (based on your skills and area of specialism).

IT skills are important but depends on the area of specialism. For instance, general insurance tends to be very quantitative and IT intensive.

Hope it helps but please ask if you have any further questions.

DT

OsamaAhmed · 09-02-2009, 10:21 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by derivativetrader
 <blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by OsamaAhmed
 Assalam o ali kum

Guys I am currently presuming my AS levels in Maths, Physics and Chemistry (the pre engineering group).

My two career focuses are on Petroleum engineering and Actuarial Sciences.

As this is an accountancy forum I would like to know is there someone who could really help me please?

I know I will get replies like search the forum this has been discussed before so guys I have already searched the forum and read posts and topics but like it didn't contain stuff which I desired.

I had a talk with the information person at Karachi University and he said that the university is NOT affiliated with any international university but is well known by the society of Actuaries Pakistan.

I have read on this forum about the two streams (UK & USA) offering more alike syllabi but different module choices.

The KU is offering 48 courses over a span of 4 years for the degree of BS in Economics I guess. They will prepare the exams themselves.

I don't think so that it will be well recognized around the world.

So guys what do you think? If I get good grades should I apply for abroad or should I first opt for KU, get the graduation and then presume further studies abroad?

I heard that the internation course is 8 years long with pay along with work like Charted accountants. (read this on this forum)

And this that some actuary hiring company hires you and supports you for giving exams and all.

One must be good in programming languages like Visual Basic and Databases as well. I have a lot of links and a lot to discuss but I think I will end my first post here to begin a discussion and save the rest for later xD
<hr height="1" noshade id="quote"></blockquote id="quote">

Osama

Unfortunately, I am not able to give advice about a career as petroleum engineer but can answer your questions about the actuarial profession.

The reputation of the university would be important for your first job but once you are qualified actuary it wouldn't matter much. If you intend to commence your career in Pakistan (noting that the majority of the actuarial market players are based in Karachi), you could either approach these potential employers directly if they could take you directly after A Levels or they would like you to pursue a degree. You could do degree from KU if the course allows you to prepare for the actuarial professional exams. I'm sorry I am not familiar with the KU programmes.

An A grade at Maths A Level would help you registering with the actuarial professional bodies (who also set the exams), i.e. Institute of Actuaries (UK) and Society of Actuaries (USA).

If your intentions are to go abroad, you could work with a local player for a few years and once approaching qualification you could get a job in Middle East or UK or USA (based on your skills and area of specialism).

IT skills are important but depends on the area of specialism. For instance, general insurance tends to be very quantitative and IT intensive.

Hope it helps but please ask if you have any further questions.

DT
<hr height="1" noshade id="quote"></blockquote id="quote">

Thanks a lot for replying. Actually going abroad after A levels is pretty difficult for me as I am the one and only child of my parents so its too difficult they allow me to go alone.

Secondly I had a plan that first I attend the 48 courses at KU for a duration of 4 years and then go abroad and become a FSA by passing examinations of the Institute of Actuaries (UK).

Now the problem is I don't know are these courses and the degree by KU acceptable worldwide or I am just wasting my time? I also don't know about the reputation of KU in the Actuarial department as I think its been only a decade since this department was established.

But After graduating I would like to work abroad.

Can you list all the sectors of Actuarial Sciences?

I can name a few like

Real Estate
Pensions
Banking & Finance
Asset management
Risk management
Insurance

I still am confused as there's no fixed procedure. I hope so that having a discussion here could solve it.

OsamaAhmed · 09-03-2009, 06:46 PM

bump ... is it allowed here?

OsamaAhmed · 09-04-2009, 04:01 AM

well people have disappeared or what? )-

ausmanpk2001 · 09-06-2009, 04:46 AM

I am not much aware with the actuary profession as I belong to audit profession, however I recommend that you contact the actuary employees here & ask them at what stage do they hire students. In my opinion you should start an international actuary qualification instead of KU Degree & you'll eventually get hired by an actuary firm once you have passed reasonable number of papers.

OsamaAhmed · 09-07-2009, 05:43 AM

Yeah I had the same impression that KU's degree reputation is not very good abroad. But I am the only son of my parents, will they allow me to go? No, I don't think so.

derivativetrader · 09-08-2009, 03:02 AM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by OsamaAhmed
 <blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by derivativetrader
 <blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by OsamaAhmed
 Assalam o ali kum

Guys I am currently presuming my AS levels in Maths, Physics and Chemistry (the pre engineering group).

My two career focuses are on Petroleum engineering and Actuarial Sciences.

As this is an accountancy forum I would like to know is there someone who could really help me please?

I know I will get replies like search the forum this has been discussed before so guys I have already searched the forum and read posts and topics but like it didn't contain stuff which I desired.

I had a talk with the information person at Karachi University and he said that the university is NOT affiliated with any international university but is well known by the society of Actuaries Pakistan.

I have read on this forum about the two streams (UK & USA) offering more alike syllabi but different module choices.

The KU is offering 48 courses over a span of 4 years for the degree of BS in Economics I guess. They will prepare the exams themselves.

I don't think so that it will be well recognized around the world.

So guys what do you think? If I get good grades should I apply for abroad or should I first opt for KU, get the graduation and then presume further studies abroad?

I heard that the internation course is 8 years long with pay along with work like Charted accountants. (read this on this forum)

And this that some actuary hiring company hires you and supports you for giving exams and all.

One must be good in programming languages like Visual Basic and Databases as well. I have a lot of links and a lot to discuss but I think I will end my first post here to begin a discussion and save the rest for later xD
<hr height="1" noshade id="quote"></blockquote id="quote">

Osama

Unfortunately, I am not able to give advice about a career as petroleum engineer but can answer your questions about the actuarial profession.

The reputation of the university would be important for your first job but once you are qualified actuary it wouldn't matter much. If you intend to commence your career in Pakistan (noting that the majority of the actuarial market players are based in Karachi), you could either approach these potential employers directly if they could take you directly after A Levels or they would like you to pursue a degree. You could do degree from KU if the course allows you to prepare for the actuarial professional exams. I'm sorry I am not familiar with the KU programmes.

An A grade at Maths A Level would help you registering with the actuarial professional bodies (who also set the exams), i.e. Institute of Actuaries (UK) and Society of Actuaries (USA).

If your intentions are to go abroad, you could work with a local player for a few years and once approaching qualification you could get a job in Middle East or UK or USA (based on your skills and area of specialism).

IT skills are important but depends on the area of specialism. For instance, general insurance tends to be very quantitative and IT intensive.

Hope it helps but please ask if you have any further questions.

DT
<hr height="1" noshade id="quote"></blockquote id="quote">

Thanks a lot for replying. Actually going abroad after A levels is pretty difficult for me as I am the one and only child of my parents so its too difficult they allow me to go alone.

Secondly I had a plan that first I attend the 48 courses at KU for a duration of 4 years and then go abroad and become a FSA by passing examinations of the Institute of Actuaries (UK).

Now the problem is I don't know are these courses and the degree by KU acceptable worldwide or I am just wasting my time? I also don't know about the reputation of KU in the Actuarial department as I think its been only a decade since this department was established.

But After graduating I would like to work abroad.

Can you list all the sectors of Actuarial Sciences?

I can name a few like

Real Estate
Pensions
Banking & Finance
Asset management
Risk management
Insurance

I still am confused as there's no fixed procedure. I hope so that having a discussion here could solve it.
<hr height="1" noshade id="quote"></blockquote id="quote">

Please could you share your thoughts on why would you like to work abroad after graduation? I think you may struggle to get job abroad based on your degree from Pakistan. Not all the actuarial employers sponsor for work permit applications. You may have to do MSc from foreign country where you wish to get the job first. You could get admission in MSc based on your education from, say, KU but you would have to score very high to be able to get place at MSc actuarial science programme. You may or may not get scholarship either.

I think your plan A should be to get job based on your A Level scores at a local actuarial employer (this is based on the assumption that you donât want to go abroad for graduation, you have limited financial resources and you wish to go abroad eventually). I think if you manage to get job at a local firm and once you have few years experience under your belt and few exams as well then your transition to foreign country would be a lot smoother.

The main areas for actuarial profession are life insurance, general insurance, pensions and investment.

OsamaAhmed · 09-08-2009, 11:33 PM

ahan for the working abroad the reasons are better lifestyle, better pay rates, better environment and most important of all no getting RIPed by fellow people.

Yeah I get what you're trying to say. First of all I have to score well in A levels. I will appear in some international standardized tests for admissions and then apply everywhere including KU and leave the rest to my luck and the Will of Allah.

OsamaAhmed · 09-09-2009, 03:51 AM

<blockquote id="quote">quote<hr height="1" noshade id="quote">I think if you manage to get job at a local firm<hr height="1" noshade id="quote"></blockquote id="quote">

for example?

OsamaAhmed · 09-16-2009, 10:38 AM

anyone here? *echo*

Mujahid · 09-16-2009, 11:45 PM

@^
O tum osama ho. ja k bomb chalao. accountancy mein kia rakha hai. [D]

Ali RAZA · 09-17-2009, 02:30 AM

o tum mujahid ho. ja kar jihad karo accountany mein kia rakha hai

Mujahid · 09-17-2009, 05:54 AM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Ali RAZA
 o tum mujahid ho. ja kar jihad karo accountany mein kia rakha hai
<hr height="1" noshade id="quote"></blockquote id="quote">

Pata hai jab mein ye line likh raha tha to mujhe yaqeen tha k koi na koi ye line zaroor bole ga. To janab mera naam mujahid nahee shahbaz hai. Is liye aap apni ki cheating bekaar gai. [D]