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EDUCATION NEWS

bachelor in Actuarial Sciences

Francis Mboya

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The level of difficulty in actuarial field depends on 4 factors as follows
1. Your educational background: As the course is mostly into Mathematics & Statistics you should be having some basic math and good statistics skills, if you are a non math person you should work hard in the beginning. It doesn't mean that non math student can't do actuarial science. Also note that an actuary work is completely on high-level softwares and programming languages, so one should be having soft skills like Advanced excel, R/Python programming language, VBA, etc., to crack an actuarial job.
2. Your current status: (either employed or studying any other course)
If you are an employee or a student you should be ready to sacrifice your weekends and free time because you are already occupied in weekdays with some other stuff. Studying only weekends and clearing modules required great determination and dedication. You should be having a better study plan to clear modules this way and should stick to it whatever.
3. The way you choose modules: Of course the institute will not be restricting you on the order of choosing modules but you should follow a particular pattern for ‘smooth sailing’ 
And ultimately
4. Passion: If Actuary is your passion you will never feel it difficult, atleast till the success(you feel). If you are not passionate towards the course then this will be toughest one you had ever seen, so make actuary as your passion.
Check which factor affects you more and proceed accordingly.
Whatever course you choose always “plan the exit before the entry itself” and once you decided be on it till the end.

CAREER OPPORTUNITIES

Many students who pursue a degree in Actuarial Sciences become professional actuaries. Working with private or public-sector employers, actuaries assess financial risks as diverse as natural disaster, insurance premiums and the impact of climate change.
Careers in the actuarial field include:
  • Actuary
  • Risk analyst or consultant
  • Insurance underwriter
In addition to the specialized careers listed above, Actuarial Science students graduate with statistics and financial mathematics expertise that can lead to career opportunities in the following fields:
  • Finance
  • Management
  • Statistician (in any of the diverse fields where statisticians are employed, ranging from marketing to pharmacology to engineering)
  • Education

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