Actuarial Science

News on 07 April 2016

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A lot of news…
Summer exams for 2016 ; igcse , alevels, IB are here…
Don’t panic! Help is at hand from us…
Go read the amazing offers/discounts from us..1st time ever…

9 special items…
Igcse add maths code 0606/ Cambridge Olevels add maths 4037
Revision workbook with 285 questions and solutions

Alevels CIE AS levels
AS pure maths P1 practise sets with answers
AS Statistics S1 practise sets with answers

Alevels Further Maths code 9231 (summer/winter 2016 exams)
Paper 1 Pure Maths
Paper 2 Mechanics
Paper 2 Statistics 2

Alevels A2 Physics Paper 4 solutions by topics

and not forgetting the IB folks, we are offering for the first time,…

IBHL exam solutions by topics

and for the IB girls and boys, scrambling to learn your options paper 3 of IBHL here goes….
IBHL options Calculus
IBHL options Statistics and Probability

The above 9 items are carefully selected and we slashed our prices or offer discounts as steep as 33% in order to

genuinely give you a pushing hand, some last minute help.
to appease the humongous number of requests for free access to our site…
(please note we do have a lot of bills to pay…you can ask bill gates or some kind soul to donate here.. 🙂
to convince wannabe users of themathscentre.com to come in and learn with us..

Please press on the highlighted links in RED to read all the details of the items that interest you..

Please note those sitting for IBHL exams and Further Maths and Alevels CIE Physics A2 in Oct/Nov 2016/winter 2016).
The offer above is extended to you as well and the subscription/learning period covers up to your exams.

Take advantage folks and by your responses we will come back in the next exam with even more exciting offers..

NEW ,,,,for the undergrads …

ACTUARIAL SCIENCE CORNER
The second item of the day will be of great interest to those of you studying in college or universiity and doing
Actuarial Science
Mathematics
Statistics
any course which needs a quick review of the following;in this new Actuarial Science Corner, we will upload our notes starting with the following;
Discrete Distributions
Continuous Distributions
Generating Functions
Probability
How to do double integration
How to do stochastic calculus
………….
We will only charge a nominal fee for this set of notes, the amount collected will go toward maintaining this corner
where all kinds of maths, statistics and actuarial stuff will be uploaded.
so please be generous and help maintain this corner…

Check out the Actuarial Science Corner HERE

Meanwhile, please study hard and we are always here for you, talk soon…

The 10 Best Jobs Of 2015

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Here’s a very interesting article from Huff Post Business. From the article you can see that Actuary is the best job, Mathematician in 3rd place follow by Statistician in 4th place.

Actuary

If you’re a math whiz, you’re in luck when it comes to job prospects.

Math skills are a requirement for most of the 10 best jobs of 2015, according to the latest report from CareerCast. The site’s annual ranking of the top 200 jobs weighs four factors: work environment, income, stress and hiring outlook.

“There’s a real shortage of qualified people with math skills,” said Tony Lee, publisher of CareerCast.com. “And that’s offset by higher salaries. So not only do you have the opportunity to do what you love, you get paid really well and will likely have a pretty bright hiring prospect.”

Actuaries, who analyze financial risk, locked in the top spot this year, followed closely by audiologists (health care professionals who treat hearing disorders), mathematicians and statisticians. Science and health care jobs are also represented, with dental hygienists and occupational therapists breaking into the top 10.

Read the full article here

Choosing career paths

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Here’s an interesting article on “Choosing career paths” by The Star Online…also featuring our instructor Mr. Menon 🙂

ravee-edufair2015
Not just crunching numbers: (left) Kaplan Global Accountancy senior executive Tanya Worsley and Maths Centre founder and director Raveendran Menon offered their expertise on accountancy and actuarial science.

Industry experts offer visitors to the fair an insight to various professions.

ASIDE from providing numerous tertiary options under one roof, the Star Education Fair 2015 also organised a series of career talks to give students more insight into specific fields of study such as accounting and actuarial science.

Read the full article here : http://www.thestar.com.my/News/Education/2015/01/25/Choosing-career-paths/

News on 24 Jan 2015

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Some exciting news for you out taking the IBHL exams.
Complete IBHL Exam Solutions Paper 1 (2011 to 2013)

We have just uploaded the full exam solutions for all IBHL Exams paper 1 from May 2011 to Nov 2013 online. We decided to arrange all the exam questions and solutions by topics to facilitate your learning process.

Go here to preview our sample exam solutions on Complex Numbers May 2013/TZ2/No 7
Please contact us if you wish to purchase the rest.

We just had a successful exhibition at The Star Education Fair, KLCC this past weekend (17th – 18th January 2015).
We managed to meet some of our past and present students at the fair. For those who missed the fair can check out our photos taken during the fair on our Facebook page here.

Also you can check out the recorded video of our instructor, Mr Menon’s talk on Actuarial Science during the fair on Sunday, Jan 18 here.

Meanwhile, take care, study hard and talk soon.

What is Actuarial Science

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Our instructor Mr Menon’s talk on “What is Actuarial Science?” at The Star Education Fair 2015

ACTUARIAL SCIENCE
Field of study
Apply analytical skills (maths & statistics) and business knowledge to predict & assess risk in the financial services sector. Traditionally: insurance ie Life and General Insurance
Once qualified, the person is called an Actuary.
Generally in the traditional insurance setting, there are 2 types of actuaries:

  1. Life actuaries
  2. General Insurance actuaries
    (in the US; Casualty actuary)

Actuaries are found in various settings in the
Financial services sector

  • Investment actuaries
  • Risk management positions
  • Corporate finance
  • Securities exchanges
  • Central banks

Insurance sector

  • Pricing actuaries
  • Reserving actuaries

HOW TO BECOME AN ACTUARY
Attain fellowship with

  • Society of Actuaries, USA (FSA)
  • Casualty Actuarial Society, USA (FCAS)
  • Institute of Actuaries, UK (FIA)
  • Institute of Actuaries, Australia (FIAA)

FSA/FCAS

  • purely by taking professional exams
  • series of preliminary exams followed by a series of fellowship exams including some coursework via modules. In the case of FSA, one has to choose a track eg Life, Retirement Benefit, Finance etc
  • After SPM and A levels and on to a ADP program
  • Enter ADP (local) and then on to US

FIA/FIAA

  • Partly by attending a university course in UK/Australia and taking professional exams.
  • After SPM, Alevels and then apply to IAA accredited universities in UK/Australia
  • After matriculation program eg VCE,SAM etc, then apply to IAA accredited Australian universities.

My pick of Universities to study Actuarial Science
USA/Canada (not in any preferred order)

  1. Georgia State University
  2. University of Wisconsin, Madison
  3. University of Texas, Austin
  4. University of Michigan, Ann Arbor
  5. University of Nebraska, Lincoln
  6. Temple University
  7. Drake University
  8. University of Illinois, Urbana Champaign
  9. University of Iowa
  10. Penn State University
  11. University of Waterloo
  12. University of Toronto
  13. Concordia university
  14. University of Manitoba
  15. University of Western Ontario

British (not in any preferred order)

  1. LSE
  2. Queens U, Belfast
  3. City University, London
  4. Herriot Watt U
  5. University of Leicester
  6. Kent University
  7. University of Southampton
  8. Warwick University

Australian (not in any preferred order)

  1. ANU
  2. Curtin, University
  3. Macquarie University
  4. Monash University
  5. Melbourne University
  6. University of New South Wales

IMPORTANT WEBSITES – ACTUARIAL SCIENCE

  1. WWW.SOA.ORG
  2. WWW.CASACT.ORG
    Both websites above give information about actuarial science/exams/events.
    They are American based.
  3. www.actuaries.org.uk
    This website gives information about actuarial science/exams/events .It is UK based.
  4. www.actuaries.asn.au
    This Australian website gives information about actuarial science/exams/events.
  5. other useful websites
    * www.beanactuary.org
    * www.actuarialoutpost.com
    (students and actuaries take part in discussions on various issues from exams to careers prospects)

Check out our ACTUARIAL SCIENCE CORNER