Hi all!

What differentiates consulting companies (ie. Big 4 vs Finity vs Taylor Fry)? I understand that Big 4 tends to do more audit, but are there any other differences? Perhaps in terms of reputation, culture, work, salary, etc.

I'm a final year student and am figuring out what I want to do so any insight at all would be much appreciated!

Hey r/ActuaryAustralia

I'm a VCE student with a keen interest in pursuing qualifications in Actuarial Science/Actuarial Studies at university. I'm currently considering my options here in Victoria: the Bachelor of Actuarial Science at Monash University and the Bachelor of Commerce (Majoring in Actuarial Studies) at the University of Melbourne. I'd love to hear any insights the community may have about these degrees and the industry.

Below are a few questions I have:

1. How are each of these degrees viewed by employers? Is one university's Actuarial qualification considered better than the other?
2. If you've recently completed VCE and have offers for both courses, which one would you choose and why?
3. If you could offer a piece of advice to someone like myself, what would it be?

Thanks!

I am an FSA from SOA. Would it be easy to find a job in Sydney? What would be the salary range? I have around 4 year of experience in life insurance.

I am looking forward to moving to au with 189 visa. Thanks guys.

Hi all, I am looking to study both CS1 and CB1 in Semester 2 of 2024 but the combined cost is over $1,000 AUD for the textbooks alone. Is there any way to source these elsewhere or can someone offer me a link to a pdf to download? Thanks.

Hey, how does one’s performance in job interviews determine their chances of landing an internship or grad role in companies like Finity, Taylor Fry, the Big 4 and other insurance companies. Is it important to have practiced my interviewing skills or do grades weigh more in this case or are they both important equally? If so, what can I do to enhance this particular aspect of mine? Thank you!

And what sort of salary progression can you expect if you don't want to take the actuarial exams?

Hi all,

I’m currently completing my undergraduate studies in the United States (as a citizen of New Zealand) and I was wondering if I would be able to complete parts of the Foundation Program for the Australian Actuaries Institute by transferring credit from either my university courses or the Society of Actuaries as I've recently decided to begin my actuarial career in either Australia or New Zealand rather than the US. Currently I've passed SOA Exam P and have completed several university courses in statistics and economics.

Thanks for the help!

Hi all, recently started as an Actuarial Analyst in a LI company based in Sydney, with 80k base.

What does salary progression look like in this career, can I break 200k before 3 given FIAA and 7+ years work experience?

Hi all.

I am a penultimate year Bachelor of Actuarial Studies/ Computer Science (AI) student at an Australian university. I am currently touching up on my resume before I begin applying for this internship season. I am focusing on data, insurance, risk, and trading positions as this is what I think I am interested in (at this moment).

I am including my self-projects in my resume and portfolio (as I don't have much experience elsewhere), however, I have a few confusions regarding this.

1. What are employers looking for in these resumes? I can demonstrate interest and skill very easily but is there anything else I should be showing?
2. I have heard that you should show the effect and impact of your work at your job. Does this also apply to projects? If so how could I do this for projects that don't have an analytical measure or lack an impact on something external (besides educating myself).

Any suggestions are highly appreciated.

Thank you 🙏.

(Sorry if I have posted this in the wrong subreddit, I'm new to Reddit and not too sure where I should be posting this.)

Hello hello. I am using this as a last resort to gather some information as to how to land a good job internationally. Given I have around 8yrs of experience ranging from Pricing, Reserving, Valuation and Reporting in the Actuarial domain, it all comes down to whether I am legally authorized to work in the country for which I am applying. Any and every help/suggestion is appreciated!

Hi, I am currently a student completing my part 1s at UNSW with the intention of completing part 2s as well.

I have recently come to know that achieving fellowship is much more difficult and many don’t complete it.

I am not very informed regarding the matter, and have a few questions.

What benefit would someone gain from completing their fellowship?

If someone does not complete their fellowship, will their career be capped to a certain extent?

How realistic is it to assume that I would be able to complete my fellowship?

Any information is highly appreciated! I am focussing on excelling my career as far is possible, if that changes any of your opinions or suggestions.

Thank you 🙏

I am going to start my bachelors at UNSW in may, but still a little confused about exam series

so if anyone could help me understnad the whole system

i would be thankful

Finished my degree last year and only got 1 exemption, but I’m confident I can get all my part 1 done by the end of the year, however I don’t intend on doing my part 2. Otherwise what type of job should I go for if not?

Hi everyone, I'm a final year student doing an Actuarial Studies double degree and was just wondering whether more graduates go into actuarial graduate programs or into entry level actuarial analyst positions, as well as the difficulty of getting into each?

Guys i got into maquire for bach of actuary and bachelor of IT(majoring in data science) a double degree. I also got into bavhelor of science (majoring in maths or stats) and bach of actuary. In terms of industry and opportunity would IT (mj data science) or Bach science(mj maths or stats) be a bettter combo with actuary?

Has anyone here got PR on the skilled migration visa?

I'm looking into it at the moment and starting to be told it takes years unless I'm in healthcare. Of course many people are not aware of our progression so would be good to get views of people here who are aware of the migration process or ideally have been through it themselves.

Hi folks,

Any of you know where I can put an hand on that document, this is in one of the Canadian Institute of Actuary text source for one exam and will be only available at the registration of the exam (which is not opened yet). I was hoping to get a sense on how complex and pages there is. Syllabus refer to module 4, 5, 7 and 9.

Institute of Actuaries of Australia. 2022. General Insurance and

Health Pricing and Portfolio Analytics (GIHPPA). Sydney (AU):

Institute of Actuaries of Australia.

Is it easier to get work/internship if u graduate from monash or js it easier to get it if u graduate from maquire for actuary?

Hey guys, just wondering if anyone had experience or know someone who did subjects without following the pre-requisites?

I'm asking because I would like to do data science applications before GI pricing, and I've only done 1 fellowship subject. Given that DSA is not really related to my fellowship principles level subjects, can I just do the applications subject first?

Asking on behalf of someone if CMP is a prerequisite of GIHV as it's mentioned in the GIHV subject syllabus (https://actuaries.logicaldoc.cloud/download-ticket?ticketId=8f6889f4-b707-43bd-8cd9-a798d9915548) where it says:

"Students will have attempted (but not necessarily passed) all Foundation Program subjects and all Actuary Program subjects."

https://preview.redd.it/hf1c26506ecc1.png?width=1362&format=png&auto=webp&s=f33f19941c45e04a85ed72e62a0729da4d3174e3

She's passed all Part 1 and 2 subjects except CMP but managed to enrol to GIHV via Actuaries Institute.

Thanks in advance!

I’ve gotten offers from unimelb and macquarie. I know unimelb has a much higher ranking for the degree and overall compared to Macquarie, but Macquarie has been offering the degree for the longest in the county, and that their subjects are more to do with actuarial science than commerce

I have a few questions about this: 1)Would graduating from either of the universities increasing the chance of employers ( in Australia and overseas) hiring ? 2) is it true that unimelb courses prepare you for academia instead of working in the industry? 3) How well-run are the courses in both universities in terms of the course structure, faculty and lectures ?

I’m an international student and want to increase my chances of finding a job after I graduate 😖😖

Thanks!

Is it easier to get a job in sydnwy if u graduate from a syndey uni or does a guy from melb uni have the same chance?

Ive been hearing that the actuary job market is saturated in australia but then again, i ve been hearing that about all the jobs.Lets say I go to maquire and graduate with a double degree ( actuarial science and bachelor of science -majoring in statistical modelling) how will my job prospects look?

Also is the data science job market as saturated as the actuary job market?

For those of you who did double degrees is it double the price of normal degrees?
Also does the csp loan cover most of your costs or only a small portion of it?
Also would yall recommend me to do bach of science (majoring in stats) or IT(majoring in data science) as a double degree with actuary?
Thankyou

Guys why does monash, which is ranked higher than maquire for actuary, only ask for an ATAR of 85 while Maquire asks for an ATAR of 95? Also why are most people(redditors and relatives) recommending maquire over monash although monash is ranked higher?