|
Induction
courses
ActEd runs public
induction courses and in-house
induction courses in September and October
each year to give new actuarial students a flying
start to the early subjects, as well as introducing
and developing the basic actuarial skills that
new students will use in the office.
Public induction courses
ActEd runs popular three-day
public induction courses in London each year.
These courses run for three consecutive days
and cover some material from Subjects CT1, CT3,
CT4, CT5 and CT6.
The induction courses provide
a mixture of interactive presentation of ideas
and question practice with homework exercises
in the evening. The ActEd tutor is on hand throughout
the course to help with any particular problems
the students may have and give general advice
about studying.
When are the courses?
ActEd runs public induction
courses and in-house induction courses in September
and October each year.
Course content
The course covers the following
areas:
(i) A reminder of important
topics from A-Level (or equivalent) Mathematics
(ii) An introduction to Subject
CT3 (Probability and Mathematical Statistics)
- Probability distributions
(discrete and continuous)
- Random variables
- Expectation and variance
(iii) An introduction to the
main topics of Subject CT1 (Financial Mathematics)
- Compound interest calculations
- Convertible rates of interest
- Actuarial notation
(iv) An introduction to Subject
CT5 (Contingencies)
- Annuity and assurance
functions
- Premium calculations
(v) Other topics
- "Life Tables"
(Subject CT4 - Models)
- Compound distributions
(Subject CT6 - Statistical Methods)
(vi) A short session on effective
study and exam skills. The tutor will discuss
possible routes through the exams with students
who are unsure which subjects to take, and will
highlight the exam and study techniques that
students will need to develop.
(vii) A short mock exam on
the last afternoon of the course, containing
a wide range of exam-style questions. The mock
exam will emphasise the importance of understanding,
accuracy and speed, and will prevent students
from developing any complacency in their approach
to their actuarial studies.
Feedback to employers
Employers sending students
on this course will receive feedback on their
students performance during the three
days and an interpretation of the marks obtained
in the mock exam.
Feedback from students
Students who have attended
ActEd induction courses in the past have found
that they went away with the foundations of
their knowledge of the early subjects firmly
laid, and with a clear idea of how their studying
pattern needed to develop over the forthcoming
year
In-house induction courses
For employers with a larger
number of new actuarial students, we also run
in-house induction courses. These can be tailored
more closely to the needs of an individual employer
and can be incorporated into the employers
current induction programme. For example, sessions
on the subject material can be interspersed
with other internal training sessions.
These courses are usually
cost-effective for organisations with more than
about 10 new students, although we would be
happy to work with smaller groups. In-house
courses often represent better value to an employer
than paying for several students to travel to
a public course.
Please ring Bev
Butler at ActEd on 01235 550005 if you would
like to discuss in-house induction courses in
more detail.
Return to top
|