Just wondered what is the average age of newly qualified actuaries ? Are there any figures of how many percentage wise qualify ? How many pass all CTs ? How many pass all CTs and CA1 ? Etc Just wondered. Would be nice to know.
I wish I knew too - but we don't have the figures to analyse that. The Indian students were saying only 2% of all their students complete - but I don't know where they got that figure from.
I was once told that between a third and a half of students never qualify. And of those, most drop out at the CA/ST stage. No clue on ages I'm afraid, but I suppose if graduates are about 21 and it takes around 5 years to qualify, then average qualification age is 26.
Try looking at the IFoA annual reports for official member numbers. Latest is for 2014/15. http://www.actuaries.org.uk/researc...e-and-faculty-actuaries-20142015-diversity-ma At January 2015, 14,000 students and 12,000 qualified actuaries. Doesn't really tell you the % who start and don't make it to fellow though.
I think it was derived from 250 actuaries out of 25k registrations. That ignored censoring of course. Survival models needed!
What denominator do you want to use? Those who sign up for first exam only? Those who sit one? I'm sure there is a few who do one or two then decide it's not for them.
The current exam results give how many sat a paper & how many passed. I would like to see that broken down by attempt, e.g. 1st, 2nd, 3rd or more
I suppose you could try and web scrape the names of all the successful applicants. Then identify them as factors in R or something and see how many times each name appears. Allowances would have to be made for people who appear less because they passed the later exams with the institute but the earlier ones in college.