I'm at a South -African University, third year Student. Even though I find the Life-Insurance mathematics interesting (CT4 & 5) I doubt if studying towards being a Life - Insurance Actuary is my first Option!
I just wrote the CT8 exam in the April sitting and I'm waiting for the results, don't know if I've passed but I don't mind going through everything again If I didn't . Ever since I started the subject I've enjoyed it WITH ALL MY HEART. I even bought the book ''Options Futures and Other Derivatives'' ~ 8th Edition by Hull as well as the ACTED ST6 notes to read more.The most interesting thing I realised is that everything in Life can be expressed using Options; nearly all of life is a transfer of Concavity (downside exposure to 'x') and Convexity (upside exposure to 'x') from one side to the other. AND that's everything, including sitting Actuarial Exams. [Let me not go deep]
I felt more in love with Finance&/Investments especially the CT8/ST6 content, but ASSA(Actuarial Society of South Africa) have removed ST6 from their curriculum. I can't take the thought of the notes and the book ''Hull'' being wasted in my bookshelf ''for the rest of my life''. So I was thinking of deregistering with them at the end of the year and registering with IoA/FoA so that I can do ST6. But that's all after passing exams.
Anyway I kindly seek advice with the following;
- Do you think it's a good idea, also is finding a job in the Finance/Investment field hard? If not should interest in a subject come before a job?
- Do you think Actuaries in the Investment/Finance field do have skills that other professionals don't have?
- Is the Acturial Profession well Marketing it's ''Investment Actuaries''?
Last edited by a moderator: May 5, 2012