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Actuary and I > Interviews > Student

Student means university student

  • Student 1:A (Nicknames are used to protect my friends' privacy)
  • Student 2:B

 

 

Student A

University & Program : University of Waterloo – Double Honours Mathematical Finance and Statistics
Expecting Graduating Year : 2011
Co-op experience: 2 terms
SOA Exam: 4 exams

Why do you choose actuarial science?
Because of my interest in math, finance and economics, and the career prospects.

How do you know about this profession?
Through my father and brother.

Where do you do your research on this profession?
Mainly on the Actuarial Outpost discussion forums.

Why you choose your university in the first place?
Because of the reputable co-op program

What is good about your university?
The numerous career opportunities available in the coop program, and the mathematical and technical rigour of the program

What needs to improve in your university?
There isn’t enough emphasis on communication and business skills in the program; too academically oriented (not taking the coop program into account)

How much is the tuition per year?
International fees is ~$11,000 per study term, per year varies depending on the number of study terms in the year (max of 3, usually 1 or 2)

How much is your living cost per year?
Around $10 to 12K per year.

Does the university program provide any support for student to pass exam? Example?
There are courses in the actuarial program that correspond to each preliminary exam, and a few that help in writing the upper exams as well. The actuarial club run by students does provide assistance (advice and study manuals) to prepare for the exams

Tell me about the Actuaries in the company that you had work with? Fun, Smart, Friendly, Helpful, …
Actuaries in the company I interned with can be described with all the adjectives you’ve provided above. I found that as long as one is eager to learn and is responsive to advice and criticism, there are many people who will be willing to impart their knowledge. They are also very sociable, and are involved in many different activities which coops are welcome to join them in.

 

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Student B

University & Program: Actuarial Science, University of Waterloo
Expecting Graduating Year: 2010
Co-op experience: 5 co-op terms
SOA Exam: 4 exams

Why do you choose actuarial science?
My first spark of interest in actuarial science came when I found out it was a hard and challenging profession. Upon further inquiry, it became apparent that actuarial science had the right mix of mathematics and business for me, and I decided to choose it as my future field of study.

How do you know about this profession?
A family friend told me they attempted a career in actuarial science and recommended that I look into it.

Where do you do your research on this profession?
Mostly online, but I had an opportunity to do a career exploration for a local insurance company that made me want to further pursue the profession.

Why you choose your university in the first place?
I feel that the University of Waterloo has one of the strongest actuarial programs in the world, and upon choosing to go into actuarial science, it became my top choice.

What is good about your university?
I feel it has many strong courses and high quality professors. There is also a large mathematics community that has awarded me many opportunities to get involved.

What needs to improve in your university?
For some courses, the class sizes become rather large.

How much is the tuition per year?
Standard math tuition is approximately $2250 per term for non-international students. There are other fees as well.

How much is your living cost per year?
Renting a non-furnished room in Waterloo ranges from about $350-$600 per month depending on the term, location, and length of lease.

Does the university program provide any support for student to pass exam?
There is indirect support from the ActSci Club, which has manuals available to students.

Tell me about the Actuaries in the company that you had work with? Fun, Smart, Friendly, Helpful, …? 
One of the greatest attributes (and one of the reasons I keep on returning to the same company for my different co-op terms) is the quality, caliber, and helpfulness of the people I have had the opportunity to work with. It is evident that there is a strong mentality to mentor and develop students as they prepare to become actuaries and future business leaders.

 

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