Hi MJ, thanks for your video. I can totally relate to your say, having failed some of my actuarial subjects at Uni. However, one does not need to persist with an actuarial degree in order to become an actuary. An alternative option would be to take a different route, for instance: do a degree in maths/stat or compsci/stats or maths/stat. These skills are likely to secure, in the future, a position in an insurance or actuarial consulting firm because of the diversity that you could bring to an actuarial team. With the experience, you would have developed enough maturity and knowledge to dive again into the actuarial exams and will eventually qualify.
Thank you MJ. I'm in my second year in university and its tough. Lecturer's have been going on strike and this made our semesters shorter. It sucks. I'm not doing well in some units but if I fail I won't give up
I’m planning to take my exam fm in October . I took my first sample exam and got an 11 out of 35 and on my second I got 9 . What am I doing wrong ? I am extremely demotivated :(
@@denaude7058 I studied at Stellenbosch University. The worst university in the world. I am done with Actuarial Science. It destroyed my life. I am now a Data Scientist and enjoying it.
@@Fotoinusgrobler Thank you for replying.I am worried that I might not meet the minimum requirements to continue with ActSci in second year.If that happens,I’ll have to switch to QRM.And I probably won’t get credit for any exemptions,even though I’ll have the same modules as the ActSci students.I regret not investing more time into Stats.
I want to study actuarial sciences, however everybody that I ask,that has experience in the degree says that I should never do it because it is not worth the hard work. So do you agree with the statement that all of the hard work is not worth it, as other degrees(such as accounting) can reach the same salary with less stress?
Hey MJ!! I want to ask you that can I change from actuaries to accountant after 1 or 2 year as I have no accounting background... Because I m a science student
Harshil Jain, Maths alone will do- in fact, u r better equipped without prior accounting knowledge- that's why Accounting is not required for Accounting studies, they only need your Maths (Pure),English& a good average. You'll definitely do well, assured.
I'm currently a first year student at Wits so my opinion may be helpful. A year ago, I would have been asking this exact same question so I'll give you the answer I wouldn't have wanted to hear. (My opinion assumes you'll study at Wits, other universities have different course structures). First-year Actuarial Science truly is not Maths. It employs the use of nothing more difficult than Algebra and you do all the Financial Maths needed from scratch (and, yes, I do mean starting from simple interest calculations). By second semester, you will be seeing all the Calculus you learn in first and second semester appearing in both Statistics and Actuarial Science. Is the maths more tedious than it is in regular Maths I? Yes. Is the maths difficult? No. For this reason, I have to say the correlation you believe exists between Maths and Actuarial Science isn't as strong as, say Mathematics and Physical Science (which I believe you're doing) simply because the Maths of Actuarial Science never gets difficult in first-year, and the challenge that Actuarial Science poses has nothing to do with Mathematics at all. The best advice I could think to give to you right now is to develop a good work ethic. If you have a positive attitude toward difficulty, you won't go wrong at a first-year level. You will adjust to the workload - everyone does. It is the sheer depth of the understanding that you take from the subject that determines how well you do at it, as well as the effort you give to solving questions that will seem impossible until you understand the situation completely. You have not yet, and will not for the rest of the year, encounter a need to truly understand everything you study. Strive for it when you prepare for trials. The sheer act of breaking down a topic until you understand it at its core is what will prepare you for first year. Your Grade 12 Maths mark is only needed to get you into the degree. It is useful for nothing else. P.S. Since you're doing AP Maths, go with Statistics if you're not already in Matric. I chose Financial Maths, and trust me when I say the matric material will not give you the understanding that you need for Financial Maths in Actuarial Science, and you will need to re-study sections you thought you understood. The Statistics component gives you exposure to Counting Methods and Probability, which is what makes the first semester of Statistics harder than it should ever be. If you're already preparing for finals, go with whatever you've been studying, of course. You'll adapt to Actuarial Science if you work hard. With dedication, first-year isn't all bad.
Thank you so much. you have given me a deeper understanding into what 1st year entails. I would really like to contact you further. I think you could provide me with more insight. What do u say?
Thats a good video topic! Some quick advice: Focus on what the question word is and look out for compound questions. Pay attention to the question preamble and try notice if there is any specific details the question is missing. Then apply your actuarial control cycle and always state the obvious and define any terms. Make your main point and follow it up with a reason. Give a balanced view for questions like discuss and give examples to get those last few marks.
hmm we have seen a few crashes on start up but they go away when you restart. Are you getting it at the login stage? and what android version are you running? Thank you so much for letting me know about this
Its when I open the app and the interface shows a radar thingie - Doesn't go any forward from there... Im using Samsung Galaxy - Grand, although to be honest, I've turned off auto-update option in the play store for memory saving purposes.
+Nirdesh Bakshi ah the green radar? Yes it take a bit of time for it to load up unfortunately. But shouldn't take more than a couple of seconds. I'll look into it. Again thank you so much for bringing this to my attention.
Hey man, thank you for posting these encouraging videos. They definitely help when I'm doubting myself.
Hi MJ, thanks for your video. I can totally relate to your say, having failed some of my actuarial subjects at Uni. However, one does not need to persist with an actuarial degree in order to become an actuary. An alternative option would be to take a different route, for instance: do a degree in maths/stat or compsci/stats or maths/stat. These skills are likely to secure, in the future, a position in an insurance or actuarial consulting firm because of the diversity that you could bring to an actuarial team. With the experience, you would have developed enough maturity and knowledge to dive again into the actuarial exams and will eventually qualify.
Thank you MJ. I'm in my second year in university and its tough. Lecturer's have been going on strike and this made our semesters shorter. It sucks. I'm not doing well in some units but if I fail I won't give up
I’m taken Accounting 2 and just received F of the test. You are inspiration to never give up!
You are good man, very good - thank you for starting this RUclips thing.
Thank you for your advice!
Hey MJ, please do a tutorial video for Emerging fields... Steve isn't making sense :'(
Hi, could you do a video on how to secure your first position as an actuary? Because I've been struggling lol
yes will do that one next
liked the encouragement.
Raindrops on my heart who just finished last exam of master degree, Actuarial studies...
Great Advice bro
MJ! Thank youuu..
I’m planning to take my exam fm in October . I took my first sample exam and got an 11 out of 35 and on my second I got 9 . What am I doing wrong ? I am extremely demotivated :(
Keep practising! the exams are hard, but they are not impossible!
Hey MJ, does Actuarial career have a specific age limit : what is the latest one can start working as an actuary.
No age limit! When I wrote the fellowship exam, the man behind me had gray hair!
I am doing almost everything twice at university. Not really fun.
this just means you will end up having an amazing foundation of knowledge. keep going!
This semester I'm taking the subject "Theory of Interest" for the 3rd damn time and I tell you, it ain't fun at all.
Good day,I’m a first year in Actuarial Science who is in need for advice.At what university do you study at?I’m at NWU.
@@denaude7058 I studied at Stellenbosch University. The worst university in the world. I am done with Actuarial Science. It destroyed my life. I am now a Data Scientist and enjoying it.
@@Fotoinusgrobler Thank you for replying.I am worried that I might not meet the minimum requirements to continue with ActSci in second year.If that happens,I’ll have to switch to QRM.And I probably won’t get credit for any exemptions,even though I’ll have the same modules as the ActSci students.I regret not investing more time into Stats.
could make a video on ct3 on what type of questions would be asked
I want to study actuarial sciences, however everybody that I ask,that has experience in the degree says that I should never do it because it is not worth the hard work. So do you agree with the statement that all of the hard work is not worth it, as other degrees(such as accounting) can reach the same salary with less stress?
Hey MJ!! I want to ask you that can I change from actuaries to accountant after 1 or 2 year as I have no accounting background... Because I m a science student
Harshil Jain, Maths alone will do- in fact, u r better equipped without prior accounting knowledge- that's why Accounting is not required for Accounting studies, they only need your Maths (Pure),English& a good average.
You'll definitely do well, assured.
But CA requires accounts na??
Hey. I'd like to ask what your final grade 12 maths mark should be to cope with the level of 1st year
Do you take AP Math?
ThatGuy Yes I do
I'm currently a first year student at Wits so my opinion may be helpful. A year ago, I would have been asking this exact same question so I'll give you the answer I wouldn't have wanted to hear. (My opinion assumes you'll study at Wits, other universities have different course structures).
First-year Actuarial Science truly is not Maths. It employs the use of nothing more difficult than Algebra and you do all the Financial Maths needed from scratch (and, yes, I do mean starting from simple interest calculations). By second semester, you will be seeing all the Calculus you learn in first and second semester appearing in both Statistics and Actuarial Science. Is the maths more tedious than it is in regular Maths I? Yes. Is the maths difficult? No.
For this reason, I have to say the correlation you believe exists between Maths and Actuarial Science isn't as strong as, say Mathematics and Physical Science (which I believe you're doing) simply because the Maths of Actuarial Science never gets difficult in first-year, and the challenge that Actuarial Science poses has nothing to do with Mathematics at all.
The best advice I could think to give to you right now is to develop a good work ethic. If you have a positive attitude toward difficulty, you won't go wrong at a first-year level. You will adjust to the workload - everyone does. It is the sheer depth of the understanding that you take from the subject that determines how well you do at it, as well as the effort you give to solving questions that will seem impossible until you understand the situation completely. You have not yet, and will not for the rest of the year, encounter a need to truly understand everything you study. Strive for it when you prepare for trials. The sheer act of breaking down a topic until you understand it at its core is what will prepare you for first year.
Your Grade 12 Maths mark is only needed to get you into the degree. It is useful for nothing else.
P.S. Since you're doing AP Maths, go with Statistics if you're not already in Matric. I chose Financial Maths, and trust me when I say the matric material will not give you the understanding that you need for Financial Maths in Actuarial Science, and you will need to re-study sections you thought you understood. The Statistics component gives you exposure to Counting Methods and Probability, which is what makes the first semester of Statistics harder than it should ever be. If you're already preparing for finals, go with whatever you've been studying, of course. You'll adapt to Actuarial Science if you work hard. With dedication, first-year isn't all bad.
Thank you so much. you have given me a deeper understanding into what 1st year entails. I would really like to contact you further. I think you could provide me with more insight. What do u say?
Sure, I've sent you a private message with my e-mail address. Message me when you want to chat.
Sir pls tell me that how many times i can give the same paper after fail??
Hi Mj Do you mind giving some tips on answering application theory questions as found in CA1 and St papers?Thanking you in advance
Thats a good video topic! Some quick advice: Focus on what the question word is and look out for compound questions. Pay attention to the question preamble and try notice if there is any specific details the question is missing. Then apply your actuarial control cycle and always state the obvious and define any terms. Make your main point and follow it up with a reason. Give a balanced view for questions like discuss and give examples to get those last few marks.
Hi mj... I wanted to ask u that does marks matter in actuary or just clearing the exams?
I saw you name on the pass list for the Investments exam. Congrats.
Thank you!
Even if you keep failing the earlier "easy" exams i.e. cts?
haha I don't think anyone considers the ct exams as easy! maybe just a little easier than the later ones but they are still difficult
Which exam did u fail the most
Failed the Fellowship twice 🙈🙈
@@MJtheFellowActuary which exam was it that you failed?
Thats it brother - Eyes on the prize !! Great Advise. P.s The hypecoin app is not working on my android for some reason, any issues at your end ?
hmm we have seen a few crashes on start up but they go away when you restart. Are you getting it at the login stage? and what android version are you running? Thank you so much for letting me know about this
Its when I open the app and the interface shows a radar thingie - Doesn't go any forward from there... Im using Samsung Galaxy - Grand, although to be honest, I've turned off auto-update option in the play store for memory saving purposes.
+Nirdesh Bakshi ah the green radar? Yes it take a bit of time for it to load up unfortunately. But shouldn't take more than a couple of seconds. I'll look into it. Again thank you so much for bringing this to my attention.
Thats it - The green Radar. No worries mate, got your back haha
How many fail?
How do i become an actuary... is it really necessary for me to have an actuary degree from a university
justin hepburn yes
Well im doing a BSc in Mathematics with a Minor in Business Administration
A university actuarial degree in most places of the world is redundant, check the laws, legislation and unions regarding licensing.
I love you MJ 😂😂😂😂😂😂 just become an Accountant
Just got my MLC results back and I failed MLC, T____T. Now I'm going to eat my feelings away with Haagen Dazs.....
That's a nice jersey
Hey MJ, please do a tutorial video for Emerging fields... Steve isn't making sense :'(