| | Alvin and I are very sick of preparing our SOA exams!
First of all, let me tell you what is SOA exams. Like ACCA exams, SOA (Society of Actuaries) exams is our professional papers. It consists of 7 papers in total, and once you pass every paper, you will officially be entitled for fellowship by SOA. If you have passed the first 5 papers, you will be an associate. Why do we need to take these papers? It's very simple, to increase our "value" in the market of course. I mean, why do you think accountants are taking ACCA exams in the first place? Actuarial Science is a very challenging course, like what I've said in previous posts. If you really want to be an actuary, getting a degree is not enough actually. Insurance companies in Malaysia are mainly targetting only first class honors Actuarial Science students, better still, students who pass some professional papers. Why do they only target first class honors Actuarial Science students? It's simply because the supply is higher than the demand, in simple English, too many actuaries but too little places for them. Besides that, aim to get a job in overseas, not Malaysia. Malaysia Insurance companies just simply have too insufficient places for too many Actuaries, at least for now. I'm not sure about what the future holds, who does right? But at least from what we see, Malaysia's market for Actuaries will be the same for at least 5 more years.
Some people say that they don't want to be an actuary after graduation, they study this course just to learn about the financial aspect that is taught in this course. For goodness sake! If you want to learn about financial, go study finance la aduh! I know la, you sure want to tell me it is not necessary to work as an Actuary in the future even though you study this course de ma. But this case is different you see, when you know specifically what you want to study, go study the subject that will focus more on it la, aduh!
I have passed my first paper, Exam P/1 four weeks ago during my last semester break. One week later, my short semester has started and it doesn't seem to be delighted because the subjects are so crazy. I will be taking my second paper, Exam Financial Mathematics on November 5. So basically, I have only approximately 9 more days to prepare my exam. I haven't had a good rest since last semester and I am so freaking tired now! Luckily I have learnt most of the stuff in Exam FM in Theory of Interest subject that was taught last semester and now I'm very frustrated with the tonnes of exercises and also some minor parts in Derivatives Market. And I'm still not even 50% prepared yet! Urghhh! Put this aside, I still have UTAR's stuff to worry about. Business Law, Statistical Simulation and MORAL are killing me! The first test is going to commence in two weeks time and that is exactly the same time I'm taking my Exam FM. This is very sickening...
On the other hand, Alvin is very stressed and tired as well. He's going to take Exam MFE (Modelling for Financial Economics) and C (donno what lai de, yet) around the same time as I take my Exam FM. He has passed the first, second and third paper. If he gao dim this two papers, he will be an associate. Damn! You are my idol man! He has been preparing for these two papers for almost half a year (one year for MFE =P) already. And because of the exam is coming near, he is basically like us, want to pia to the end. Besides, He has other things to take care, for instance, the coming UTAR IDOL 2009, which is an inter-faculty competition. He is the organizing chairman and because of this, he has grown much grey hair, ei? XD
But one thing about him is, he is giving less attention to UTAR's exam for now. Because according to him, UTAR's exam doesn't have the same weight as SOA papers.
I haven't been sleeping enough for two semester, counthing this one. I miss playing badminton, Wing Yew's back and soon, others will too. I can't wait to rest after Exam FM.
Of course, I hope to pass it.
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| | Posted 10/25/2008 7:09 PM - 250 Views - 2 eProps - 1 Comment
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