Hey MJ thanks for the content. I'm an MSc student doing Financial Maths and I find it hard to differentiate between Actuarial Science and Financial mathematics. Can you please make a video clarifying the two programs.
Hello, Thank you for video. Can you please tell if I can start with your course or I require to have prior knowledge of maths. As I did not had maths major in school
South Africa exams can't compare with the Society of Actuaries USA Examinations and the Casualty Actuarial Society Examinations. I think that you cannot Practice as an Actuary in United States.
Do you know that Which Actuarial model is prefer to analyse the solars ( non living things).? I want to analyse cost and future benefits of solar power system, using actuarial model.
Hey I can do all other chapters in maths but not trignometry (only know basic trignometry) how much trignometry is there in actuarial science. Can I do actuary with learning a lot of trignometry?
I think that you are mistaken Abstract Algebra, Complex Analysis, and Real Analysis is not useful in Actuarial Sciences. If you want to become an Associate of the Society of Actuaries USA, you dont need Sthocastic Calculus neither. Only Fellow Actuary needs Sthocastic Calculus and Differential Equations. The only thing you need is Calculus I II III, Linear Algebra (Very Few) . Probability and Mathematical Statistics. Dont put courses that are not useful in Actuarial Sciences.
Don't we need measure theory and real analysis for stochastic calculus in cm2? I myself haven't studied cm2 yet but all stochastic calculus courses require martingales and real analysis as prerequisite.
Yeah this isn't all the maths, its the start. You need Pre-Calculus and Calculus before you start with Stochastic Calculus. Most Financial Engineering textbooks will cover martingales before they go straight into deriving Black Scholes
Hey, I'm a high school student from South Africa and in two months I have to choose my subjects. I just wanted to ask ; which subject would you recommend between Accounting and Business for a person who's going to pursue actuarial science.
Society of Actuaries USA 2023 Exam Pathway to ASA (Associate of the Society of Actuaries) Exam P/1 Probability Exam FM/2 Financial Mathematics Exam FAM Fundamentals of Actuarial Mathematics Pre Actuarial Foundations Module Foundations of Actuarial Module Exam ALTAM or ASTAM Advanced Long Term Actuarial Mathematics or Advanced Short Term Actuarial Mathematics Exam SRM Statistics and Risk Modelling Exam PA Predictive Analytics Exam ATPA Advanced Topics in Predictive Analytics VEE Mathematical Statistics VEE Economics VEE Accounting and Finance FAP Fundamentals of Actuarial Practice APC Associateship Professionalism course ASA Associate of the Society of Actuaries USA (The Most Prestigious Actuarial Society) Fellowship Tracks General Insurance Corporate Finance and ERM Quantitative Financial Investment Group and Health Actuary Individual Life Insurance and Annuities General Insurance FAC (Fellow Admission Course) FSA (Fellow of the Society of Actuaries USA )
Hey MJ thanks for the content. I'm an MSc student doing Financial Maths and I find it hard to differentiate between Actuarial Science and Financial mathematics. Can you please make a video clarifying the two programs.
Financial maths is a subset of Actuarial Science. So if you do Actuarial Science, you will do Financial Maths plus a whole bunch of other topics
Hello,
Thank you for video.
Can you please tell if I can start with your course or I require to have prior knowledge of maths.
As I did not had maths major in school
Thank you for this, looking forward to taking the course on Udemy.
South Africa exams can't compare with the Society of Actuaries USA Examinations and the Casualty Actuarial Society Examinations.
I think that you cannot Practice as an Actuary in United States.
Woooooooooow!!! powerful video. I love dis video
Do you know that Which Actuarial model is prefer to analyse the solars ( non living things).?
I want to analyse cost and future benefits of solar power system, using actuarial model.
Hey I can do all other chapters in maths but not trignometry (only know basic trignometry) how much trignometry is there in actuarial science. Can I do actuary with learning a lot of trignometry?
There isn’t that much but it’s not something to ignore completely.
I think that you are mistaken
Abstract Algebra, Complex Analysis, and Real Analysis is not useful in Actuarial Sciences.
If you want to become an Associate of the Society of Actuaries USA, you dont need Sthocastic Calculus neither.
Only Fellow Actuary needs Sthocastic Calculus and Differential Equations.
The only thing you need is Calculus I II III, Linear Algebra (Very Few) . Probability and Mathematical Statistics.
Dont put courses that are not useful in Actuarial Sciences.
Is there a google doc of this? I want to make a spreadsheet to track myself over the next year.
So no stats in this course?
Don't we need measure theory and real analysis for stochastic calculus in cm2? I myself haven't studied cm2 yet but all stochastic calculus courses require martingales and real analysis as prerequisite.
Yeah this isn't all the maths, its the start. You need Pre-Calculus and Calculus before you start with Stochastic Calculus. Most Financial Engineering textbooks will cover martingales before they go straight into deriving Black Scholes
@@MJtheFellowActuary so should i bother learning real analysis before starting to study for cm2 or is it okay if I don't do so?
I think also Functional Analysis is important too.
If you have the time, go for it! More studying is always better
@@MJtheFellowActuary ok, thank you for your reply
Hey, I'm a high school student from South Africa and in two months I have to choose my subjects. I just wanted to ask ; which subject would you recommend between Accounting and Business for a person who's going to pursue actuarial science.
Accounting, because it’s easier to learn business in your spare time, whereas for accounting you want the classroom structure to help you focus on it.
How many exams can be passed by going through these math courses?
What are the requirements
Society of Actuaries USA
2023 Exam Pathway to ASA (Associate of the Society of Actuaries)
Exam P/1 Probability
Exam FM/2 Financial Mathematics
Exam FAM Fundamentals of Actuarial Mathematics
Pre Actuarial Foundations Module
Foundations of Actuarial Module
Exam ALTAM or ASTAM Advanced Long Term Actuarial Mathematics or Advanced Short Term Actuarial Mathematics
Exam SRM Statistics and Risk Modelling
Exam PA Predictive Analytics
Exam ATPA Advanced Topics in Predictive Analytics
VEE Mathematical Statistics
VEE Economics
VEE Accounting and Finance
FAP Fundamentals of Actuarial Practice
APC Associateship Professionalism course
ASA Associate of the Society of Actuaries USA (The Most Prestigious Actuarial Society)
Fellowship Tracks
General Insurance
Corporate Finance and ERM
Quantitative Financial Investment
Group and Health Actuary
Individual Life Insurance and Annuities
General Insurance
FAC (Fellow Admission Course)
FSA (Fellow of the Society of Actuaries USA )