What Perceptions Do Actuarial Graduates Hold on Their University Studies, Work Experience and Career Direction after Completing the University Program

30 Pages Posted: 16 Jan 2013

See all articles by Brian Wang Bong Chu

Brian Wang Bong Chu

University of New South Wales (UNSW) - School of Actuarial Studies

John R. Evans

Centre for Analysis of Complex Financial Systems

David E. Morgan

University of New South Wales - School of Management

Date Written: October 13, 2011

Abstract

Established over 160 years ago, actuarial studies is a highly regarded disciplineand many students aspire to gain admission into the program offered by universities worldwide. The discipline is reknowned for offering students with the potential of excellent career prospects and high salaries. The experience of actuarial graduates has not been systematically recorded and analysed. This paper summarises a study implemented on students in the actuarial alumni body from a leading Australian university on their perceptions of the university education program, the profession qualification process and their career aspirations. 66 respondents participated in the study and 33 respondents completed the study in its entirety. The respondents confirmed popular belief that attaining the Fully Qualified Actuary (FQA) title is time-consuming and difficult. Respondents are generall satisfied with their current job, especiall regarding their financial rewards. However, whilst respondents have aspirations to become part of management, they are insufficiently skilled and are less inclined to seek employer support to develop these skills. The study complies with the protocols of the UNSW Ethics Committee.

Keywords: Actuarial profession, education program, career development

Suggested Citation

Chu, Brian Wang Bong and Evans, John R. and Morgan, David E., What Perceptions Do Actuarial Graduates Hold on Their University Studies, Work Experience and Career Direction after Completing the University Program (October 13, 2011). UNSW Australian School of Business Research Paper No. 2011ACTL12. Available at SSRN: https://ssrn.com/abstract=2201217 or http://dx.doi.org/10.2139/ssrn.2201217

Brian Wang Bong Chu (Contact Author)

University of New South Wales (UNSW) - School of Actuarial Studies ( email )

Sydney, NSW 2052
Australia

John R. Evans

Centre for Analysis of Complex Financial Systems ( email )

PO Box 363
Summer Hill, 2130
Australia

David E. Morgan

University of New South Wales - School of Management ( email )

Sydney, NSW 2052
Australia

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