i read on actuaries website that we can give max. of 3 papers at a time when we move on to our CT series. so how does the institute mark us, if i have appeared for 2 papers my combined marks will be considered and then it will be decided if m pass in both or fail on both???? OR does the IAI considers each paper as separate, means if i have appeared for Ct1 and CT2, then my chances of passing in CT1 is based solely on my performance in CT1 and it has got nothing to do with what i have done in my CT2 paper. in other words are there chances that i will pass in one ( say CT1 ) and fail in the other ( say CT2 ) which of the above two assumptions taken by me are correct...plzz enlighten me
Each paper is considered separately. For ACET, FAC + STAT is one paper combined, CT onwards...it's each paper separately.
Pass marks for each paper is of the order of 60-65% (from what I gather from internet) and percentage of candidates passing is say 30% for easier papers like CT1, 3 etc and even less than 10 for some of difficult ones.
well if thats the case then i dont know why i have seen some students asking questions abt which combination of subjects in CT series they should make to appear for xams. there doesnt seem to be a reason to make such combinations if each subject is considered separately for result purpose. still i have seen some people asking should i go with C1 + C3 or C1+ C7 or C1+ C2.....is there any reason for it except that one subject may provide some help in the other???
yes..there are several linkages between the subjects and it is recommended to study in a sequential order....but i dont think the benefit of exemption is dere lyk CA....its either pass o fail...
well if thats the case then i dont know why i have seen some students asking questions abt which combination of subjects in CT series they should make to appear for xams. there doesnt seem to be a reason to make such combinations if each subject is considered separately for result purpose. still i have seen some people asking should i go with C1 + C3 or C1+ C7 or C1+ C2.....is there any reason for it except that one subject may provide some help in the other???
Taking 2 or 3 all tough papers together is difficult as compared to 1 tough + 1 easy combination. Also, as you mentioned: one subject helping in the other.
hi sanchit!! generally IAI material + past papers is considered sufficient for exams. But once u r done with that u r always free to look for extra knowledge. As u go deeper u will find books on each topic. It all depends on one's own interest & skills,etc. Like u i 've also studied maths till +2 & stats till Graduation.But when i read the stats pack for ACET I really found stats to be much more interesting. It is really great job!! But I had to work more on maths due to time gap.
I'm also looking for conceptually good books. I saw review of some foreign author books on amazon.com. Will share if i come across any good book.
2531 students appeared ACET this time......striking differences are 1. More females 2. Younger candidates 3. Shift from larger centres towards smaller cities....
As per my guesswork....the mean score of the population should be somewhere around 55 marks out of 100 and the probability of passing should be 0.4 for those who expect to score around 50, 0.5 for those who expect 55 and 0.6 for those expecting 60 marks....Those who are pretty confident of their exams and expect to score more than 60 marks should have a passing probability of more than 0.6
Since the probability of passing a student in ACET is around 40% (based on the last results).....If I were an actuary i would have developed a model wherein if a student fails in the exam, he would be provided with the subsequent registration expenses (Rs 3000) free of cost subject to paying a premium of say Rs 1600(non refundable).......What do u say guys....???
2531 students appeared ACET this time......striking differences are 1. More females 2. Younger candidates 3. Shift from larger centres towards smaller cities....
As per my guesswork....the mean score of the population should be somewhere around 55 marks out of 100 and the probability of passing should be 0.4 for those who expect to score around 50, 0.5 for those who expect 55 and 0.6 for those expecting 60 marks....Those who are pretty confident of their exams and expect to score more than 60 marks should have a passing probability of more than 0.6
any supporting document for no of candidates, striking differences........ and yes how did you calculated these probabilities
any supporting document for no of candidates, striking differences........ and yes how did you calculated these probabilities
Supporting doc is actuary magazine for the month of June Page-4....As regards calculation of probabilities....its just my personal opinion based on my own guesswork......
Hey guys another 6 days to go for the results..feeling so damn tensed and nervous..i think they going to announce all the names who have passed in the single list and put it on the website like they did the last time.
hey guys theres one thing that strikes ma mind. U see, in any course, whether its CA or CS or CAT for MBA, there are thousands and thousands of students. but what can possibly be the reason why just 2000 students appear for ACEt and perhaps the number even goes strikingly lower as we move further to CT series. Is it just the lack of awareness about this course or u feel this course hasnt got much of scope in india, probably that could be the reason....i still havent made up ma mind fully that its worth starting this course or not....ofcourse m nt enjoying much in CA....m a rankholder in IPCC but still theres this sense of non fulfillment because there are thousands passing CA every 6 months.....so that actually diverted my attention to actuaries course coz its a course not much opted for....just like a road not taken
so any1 please give an honest answer whether its worth putting hard work in actuaries....m afraid what possibly can be the reason why studnets still dont opt for this course
Supporting doc is actuary magazine for the month of June Page-4....As regards calculation of probabilities....its just my personal opinion based on my own guesswork......
hey guys theres one thing that strikes ma mind. U see, in any course, whether its CA or CS or CAT for MBA, there are thousands and thousands of students. but what can possibly be the reason why just 2000 students appear for ACEt and perhaps the number even goes strikingly lower as we move further to CT series. Is it just the lack of awareness about this course or u feel this course hasnt got much of scope in india, probably that could be the reason....i still havent made up ma mind fully that its worth starting this course or not....ofcourse m nt enjoying much in CA....m a rankholder in IPCC but still theres this sense of non fulfillment because there are thousands passing CA every 6 months.....so that actually diverted my attention to actuaries course coz its a course not much opted for....just like a road not taken
so any1 please give an honest answer whether its worth putting hard work in actuaries....m afraid what possibly can be the reason why studnets still dont opt for this course
Dude..nice to hear dat u r a rank holder in IPCC....All the best for ur road to the finals...But strange to hear that u r not enjoying it
Lack of awareness is one of the biggest reasons for the number of students enrolled in the course...I think the scope of the actuarial profession is yet to be discovered....the fact is that life is full of uncertainties and risks...Now herein comes the role of actauries as they are considered specialists in the risk management field....Now this risk management is such a crucial as well as crirical subject in all the sectors and not only limited to banking or insurance...Further if u can make a mark..u can go global..
The truth is that the road to actuaries is much difficult (even more difficult than CA as per my opinion)and it takes a lot of hard work and effort to be an actuary.....but once u become an actuary, all the hard work will pay off.....
Now as far as joining this profession is concerned...the decision is totally upto u.Its for u to decide whether u want to specialise urself in this risk management profession....as there are many more fields to specialise being a chartered accountant.But if u r interesed in this course..i suggest u to complete CA, take a diploma in IRA from ICAI and simultaneously pursue ur actuarial course. In case u havent completed ur articleship, complete it first then think of actuary....otherwise it will be too much for u...
"Two roads diverged in a yellow wood, And sorry, I could not travel both.... I took the one less traveled by, And that has made all the difference" ...... Robert Frost
hey guys theres one thing that strikes ma mind. U see, in any course, whether its CA or CS or CAT for MBA, there are thousands and thousands of students. but what can possibly be the reason why just 2000 students appear for ACEt and perhaps the number even goes strikingly lower as we move further to CT series. Is it just the lack of awareness about this course or u feel this course hasnt got much of scope in india, probably that could be the reason....i still havent made up ma mind fully that its worth starting this course or not....ofcourse m nt enjoying much in CA....m a rankholder in IPCC but still theres this sense of non fulfillment because there are thousands passing CA every 6 months.....so that actually diverted my attention to actuaries course coz its a course not much opted for....just like a road not taken
so any1 please give an honest answer whether its worth putting hard work in actuaries....m afraid what possibly can be the reason why studnets still dont opt for this course
I think there are not many actuaries around because companies need only a handful of fully qualified actuaries, so even if you know about actuaries, you don't meet people often who are doing that and doing good +
lack of information +
large num of tests + very low pass percentage makes it unattractive +
based on maths which not many people are interested in after school days. I mean, now that I'm aware of actuaries...I still won't recommend it to most people around because I know they won't be interested after seeing the course structure and knowing there are at-least 12 courses to clear at In-fact, I'm also giving actuarial tests just because I want to keep learning something along with this un-fulfilling and stupid corporate job and maths in my favorite subject. I'm not particularly interested in actuarial careers.
thanks chanchuabir well the reason m not enjoying CA much is the fact that pass percentages in CA have gone up way too high and now i see almost every acquaintance of mine being an IPCC passed out.., and 1 day or the other u gonna see all passing final as well...so as of the future for chartered accountants i dont find it that 'encouraging' with a whole flood of qualified ones waiting in the job market to get employed....well i guess in a country like India it was bound to happen in all courses...ok lets leave it...!!! as of ur suggestions in the past reply, i would love to make this point that articleship is not much of a boundation or problem for me coz i work in our own family Firm of chartered accountants...so i guess i can devote enough time to actuaries course...just wanted to know if it would be possible enough for a guy like me who is around 20 years of age to go in for such course...U mentioned abt a diploma...will it be necesaaary or with some xtra effort i wud be able to understand the subjects of CT series???
thanks hahathebadboy for ur reply well, if we keep the fear nd hate for Maths ( which thankfully i didnt have much) and also low passing % (for which i am already mentally prepared) aside for a minute, then can we say that even a person who has passed 5 or 6 subject of CT series, wouldn't be able to find a good job for himself so easily,,,,and even for a qualified actuary theres no assurity that hes gonna be hired by any company??? ( coz as u mentioned and i also saw in the interviews of some qualified actuaries that its not a profession in which there wud b a demand for 50000 or 1 lac qualified ones, the industry needs only a handful of actuaries, not like CAs that even a shopkeeper requires for filing returns)