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Thread: statistics vs actuarial science

  1. #1
    Actuary.com - Newbie Poster
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    statistics vs actuarial science

    What are some pros and cons of studying statistics vs. actuarial science?

  2. #2
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    Quote Originally Posted by dolceclip View Post
    What are some pros and cons of studying statistics vs. actuarial science?

    Pro for AS
    • The program should be geared directly at passing the exams, so majoring in AS should be helpful in getting through the preliminary exams.
    • If you are in one of the more popular AS programs, there will probably be a number of opportunities to get some internships through career fair or other organized events that bring companies and students together - networking.

    Pro for Statistics
    • Statistics is applicable to several other professions other than the actuarial profession. With AS, you might be "pigeonholed" into the actuarial profession and find it harder to leave for another career if you decide to do so.

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    arent u supposed to study both at the same time??

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    Quote Originally Posted by hov View Post
    arent u supposed to study both at the same time??
    Depends on the university.

    Some places classify an AS degree as a statistics degree, some classify it as a math degree, some classify it as some other type of degree, and some/most universities just don't have an actuarial science major.

    You are correct in that statistical theory does lay the foundation for actuarial science. But it's not the only thing you can do in statistics.

  5. #5
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    Quote Originally Posted by wat View Post
    Depends on the university.

    Some places classify an AS degree as a statistics degree, some classify it as a math degree, some classify it as some other type of degree, and some/most universities just don't have an actuarial science major.

    You are correct in that statistical theory does lay the foundation for actuarial science. But it's not the only thing you can do in statistics.
    im currently doing third yr both actuarial science and statistics and there is no way that u will be allowed to do any second or third year course without mathematical statistics and mathematics.maybe US universities do it differently+they dont use the UK/Scotland system.

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