How to get into Actuarial Science | Your roadmap to become an actuary

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  • Опубліковано 27 лис 2024

КОМЕНТАРІ • 91

  • @musinsemooya
    @musinsemooya  3 місяці тому +9

    Two things! Some universities do require physics to get into act sci so please just check your uni requirements before you drop it!
    Secondly
    Important Announcement for Business Science (BusSci) Students at UCT
    Attention: Current 3rd-year students on the Business Science degrees, and 1st and 2nd-year BusSci students.
    Subject: Changes in Policy for Conversion from BusSci to BCom and Subsequent Honours Registration
    Overview:
    This announcement primarily affects current 3rd-year BusSci students but is also relevant for 1st and 2nd-year students as these changes will impact you in the future.
    Previous Policy:
    Previously, students in their final year of BusSci could convert to a BCom and register for Honours, transferring all passed credits from their final year to the Honours record.
    New Policy for Current 3rd-year Students (and Future Cohorts):
    If you fail any course in your final year:
    You can still transfer to a BCom and graduate.
    This will result in automatic de-registration from all other 4th-year courses for the rest of the year if you change before the year's end.
    If you remain in BusSci after failing a course and complete the year, only up to 50% of the degree's credits can be transferred to your Honours record. This may require you to repeat modules or register for unrelated 4th-year modules.
    Risks and Recommendations:
    Failing a final-year module in BusSci can lead to complications, such as:
    Inability to complete the degree.
    Inefficient credit transfer.
    We strongly recommend changing to the BCom degree and then returning for the Honours degree upon graduation. Benefits include:
    Two degrees (BCom and Honours) instead of one (BusSci).
    Fewer courses, allowing more focus on exemption-bearing courses.
    Actuarial employers prioritize exemptions over the degree name.
    Avoiding issues with faculty rules that could prevent degree completion.
    Options:
    You may choose to remain in BusSci and repeat a failed module if you haven't previously extended your degree.
    You are not obliged to change, but be aware that the faculty cannot assist if you face issues related to the new rules in future years.

    • @musinsemooya
      @musinsemooya  3 місяці тому

      Basically, they are phasing out BBusSci :)

    • @NicaKasende
      @NicaKasende 13 днів тому +1

      😭yoh. As a second year student, I'm kinda shaking, especially since we've been getting emails about our results.

  • @sandyvilme9815
    @sandyvilme9815 Місяць тому +7

    Thank you! I needed this. I’m in my second year of actuarial science and it’s been hard. I was a straight A student in high school but now I’m struggling. U gave me strength to keep pushing😭😭

    • @musinsemooya
      @musinsemooya  Місяць тому +3

      Omg! Please keep me updated on your journey. If you have a linked in then connect with me there as well. It is VERY tough so don't feel alone❤

    • @NicaKasende
      @NicaKasende 13 днів тому +2

      Ahhh, girl! We're on the same page! 🫠

  • @mawandeisaac
    @mawandeisaac Місяць тому +5

    The way you accentuate your points in your explanations is very impressing💯 Thank you for your time and explanations.. very informative video indeed👏

    • @musinsemooya
      @musinsemooya  Місяць тому

      Thank you! This meant a lot to me😁

  • @Alexandre-ox1uz
    @Alexandre-ox1uz 5 днів тому

    Thank you! This really helps as a student who is improving my grades in actuarial exams. :) !!!

  • @suggarr4uu
    @suggarr4uu 3 місяці тому +13

    You honestly inspire me yoh😭 when I saw your graduation video, it made me think it's possible to achieve this dream of mine in pursuing actuarial science, thank you soo much for this video ❤️

    • @musinsemooya
      @musinsemooya  3 місяці тому +2

      Of course! I’m here to help. I’m glad that I could inspire you even a little bit. You just made my morning, thank you 🤭

  • @aisheshatilwe3727
    @aisheshatilwe3727 3 місяці тому +5

    God new I needed this notification, I don’t know why it came 5 days late, but just the reminder I needed to go study🎉❤

  • @ShirindaNhlawuleko
    @ShirindaNhlawuleko 3 місяці тому +14

    The way I’m attentively listening to you speak about Actuarial Science that time I’m not even studying or planning on coz I’m doing Accounting… but because I love youuu sooo muchhh I can’t skipp this video😂❤️🌚ma’am I’m inlove I’m obsessed 🤩 with your channel🙈Xxx can’t wait for new vlogs and more💃

    • @musinsemooya
      @musinsemooya  3 місяці тому

      HAHA😂😂😂 Don't kill me. Thank you for watching. I'm glad that you find me captivating enough to listen to me talk about something unrelated to you. I appreciate the love ❤ Working on another one!

    • @UzwotheNgatshilidzi
      @UzwotheNgatshilidzi 3 місяці тому +1

      Same with me I'm not planning on it I just decided to watch this video coz why not 🤷‍♀️🤷‍♀️🤣🤣

    • @nellykekana3829
      @nellykekana3829 3 місяці тому +1

      GIRL?! sameee

    • @musinsemooya
      @musinsemooya  3 місяці тому

      @@UzwotheNgatshilidzi @nellykekana3829 nah you guys are the best 😘

  • @tumi.meraki
    @tumi.meraki 3 місяці тому +15

    The coooest, most gorgeous actuary🧎🏽‍♀️

    • @musinsemooya
      @musinsemooya  3 місяці тому

      🤣 thank you! Not yet but I hope to qualify someday 😆😆😆

  • @nellykekana3829
    @nellykekana3829 3 місяці тому +4

    i also love how eloquent you are😭😭 teach me your ways

    • @musinsemooya
      @musinsemooya  3 місяці тому +2

      @@nellykekana3829 you’re actually making me BLUSH

  • @lebolebo4156
    @lebolebo4156 3 місяці тому +19

    I'm study acturial science at wits first year and it's showing me flames😭😭😭😭😭😭😭😭

    • @musinsemooya
      @musinsemooya  3 місяці тому +5

      Chomi 😭😭 I’m sending you strength!!!

    • @mat-nk1tk
      @mat-nk1tk 3 місяці тому +1

      You is me 😂😂😂

    • @olwethungolotyi459
      @olwethungolotyi459 3 місяці тому +1

      All the best with Steve😂

    • @pretty.boii1
      @pretty.boii1 Місяць тому

      please share your results 😭🙏🏾

  • @Enachuariel
    @Enachuariel 11 днів тому +1

    Plus Financial Engineering is also another key component of Actuarial Science

  • @nellykekana3829
    @nellykekana3829 3 місяці тому +2

    this video is so well put together and extremely informative! unlike most career videos😭. you’ve literally started with definitions, subjects and marks required, how long it will take and other ways you can become an actuary.

    • @musinsemooya
      @musinsemooya  3 місяці тому

      @@nellykekana3829 would you believe me when I tell you that I don’t like this video at all 🤣🤣🤣
      Thank you for the feedback though. I appreciate it.

    • @nellykekana3829
      @nellykekana3829 3 місяці тому +1

      @@musinsemooya noways😭 it’s PERFECT

  • @TheLeloM
    @TheLeloM 3 місяці тому +8

    Currently at UWC planning on majoring in Statistics , finance and economics 😅so far stats is throwing hands but I have hope.

    • @musinsemooya
      @musinsemooya  3 місяці тому +2

      GOWRL. Stats really takes you for a ride 🤣🤣🤣 I can't even lie

    • @mat-nk1tk
      @mat-nk1tk 3 місяці тому +1

      Stats is so hard bru😂

    • @TheLeloM
      @TheLeloM 3 місяці тому +1

      @@mat-nk1tk I know 😭😭😭I'm doing introduction to business statistics and even that is fighting for no reason

  • @leratomakwela1077
    @leratomakwela1077 3 місяці тому +4

    I loooooooove your channel ♥

    • @musinsemooya
      @musinsemooya  3 місяці тому

      Thank you Leratooooo🥰🥰🥰

  • @UzwotheNgatshilidzi
    @UzwotheNgatshilidzi 3 місяці тому +7

    I really like your accent ❤❤
    I'm a new subbie 🥹🥹

    • @musinsemooya
      @musinsemooya  3 місяці тому

      Thank you and thank you!!!! I am glad to have you here 🥰

  • @sarellekistensamy5286
    @sarellekistensamy5286 3 місяці тому +4

    "A little insane" hits hard 😂😭

    • @musinsemooya
      @musinsemooya  3 місяці тому

      Even when I tried to put it softly, it still hurt.

  • @Randomstuff44512
    @Randomstuff44512 3 дні тому

    I am doing Bsc Physics and Engineering, and I would love to switch to Actuarial Sciences.

  • @chefharrishlungwani4131
    @chefharrishlungwani4131 Місяць тому +2

    Hii Musinse. Thank you for the video, very insightful and definitely not a waste of time. Quick question, is it possible to study Actuarial Science part time or online. Just to give context, I’m currently working a full time job that I can’t really quit because of the financial responsibilities I have, however, I am very eager to switch careers into the actuarial field

    • @musinsemooya
      @musinsemooya  Місяць тому

      Hmmm… if you have the space to study and work then definitely you can write your board exams and work. A lot of students do that after finishing university. In fact, it’s inevitable as you cannot leave university having written all the exams. So as long as you have time to study, you can!

    • @musinsemooya
      @musinsemooya  Місяць тому

      Also, thank you!

  • @bokang_matobako
    @bokang_matobako 3 місяці тому +1

    my fav😍😍😍we like before we watch here😜😜

  • @SmangllisoMashinini
    @SmangllisoMashinini 3 місяці тому +8

    Am currently doing computer science specializing in AI, a switch career from actuary science. I enjoy your channel
    😘

    • @musinsemooya
      @musinsemooya  3 місяці тому

      Thanks for the love! ❤️ That is so incredibly cool. I’m also extremely interested in AI. What, can I ask made you make the switch?😊

  • @mat-nk1tk
    @mat-nk1tk 3 місяці тому +6

    Please do a video on how to actually pass actuarial science😢😢

    • @musinsemooya
      @musinsemooya  3 місяці тому +4

      Ay man... I don't think I'm the best candidate for that💀💀💀💀

    • @NicaKasende
      @NicaKasende 13 днів тому +1

      ​@@musinsemooyahawo, Musinse😭

  • @Tsholanang814
    @Tsholanang814 3 місяці тому +3

    Ouuuuuuuu o boile?❤🤭🤭

  • @Letslearntogetheruzh7
    @Letslearntogetheruzh7 Місяць тому +2

    7:01 AG

  • @rachelwrizz
    @rachelwrizz Місяць тому +1

    Hi, just looking for some advice as a freshman studying at purdue and still has no idea what major to choose (ray it would be great if you could help me out. I'm a person who doesn't have that much of a passion for anything (r) as bad as it sounds, I love fashion and content creating and always wanted to pursue it, but I never rlly thought of it as a realistic job option. one thing I know about myself is that I somewhat enjoy math and want to make enough money without having to spend all of my time in my job.
    So my question is, do you think you could be an actuary even if you don't absolutely love math? and also, are some actuaries more focused on communicating and consulting instead of just pure math? And lastly what is ur opinion on work, personal life balance in this field? Thank
    you

    • @musinsemooya
      @musinsemooya  29 днів тому

      Hey! Firstly this is so funny that you like fashion and content creating because literally SAME! I’m hoping to do more stuff like that in my free time this holiday. ☺️ Anyway onto your question. You can definitely still pursue it even if you don’t LOVE maths but just note that at times (if not all the time) it will probably not be the most enjoyable thing to do. 😭
      From my friends who are working as actuarial analysts, the work life balance seems to be decent with a few seasons where you are extremely busy a year. But if you are intending on fully qualifying as one, you’ll be studying for a pretty long time even after you graduate. But again, you don’t have to write board exams if you don’t want to.
      Lastly, there are tooooonnnes of actuaries who are more client facing and work in consulting spaces. You really don’t have to be behind a desk. The nice thing about actuarial science is that the skills you learn are transferable and sought after everywhere so if you finish and realise that you hate it, pivoting won’t be too hard.
      I hope this helps! Thanks for watching ❤️🥹

  • @trevorkhetsekile7864
    @trevorkhetsekile7864 2 місяці тому +2

    Tell them about STA2004F and Melusi 😓

    • @musinsemooya
      @musinsemooya  Місяць тому

      Bestie??? No Trigger Warning??? 😭😭😭 Also, we were all shocked so they can find out when they get there 😏

  • @DrAlicia
    @DrAlicia 3 місяці тому +2

    As a north west university student doing my 1st year in actx why do we do compsci like python,c#,sql,pandas,matplotlib

    • @musinsemooya
      @musinsemooya  3 місяці тому

      Coding is actually quite important in the industry. It’s more likely than not that you will be working with it!

    • @OmaatlaGaolae
      @OmaatlaGaolae 2 місяці тому

      Hi

  • @bhekilesego143
    @bhekilesego143 2 місяці тому +1

    Hey, I assume that NWC offers 5 exemptions. Pardon me if I am wrong. So how would one make it a point that she or he writes more exemptions if the university offers 5 exemptions?

    • @musinsemooya
      @musinsemooya  Місяць тому +1

      Hello! I am not sure if NWC only has five. I’m sure there are a bit more 🤔 But you can register on ASSA as a student. (There is a membership fee to pay) and then you can write the exams like that. You do have to pay for them that way.

    • @musinsemooya
      @musinsemooya  Місяць тому +1

      Forgive me if I already responded to this as UA-cam is being funny at the moment. But the best way is to register as a student member on ASSA and write their exams. Just not that you have to pay for them ☺️

  • @its.nhlamulo
    @its.nhlamulo 3 місяці тому

    what were your grades for english, math and physics?
    grade 11 term 1
    grade 11 term 2
    grade 11 final year mark
    grade 12 term 1
    grade 12 term 2
    grade 12 final year mark

    • @musinsemooya
      @musinsemooya  3 місяці тому +1

      @@its.nhlamulo My grades are classified information 🤭 Any reason in particular that you want to know?

    • @its.nhlamulo
      @its.nhlamulo 3 місяці тому +3

      @@musinsemooya just to see where i stand you know? 😭 maybe if i tell you mine? i’m in grade eleven now. so if i add my term one and term two marks for an average.
      english : 81
      math : 84
      physics : 87

    • @musinsemooya
      @musinsemooya  3 місяці тому +1

      What are you worried about🤣 You have met the guaranteed admission band! You’re good !

    • @its.nhlamulo
      @its.nhlamulo 3 місяці тому +1

      @@musinsemooya oh ok thank you !😭

  • @SandileGumede-nb5us
    @SandileGumede-nb5us 2 місяці тому +1

    Hi can I become a Actuarial with a Bcom economic science with econometrics degree and how do I go about? ♥️

    • @musinsemooya
      @musinsemooya  Місяць тому +1

      Hmmm. I’m not too sure about that transition in terms of being eligible for actuarial jobs… I think the best would be to firstly chat to an advisor at your university and see if there are any introductory courses you can take… other than that. Passing a few board exams will put you better in the running to be hired as an analyst. Be warned though, the exams and the notes are quite expensive

  • @justkat6
    @justkat6 3 місяці тому +1

    By the way what's the difference between the Data science world and the Actuarial science world.

    • @musinsemooya
      @musinsemooya  3 місяці тому +3

      You can think of data science as using a mix of math, statistics, and computer programs to dig through and make sense of massive piles of data. Data scientists use tools like Python (a programming language) and machine learning (a type of AI that learns from data) to predict trends and help companies make smarter decisions.
      Act sci is all about predicting risks and planning for the future, mainly in finance and insurance. Actuaries use maths to forecast what might happen tomorrow so that companies can prepare today. They often work out how much money insurance should cost or how much a company should save to cover future expenses.
      So both use a lot of math, data science leans heavily on modern tech and computer science, constantly evolving with new tools. Actuarial science is more about using maths to manage money and risks.
      I hope that helps a bit! They are quite closely linked.

    • @justkat6
      @justkat6 3 місяці тому +1

      Thanks a ton. It helps a lot❤❤

  • @KeorapetseEmily
    @KeorapetseEmily 2 місяці тому +1

    Hi can i be become an actuary with a maths and physics degree

  • @justkat6
    @justkat6 3 місяці тому +1

    Your next video should be about your journey in the english language😂😂😂😂

    • @musinsemooya
      @musinsemooya  3 місяці тому

      I'm so dead!🤣 Everyone seems so enamoured by my accent. I may not have been born in SA but I have lived here my whole life!

  • @nitesmasher7341
    @nitesmasher7341 Місяць тому +1

    Where did you do your VAC work

    • @musinsemooya
      @musinsemooya  Місяць тому

      I did it through AIM (Actuaries in the Making)

  • @charitydlodlo3945
    @charitydlodlo3945 3 місяці тому +1

    Heyy can i become an actuary with like an economics science degree

    • @musinsemooya
      @musinsemooya  3 місяці тому

      Yep. As long as you pass all the board exams you can become an actuary

  • @BalancinSoja
    @BalancinSoja 3 місяці тому

    Can an average mathematics student study actuarial science in the university???

    • @musinsemooya
      @musinsemooya  3 місяці тому

      @@BalancinSoja define average?

  • @tshegofatsosehume7686
    @tshegofatsosehume7686 3 місяці тому +1

    Did you graduate in record time?

  • @athenapedro2860
    @athenapedro2860 Місяць тому +1

    How can one contact you via email?

    • @musinsemooya
      @musinsemooya  Місяць тому

      Hi hi! I don’t typically give out my email because I’ll just be flooooded with questions. Is there anything in particular that you want to speak about? Is it personal?

  • @MiehleketoHlungwani-zm5zo
    @MiehleketoHlungwani-zm5zo 3 місяці тому +3

    Did you do Bcom or BBusc??