ASK Is Actuarial Science a marketable course? From Chuka University.

My brother chose Actuarial science as his first choice and luckily got an invitation to Chuka university.
But people have started to discourage him that there are not enough jobs in the market for such a degree. I would not want him to tarmac like me with my sociology degree. What course can he opt for? If it is true that Actuarial science has no jobs in the market.
 
Same to my brother, being convinced that economics and statistics are not marketable.
 

Gladys Warika

New Comrade
In a world becoming more aware of risks and legal requirements now forcing institutions to manage their risks...this is possed to be the next big opportunity in employment...go for it.
 

Julia Ngubia N

Senior Comrade
If you ask me, all degrees in Kenya are marketless. you see stikes have been the order of the day, from nurses, teachers even doctors. That should tell you the state of affairs currently in the country. What I can advise any youth out there is to study a skill-based course, where you will not rely only on formal employment, otherwise, study what you desire but be VERY open-minded when tarmacking for a job.
 

Koech Mercy K

New Comrade
I don't think it really matters. I took the course. Many of my friends did. And very few of them are working in an actuarial related industry. Hii Kenya it's what you take out of the university, not the course you take.
 
Other than Medicine and Education there is no degree with a clear path to employment in Kenya.
Actuarial Science is a great course because it's relatively unique. However, whoever he is he has to approach education with an open mind knowing that unless he injects passion and diversity upon graduating that paper will remain just that - paper! Another degree.
 
If you didn't learn anything about careers and the future of jobs from COVID-19, you never will. There is nothing like a marketable course. We have relevant skills and that has nothing to do with the degree you study. You can study history and still master complex analytical and digital skills.
 
Actuarial science atafanya mahesabu refurefu na haina faida kubwa. Wouldn't advise anyone on actuarial science. Better sasa BCOM or else education
 

EmmaS

New Comrade
The biggest fan of the Actuarial course is the insurance industry.
There are less than 50 of them.and they prefer those who have done or are at an advanced stage of completing the actuarial papers from the UK. Those papers are difficult and expensive.decide from there.
 

Fatma H

New Comrade
Actuarial combined with international Professional Diploma in Risk is very marketable and pays big bucks internationally. It’s like a Bachelor majoring in Accounting combined with ACCA/CFA/ CPA makes your career more marketable. A Bachelor in Actuarial by itself is no longer marketable.
 

Eustance Gacanja

New Comrade
The Kenyan formal Job market has only opportunities for nurses, doctors, and teachers. The situation is going to remain like that for the next 50 years. Hii ingine yote ni pata potea tu. Mark you, it is not the other courses are "bad"; the Kenyan market is not yet ripe for their application/absorption. But we shall get there with time.
 

SHEILA Munyao

New Comrade
The Kenyan formal Job market has only opportunities for nurses, doctors, and teachers. The situation is going to remain like that for the next 50 years. Hii ingine yote ni pata potea tu. Mark you, it is not the other courses are "bad"; the Kenyan market is not yet ripe for their application/absorption. But we shall get there on time.
It's better to go and train in Mobile Phone Repair for less than 3 months at a cost of 20-50K and earn a living from it than pursue a career in Criminology/Public relations/Biochemistry etc for 4 years, and "tarmac " for more than 15 years before finding meaningful employment.
Mark you, it is not the courses are "bad"; but they have no market in Sub-Saharan Africa.
 

Rahab Wegesa

New Comrade
My advice is this: Let those kids go to school and in between lessons and in their free time come up with ideas of survival. These days we don't send them to school to get a degree and wait for employment. There are numerous opportunities to develop in. If they get good employment opportunities the better. I think we now know from experiences that a degree doesn't guarantee a job opportunity.
 

Mdoe Athman

New Comrade
There are no jobs guarantee for any course. I advise students to study what they like, but be versatile to work in most other fields. What looks marketable today might not be in 4 or 5 years from now. Its easier to tarmac with a degree that you enjoyed studying for at least.
 

Silas Jelagat

New Comrade
If at all he has to take the course, as a family, you should be prepared to pay for at least 3 actuarial professional papers by the time he leaves campus. If not, let him take an education course. Professional papers are not easy bro. Even for those who got clean As, many at one point fail several papers..
 

Dalton Ongecha

New Comrade
Jobs are a rare commodity nowadays. Employers have shifted on their hiring criteria. An engineering graduate works in a bank nowadays. All you need is a good background education. Do not discourage him from pursuing the course if he has a passion for it. I did it myself and got my first job in two months after graduation.
 

McKenzi Owino

New Comrade
I would rather have my kid join KMTC/polytechnics for a good Diploma course than a useless university degree course.
 

Emmy Lumbasi

New Comrade
It is not all doom and gloom. Beyond the Bachelors degree, he should focus on acing a number of the Actuarial professional exams. He should strive to have about 5 to 6 papers by the time he is graduating. Besides he can take local professional qualifications such as CIFA by Kasneb or a Diploma in Insurance.
 

Naomi Ng'eno

New Comrade
Studying so that you can be employed is totally wrong but studying to change the world is right. Right now the world has opportunities for skills and not merely the papers that you acquire. You can be graduate and not having the skills needed owing to the rampantness and wasteful nature of the Kenya system of education.

Study anything but look for skills that are deemed to fit the society right now i.e programming, data science, and other relevant skills. If you choose a career because it pays well, you will end up frustrated. It is not must you get employed by the government or any other parastatal to survive, you too can create opportunities for other people
 
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