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

[Allan Odinga]

The truth that selfish people won't tell u is that, as of now, not unless u study nursing, MBCHB or education, all the other courses are not marketable and if you do not have a tall relative (someone who can help you to secure a job ) in either public or private sector you might find it very difficult to secure meaningful employment. I'm a victim of this.

 

[Elvis Raila]

The truth that selfish people won't tell u is that, as of now, not unless u study nursing, MBCHB or education, all the other courses are not marketable and if you do not have a tall relative (someone who can help you to secure a job ) in either public or private sector you might find it very difficult to secure meaningful employment. I'm a victim of this.

This is absolutely wrong...it is a perception.I know so. Many people who have done a certain course but got openings in other management jobs...It is the ability to be open-minded and constantly reinventing yourself that make one survive in the job market.

 

[Ruto kipsang]

I advise him to Change. I am in Chuka and for your information, this course was introduced like 2 years ago in our institution. The very first students are now in the 2nd year. Most lecturers in the department were against the course but how the University went ahead to issue it is still a misery to me. However, you should also note that some of these courses are only propagated by departmental heads for their own selfish interest.

Some will never want a given course to be scraped off since their salary depends on that. Most Actuarial science graduates seek jobs mostly in insurance Industries but remember those who have done insurance will be given the first priority since Actuarist form a very small sector in the Insurance industry. A whole insurance company may require just one actuarial scientist as opposed to many underwriters, claim officers, and marketers.

 

[Jontez Kaluki]

Actuarial scientists are needed esp in a country with leading financial and insurance sectors. Our banking industry is sadly consolidating as insurance penetration has stagnated for years over the masses apathy. However, in leading cities in finance like Newyork, Hongkong, London, Tokyo, and

Singapore there are many opportunities esp if you land in leading banks like JP Morgan, Bank of America, UBS, and Credit Suisse just to name but a few. In short, opportunities abound for this course but position yourself well. You can pursue a bachelor's in Kenya and get a master's abroad in universities respected in finance.

 

[Lucy Kigen]

Of course, there are no jobs in the market for actuarial, that is if he is planning to become an actuary. Most actuaries are normally required in Insurance companies. Assuming each insurance company needs just 4 of them. How many insurance companies do we have in Kenya? How many actuaries graduate every year?

Assuming the positions in every insurance company are all occupied and those employees are in their thirties, so no retiring soon unless they leave for business. That tells you if you happen to get a job to work in that field you'll be very lucky. Unless he is ready to work in any other field not just actuarial.

 

[Arif Kimani]

Of course, there are no jobs in the market for actuarial, that is if he is planning to become an actuary. Most actuaries are normally required in Insurance companies. Assuming each insurance company needs just 4 of them. How many insurance companies do we have in Kenya? How many actuaries graduate every year?

Assuming the positions in every insurance company are all occupied and those employees are in their thirties, so no retiring soon unless they leave for business. That tells you if you happen to get a job to work in that field you'll be very lucky. Unless he is ready to work in any other field not just actuarial.

Doing an Actuarial Science degree DOESN'T makes you an Actuary. You have to follow it up with a series of professional exams administered by international bodies.

I'd say that most Actuarial Science graduates don't pursue these exams because of the forbidding cost and lack of interest in becoming Actuaries.

And that means the Actuary profession is not as saturated as you're implying.

 

[Lucy Kigen]

Doing an Actuarial Science degree DOESN'T makes you an Actuary. You have to follow it up with a series of professional exams administered by international bodies.

I'd say that most Actuarial Science graduates don't pursue these exams because of the forbidding cost and lack of interest in becoming Actuaries.

And that means the Actuary profession is not as saturated as you're implying.

I know that....even if they pursue the papers who employ them? The only or most employers are insurance companies. Assume all the positions are taken since every insurance company needs like 4 actuaries...and I have asked how many insurance companies are in Kenya...

 

[Tina Oluthe]

What does he want to do as a career? That should be the driving factor. Not what course is marketable. Doing courses that people think are marketable is the reason so many people tarmac. Know what you want to do then take whatever course is relevant. I can't stress enough how important it is to know what you want to do.

 

[Ramsey Bengal]

He should do what he loves. I wanted to do Telecoms, then parents pressurized me to do these useless business courses. Look at me now never got any job offers at all. I went back to Kenya poly did my 2year course related to Telecoms and I got a kind of job I have passion in though salary sio kubwa vile but I wasted my 8years bure because of parents' choice. Let this boy choose his passion not just a university degree

 

[Maina Jinx]

Last year there was a case study in one of the TV stations of a gentleman who got A did the course got first-class; failed to secure job ended up sleeping in the streets; though maishani ni bahati ya MTU inategemea; some do courses we think are useless but end up with well-paying jobs

 

[Loice Mwende]

Do actuarial science as your first degree, then do a masters in financial engineering. You will be minting money boss. And actuarial scientists are involved in deriving hedge funds, mutual funds, and other financial derivatives

 

[Lucy Waari]

The banking, insurance, and other financial sectors corporates are the main employers of actuaries. I know there's an international certification for actuaries. Not sure what it's called but it will be a big plus for them. Research on those lines. Let him go for it if he's passionate about it. Look for actuaries to mentor them

 

[John Ndege]

Hehehhe. There are no jobs in every field in Kenya, Literally! Unless you know someone who knows someone . You can study business management and end up working as a butcher or personal assistant. Let him pursue his heart's desires. He shall be alright

 

[Koech Joseph]

You don't go to university to learn how to be a professional you go to learn how to reason that the biggest lesson of the university you might have a whatever degree but if you do not know how to use it you will starve. The degree is used to open doors for you it's not a ticket to riches. Riches will come with what you do with it after you get it.
Aende afanye degree yake and let him do his part.

 

[Kahiga Kariuki]

Actuarial science will not escape the tidal wave of Big Data that is currently sweeping over the land. But in this case, the change will mean more accurate predictions based on real-time data, better and faster analysis of risk, much more personalized service, and the automation of the more mundane side of actuary work. My point is just to tell him to be good at what he does, passion. It's never about the money.

 

[Eunice Kamara]

Yes, it's true, most of the actuarial scientist jobs have been automated by software/systems. A recent visit to the jubilee insurance company, I realized a job that needed more than 10 actuarial scientists are now done by a system/software, and only one scientist is needed to ensure a smooth flow.

Just let him follow his heart(passion). But for me, I can recommend a technical course such as Computer Science(that's my background) or Engineering. Tell him to do Computer Science with Mathematics then Major In Artificial Intelligence, Machine Learning, and Deep Learning. This is where the future is heading. He can as well top that with Quantum Computing.

To add on this, just take a glance at how censors were done last year and compare them with how it was done back in 2009. Just visualize the number of Statisticians that were declared jobless by the system/software.

 

[Kivuva Sheldon]

So Chuka University Kuna course ya actuarial science? I'm studying there na sijawaisikia mtu anaifanya..inaeza kua imeanza though.

 

[Mwandikwa Alex]

Actuarial science is a good course. And it pays a good cash ukipata job. But the degree only can never give you a job. You've to do the professional papers which are very expensive, and equally very hard papers. They are about 15 papers(not very sure) and the higher you do them, the more expensive they become.

I guess the first paper you pay around 15k and for you to get a job, you'll be required to have done up-to level 5. So if the guy really loves maths, has enough cash and passion to study for those exams, let him go ahead.

 

[Kisilu James]

Actuarial science is a good course. And it pays a good cash ukipata job. But the degree only can never give you a job. You've to do the professional papers which are very expensive, and equally very hard papers. They are about 15 papers(not very sure) and the higher you do them, the more expensive they become.

I guess the first paper you pay around 15k and for you to get a job, you'll be required to have done up-to level 5. So if the guy really loves maths, has enough cash and passion to study for those exams, let him go ahead.

But if you do the papers and complete them all, the jobs you get are worth it.

 

[Mwandikwa Alex]

But if you do the papers and complete them all, the jobs you get are worth it.

Exactly. But ukigraduate na hio degree solo, you'll never get any job. My siz did the same course in UoN and she got a job in less than a year after graduation. Starting salary ya 130k. It's a good course ukifanya the CT papers. I would advise the poster to encourage the young man to do the course, afanye papers and he'll get a job.