Looking into doing an Acturial Degree in College

alan4cult · 20-09-2007 8:10pm #1

I'm hoping to take a course in Actuary next year and I'm wondering, where should I go? The two courses I am considering are UCD and DCU:
UCD - DN020 Actuarial and Financial Studies
DCU - DC126 Financial & Acturial Mathematics

I'm basing my decision on two main areas:
1. Course Quality in General. (Which is more Comprehensive? Exemptions?)
2. Employer's Prefrence to Graduates. (UCD or DCU)

By the way, does anybody know in what year the DCU Acturial course was first started?

irish_boy90 · 21-09-2007 4:10pm

which one has the highest points?

carlowboy · 21-09-2007 4:19pm

I'm about to start in DCU and from what I heard in UCD, it sounds easier to get on well in DCU because they take attendances in lectures etc so it keeps you on your toes. I was talking to a few insurance companies too and apparently they've a fantastic relation with DCU. DCU students get more honours degrees statistically.

Corruptedmorals · 21-09-2007 11:01pm

Isn't it 560 in UCD..are you capable of that? Ask in the DCU and UCD forums, look up any course outlines on their websites, ask them to post out more information, ask at the open days. Then consider which of the colleges is easier to get to or eh you'd enjoy more. There's a huge difference in points I think..DCU one is relatively low.

jennyq · 21-09-2007 11:09pm

This year it was 490 in DCU & 555 in UCD. I'm also thinking of doing one of them, sort of inclining towards DCU at the moment on the basis that it's supposed to be a bit of a nightmare getting accomodation at UCD as you don't know until you get in whether you'll get a spot on campus or not. I'd be interested to hear any other comments about either course though!

carlowboy · 22-09-2007 11:12am

Getting information about it on UCD open day is a joke, they simply don't have any. That was my experience. Accomodation in DCU is easier as you're guaranteed a place on campus with over 500 points. DCU was 490 points but the average points is a good bit higher.

Thomas_S_Hunterson · 22-09-2007 11:16am

I just started AFS in UCD and I'm really enjoying it. From what they told us it offers the most exemptions (provided you do a good degree obviously). I think it'll be hard to find out from either college which one is better though as each will try and pimp their own wares.

From my understanding the course in UCD is a bit broader which is important to keep your options open and not be on a single track to one career.

jennyq wrote:

bit of a nightmare getting accomodation at UCD as you don't know until you get in whether you'll get a spot on campus or not.

I live in dublin so this wasn't an issue for me, but all the people in my class from outside of Dublin who applied for accomodation got it.

It may also be worth remembering that the offer accomodation preference to high-point students, but it is a bit ridiculous that you don't find out until so late.

carlowboy · 22-09-2007 11:30am

Sean_K wrote:

I just started AFS in UCD and I'm really enjoying it. From what they told us it offers the most exemptions (provided you do a good degree obviously). I think it'll be hard to find out from either college which one is better though as each will try and pimp their own wares.

From my understanding the course in UCD is a bit broader which is important to keep your options open and not be on a single track to one career.

I live in dublin so this wasn't an issue for me, but all the people in my class from outside of Dublin who applied for accomodation got it.

It may also be worth remembering that the offer accomodation preference to high-point students, but it is a bit ridiculous that you don't find out until so late.

Yeah, you're right about the colleges trying to pimp themselves but if you're from Leinster, its pretty unheard of to get accommodation in UCD as they use the commuting excuse. If you get 600 or so you're apparently guaranteed apparently.

Oh would you mind listing out the exemptions please, just as a point of comparison?

Thomas_S_Hunterson · 22-09-2007 12:26pm

Well AFAIK it's all of the Core technical Examinations and one of the Core Aplications. I don't have a list of the subjects, but I have a set of examinations from a few years back. As far as I know the system has changed since then but here's a list of the exam papers that I have.

101-Statistical Modelling
102-Financial Mathematics
103-Stochastic Modelling
104-Survival Models
105-Actuaral Maths 1
106-Actuarial Maths 2
107-Economics
108-Finance and Financial Reporting
109-Financial Economics
(the 100 series corresponds with the Core Technical Examinations of the new system, so these would be more or less the examptions.)

The rest of the exams were as follows:
201-Communications

301-Investment and Asset Managment
302-Life Insurance
303-General Insurance
304-Pensions and Other Benefits

401-UK Fellowship Investment
402-UK Fellowship Life Insurance
403-UK Fellowship General Insurance
404-UK Fellowship Pensions
(you only do one exam from the 400 series)

carlowboy · 22-09-2007 1:15pm

AFAIK, all of the core modules are offered in DCU too, but I'm not too sure.

The names of the modules aren't quite the same though. Here's a link if you're interested:
http://www.dcu.ie/registry/module_contents.php?function=4&programme=FM

Are they strict with attendances etc?

Thomas_S_Hunterson · 22-09-2007 2:26pm

In UCD no not at all, there's no attendance taken which is great because Economics is really a bit of a joke IMO so far any way, can't see myself bothering with all the lectures.

The only module where an atendance is actually taken for me is one of my electives, Algorithmic Problem Solving and even in that its jut for administrative reasons. There's no marks for attendance.

carlowboy · 22-09-2007 2:30pm

Yeah, that's the difference between UCD and DCU. They take attendance in DCU and I'm the type of person who can't really miss out on things as I'm not great on catching up. So I'm happy with the DCU method.

Economics looks a joke alright, especially having done in Leaving Cert. We've no tutorials though for it which is weird.

Thomas_S_Hunterson · 22-09-2007 2:45pm

You wont need them if my course is anything to go by. Everything we've covered so far (macroeconomics this semester) I've either known already or would've been able to work out, and I didn't do economics for LC.

Are assessments consist of a 25 question multiple choice mid-term test and a 50 question final multiple choice exam at christmas. Judging by the sample questions we've been given, I could sit the exams right now no bother at all.

carlowboy · 22-09-2007 3:01pm

Yeah, but the exemption exam could be tougher. Ours aren't multiple choice btw. Any idea where one could see them?

analyse this · 22-09-2007 3:38pm

Sean_K wrote:

In UCD no not at all, there's no attendance taken which is great because Economics is really a bit of a joke IMO so far any way, can't see myself bothering with all the lectures.

Lol yeah I have missed half my macroeconomics lectures so far! I'm doing commerce and chinese studies. Its a serious joke. And the lectures drives me crazy! I don't like those perky people, that early in the morning.

alan4cult · 22-09-2007 8:30pm

Sorry I was away for the last two days and couldn't reply.

irish_boy90 wrote:

which one has the highest points?

UCD at 555 MIN and 580 Average.

Corruptedmorals wrote:

Isn't it 560 in UCD..are you capable of that?

If it is worth the points, I'll get the points. I'm capable of gettting the A1 in Maths HL.

Corruptedmorals wrote:

Ask in the DCU and UCD forums

Why would I do that. I'm looking for unbiased advice here. Would you go into UCD and ask the actuary professor if DCU is better?

Corruptedmorals wrote:

Then consider which of the colleges is easier to get to

Both are in Dublin and I'm from Mayo.

jennyq wrote:

it's supposed to be a bit of a nightmare getting accomodation at UCD

Very valid point!

carlowboy wrote:

Getting information about it on UCD open day is a joke, they simply don't have any.

Talked to them at Higher Options and the info was pretty poor. Campus life seems great though.

Sean_K wrote:

each will try and pimp their own wares

Like I said above.

Thanks for the advice.

carlowboy · 23-09-2007 12:47am

To be honest, it depends on what type of person you are. If you're the type who will miss out on lectures or study due to laziness or whatever, go to DCU as they'll give you a kick up the arse.

alan4cult · 23-09-2007 10:46am

carlowboy wrote:

To be honest, it depends on what type of person you are. If you're the type who will miss out on lectures or study due to laziness or whatever, go to DCU as they'll give you a kick up the arse.

Post of the week!

carlowboy · 23-09-2007 11:18am

You being sarcastic? You that type?

Thomas_S_Hunterson · 23-09-2007 11:33am

alan4cult wrote:

Post of the week!

?

alan4cult wrote:

Like I said above.

? you sure you said that...

nrg411 · 23-09-2007 11:52am

what about the financial maths degree in UCG? Im thinkin bout doin that nxt yr. it sounds good and the points are really low so youre guaranteed a place nearly. is it much worse than the dublin ones or is it just not as popular but still good quality?

carlowboy · 23-09-2007 12:11pm

It's not an Actuarial degree. Only DCU and UCD do them.

nrg411 · 23-09-2007 12:30pm

carlowboy wrote:

It's not an Actuarial degree. Only DCU and UCD do them.

but u still get exemptions from ct1 ct3 and ct7 and you do economics so thats a big part of the exemption stuff too. they said at last years open day that threll be more exemptions in next few years too. but yeah not exactly a pure actuarial degree i suppose.

carlowboy · 23-09-2007 12:30pm

What are the maths requirements?

nrg411 · 23-09-2007 12:48pm

carlowboy wrote:

What are the maths requirements?

HC3 it says in the prospectus

carlowboy · 23-09-2007 12:59pm

HB3 for DCU and UCD. You'd need the B3 at the very least too. I guess you could do a post grad for it after doing that course though.

alan4cult · 23-09-2007 1:29pm

carlowboy wrote:

You being sarcastic? You that type?

Sean_k wrote:

?

No I'm fairly diligent, it's just the the post made my laugh!

Sean_k wrote:

? you sure you said that...

alan4cult wrote:

Why would I do that. I'm looking for unbiased advice here. Would you go into UCD and ask the actuary professor if DCU is better?

Maybe I didn't say it very directly but each college is going to promote itself.

alan4cult · 23-09-2007 1:31pm

nrg411 wrote:

what about the financial maths degree in UCG? Im thinkin bout doin that nxt yr. it sounds good and the points are really low so youre guaranteed a place nearly. is it much worse than the dublin ones or is it just not as popular but still good quality?

I was talking to UCG at Higher Options and they hadn't a clue, they just sent me away and fobbed me off telling me that I have to ring this guy to find the info. I didn't need to go all the way to Dublin to be told that. We have phones in Mayo too.

Corruptedmorals · 24-09-2007 12:00pm

I was talking about asking people in the UCD and DCU forums on boards. They're students, they don't have a vested interest in attracting you to the college and some of them probably do the degree..

carlowboy · 24-09-2007 3:31pm

Corruptedmorals wrote:

I was talking about asking people in the UCD and DCU forums on boards. They're students, they don't have a vested interest in attracting you to the college and some of them probably do the degree..

In fairness, they [we] would.

alan4cult · 24-09-2007 10:34pm

Corruptedmorals wrote:

I was talking about asking people in the UCD and DCU forums on boards. They're students, they don't have a vested interest in attracting you to the college and some of them probably do the degree..

Yes, I agree they are not college promoters but they still have chosen one college above the other. There are reasons for this and I'm trying to find these reasons out here. No UCD student is doing an actuary degree at DCU at the same as they're doing an actuary degree in UCD and vice versa. Therefore I would need to post in both UCD and DCU forums and compare the two threads whereas if I use the middleman (LC Forum sorry!) I can see both opinons on the same thread and not biased toward a particular college. Also, if I were to talk to a student from a college I would prefer to talk in person.

bafs4 · 28-03-2008 1:43pm

Do actuary in Ucd if you can manage the points there are many different reasons
why.........but I will explain with the aid of carlowboys points of information because they
are vital in my explanation.....

1.They take attendances in dcu....Do you really want to attend
bull**it lectures on a hangover every morning
...NO YOU DON'T but due to them being retards they have to
and hopefully your lucky enough not to be one.
Take my advice study the notes,it's much easier.

2.Fantastic relationships with insurance companies.....I'm sure
you were talking to the recruitment people at those companies,as
if they are gonna hire a dcu person over a ucd person((be realistic))
Just to inform you as you may not realise this, as you are in Dcu
......actuaries are also employed in assurance,reinsurance,consultancy,
pensions,investment banking,,,Also the i-banks only rate ucd and trinity grads
as dcu's reputation is the equivalent to an IT to them(no offence).........So the great
relationships load of rubbish

3.Dcu grads get more honours degrees statistically.....You study actuary ie.
statistics: two points here should prove this wrong
(a) dcu grads get higher points in the leaving cert???(sarcasm in
case you dont get the whole sarcasm thing) When you learn about correlation
learn about the correlation between leaving cert results and the level of your degree!!!
(b)more people do actuary in dcu 60 approx where as around 40 do it in ucd....so do
a percentage on how many get honours degrees not numbers
....hopefully that great dcu course has taught you about proportions...
i've researched this so proportionally Ucd grads get more honours degrees and 1:1s
and this would make sense as they get higher points.
A pass degree in ucd is probably better than an honours in DCU.

4.Ucd has a bad open day....Does have any reflection on the course??
NO.....It doesnt need a good open day
enough people apply unlike Dcu which begs people to come(No offence again)

5.Accomodation wait two weeks and everybody gets it...above 590 and
your guarunteed...in dcu apparently its above 500 as thats rare.
Again highlighting why ucd is better.

6.Obviously if the requirement points is 490 the average will be
higher as 490 is the lowest....statistics wizard this guy....ucd average 580 dcu 535...proportionally
the average points are higher in ucd(((sorry but I hate having to correct you on everything)))

7. If economics is such a joke why do you need to attend lectures??????Stop contradicting yourself...

8.Your not great at catching up....again a trait of Dcu grads....

9.Carlowboy states his exemption exam could be tougher "If you believe this you are obviously very smart for picking dcu"

10. Point of information about the exemptions.....There is not an exact mark for an exemption the faculty decide the mark pending the difficulty
of the exam...note it is an outside body that give exemptions not the college, so the college have nothing to do with granting exemptions..
This would mean the exemptions exams regardless of mcq or written on average would be equal in difficulty...Dcu obviously inform there students well.
I also heard only ten got the economics exemption in Dcu out 60 approx last year only 3 missed it in ucd out 35...statisically who gets more
exemptions this time.....guess what is carlowboy a statistically very easy question for you, because you logic works regarless...

11.If your lazy go to dcu....Not true made 10 lectures in first year in ucd and got all A's.
You should change that to if your stupid go to dcu if your smart and wanna have a social life go to ucd...

I have one question I want you to answer "What was first on you Cao????" Sorry but your trying to justify why Dcu is better
so I felt the need to correct you on some ridiculous statements you made. I hope when you graduate and when you reporting your information will be more accurate
because some of your posts are laughable.For the person who set up this thread im sure you understand the difference between ucd and dcu now.

cartman444 · 28-03-2008 2:38pm

haha u make me laugh.......as if UCD is better than DCU!!!! stop talkin b***s***!!!!!!!:rolleyes::D

bafs4 · 28-03-2008 2:53pm

Sorry I forgot to mention that ucd students also get paid more on work experience, check the if you want as well carlowboy.......sorry cartman unlucky with not getting the points for ucd.....again read all the above points you thick c***

jennyq · 28-03-2008 3:34pm

Can someone shed any more light on the truth of all the anti-DCU stuff? It would be interesting to get a contrasting viewpoint. I can't really judge as I'm only doing LC this year myself but does the whole "UCD is better than DCU" thing have any basis in truth at all or is it all just snobbery? In all likelihood I could get the points for either, but right now DCU is appealing to me a bit more & I don't see any point in only going for UCD because of the higher points. It would be the equivalent of putting down Medicine so you don't "waste the points" even if you have no real interest.

Also, not sure how relevant it is but in response to the thing about relationships with insurance companies, at the DCU open day we were told that companies were contacting them looking for work experience students but the demand was greater than the number of students, so I guess their relationships must not be too bad. Also from what I hear if you do well for work experience you'd have a fairly good chance of being offered a job in the same place when you're finished, but that probably goes for grads from either course.

regob · 28-03-2008 4:29pm

jennyq wrote: »

Can someone shed any more light on the truth of all the anti-DCU stuff? It would be interesting to get a contrasting viewpoint. I can't really judge as I'm only doing LC this year myself but does the whole "UCD is better than DCU" thing have any basis in truth at all or is it all just snobbery? In all likelihood I could get the points for either, but right now DCU is appealing to me a bit more & I don't see any point in only going for UCD because of the higher points. It would be the equivalent of putting down Medicine so you don't "waste the points" even if you have no real interest.

Also, not sure how relevant it is but in response to the thing about relationships with insurance companies, at the DCU open day we were told that companies were contacting them looking for work experience students but the demand was greater than the number of students, so I guess their relationships must not be too bad. Also from what I hear if you do well for work experience you'd have a fairly good chance of being offered a job in the same place when you're finished, but that probably goes for grads from either course.

i personally feel its to wit snobbery as well, go to where ever you think you will be happier in, dont go just because of points

ZorbaTehZ · 28-03-2008 4:46pm

bafs4 wrote: »

1.They take attendances in dcu....Do you really want to attend
bull**it lectures on a hangover every morning
...NO YOU DON'T but due to them being retards they have to
and hopefully your lucky enough not to be one.

bafs4 wrote: »

Also the i-banks only rate ucd and trinity grads
as dcu's reputation is the equivalent to an IT to them(no offence)

bafs4 wrote: »

A pass degree in ucd is probably better than an honours in DCU.

bafs4 wrote: »

It doesnt need a good open day
enough people apply unlike Dcu which begs people to come(No offence again)

bafs4 wrote: »

in dcu apparently its above 500 as thats rare.
Again highlighting why ucd is better.

bafs4 wrote: »

8.Your not great at catching up....again a trait of Dcu grads....

bafs4 wrote: »

You should change that to if your stupid go to dcu if your smart and wanna have a social life go to ucd...

Its retards like you that give UCD a bad name. Reported, and I hope you get a ban.

cartman444 · 28-03-2008 6:16pm

bafs4 wrote: »

Sorry I forgot to mention that ucd students also get paid more on work experience, check the if you want as well carlowboy.......sorry cartman unlucky with not getting the points for ucd.....again read all the above points you thick c***

if i got 600 points i wouldnt go to UCD!!! especially with people like you there you know why!!!!! checkmate......:D.

P.S you and UCD need to get a room!

JackKelly · 28-03-2008 6:26pm

bafs4 wrote: »

Sorry I forgot to mention that ucd students also get paid more on work experience, check the if you want as well carlowboy.......sorry cartman unlucky with not getting the points for ucd.....again read all the above points you thick c***

banned.

Yuugib · 29-03-2008 8:02pm

What about the actual exams for the actuary career? I heard that in UCD you do 8 of them during the 4 years and the rest outside, out of about 15.

Whats the case in DCU then?

jennyq · 30-03-2008 12:12am

Yuugib wrote: »

What about the actual exams for the actuary career? I heard that in UCD you do 8 of them during the 4 years and the rest outside, out of about 15.

Whats the case in DCU then?

There are exemptions offered for the same exams as far as I know but I don't know if the standard you have to meet in your college exams is the same or different.

Looking into doing an Acturial Degree in College

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