Disappointed Actuary

Student Actuary yang berjaya lulus kesemua exam actuary akan diiktiraf sebagai Appointed Actuary a.k.a Aktuary yang bertauliah. Manakala mana2 student Actuary yg tidak lulus atau memang tak pernah sit for any papers called 'Disappointed Actuary' a.k.a Actuary yang tidak bertauliah or failed to meet requirement to be an Actuary. Tapi adalah lebih tepat dikatakan Actuary yang kecewa..haha..sebenarnya istilah ni tak wujud pon, saje je aku nak bagi gelaran kepada diri sendiri yang gagal menjadi actuary ni..huhu...

Jadi, ke mana arah tujunya bagi disappointed actuary ni?? Jangan la sedih dan risau sangat. Bumi Allah ni sangat luas untuk kita mencari rezeki even tak dapat jadi actuary. Sebenarnya masih banyak peluang kerja yang ada untuk graduan2 actuary ni... Bukan hanya student actuary, malah student math or statistic pun berpeluang cerah untuk mendapatkan kerja sebaik sahaja tamat belajar...

Entry kali ni sebenarnya nak menjawab soalan2 yg diajukan oleh reader blog aku nih.. dah banyak soalan yang dikumpul dan ditangguh2 untuk aku menjawabnya. Baru sekarang ada rasa rajin sikit untuk menjawabnya.. ceewah..macam career consultant plak aku nih...

Di sini aku nak share pengalaman dan pengetahuan yang aku ada berdasarkan soalan yang diajukan..

1. Q : Kalau nak diiktiraf jadi aktuari kena lulus at least 4 professional paper ke?

    A : Bukan hanya 4 paper, tapi ada 8 papers semuanya untuk first stage. Lepas tu ada lagi beberapa paper     yang lebih spesifik iaitu untuk sape2 yang nak jadi fellow. Fellow nih merupakan actuary yang lagi hebat daripada Appointed Actuary. Kat Malaysia nih boleh bilang ngan jari je insan2 yang jadi fellow. Dan FYI gaji fellow nih boleh cecah 5-6 angka sebulan!

2.  Q : Paper ni kena ambil bile? waktu belajar ke after tamat degree?

    A : Boleh ambik bila2 masa jer. Tapi aku suggest ambik la masa tengah belaja degree tuh. Kalau baru nak ambik masa tengah kerja memang takde masa sangat untuk study. Maklumla kalau dah kerja tu, hujung minggu je la ada masa free. Tu pon nak rehat je. Pastu kalau dah keje rasa tersangat malas dah nak buka buku..aku ler tu..hehe....lagipun, kalau amik masa tengah belajar, boleh dapat diskaun, kalau untuk 1stpaper tuh harga asal RM800, boleh la dapat dalam RM500++.

3.  Q : Keje ni busy tak? Maknanye kite still ade mse untuk family bile dah keje @ berkeluarga (sori fikir jauh ni)

    A : Aku pon fikir camtu gak ler...tapi in reality, mana2 keje pon busy especially keje makan gaji.. Kalau keje tak busy, duit pon tak busy nak masuk tiap2 bulan. Ye dop??hehe... Kesimpulannya, kalau waktu kerja kul8.30 hingga 5.30pm, tapi balik rumah kul9 malam itu biasa. So, fikir lah baik2 before amik keputusan nak keje dalam ofis... tapi sementara masih single mingle ni la kita keje kuat, lps dah berkeluarga dah boleh slow2 mitak keje kerajaan ke cikgu ke atau suri rumah sepenuh masa...hehe

4. Q : Kalau dari asasi sc fizik still bole apply untuk degree kan? kena dpt pointer 3.8 above ke bru bole apply actuary kat ukm?

   A : Takde masalah..aku dulu pon amik sains Fizik gak kat matrik... syarat minimum pointer tu memang 3.8+/- je, tapi ramai orang nak apply kt UKM. Masa zaman aku dulu paling rendah pointer 3.9. Junior lepas tu sume pointer 4.0.. so, better target 4.0 untuk berada di zon selesa, baru tak payah risau dapat ke tak..huhu..

5. Q : Boleh keje ngan tabung haji tak?

   A : Boleh je... bukan takat tabung haji, semua institusi kewangan boleh masuk.. insurans, bank, jabatan kaji cuaca, jabatan statistic, KWSP dll especially company yang ada department yang melibatkan kira2, analysis, dan ramalan. Cth : Risk Management Department. PETRONAS dan SHELL pon boleh masuk jugak...

6. Q : Akak keje kat mane sekarang?

  A : Uish, yang ni sensitip.... cukup lah tau aku nih keje dalam sebuah international Islamic banking company...gaji nak tau jugak??? Boleh la cukup makan and bagi kat parent sikit2.. 

7.  Q : Apa beza sains kuantitatif dengan sains aktuari? 

    A : Actually actuarial sc adlh salah satu cabang sc kuantitatif..under quantitative sc ad byk lg course lain spt pure math, statistik dan lain2 yg brkenaan dgn math lah...Mana lg better? depend la..klu nk fokus kpd 1 bidang je, better amik actuarial sc, tp klu nk belajar byk tp xmendalam amik la quantitative sc..

8.  Q : Mana lagi better antara Akaun atau Sains Aktuari?

   A : Yang mana lagi better tu byk bergantung kepada minat dan skill individu... cuma yang aku nak tekankan kat sini, akaun dan aktuari adalah satu bidang yang sangat berbeza...ala..macam matematik dengan akaun, beza kan?? ha, camtu lah jugak sebab actuarial sc merupakan aplication of math... cuma actuarial sc sangat memerlukan seseorang yang power dan minat yang mendalam dalam penguasaan microsoft excel.

9.  Q : Mana lebih baik utk saya amik, diploma or matrik sblm ke degree in actuarial science?
     A : Of course la pergi matrik dulu lagi baik sbb boleh save masa..kat matrik setahun then terus sambung degree, 4 tahun je... kalau amik diploma dulu dah amik masa 3 tahun then baru further degree lagi 3tahun... jadi 6 tahun..

Fuuhh....panjang giler huraian.. maklumat lain mengenai actuarial sc boleh pergi ke entry sebelum ni, boleh klick kat sini... ada soalan lagi?? Silalah tinggalkan persoanalan anda di bahagian komen kat bawah ni..InsyaAllah segala persoalan akan dijawab dengan sejujurnya....wallahua'lam..

Last Day at UKM

Berakhirnya zaman bergelar degree student.. now, move to another phase, as an employee.. hmm, cepatnya masa berlalu, terasa baru semalam mnjejakkan kaki ke perbukitan ilmu UKM, tp hari ni adalah last day aku kat sini.. sudah tiba saat utk aku meninggalkan segalanya di sini..

Sedih ke? ntahla.. aku xpasti apa perasaan sebenar aku saat ini.. nk kata sedih, sedih utk ape? nk kata gembira pn, ada la ckit sbb terasa begitu merdeka slps tamat viva, setel tesis, habis exam.. tunggu utk konvo jer awl bulan 8 ni.. 

Cuma aku rasa aku nk bina hidup baru lps ni.. esok akan bermula segalanya, aku akan mula kerja.. aku niat betol2 utk bekerja dgn brsungguh2, aku tak nak ada affair dgn sape2 kt ofis nanti, aku tak nak terlibat dgn apa2 mslh lain lebih2 lg soal hati.. cukuplah aku bermain dgn hati, terasa tidak sanggup lg mghadapinya utk kali yg seterusnya.. dh tiba masanya aku membalut dan membawa hati aku.. 

Bergelar pekerja, aku harus berubah, aku harus berdikari, harus pandai defend diri sndri, tak perlu aku harapkan org lain utk back up aku lg.. aku bukan student lg.. manusia sekeliling mungkin memaafkan kesilapan seorang pelajar kerana masih berada dlm proses pembelajaran, namun lps ni agk mustahil lg semua 2.. 

3tahun berada di UKM.. mcm2 perkara dilalui, mcm2 rasa.. suka duka, pahit maung semua ada.. terasa agak sayu utk meninggalkan semua tu.. persatuan, PERDANA, fakulti, kolej, dan bilik kesayangan yg luas lg selesa.. 

Sayu juga aku nk tinggalkan tpt2 yg aku selalu lepak.. ptsl - tpt aku mncari ketenangan, mencari mood utk stdy. stadium - tpt aku selalu jogging ngn kwn2, juga trdapat kenangan istimewa di situ.. court badminton sebelah blok - tpt aku selalu main bdminton ngn tat.. tasik kejut - tpt yg aku suka jln2, kdg2 jogging situ, juga shoot pemndangan senja yg indah.. bilik PERDANA - tpt brkumpul dgn shbt2 PERDANA, rindu juga dgn meeting PERDANA yg kdg2 smpai pkul2 pagi baru hbs.. semua tu hanya akn mnjadi kenangan.... 

hmm, tamo aku feeling lebih2x.. sbnrnya entry ni adlh entry pghargaan dan juga permohonan maaf, 

kepada sahabat2 coursemate.. tat, sufina, fifi, sarah, erina, wani dll..juga geng2x coursemate laki.. xlarat weh aku nk sebut sume..aku mtk maaf byk2 seandainya korang banyak terasa hati ngn aku yg tak berperasaan nih, terima kasih di ats bantuan dan sokongan korang selama nih.. sejak akhir2 nih baru aku rasa wujudnya ikatan ukhwah antara kita.. sebelum ni kita semua jrg sgt nk brkumpul2, brgurau senda, lepak2.. tp dkt last2 nih barulah kita semua unite cikit.. baguslah perubahan tu, tp buat kita sedih pulak kan nk berpisah.. kalau tak unite tu xde la sedih sgt nk brpisah.. 

seterusnya kepada sahabat2 PERDANA.. fifah, kak nora, kak ainun, kak fizah, anah, apih, asrul, anuar abg mi dll. seriously, aku tak pernah rasa ukhwah yg begitu hebat sesama shbt sehingga aku masuk ke dalam kamuniti PERDANA. terima kasih ats kasih syg yg dicurahkan.. maaf juga di ats salah silap, terkasar bahasa.. maklumlah, dlm organisasi, selisih pendapat dan sedikit tidak puas hati adalah perkara biasa..semoga dihapuskn perasaan tu sume slps nih..

tidak lupa juga kpd mantan2 PERDANA yg byk membantu aku selama setahun aku dlm PERDANA, special tribute to Che Ahmad, kak Azie, kak dayah dll.. maaf andai terdpt salah silap, halalkan makan minum terlebih terkurang.. jasa anda semua aku ingat sampai akhir hayat.. maaf kerana selalu menyusahkan korang..

sebesar2 terima kasih juga buat pensyarah2, ketua program Dr Is, mentor aku Dr Saiful Hafizah, supervisor aku Dr Zaidi, dan lecturer2 lain Puan Noriza, Cik Rafidah, Prof Malek yg byk bg input kt aku dll... terima kasih di ats jasa kalian dlm mencurahkan ilmu dan juga dorongan kalian.. aku cukup mghargainya.. 

dan akhir skali special tribute to my bestfren.. tat, sufina, syikin, fifah, ama, fiza, aisyah, shina dll.. koranglah yg byk mmberi semangat kt aku di kala aku down tak terbangun, di kala aku kesedihan dan rasa loser.. sesungguhnya jasa korang amat2 aku hargai.. tak tahu aku nk balas mcmmana.. harapan aku semoga ukhwah kita berkekalan hingga ke akhir hayat..insyaAllah.. 

oklah, sbg penutup entry.. wish good luck to u all, selamat menempuhi alam pekerjaan.. selamat menempuhi fasa baru dlm hidup.. semoga kita jumpa lg di lain masa...insyaAllah..

"Ku tangisi pemergian mentari di senja hari, 
namun ku bersyukur dengan kehadiran kerlipan bintang-bintang di malam hari.."

The Cruelest Exam!!!!!!!

Hohoho..... pertama kali dalam hidup rasa terlalu seronok jawab soalan exam yg terlalu kejam!!! buktinya, mcm2 status bdk2 actuary post kt FB.. antaranya, 

"nearly choke to death in the exam hall" - Malyanah, 

"EXAM TEORI RISIKO SSH GIILLEE OK??!" - Sarah, 

"sy rs nk "smbung blajar" lpas jwab xm td...:(" - Tarmiza, 

"MMG SUWEI BTOL LAA....benci.!!" - Azidah, 

"tak nak blajar dah wey..aduh..frust2" - Syafiq, 

"nk trjun tangga ibu zain aku rs" - Tarmiza, 

"bleh grad ke x ni? hadui, xtau la beb. frust mnonggeng la gni. xbest btol ending camni.haih" - Shafique,

"yg plg ak geram 2 teori kemusnahan 2 msk secubit jer ~ nk musnah otakku study bab 2, msk ckit gler!" - Fiza,

"dapat gard pum da rasa syukur lepas jawab exam td.." - Sufina

aku?? rileks sudaa.. slumber je aku tanya pd diri sndiri, "agak2 aku pass tak exam td?" huh! tipu la kalau aku boleh cool lg dgn soalan exam camtuh! akhirnya terpaksa kuakui kata2 Syafiq, "teori risiko model kemusnahan pointer!!!" rasa nk jerit kuat2x.. aaaarrrrgghhhhhhhhhhhhhh..............

kenapa aku kata exam yg terlalu kejam?? sbbnya soalan mudah giler, tp aku still xboleh jawab.. sebabnya tak hafal formula taburan PARETO!!! kenapa la dlm banyak2 taburan lain, ada taburan Gamma, Poisson, Exponent, Negative Binomial, Geometric, Normal, Uniform bla bla bla... tapi yg keluarnya taburan Pareto yg SANGAT4x jarang digunakan itu!!! dua soalan pulak tuh yg kedua-duanya guna taburan Pareto.. kalau formula taburan itu dihafal, gerenti boleh fullmark hampir 30marks!!! 

lagi 1 fakta kekejaman exam risk theory, bab Model Kemusnahan yg aku master sgt2x tuh keluar ckt giler, just worth for 10marks!!! dan part Pekali Pelarasan yg lebih master and banyak ditekankan dalam kelas langsung tak keluar dlm exam!!!! hoho.. terlalu kejam!!!!

Dah Hampir...

almost 3 weeks had been waiting... within tht period, many things have been done. let's check it out!!

1. Balik kampong

Date : 3-7th April 2010

Venue : Dabong, Kelate

there was great time gathered with my family especially my beloved mom n dad ( ma & abah ). besides, as usual.. melantak makan buah salak madu!!!! puas2 hati mkn salak kali nih.. biasa x banyak yg masak.. tp time aku balik tuh, byk la plak yg masak, dah la time tuh xde org sgt kt umah.. ape lg, melantak la puas2..hehe.. tp maaf la kt kwn2, aku bwk ckt je dtg cni, hnya insan bertuah je yg sempat merasa.. yg lain2 jgn kecik ati ea, nah, aku bg kt korang!!!!

sedap wooo....

masa 2 jugak, byk la durian, rambutan, manggis, mangga, jambu, dokong, langsat, bla bla bla tgh masak ranum.. eh, belom lg, tgh berbunga dan berputik.. around bln 8 ni kot bru msk... 6t jemput2 la sape yg nk dtg kt umah aku melantak mkn buah2an 2 sume..

2. Tautan Kasih Exco PERDANA 08/09

Date : 9th April 2010

Venue : Pork Dickson, N9

I thought there was a great event since all of us as Exco PERDANA so long never meet each others.. but it look just 10 persons join it.. huh, tak syok ah!! yeke tak syok?? ekeleh, small matter la, kita orang enjoy habis....

barisan Exco yg join..

aweks yg cun..yeke???

there was many activities we were joined.. there was BBQ, kayaking, naik pencil, mandi pantai bla bla bla.... pendek kata sehari suntuk enjoy je.. smpai burnt gak la kulit yg dah xberape cerah dh ni!! tak jeles ke weh Exco PERDANA yg tak join tuh??hehe...

bersedia untuk berkayak ke tengah laut.. penat sieyh main benda nih!!!

nak berlumba...

bersedia sebelum naik pensel round pantai..

whohoho....best!!!!

BBQ dgn 4 ekor ayam utk 10 org..hebat lah!!!

3. Actuaries With Steamboat

Date : 15th April 2010

Venue : Liki Liki Restaurant, Danau Kota, Gombak

berkumpul di masjid UKM sebelom bertolak dgn 4 buah kereta

Punya la jauh jln2 semata2 nk cari makan jerk???? itulah yg dikatakan jalan2 cari makan.. for this time, most of malay actuary students joined this gathering.. mcm nk pecah rekod je bla berjaya buat gathering cmnih!! at first, I just put 40% expectation tht this gathering will be succeed.. mana taknya, habis bergaduh2, berguling2, bermasam muka, berkutuk2, bertarik rambut, berterajang segala bagai..lebih2 plak aku nih, padahal berbincang dlm FB je nk wt event nih!!! akhirnya jadi jugak..alhamdulillah...

melantak tak hengat dunia....

We arrived there at 8.00pm.. at tht time, my stomach felt krok krek krok krek.. lapar weh, dari tgh hari xmkn semata-mata nk sumbat steamboat nih!!! whoa... puas hati la mkn mcm2 kt situ.. yg paling bestnya steamboat ayam yang diperap dgn lada hitam tuh, best dowh!!

dah kenyang..bergambar la plak..

Girl Actuaries..

ha, kalo nak tau, bdk actuary nih jenis tangki besar.. berkali2 tambah aym, udang, sotong dll.. last2 buang dlm longkang sbb xhbs.. bkn group aku ea.. tapi kan, kt restoran nih lain cikit, tatau la kalo kt restoran lain gini gak.. steamboat tuh kita boleh amik je banyak mana nk makan, dia buat makan secara buffet la.. tp kalo xhbs makanan dlm pinggan 2, akan dikenakan caj lain, denda la kot.. jd kita byr RM20 per person, then mkn je sebanyak mana yg kita larat nk telan..besh dowh!!!

b4 balik UKM, kita org ronda2 la plak kt The Curve, Alamanda, and last skali take a supper plak kt Mapley @ 3.00am!!!! tak pernah2 aku buat keje cmtuh, enjoy smpai pg buta baru balik.. kalo mak aku tau la anak dia cmnih kt cini, nanges la mak aku kt kg tuh!!!! maaf ma, tamo buat lagi bnda2 cmnih...nyesal!!!

****************************************

ok, dh hbs citer... tapi ape yg dah hampir tuh??? lama sgt menanti smpai 3minggu??? my final exam la.. esok aku baru start exam, first paper.. paper Bahasa Arab..rileks sudaa.. haha..poyo jerk!! lusa pulak ada exam Risk Theory..yg ni xboleh rileks lg... hmm, org lain ada yg dah hbs exam dah, aku baru nak start.. memang bosan giler r nk habiskan stdy week selama 3 minggu tuh!!! tu sbb aku enjoy sakan.. dah la tesis siap awal, coursemate aku yg lain sibuk ngn tesis lg masa stdy week tu.. tp aku dah setel sume.. jadi, selain stdy sikit2 keje aku cuma makan, tido, blogging, jalan2 bla bla bla....

owh, akhirnya... exam dh hampir....

Mode : dah 3 hari dapat selsema yg teruk + sore throat, pening2 lalat...

Risk Theory

Note : anyone tht wanna buy insurance policy are encouraged to read this entry..

This is a subject for actuary student should be taken. I take this subject 4 this sem n right now, I'm struggling to stdy 4 final exam, this 23rd April. wishing gud luck to my self.hehe

this subject is abt calculate n forecast performance @ stability of insurance company. bt using the theory, especially ruin theory, we can predict whether a company can survive or not in the future by using total premium paid and claim for the current year. 

for early chapter, it's quit difficult to understand coz it seems not very clear for me. but when it near to final chapter, I felt quit easy to understand since it's used to apply in certain situations. now I realize, anything tht I learnt, I like to apply in real life, so tht it's easily to understand. 

by learn this subject, I realize this theory is not only limited to predict the stability of insurance company, but it is useful to predict our financial planning as well. I can see tht it can help us to plan our finance effectively.. 

by using ruin theory, any symptoms of a company tht will be destroyed will be detected early. so tht the company should take actions to recover before it really happened. this theory critically using statistic distributions, formula, and many calculations to get the result. hmm, so tired to memorize all those formulas....

the best thing I got from this learning is most of insurance company have their own TRICKS to make profit!!! most of people out there doesn't know abt it.. let me tell u all abt these.. (jgn ada org insurans bca sudah..=p)

as u all know, there are a lot of terms n conditions in agreement tht u MUST read b4 buying the policy. not just read actually, u all have to deeply understand!! actually there are some kind of policies tht offer a DISCOUNT to renew the policy after the policy had been expired after one year. u all PLEZ don't pretty trust the discount offered. 

the offer is valid if u doesn't make any claims within the period of policy. normally, this situation happened to term insurance such as motor insurance, health ins. n etc. base on the agreement, if u make any claim, u wouldn't get any discount for the next year premium paid. 

secara mudahnya, 4 this year, u paid premium RM200 monthly. if u doesn't got accident n doesn't make any claim 4 the whole year, u will get discount, so tht u just pay less than RM300 for the next year myb juz RM250 if u want to renew the policy. this payment will reduce in several levels. 

by the next years, myb 2 or 3years later, u may pay the premium RM75 monthly coz u didn't make any claims. but, at tht time, suddently u got an accident n u make a claim. next year, your payment automatically reach RM300 @ RM250 per month for once again.. 

as a nutshell, I can see tht by this tricks, policy holders ( pembeli polisi) might think twicely or more b4 making a decision whether wanna make a claim or not.. so, klu kerugian yg kecil2 tu, policy holders are not willing to make any claim la. just paying the premium every year without make even a single claim.. rasa tertipu kn..

so, the best way is, never buy any policy insurance..haha..xdela, u all must think smart la.. as I know, Takaful insurance is not like tht.. they hv their own strategies, they pay dividend 4 those who are not make any claim within a year.. 

another way is, learn risk theory.. there have a formula to decide whether to claim or not when any losses occur.. I'm not mastering enough for tht part right now.. still hv a week to go before I'll apply those kind of things in my exam soon.. hopefully I can mastering this subject by this week..insyaAllah...

All About Actuary

I'd post an intro abt my pathway in actuary in previous entry here. so now, I gonna share further abt actuary after almost 3years stdy in this field.. I divide this entry by 5parts : salary, exams, educations, skills, and career.

1. Actuary Salary

This is the best part for everyone to concern. base on the latest ranking at UK, actuary is the 6th highest paid salary ranking, which is in medium they can reaches $129K annually ( in Dolar ) @ RM412K annually ( times 3.2). means tht actuary will get RM34,000 monthly!!!! so, attention to everyone, no matter who u r, even u r PETRONAS employees, masters @ PHD holders, Dato' or whtever la, xyah nk berlagak ngn actuary ye. (ada sedikit nada riak di situ.. )

but.....

xleh riak sgt...

2. Professional Exams

It's not very easy to achieve such high salary like tht.. actually, actuary salary is depend on how many papers of professional exams had been passed. there r many types of pro exams, but SOA exams is the most familiar. for 1st stage, there r 8series of SOA exams. each paper's fee is range from $200 (= RM640) to $2100.hoho..murahnye kn!!!

One more thing, it's not such easy as ABC to pass the exams. most of my fren take more than once to pass. ada yg amik 3x pn fail lg.. aku?? xleh gtau, secret... 6t aku dh pass byk paper bru bleh wt surprise.hehe

to pass all the exams, it deserve high sacrifies.. no movies, no hanging out with fren, no gelifren, no boyofren, no games, n etc.. there r just stdy, stdy n stdy.. when we pass one @ two of any exams, the salary is equivalent to master holder's salaries even we r fresh graduate. the salary will increase with increasing number of exams passed and experiences.

Then, after we passed all of 8papers, there will have another series of papers tht should we take to becomes fellow. fellow ni la gajinya mncapai RM35K sebulan..

3. Educations

There r a lot of univ in overseas offer this course. but in Malaysia, only 5 IPT offer this course tht are UKM, UiTM, USIM, UTAR, and INTI College. UKM is the highest demand, tht's y it deserves high qualification too. matriculation students must get CGPA 4.00 to apply this course.

So far, there aren't any univ in Malaysia offer for Post Graduate ( Master Degree) in Actuarial sc. so, I hv high chance to further my stdy to overseas. it was my dream since I was childhood. I've my own plan abt this.. but b4 tht, I've to change my attitudes, my habit and other bad things to reach the top!

4. Skills & Study About

3 situations happened when people ask me, "what course u r take?" and when I replied, "actuary," here are their responses :

i. people doesn't know anything abt actuary, "kau kena belajar berenang ke?" @ "teruknya keje 6t kt kuari,"
ii. people doesn't know but wanna cover theirselves, "ooooo..," dlm hati, "ape benda 2? xprnh dgr pn..."
iii. people know abt actuary, " whoa...." with big opened eyes n mulut ternganga.....

Actuary student learn a lot abt applied mathematics. very good in mathematics is must bcoz it is critically used to apply all the knowledge in real life. it also stdy abt how to design a new policy for insurance, calculate premium for pension scheme, make a profit testing and forecast the mortality.

Besides, strong computer skills especially in programming also important coz it is used to calculate n process the data, forecast, analize n etc. pendek kata keje actuary ni dok depan komputer je...

5. Career

Actuary's job scope is abt analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits. by using statistical data and mathematical method, actuary apply all those things to access risk in the insurance and finance industry.

 There r two types of actuary. 1st, a pointed actuary tht's the one had passed all the professional exams. and another one is 'disappointed' actuary tht are not passed any exams and shift their career in other path.. actually, a 'disappointed' actuary still can survive and built a good career in another field as well. they hv  a wide employment opportunity in financial institutions such as bank, KWSP, insurance company, BSKL, investment field, land & properties, n etc.

That's all abt actuary. further detail, u all can find here.

"Risk is a part of actuary, that's why rich becomes a part of actuary as well."

All About Risk

Risk equals to uncertainty.. unfortunately, everything in this world has it own risk. perhaps most of us always avoid from risk and also think that risk is something bad, nonsense, ridiculous and etc.. same goes to me before..

but now, after I'd learned several subjects that related to risk like risk theory, insurance and risk management and also survival model, I think risk is something interesting and I always applied this knowledge in my life.. of course there is very common problem for all of us in life. we hesitate while taking risks. however, life is also a great challenge, and don't we all risk it. hence, the advise is risk it!! I believe if we successfully passed this challenge, fuhh!!! we will breathe relieved and feel very3x satisfied with that achievement. we might discover a new person in ourself..
but of course, to take any risk, we must having a great strength to face any possibilities that might happen in the future. this strength depends on our risk taker levels. means that which level we are whether aggressive, medium or lowest risk taker. so,what we have to do is identify our risk taker percentage so that we will know how strong we are.

sometimes, our strength becomes from experiences. suffer, frustrating, failure and etc are valuable experiences that can't be found anywhere. better we utilize and appreciate it and take it as a lesson so that we didn't repeat it over again. can't deny that some people still fear and try to avoid to take any risk even it was happened before. yes, it's happened in this real world, but it's depend on individually assumptions and their own action, no one can force it..

but, we are should willing to take risk in our life even just a bit. coz by doing this, at least we have little effort to aim for something to life better. it also can give us some spirit to wake up from failure or frustrating of something.. so, risk the risks coz "there's nothing with this life without risk"!!! as an actuarist, in our mind is greater risk, greater return@profit!!

>> gonna share something abt risk, I got it from my lecturer..

to laugh is to risk appearing a fool!
to weep is to risk appearing sentimental!
to reach out for another is to risk involvement!
to express feelings is to risk rejection!
to place your dreams before the crowd is to risk ridicule!
to love is to risk not being loved in return!
but risks must be taken,
because the greatest hazard in life is to risk nothing!
the person who risks nothing does nothing, has noting, is nothing!
he may avoid suffering and sorrow,
but he can't learn, feel, change, grow or love!
chained by his certitudes, he is slave!
only a person who takes risks is free!

Investment Analysis and Portfolio Management

Syukur Alhamdulillah n Horrrreeeeeeeeeeeyyyyyyyyyyy!!!!!!!!!!

finally, exam season is over.. but juz 4 dis sem, next sem ad lg..hmm~
tp yg paling bestnye, tonite xyah lg nk tido berselimutkan nota n past year questions, tido bermimpikan formula n rumus2, kalkulator etc..hehe

any way, I've finished my last paper exam just now dat is Investment Analysis and Portfolio Management paper.. I thought it's not too tough, tp rupa2nya very tough!!!! soalan susah tahap petala ke-8!!! ada ke patut question adapted from SOA exam???? bnda yg xblaja lgsg dlm kls bleh kuar exm??? eee~.. but never mind, it's already over.. nothing more I can do except doa je byk2 smoga Dr Saiful Hafizah baik aty turunkn ckt graf.. nsib baik je carry mark tinggi, klu x down lg~

since all de formula, rumus2 n sgala mcm ilmu abt investment ni still fresh at my mind, I think it's better if I'm share all those things here.. myb it can gve information 2 u all abt investment n portfolio..

ok, 1stly, wht is portfolio?? portfolio is combination of two @ more assets with a certain weight so that can reduce risk.. as we know, almost assets @ stocks and any others thing in our life as well have their risk.. but by use portfolio management, we can reduce the risk by diversification... nape plop diversification ni?? myb some people didn't know wht's dat..

let me gve a simple example.. ok, stock A have a high risk but can give also high return, while stock B have a lower risk and also lower return.. if u all as an investors, which stock u'll buy?? think 1st b4 read my explaination below...

ok, solutionnya... It's better if we get both stocks.. y?? coz by using diversification (kepelbagaian), we can buy both stocks but in certain weight, so dat the risk can be reduce.. logically, low risk + high risk = medium risk.. return dia plak kna kira by using it's formula la... W₁R₁+ W₂R₂ = R_p.... actually byk lg rumus2 yg kna gna utk dptkn return drp different risk, but the way I want to show u all is, "never put all eggs in one busket".. same with investment, never invest ur money in an asset, but put it in different asset sbg lgkh brjga2...

but, bear in ur mind, invest in different asset xsmestinya btul2 selamat.. kna tgk pula kpd thp korelasi @ kaitan antara kedua2 aset.. yg paling selamat klu both asset not related even juz a little corelation, n it's better if both asset have -ve correlation.. jd, klu 1 aset down, the other 1 xjatuh.. so selamat la duit yg kt invest 2...

if we talk abt investmnt, some people juz think abt stock (saham).. actually byk lg cbg2 invstmnt yg lain spt bond, opsyen etc... bond is a debt instrument that issued and must be paid back by monthly or certain period of time (named as coupon) with some interest... whoa..xsgka, ak ingt lg definitionnya..hehe~

terdpt juga zero coupon bond which is no need to pay back monthly @ certain period, juz pay at maturity date with interest + face value... face value 2 duit yg dipinjm xtrmasuk interest... maturity date plak tarikh perjnjian utk byk balik pnjaman... this is formula 4 zero coupon bond price, PV/ ( 1+r )^T....

simple example 4 contract bond, let say PLUS need some money 2 make a new highway.. but they hven't enough money abt RM50,000 to start dat project.. so PLUS will issued (jual) a bond to public, then get the money.. after 5 years, the highway is finished n PLUS get back their money from government or byrn tol yg dikenakan kpd pengguna highway.. then PLUS will pay back dat money to bond buyer plus some interest myb abt RM60,000..

hmm, bykkn benefit belajar investment ni, boleh biakkan duit.. drp simpn je dlm bank dgn interest xsmpai 3%, better la investkan je duit 2... tp pndai2 la nk invest kt mn, cri institusi pelaburan yg halal, bukan yg konvensional...

lastly, ak nk lampirkn some important formula utk blajar invstment ni.. biar korang tau belajar investmnt ni bukannye senang tau..hehe~

1 - ni dia rumus Black-Shcoles.. penat aku hafal..tp xkuar pn dlm exm..hampeh!!

2 - Capital Asset Pricing Model (teori perletakan harga),

E(r_i) = r_f + β_i(E(r_m) + r_f)

3 - Return 4 portfolio,

E(r_p) = W₁ E(r₁) + W₂ E(r₂),

where, W₁ = ( σ₂² – cov(r₁r₂) )/( σ₁² + σ₂² – 2cov(r₁r₂)),

and, W₂ = 1 – W₁

4 - Risk 4 portfolio,

σ_p² = w₁²σ₁² + w₂²σ₂² + 2w₁w₂Cov(r₁r₂)

"Orang bijaksana tidak sesekali duduk meratapi kegagalannya,
tapi dengan lapang hati mencari jalan bagaimana memulihkan kembali kerugian yang dideritainya"