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My husband has been a fully qualified actuary for 6 years. Let me give you some context/background:
1. There is no such dedicated degree in Australia. You start with a general commerce degree and pick specialized subjects at university. The pass rate is very low, approximately 1 in 3 students will drop out at the end of the degree. It's extremely maths and statistics heavy. You need to have a high level of interest to keep going.
2. Completion of a commerce degree (majoring in actuarial studies) is not enough. To be receive qualification and work as an actuary (not analyst), you need to complete additional subjects/courses through the Institute of Actuaries Australia and pass professional exams. A bit like CPA except it takes longer and again the pass rate is very low. Most people work and study at the same time, depending how much credit you receive from the university subjects you've done, on average, 6 to 10 more subjects are required. Again depending on the subject, the pass rate can vary from 40% to 20%.
side note: It took my husband 5 years (working full time, studying part-time) to pass all the exams, only repeating 1 subject. One of his colleagues failed a subject 5 times before passing.
3. The employment market for actuaries is actually quite good in Australia (but even better overseas), as there are very few qualified actuaries, no more than a few hundred. Most actuaries work in the insurance industry. The biggest issue is still getting through the qualification process, unless you are qualified, you are stuck at the analyst level and there's not much future/money in it.
Not trying to put you or your child off, but it's a very l...o...n...g road.
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美食美刻---重口味第五波--大盘鸡，火爆腰花，干煸肥肠，宫保鸡丁，水煮肉片，红烧大排 (2014-7-9) ta_xiang 
发表于 2016-4-15 14:05
感谢您的详细描述，我们会慎重考虑，谢谢！