NETWORKING DAY 2017
As on December 02 nd 2017, ASSAUD members met at New Millennium Beach Resort, Bagamoyo Tanzania for Networking day. Main purpose of networking day: 1) Welcoming first year (new) members to assaud
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STUDY TOUR AT CMSA
As on 15th December 2017, ASSAUD Members had a study tour at the Capital Market and Securities Authority, PPF Tower, 6th Floor. For Details on What happened, please view the videos below: Special gratitude to the CMSA for their warmly welcoming and presentation. We Learnt A Lot!
CAPACITY BUILDING
Any plant cannot grow unless it is in the environment that allows it to do so. Same applies to Career, it has to be built. It has to grow so that, as an individual you can stand forth to achieve success. A career can be defined as a person's progress or general course of action through life or through a phase of life. It is a profession or undertaking. 100% commitment, proper timing, good relationship & connections, and integrity can be among things that create favorable environment for a successful career building. In the course of studying, there are levels which I suppose many of us had passed through. The primary school level, the ordinary level, advanced level or diploma, and the undergraduate level. As we go higher in our educational level, we found our studies narrowing to our choosing. That is part of building our career, and many of us at the lowest level of education ought to be doctors, pilots, and many other known & trembling professions’ of th...
PSPF Seminar
As on 26Th May 2017, PSPF gave a seminar to students of University of Dar es Salaam pursuing Actuarial Science The talk was on 1. Products Offered to PSPF members 2. Actuarial Profession application in Pension Industry For More Information, Please watch the videos below
South Africa members visit in UDSM
As on 28Th June 2017, students of University of Dar es Salaam pursuing Actuarial Studies had an opportunity to listen to visitors from the Society of Actuaries of South Africa The talk was on 1. The importance of forming Actuarial society of Tanzania 2. A talk through Actuarial Exams, An actuary and Examiner talked us through. Please watch the videos below for more info. on what happened during the small gathering
ACTUARIAL EXAMS
About Bsc. In Actuarial Science In UDSM The department of mathematics runs one undergraduate degree programme (Bsc. In Actuarial Science), in collaboration with department of Finance under University of Dar es Salaam Business School (UDBS) and Department of Statistics under the College of Arts and Social Sciences (CASS). More on Actuarial Science IN UDSM, click here In Tanzania, University Of Dar es Salaam have not yet been accredited exemptions from the Institute and Faculty of Actuaries (IFoA) . In doing so, for an actuarial science student from UDSM to become an actuary, at fellowship level, h/she has to do a series of Actuarial Profession Exams. The Exams are 15 in Number as highlighted below: Category 01: Core Technical Exams- CT Subjects This category Include 09 Exams as follows: CT 1 - Financial Mathematics CT 2 - Finance and Financial Reporting CT 3 - Probability and Mathematical Statistics CT 4 - Models CT 5 - Contingencies ...
ACTUARIAL SCIENCE IN UNIVERSITY OF DAR ES SALAAM
The department of mathematics runs one undergraduate degree programme (Bsc. In Actuarial Science), in collaboration with department of Finance under University of Dar es Salaam Business School (UDBS) and Department of Statistics under the College of Arts and Social Sciences (CASS). About Bsc. In Actuarial Sciences Actuarial Science is the study of risk and uncertainty, usually of a financial and long-term nature. This degree programme offers students the opportunity to develop their mathematical ability, whilst staying focused on financial and actuarial applications. Not only does the course provide the technical knowledge required by students wanting to join the actuarial profession, but it also seeks to provide a wide range of skills. This ensures that graduates are able to add value in many areas for their future employers. The Recent graduates have been employed in the fields of Insurance, telecommunications, auditing firms, academia, as well as banking and ...
CAREER DAY 2017
In April 29 2017,we had our fifth career day, it was an excellent opportunity for students, graduates, stakeholders, companies to come together with an ambition to develop, explore new skills, technical expertise to take the actuarial profession to greater heights. Our Patron, University of Dar es Salaam Mathematics Department did a grand Opening of the event by explaining on UDSM Actuarial Programme. The head of Department, Prof E Mureithi had the honor.
WHAT TO DO IN HIGH SCHOOL!
How can I prepare in high school? If you want to be an actuary, start preparing now! Guidance for High School Students Follow a college preparatory curriculum of high school classes. Take math classes every year. Take advantage of Advanced Placement (AP) and advanced courses such as statistics and calculus. Enroll in computer science courses to develop your computer skills . What Else Should I Do? Participate in extracurricular activities that will give you a chance to work as part of a team on a project or stand out as a leader. Attend career fairs for the actuarial profession. Explore colleges and universities that offer actuarial science curriculum. Sign up for a free Fundamentals of Actuarial Practice (FAP) trial account with the Society of Actuaries e-Learning System. Explore the scholarships that are available to help you achieve your goals.
Is this Career For You?
Got skills? Actuaries bring a special set of skills to their work: Specialized math knowledge Calculus, statistics, probability Keen analytical, project management, and problem solving skills Good business sense Finance, accounting, economics Solid communication skills (oral and written) Strong computer skills Formulating spreadsheets, statistical analysis programs, database manipulation, programming languages Actuaries are talented professionals, with personal characteristics such as: Self-motivation Creativity Independence Ability to work with others Ambition The skills developed and honed by successful actuaries include an excellent business sense with knowledge of finance, accounting, and economics; keen analytical, project management, and problem solving skills; specialized math knowledge; strong computer skills; and solid written and oral communication skills. In addition, actuaries enjoy learning, like to solve complicated problems,...
What Do We Do?
We manage risk. The future is uncertain and full of risk. Risk is the chance that an undesirable event will occur, but risk is also opportunity. That's where we come in. Actuaries are experts in: Evaluating the likelihood of future events—using numbers, not crystal balls. Designing creative ways to reduce the likelihood of undesirable events. Decreasing the impact of undesirable events that do occur. We are the leading professionals in finding ways to manage risk. It takes a combination of strong analytical skills, business knowledge, and understanding of human behavior to manage today's complex risks facing our society. We're key players on the management team of companies that deal with risk. In a fast-changing world, with emerging risks and the need for more creative ways to tackle them, there are constant opportunities for personal and professional growth. We are the analytical backbone of our society's financial security programs. We are the bra...
Who is an Actuary?
Part super-hero. Part fortune-teller. Part trusted advisor. We manage risk. It's what we do. With unbeatable analytical skills, we help organizations plan for the future and protect themselves from loss. By understanding the very nature of risk, we play a key role in the psychological, physical, and financial stability of society. With our help, businesses can grow, retirees can invest with confidence, and people can enjoy peace of mind. We love what we do. It only makes sense that ours is a top-ranked job. After all, we earn high incomes in low-stress environments. We enjoy a harmoniouswork/life balance. Our work is intellectually stimulating. And we work in a variety of settings. But no matter where we work, this career comes with one great perk: the satisfaction of solving problems and having an impact. We are the backbone of financial security. Insurance companies, financial planners, and many multinational corporations are ...
ABOUT ASSAUD
Actuarial Science Students Association of University of Dar es Salaam (ASSAUD) is an academic association established in November 2012 following the establishment of BSc. in Actuarial Sciences at University of Dar es Salaam in the academic year 2010/2011. ASSAUD aims at bringing together Actuarial students, academic staffs and other interested stakeholders from outside the university to foster knowledge and promote the actuarial professional which is based on the evaluation of the financial, economic and business implications of future contingent events; by applying knowledge and skills in probability, statistics, mathematics and finance, actuaries provide commercial, financial and prudential advice on the management of assets and liabilities - especially where long term management and planning are critical factors. Currently ASSAUD has 80 active members, who are all students of BSc. Actuarial Sciences at the University of Dar es Salaam. On its few years of its existence, it has b...