Introduction of capstone project
My capstone project is focusing on a niche topic: Actuarial Science. What is Actuarial Science? Here is a formal explanation from Wikipedia: “Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance, and other industries and professions. More generally, actuaries apply rigorous mathematics to model matters of uncertainty. Actuaries are professionals trained in this discipline.”. This long line can be cut short as Actuarial Science is the math of risk in many different fields. In the year of 2018, Actuarial Science suddenly became the most valuable major in college. And many media and news have been introducing this incredible major to their audience. There must be a concern: what makes actuarial science to became a so unique major and what’s the difference between actuarial science and math? Basically, math is a part of actuarial science but it’s not all of it. Actuaries needs to be an expert in math, finance, insurance, programing and so on. A wide range of fields is one of the characteristics of actuarial science. The most striking, of course, is the actuarial exam. The actuarial exam is divided into several subjects similar to the CPA but more difficult. Passing the actuarial exam means that you already have some qualifications as an actuary. As more and more people become interested in actuarial science, it raises a question: the actuarial exam is a test to see if you’re a qualified actuary, but it’s well known that learning and work don’t mix. So is the actuarial exam a decision to get a job or an internship? I am now a sophomore major in actuarial science, who also needs to conquer actuarial examination. Of course, I also have a great curiosity about my future career. Therefore, I want to take this as a research topic to do some investigation on how much actuarial exams is going to affect actuaries in their professional career such as internship?