Actuarial Science

*Where did the 1999 Actuarial Science graduates go ?*
	Careers Education and Placement Centre

I. Introduction

The information in this paper is extracted from the Graduate Employment Survey of 1999 to answer the following questions about Bachelor of Science in Actuarial Science graduates : -

How many were employed six months after graduation ?

Among those who pursued further studies, what programmes were they enrolled in ?

Among those who were employed full-time, how long did it take them to get their first job offer ?

In which sectors were they employed ?

How much salary did they receive ?

How many job offers did they receive ?

Who were their employers and what were their job titles ?

II. Employment Situations in 1999
Of the 20 graduates from this programme, 19 responded to the survey. Their employment situations are listed below.

	BSC(AC)				HKU Overall*
	1999		1998		1999		1998
	No.	%	No.	%	No.	%	No.	%
No. of respondents	19	100	20	100	2475	100	2383	100
Employed	16	84	19	95	1928	78	1795	75
Unemployed seeking F/T job	0	0	0	0	79	3.2	157	6.6
Further Studies	3	16	1	5	455	18	413	17
Emigrated/Returned to home country	0	0	0	0	4	0.2	3	0.1
Not seeking F/T job	0	0	0	0	9	0.4	15	0.6

* HKU Overall refers to the figure for the total HKU population and includes M.B.,B.S. and B.D.S. graduates.

III. Further Studies
Three graduates proceeded to postgraduate studies. The tables below show the academic programmes that they pursued and their sources of funds.

	Academic Programme
Field of Study	M.Phil.
Science	3

*Source of Funds*	No. of Graduates
Own Funds	1
Scholarship & Own Funds	1
Teaching Assistantship/Studentship	1

IV. Time Taken to Secure Employment
The time taken for graduates to secure employment is shown below.

	% of new graduates who have secured employment
By the end of	1999	1998
May or before	81%	82%
June	88%	82%
July	88%	94%
August	94%	94%
September	100%	100%

V. Employment Sectors
All the graduates in Actuarial Science were employed in commerce & industry.

	% of graduates
Sector	1999	1998
Commerce & Industry	100%	88%
Civil Service	-	6%
Educational Institutions	-	6%

VI. Basic Salary and Gross Income
The remuneration received by graduates in Actuarial Science is shown below.

	Basic Salary				Gross Income
	BSC(AC)		HKU Average*		BSC(AC)		HKU Average*
	1999	1998	1999	1998	1999	1998	1999	1998
Mean	$12,813	$13,068	$14,480	$15,496	$13,991	$14,035	$15,716	$16,557
Median	$12,500	$12,000	$10,870	$12,300	$13,771	$13,000	$11,917	$13,325
Minimum	$9,500	$8,000	$1,000	$1,000	$10,292	$8,000	$3,000	$5,000
Maximum	$15,000	$22,075	$58,000	$58,000	$16,250	$22,075	$60,000	$59,000

* HKU Average refers to the figure for the total HKU population and includes M.B.,B.S. and B.D.S. graduates.

VII. Number of Full-Time Job Offers
The number of job offers received by graduates in Actuarial Science is shown in the following table.

*No. of job offers received*	No. of graduates (% of graduates)
One	9 (56%)
Two	4 (25%)
Three	2 (13%)
Four	1 (6.3%)

VIII. Names of Employers and Job Titles
The job titles of graduates in Actuarial Science in full-time employment and the names of their employers are listed below.

*Employers*	Job Titles
COMMERCE & INDUSTRY -
American International Assurance Co Ltd		Actuarial Trainee
American International Assurance Co Ltd		Actuarial Trainee
American International Assurance Co Ltd		Actuarial Trainee
Andersen Consulting Co Ltd		Analyst
AXA China Insurance Co Ltd		Actuarial Assistant
Cologne Reinsurance Co		Actuarial Assistance
East Asia Aetna Insurance Group		Actuarial Assistant
Manulife (International) Ltd		Actuarial Analyst
Manulife (International) Ltd		Actuarial Analyst
Manulife (International) Ltd		Actuarial Analyst
Manulife (International) Ltd		Actuarial Analyst
Manulife (International) Ltd		Actuarial Analyst
Manulife (International) Ltd		Actuarial Analyst
Sun Tat Shipping Co Ltd		Shipping Clerk
Watson Wyatt (HK) Ltd		Actuarial Analyst
Organization's name not reported		Analyst

Note : Some of the 1999 graduates indicated willingness to talk to individual students about their work. Contact numbers can be obtained from counsellors at the CePc.

IX. Similar information on graduates from other disciplines is available for reference in the Careers Library. Please contact the CePc for further details.

Careers Education and Placement Centre

3/F Wong Chuang Lai Wah Building

Meng Wah Complex

The University of Hong Kong

Pokfulam Road

Hong Kong

Telephone : 2859 2314

Fax : 2559 5238

E-Mail : CEPC@HKUCC.HKU.HK

Homepage : http://www.hku.hk/cepc

Opening Hours : Monday - Friday (9:00 a.m. to 5:30 p.m.)

Saturday (9:00 a.m. to 12:00 p.m.)

Cindy Chan

August, 2000

The analysis is based on information provided by the respondents, and the Careers Education & Placement Centre should not be held responsible for any errors arising therefrom.

No part of this report may be reproduced in any form or by whatever means,

unless with written permission from the Director of the Careers Education and Placement Centre,

The University of Hong Kong