Where did the 2000 Actuarial Science graduates go?

Where did the 2000 Actuarial Science graduates go ?
	Careers Education and Placement Centre

I. Introduction

The information in this paper is extracted from the Graduate Employment Survey of 2000 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 2000

Of the 20 graduates from this programme, 15 responded to the survey. Their employment situations are listed below.

	*BSC(AC)*				HKU Overall*
	*2000*		*1999*		*2000*		*1999*
	*No.*	%	*No.*	%	*No.*	%	*No.*	%
*No. of respondents*	15	100	19	100	2575	100	2475	100
*Employed*	11	73	16	84	2030	79	1928	78
*Unemployed seeking F/T job*	0	0	0	0	59	2.3	79	3.2
*Further Studies*	3	20	3	16	461	18	455	18
*Emigrated/Returned to home country*	0	0	0	0	2	0.1	4	0.2
*Not seeking F/T job*	1	6.7	0	0	23	0.9	9	0.4

* 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*	*Master (Coursework)*	*Postgraduate Certificate*
Education	-	-	1
Others	1	1	-

*Source of Funds*	*No. of Graduates*
Own Funds	2
Full Scholarship	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*	*2000*	*1999*
May or before	89%	81%
June	100%	88%
July	100%	88%
August	100%	94%
September	100%	100%

No Response = 2

V. Employment Sectors

The majority of graduates in Actuarial Science were employed in commerce & industry, while others were employed in educational institutions.

	*% of graduates*
*Sector*	*2000*	*1999*
Commerce & Industry	80%	100%
Educational Institutions	20%	-

No Response = 1

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*
	2000	1999	2000	1999	2000	1999	2000	1999
*Mean*	$13,700	$12,813	$14,125	$14,480	$14,545	$13,991	$15,448	$15,716
*Median*	$13,300	$12,500	$12,000	$10,870	$14,408	$13,771	$13,000	$11,917
*Minimum*	$12,000	$9,500	$1,300	$1,000	$12,000	$10,292	$3,000	$3,000
*Maximum*	$20,000	$15,000	$58,000	$58,000	$20,000	$16,250	$74,967	$60,000

* 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	1 (11%)
Two	3 (33%)
Three	4 (44%)
Four	1 (11%)

No Response = 2

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*
EDUCATIONAL INSTITUTIONS -
Queen Elizabeth School Old School Association Secondary School	Support Teacher
The Hong Kong University of Science & Technology	Teaching Assistant

COMMERCE AND INDUSTRY –
Aetna Life Insurance Company (Bermlida) Ltd	Actuarial Assistant
AIA Co Ltd	Actuarial Assistant
American International Assurance Co Ltd	Actuarial Assistant
Authur Anderson	Business Consultant
AXA China Region Insurance Co Ltd	Actuarial Assistant
New York Life Worldwide Insurance Ltd	Actuarial Assistant
Pacific Century Insurance Co Ltd	Actuarial Trainee
Principal Insurance Co Ltd	Actuarial Assistant

No Response = 1

Note : Some of the 2000 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, 2001

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