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SUN Education Group’s e-Newsletter No. 04 - November 2011
Want a Top-Ranked Job? Become an Actuary!
The future is uncertain and full of risk, but risk is also opportunity. That’s where an Actuary comes in.
What is Actuarial Studies?
Actuarial Studies is a discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. Wherever there is a risk, there are opportunities for actuaries. And the recent financial crisis has further highlighted the skills actuaries bring to solving problems.
Actuaries are experts in evaluating the likelihood of future events using numbers, designing creative ways to reduce the likelihood of undesirable events and decreasing the impact of undesirable events that do occur.
Would this the career be suitable for you?
The actuarial profession is perfect for individuals who enjoy challenges and problem solving.
Actuaries are talented professionals who are self-motivated, creative, independent, able to work with others and ambitious. The skills developed by successful actuaries include an excellent business sense with a knowledge of finance, accounting, and economics; keen analytical, project management, and
problem solving skills; strong math knowledge (calculus, statistics, probability); strong computer skills (formulating spreadsheets, statistical analysis programs, database manipulation); and solid written and oral communication skills.
Areas of Employment
Insurance Industry
The insurance companies can not function without actuaries. They design new types of insurance and superannuation policies, calculate costs and determine premiums for policyholders, and analyze of investments and formulate investment policy.
Private Sector
Private corporations rely on the actuary to evaluate risks to frame strategic management
decisions.
Consultant
Actuaries help companies to design pension and benefit plans, evaluate assets and liabilities,
and decrease risks.
Government
Actuaries help to manage government programs and oversee public companies to ensure
compliance with regulatory laws.
Others
Banks and investment firms; public accounting firms, labor unions, rating bureaus, colleges
and universities all employ actuaries.
The future is uncertain and full of risk, but risk is also opportunity. That’s where an Actuary comes in.
What is Actuarial Studies?
Actuarial Studies is a discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. Wherever there is a risk, there are opportunities for actuaries. And the recent financial crisis has further highlighted the skills actuaries bring to solving problems.
Actuaries are experts in evaluating the likelihood of future events using numbers, designing creative ways to reduce the likelihood of undesirable events and decreasing the impact of undesirable events that do occur.
Would this the career be suitable for you?
The actuarial profession is perfect for individuals who enjoy challenges and problem solving.
Actuaries are talented professionals who are self-motivated, creative, independent, able to work with others and ambitious. The skills developed by successful actuaries include an excellent business sense with a knowledge of finance, accounting, and economics; keen analytical, project management, and
problem solving skills; strong math knowledge (calculus, statistics, probability); strong computer skills (formulating spreadsheets, statistical analysis programs, database manipulation); and solid written and oral communication skills.
Areas of Employment
Insurance Industry
The insurance companies can not function without actuaries. They design new types of insurance and superannuation policies, calculate costs and determine premiums for policyholders, and analyze of investments and formulate investment policy.
Private Sector
Private corporations rely on the actuary to evaluate risks to frame strategic management
decisions.
Consultant
Actuaries help companies to design pension and benefit plans, evaluate assets and liabilities,
and decrease risks.
Government
Actuaries help to manage government programs and oversee public companies to ensure
compliance with regulatory laws.
Others
Banks and investment firms; public accounting firms, labor unions, rating bureaus, colleges
and universities all employ actuaries.
Tuesday, November 1, 2011
Sun Education Group’s e-Newsletter No. 03 – November 2011
Time to Drop the Skepticism Over Hospitality Management Schools
Many believe that hospitality management school graduates can only be waiters or bellboys. Some people even ask why you would study how to do dishes or how to make a bed. Especially when someone goes overseas to take the degree, people say “are you serious?” So why do many students
still decide to pursue a hospitality management qualification, and what benefits do they get from a hospitality management program?
One thing missing from the understanding of hospitality management is that it actually focuses on business and management. When you really look at the curriculum offered by a hospitality management institution, you find subjects like finance, accounting, economic, marketing, human resource, and revenue management, right alongside the traditional hotel operation and restaurant service courses. This combination equips students with the business knowledge and the people skills to start their career.
Hospitality management schools that implement the Swiss Hospitality Education system will normally incorporate approximately 2 – 3 semesters of professional internship, when students get to explore their interest and capacity. They may choose from many different international locations and hotel
departments. Students on an internship program are able to explore and experience the different cultures and work ethics of the different hotels and the local communities, and will have at least one year’s working experience upon graduation, which gives them a competitive advantage compared to a
graduate from a traditional business school.
One hospitality management school that SUN Education represents, Les Roches International School of Hotel Management, offers more than just a Bachelor’s in Business Administration in Hospitality Management. Students can choose from five different specializations; entrepreneurship; marketing,
finance, hotel design and project management; and culinary business management.
Another school that SUN Education represents, Glion Institute of Higher Education, offers a slightly wider choice of bachelor degree specialization, including hospitality management; tourism management; finance and revenue management; human resources; marketing; event management; and environmental management.
This wide range of degree specializations in the Hospitality Management Program gives students a lot of of career track options. Student can definitely follow their passion to work in a hotel, or they may pursue a career in a finance company or in a bank. Students can also work in a recruitment agency or start up their own company with their entrepreneurship knowledge. The Hospitality Industry is a world of career opportunities.
Many believe that hospitality management school graduates can only be waiters or bellboys. Some people even ask why you would study how to do dishes or how to make a bed. Especially when someone goes overseas to take the degree, people say “are you serious?” So why do many students
still decide to pursue a hospitality management qualification, and what benefits do they get from a hospitality management program?
One thing missing from the understanding of hospitality management is that it actually focuses on business and management. When you really look at the curriculum offered by a hospitality management institution, you find subjects like finance, accounting, economic, marketing, human resource, and revenue management, right alongside the traditional hotel operation and restaurant service courses. This combination equips students with the business knowledge and the people skills to start their career.
Hospitality management schools that implement the Swiss Hospitality Education system will normally incorporate approximately 2 – 3 semesters of professional internship, when students get to explore their interest and capacity. They may choose from many different international locations and hotel
departments. Students on an internship program are able to explore and experience the different cultures and work ethics of the different hotels and the local communities, and will have at least one year’s working experience upon graduation, which gives them a competitive advantage compared to a
graduate from a traditional business school.
One hospitality management school that SUN Education represents, Les Roches International School of Hotel Management, offers more than just a Bachelor’s in Business Administration in Hospitality Management. Students can choose from five different specializations; entrepreneurship; marketing,
finance, hotel design and project management; and culinary business management.
Another school that SUN Education represents, Glion Institute of Higher Education, offers a slightly wider choice of bachelor degree specialization, including hospitality management; tourism management; finance and revenue management; human resources; marketing; event management; and environmental management.
This wide range of degree specializations in the Hospitality Management Program gives students a lot of of career track options. Student can definitely follow their passion to work in a hotel, or they may pursue a career in a finance company or in a bank. Students can also work in a recruitment agency or start up their own company with their entrepreneurship knowledge. The Hospitality Industry is a world of career opportunities.
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