Where did the 2013 Actuarial Science graduates go?

Transcription

1 I. Introduction The information in this paper is extracted from the Graduate Employment Survey of 2013 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 2013 Of the 65 graduates from this programme, 60 responded to the survey. Their employment situations are listed below. BSc(ActuarSc) HKU Overall* No. % No. % No. % No. % No. of respondents % % % % Employed 53 88% 44 86% % % Unemployed seeking F/T job 0 0.0% 0 0.0% 7 0.3% 9 0.3% Further Studies 6 10% 6 12% % % Emigrated/Returned to home country 1 1.7% 0 0.0% % 2 0.1% Not seeking F/T job 0 0.0% 1 2.0% % % * HKU Overall refers to the figure for the total HKU population and includes M.B.,B.S. and B.D.S. graduates. Page 1

2 III. Further Studies graduates proceeded to postgraduate studies. The tables below show the academic programmes that they pursued and their sources of funds Academic Programme 1 Field of Study Ph.D. M.Phil. Taught Master (Coursework) Business Administration/Management Electrical/Electronic Engineering Science No Response = Page 2

3 IV. Time Taken to Secure Employment The time taken for graduates to secure employment is shown below. 42 % of new graduates who have secured employment 35 By the end of May or before 64% 43% June 71% 51% July 81% 60% August 81% 66% September 90% 71% October 90% 83% November 95% 89% December 98% 97% January 98% 100% February 100% 100% No Response = 10 V. Employment Sectors The majority of Actuarial Science graduates were employed in Commerce & Industry, while others were employed in the Civil Service and Community, Social & Personal Services. Sector % of graduates Commerce & Industry 88% 95% 36 4 Civil Service 8.2% 0.0% 0 2 Community, Social & Personal Services 4.1% 2.6% 1 0 Educational Institutions 0.0% 2.6% 1 49 No Response = 3 38 Page 3

4 VI. Basic Salary and Gross Income The remuneration received by Bachelor of Science in Actuarial Science graduates is shown below. Basic Salary Gross Income BSc(ActuarSc) HKU Average* BSc(ActuarSc) HKU Average* Mean $19,262 $15,754 $18,778 $18,662 $19,937 $16,194 $19,547 $19,598 Median $17,250 $16,625 $15,000 $15,000 $18,688 $17,292 $16,000 $15,833 Minimum $10,000 $8,000 $5,000 $2,000 $10,833 $8,000 $5,000 $6,000 Maximum $43,120 $23,000 $83,333 $60,000 $43,120 $23,000 $83,333 $150,000 * 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 Actuarial Science graduates is shown in the following table. No. of job offers received No. of graduates (% of graduates) One 20 (50%) Two 13 (33%) Three 5 (13%) Four 1 (2.5%) Five 1 (2.5%) No Response = Page 4

5 VIII. Names of Employers and Job Titles 4 The job titles of Bachelor of Science in Actuarial Science graduates in full-time employment and the names of their employers are listed below. Employers Job Titles Civil Service - - HKSAR - Census and Statistics Department - Research Manager - HKSAR - Home Affairs Department - Administrative Officer - HKSAR - Immigration Department - Immigration Officer - Hospital Authority - Research Officer Community, Social and Personal Services - - King's Glory Education Centre - Teacher - Securities and Futures Commission - Graduate Trainee Commerce and Industry - - ACE Life Insurance Company - Actuarial Analyst - ACE Life Insurance Company - Insurance Executive - Ageas Insurance Company (Asia) Limited - Actuarial Assistant - American International Assurance Company - Actuarial Associate (Bermuda) Limited (AIA) - American International Assurance Company - Actuarial Associate (Bermuda) Limited (AIA) - AXA China Region Insurance Company Limited - Actuarial Analyst - Bank of China (Hong Kong) Limited - Officer Trainee - BOC Group Life Assurance Co. Ltd. - Actuarial Assistant - Cathay Conning Asset Management Limited - Analyst - Deloitte Touche Tohmatsu - Actuarial Analyst - Deloitte Touche Tohmatsu - Actuarial Analyst - Deloitte Touche Tohmatsu - Analyst - Ernst & Young - Actuarial Associate - Ernst & Young - Actuarial Associate - Ernst & Young - Staff Accountant - Hang Seng Bank Ltd. - Management Trainee (Financial Control) - Hong Kong Life Insurance Limited - Actuarial Analyst - Hongkong and Shanghai Banking Corporation Limited - Actuarial Analyst (The) (HSBC) - Hongkong and Shanghai Banking Corporation Limited - Actuarial Assistant (The) (HSBC) - Hongkong and Shanghai Banking Corporation Limited - Management Associate (The) (HSBC) - KITA International Limited - Occupation's name not reported - MassMutual Asia Ltd. - Actuarial Analyst Page 5

6 - Mercer LLC - Actuarial Analyst - Merrill Lynch (Asia Pacific) Limited - Analyst - MetLife Asia Pacific Limited - Business Trainee - Munich Reinsurance Company - Actuarial Analyst - Oriental Patron Securities - Research Associate - RHB Holdings Hong Kong Limited - Associate - Sun Life Financial - Actuarial Assistant - Sun Life Financial - Actuarial Assistant - Swiss Re Limited - Contract Actuarial Analyst - The Prudential Assurance Company Limited - Actuarial Assistant - The Prudential Assurance Company Limited - Assistant No Response = 4 Note: Some of the 2013 graduates indicated willingness to talk to individual students about their work. Contact numbers can be obtained from career advisors at the Careers & Placement, CEDARS. Page 6

7 IX. Similar information on graduates from other disciplines is available for reference in the Careers Library. Please contact CEDARS for further details. (CEDARS) 3/F Wong Chuang Lai Wah Building Meng Wah Complex The University of Hong Kong Pokfulam Road Hong Kong Telephone : Fax : ges@cedars.hku.hk Homepage : Opening Hours : Monday - Thursday (9:00 a.m. to 5:45 p.m.) Friday (9:00 a.m. to 6:00 p.m.) Saturday (9:00 a.m. to 1:00 p.m.) Jaime Fung Director of Careers and Placement March 2014 The analysis is based on information provided by the respondents, and CEDARS 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 University of Hong Kong Page 7