UCLA Stats vs Financial Actuarial Mathematics ?

<p>I'm doing TAP for UCLA so I can apply for a second major. My first major is Math/econ. I'm considering btw those two majors. Which one is easier to get in? I try to do some research but Actuaries is a new major at UCLA, so there is not much about it. I think actuaries will be easier to get in, but I heard it design specifically for actuaries track and i don't really want to be an actuary. Is there any one know about what UCLA offer for this major? </p>

<p>I think of going for operational research track or financial engineering. Therefore which one will prepare me better for grad/future career? </p>

<p>Financial Actuarial Mathematics is definitely for people who want to be actuaries, so don’t major in that if you don’t want to be an actuary. </p>

<p>Math/Econ or Stats should be excellent preparation for the careers you’re considering.</p>

<p>bizmlover, I’m sorry to say this, but you seem really rushed this application cycle. Why not apply next year when you have most of your prereqs done and you know what you want to major in?</p>

<p>@Cayton‌ thanks for your advise! It’s definitely helpful for me to decide btw too majors. What about stat in UCLA? Is it a growing club? I only know ucb has one of the best stat program in the nation but is is little out of reach for me. I want to prepare myself if I dnt get in my 1st choice. I went to UCLA tap conference day but the counselor wasn’t that helpful. I searched around too but figured out its best if I asked question by myself</p>

<p>@luckie1367‌ yea I know! But due to heavy work schedule I already stay another year. Cc definitely kicks me out cos I already have around 100 units :frowning:
Jk, anyway, I’m pretty interested in this field and have some related experience. I figure it would suit my interest and my need best. Just want to find out what 2nd major can improve job prospect and have a better vision of future career.</p>

<p>Does anyone know if it’s relatively easy to switch between math majors? For example, if admitted as the financial actuary major, would it be easy to change to stats or math/econ later on? </p>

<p>If the major is impacted, you cannot switch. You have to be accepted into the impacted major.</p>

<p>@81Mamba‌ I think i read somewhere here said it’s easy to switch within math dept. in UCLA. Not sure about stat, but i think you can go for Math/econ.
when I went to Ucla tap day, the counselor said you’re free to explore majors within math dept. not sure if it means you can switch</p>

<p>@bizmlo I’ve heard that before too. Usually you can move to un-impacted majors? Just wanted to double check haha</p>

<p>Also, I wish UCLA would post their 2014 fall transfer admission stats lol I wanted to see whether the new Math/Financial Actuary major would have similar gpa acceptance vs the other math majors… hopefully it is…</p>

<p>@81Mamba yes, they let you change majors as long as the major you are changing to is not impacted. Heck, they also even allow you to double major after you’ve gotten in (again only if the second major is not impacted). I asked these questions to UCLA’s university rep and got those responses, so you should be fine!</p>

<p>As for the math department specifically, I don’t think there should be any problem switching within it. Math is not impacted at UCLA (whether it’s math/econ or pure math etc etc). But like you, I’m interested in knowing the stats for financial actuary major too (also applying to math here).</p>

<p>@bearly On their webpage it said it would be available in November and theres only 3 business working days left of November. I do hope they keep their promise of November. </p>

<p>i guess they gonna keep it till everyone’s done w the application lol. just curious, what’s you guys thought of going for actuary major? @81Mamba‌ @Bearly‌ i was interested in it at some points of time but after few research i just feel so discouraged.</p>

<p>tbh, I picked the math/financial actuary major because I could easily finish all of the pre-reqs compared to the others. If i can get in to ucla, then i’ll probably decide between financial actuary, math/econ, or possibly stats. </p>

<p>Also, are u guys applying to Berkeley too? Do you guys think the math majors would have similar stats for Berkeley? </p>

<p>oh that’s smart move! i’m not sure about financial actuary though. when i ask my ucla rep, she said it’s unpredictable. ucla has really good actuary major though just opened, and they rank high also.
yea i’m applying too. i heard if you have around 3.7 for applied math in ucb then you’ll have high chance to get admitted. Anyway whatever it is, it doesn’t matter to me though cos i dn’t count on my GPA. </p>

<p>What do you mean by unpredictable? </p>

<p>@81Mamba good to know, I hope they release the stats soon too. By unpredictable I think it might mean that because actuary major is so new, it will be hard to gauge what kind of stats that major has. Like math or math/econ have been around for a while, and the general trend has remained the same over the several years in the transfer profile by major. But we don’t really have any data on actuary major, so that might be it (this is what I think, unless I am wrong and unpredictable is referring to something else?)</p>

<p>I am applying to Berkeley too, and I hope they are similar stats. I don’t think math is impacted at Berkeley, but at the same time Berkeley does boast one of the highest ranking math programs in the nation, above UCLA (but not by that much). It is prestigious and I feel like it may be more selective, but I think if you get in for UCLA math, you should be able to get into Berkeley too. </p>

<p>For me, I think I might go as pure math or applied math, because I don’t really have all the econ pre-reqs under my belt. I’d only be done with microeconomics in the spring (taking macro now). But I completed a ton of science courses in my first year (physics, chem) and so I’d be a stronger applicant for pure/applied math. But hey, less competition if you’re applying as either math/econ or financial actuary major!</p>

<p>@Bearly‌ was right. Actuary is kinda new in UCLA (just opened last year), so UCLA reps said i’ll either has higher GPA or lower GPA than other maths. even she isnt sure. that’s why i created this threat to see if there’s any actual stat lol
i just check ucla website, they changed the annoucement to “end of Nov”. so when everyone already turned in application, they will release the stat. </p>

<p>i dnt know about less competition for math/econ though. In my school it seems like most ppl major in biz/econ will have math/econ as an alternative major if they have TAP. I’m not sure about how the priority works for 2nd major, but if admission prioritize it as well then those comers from biz/econ will be strong competitors :|</p>

<p>So what majors did you guys end up applying for? @bearly @bizmlover</p>

<p>@81Mamba Applied Mathematics! Cause I’d technically be done for that, for Math/Econ or Financial Actuarial, I’m still missing 1-2 prereqs (the more business-y econ prereqs) so I think I’m a stronger applicant for either Math or Applied Math (and I went with the latter).</p>

<p>Also, I saw this a few days ago but I’ll post it here if you guys haven’t seen, UCLA’s transfer stats by major for 2014:
<a href=“https://www.admissions.ucla.edu/prospect/adm_tr/Tr_Prof14_mjr.htm”>https://www.admissions.ucla.edu/prospect/adm_tr/Tr_Prof14_mjr.htm&lt;/a&gt;&lt;/p&gt;

<p>switching majors between UCLA’s Math department is fairly easy… all you have to do is fill out a form… the only reason that you might get rejected (if at all) is you are doing really horrible in the required upper division classes concerning the specific math major. </p>

<p>What you CANNOT do however is double major with 2 different math majors… (ex: double major in applied math & actuary math)… I dont think that restriction applies to the Statistics as your other major… </p>

<p>@bearly do you have all the pre-reqs done by this fall 2014 quarter? (ending in like a week or so) Cuz I still have a couple left to take during winter and spring, hopefully they won’t care about that… </p>

<p>Yea I saw those stats. They seemed to go up from last year unfortunately. :(</p>