THE BEST UPCOMING CAREER IN TANZANIA

 It is fair to state that actuarial science is immature profession in Tanzan which is yet to be fully understood by majority including the key stakeholders  in the finance-related industries. Tanzanians have a general knowledge of the profession; however it is limited to the mathematics of insurance and social  security. This shallow application has led to limited opportunity to graduates and actuaries, who could have been an asset that shapes the economy towards   the better.

Article by : Muthe Mathias

Owing to this challenge, Actuarial Sciences Students Association of the University of Dar es Salaam (ASSAUD) has been playing a constant role in promoting Actuarial Science to both stakeholders in finance related industries and young mathematicians. This article aims at shading light on the Actuarial Career day, an event created by ASSAUD for the aim of broadening mindfulness of actuarial profession in Tanzania.

The Actuarial Career Day, is an annual event created by ASSAUD in 2013 with the main goal of connecting the major stakeholders of the profession such as social security administrators, insurance companies, macro finance banks, investment companies, higher education institutes, stock exchange, government services and young mathematicians from secondary schools; for networking that will come up with a way of improving the profession in the country. The event is held in May each year and until now ASSAUD has succeeded to organize three actuarial career events, in May 2013, 2014 and 2015.

The event is conducted as a dialogue where by both actuarial science’s students and lecturers, companies’ representatives and actuarial alumni are given opportunity to present their experience about actuarial profession. It is an avoidable fact that this event is a big platform for both students and the general public to learn about actuarial profession and opportunities available in the market.

Despite of ASSAUD’s achievement in organizing this event there are various challenges that hinder its effectiveness such as shortage of funds to organize the event, small number of people who attend the event pre-eminently due to insufficient response from companies’ representatives and the general public. We believe that in future days we will be able to overcome these problems due to increasing peoples’ response and awareness about actuarial science in recent years.

ASSAUD believes, we have been able to reach this point because of the great support that companies, University of Dar es salaam and our members gave us, therefore we extend our heartfelt gratitude to all the companies, institutions and general public for supporting and participating in actuarial career day since its commencement in 2013. We invites all stakeholders, as well as the general public, to come and learn more about this profession and its application in the country in the coming actuarial career day.