actuaries. By Bobby McGann. Description. Someone who calculates financial risk & uncertainty Study and Analyze numbers Have a strong background in math College Degree + additional certifications possibly required. Career Projections. Accounting/Finance Insurance Agents Brokers
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By Bobby McGann
Someone who calculates financial risk & uncertainty
Study and Analyze numbers
Have a strong background in math
College Degree + additional certifications possibly required
Minimum of Bachelor’s Degree and Master’s Suggested
Accounting, Business, Finance, Mathematics
Math Courses strongly recommended
Calculus, Probability, and Statistics
Actuarial Exams are required for advancement
Four Preliminary Exams
Probability, financial math, Economical math, Actuarial Model
Exams last for two to four hours
Every hour of exam time, 100 hours of study time
Some companies pay for employee exams
Can take four to eight years to complete all exams
Actuaries day can vary
Traveling is possible
Working behind a desk
Long hours and greater than 40 hours/week
Starting around 40k a year
Top level actuaries can range 200-300k
Two major components to salary
Type of company and region will contribute
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CAS. Be an Actuary. CAS/SA, 2011.Web. 21 Nov. 2011. <http://www.beanactuary.org/>.
Labor Statistics."Actuaries."U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, 17 Dec. 2009. Web. 20 Nov. 2011. <http://www.bls.gov/oco/ocos041.htm>.
MyPlan.com. "Actuaries :: Summary." MyPlan.com :: Home. MyPlan, 2004-2011. Web. 18 Nov. 2011. <http://www.myplan.com/careers/actuaries/summary-15-2011.00.html>.