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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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Presentation Transcript
actuaries

actuaries

By Bobby McGann

description
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
Career Projections
  • Accounting/Finance
  • Insurance Agents
  • Brokers
  • Land surveyors
education skill requirements
Education & Skill Requirements

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

actuarial exams
Actuarial Exams

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

advancement potential
Advancement Potential
    • Becoming the head of department
    • High ranking officer for company
    • Depends on experience and Exams passed
  • Type of company and region helps determine advancement
typical day
Typical Day

Actuaries day can vary

Traveling is possible

Working behind a desk

Long hours and greater than 40 hours/week

salary
Salary

Starting around 40k a year

Top level actuaries can range 200-300k

Two major components to salary

Experience

Exams passed

Type of company and region will contribute

summary
Summary
  • Actuary career path is promising
  • Job will not become obsolete
  • Mathematics is the biggest component
  • Can make a good living
work cited
Work Cited

Actuarial Careers, Inc. "Actuarial Careers."Actuarial Careers - Actuarial Jobs Online. Actuarial Careers, Inc, 2011. Web. 21 Nov. 2011. <http://www.actuarialcareers.com/>.

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>.

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