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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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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>.