What is an Actuary?
What do Actuaries do?
We manage risk. It's what we do. With unbeatable analytical skills, we help organizations plan for the future and protect themselves from loss. By understanding the very nature of risk, we play a key role in the psychological, physical, and financial stability of society. With our help, businesses can grow, retirees can invest with confidence, and people can enjoy peace of mind.
We love what we do. It only makes sense that ours is a top-ranked job. After all, we earn high incomes in low-stress environments. We enjoy a harmonious work/life balance. Our work is intellectually stimulating. And we work in a variety of settings. But no matter where we work, this career comes with one great perk: the satisfaction of solving problems and having an impact.
We are the backbone of financial security. Insurance companies, financial planners, and many multinational corporations are hesitant to make certain moves without consulting us first. That's because the problems we solve provide a safeguard against catastrophe and this gives them the confidence to grow. And that benefits everyone.
The future is uncertain and full of risk. Risk is the chance that an undesirable event will occur, but risk is also opportunity. That's where we come in.
Information Source: Be An Actuary http://www.beanactuary.org/what/
We love what we do. It only makes sense that ours is a top-ranked job. After all, we earn high incomes in low-stress environments. We enjoy a harmonious work/life balance. Our work is intellectually stimulating. And we work in a variety of settings. But no matter where we work, this career comes with one great perk: the satisfaction of solving problems and having an impact.
We are the backbone of financial security. Insurance companies, financial planners, and many multinational corporations are hesitant to make certain moves without consulting us first. That's because the problems we solve provide a safeguard against catastrophe and this gives them the confidence to grow. And that benefits everyone.
The future is uncertain and full of risk. Risk is the chance that an undesirable event will occur, but risk is also opportunity. That's where we come in.
Information Source: Be An Actuary http://www.beanactuary.org/what/
Career Opportunities
The insurance industry can’t function without actuaries. We calculate their costs and determine the premiums for policyholders; and while we don’t forecast the weather, we can tell them how much they can expect to pay in claims after the next Florida hurricane.
Private corporations rely on our risk evaluation to frame their strategic management decisions. And because our judgment is highly valued, our career paths often lead to upper management and executive positions.
We’re also employed as consultants. Whether we’re part of a nationwide firm or an independent one-person practice, we help companies design pension and benefit plans, evaluate assets and liabilities, and stare down risk–all alongside top executives.
We work for the government too, helping manage its programs and overseeing public companies to ensure compliance with regulatory laws.
We also work for:
Colleges and universities
Banks and investment firms
Public accounting firms
Labor unions
Rating bureaus
Fraternal organizations
Private corporations rely on our risk evaluation to frame their strategic management decisions. And because our judgment is highly valued, our career paths often lead to upper management and executive positions.
We’re also employed as consultants. Whether we’re part of a nationwide firm or an independent one-person practice, we help companies design pension and benefit plans, evaluate assets and liabilities, and stare down risk–all alongside top executives.
We work for the government too, helping manage its programs and overseeing public companies to ensure compliance with regulatory laws.
We also work for:
Colleges and universities
Banks and investment firms
Public accounting firms
Labor unions
Rating bureaus
Fraternal organizations
Information Source: Be An Actuary http://www.beanactuary.org/what/
How the Profession Ranks Nationwide
Consistently, Actuarial Science and other math-related jobs are ranked highest of all professions. In fact, CNBC's 2013 list of best jobs in America crowns Actuarial Science as #1 based on "income, outlook, environmental factors, stress and physical demands."
1. Actuary
2. Biomedical Engineer
3. Software Engineer
4. Audiologist
5. Financial Planner
(Read Full Article)
A recent article by Eve Tahmincioglu in NBC news listed "Actuary" as #3 in the nation.
1. Software Engineer
2. Mathematition
3. Actuary
4. Statistician
5. Computer Systems Analyst
(Read Full Article)
1. Actuary
2. Biomedical Engineer
3. Software Engineer
4. Audiologist
5. Financial Planner
(Read Full Article)
A recent article by Eve Tahmincioglu in NBC news listed "Actuary" as #3 in the nation.
1. Software Engineer
2. Mathematition
3. Actuary
4. Statistician
5. Computer Systems Analyst
(Read Full Article)