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actuaries

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

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  1. actuaries By Bobby McGann

  2. Description Someone who calculates financial risk & uncertainty Study and Analyze numbers Have a strong background in math College Degree + additional certifications possibly required

  3. Career Projections • Accounting/Finance • Insurance Agents • Brokers • Land surveyors

  4. 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

  5. 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

  6. 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

  7. Typical Day Actuaries day can vary Traveling is possible Working behind a desk Long hours and greater than 40 hours/week

  8. 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

  9. Summary • Actuary career path is promising • Job will not become obsolete • Mathematics is the biggest component • Can make a good living

  10. 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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