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Actuary Career Guide: High-Demand Job Opportunities and Future Prospects

Discover the role of actuaries in financial risk management and insurance. Learn how to become an actuary, including exams and internship tips. Stay updated on career events, workshops, and social activities organized by the Student Actuaries at Michigan (SAM) club.

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Actuary Career Guide: High-Demand Job Opportunities and Future Prospects

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  1. Mass Meeting Winter 2019

  2. What is an Actuary? SAM Career Resources SAM Social Events

  3. What is an Actuary? SAM Career Resources SAM Social Events

  4. High Level Definition What are the financial implications today? There are risks I want to take There are risks I want to take There is a cost for taking risks Typically, insurance companies or consultants are tasked with answering this question...

  5. Business Questions Actuaries Help Answer • How much should auto insurance on a self-driving car cost? • Which pharmaceutical drugs should a health insurer cover in their policies? • How should a life insurance company adapt to a low-interest rate environment? • What kind of executive compensation structure should a consultant recommend to their client?

  6. Top Ranked Job Why Become an Actuary? High Demand & Growth High Salary Work/Life Balance No Graduate School

  7. How Do I Become an Actuary? Major Actuarial Math degree, but can also be other math-related subject Exams Given by SOA or CAS, series of professional exams that culminate in a FSA or FCAS credential Internships Good GPA + Pass Actuarial Exam(s) + Join SAM = Find Internship

  8. Exams and VEEs

  9. SOA CAS Industry Overview Insurance Insurance Consulting Consulting

  10. SOA Tracks Health Life Retirement

  11. CAS Tracks Property Casualty

  12. Consulting

  13. Business Additional Skills Computer Science Data Science Statistics Economics

  14. What is an Actuary? SAM Career Resources SAM Social Events

  15. What We Do Professional Workshops Office / Company Visits Career / Exam Advice Actuarial Career Fair!

  16. Upcoming Schedule 1/18 Excel Workshop 1/18 SAM Party! 1/24 Humana Speaker Series 1/29 Basics of Finance 9/20 International 9/14, 9/20, 9/24, & 9/25 Resume OHs 9/20 - 10/3 Mock Interviews

  17. Visit SAM Website: sam.math.lsa.umich.edu

  18. What is an Actuary? SAM Career Resources SAM Social Events

  19. Social Events! SAM Party 1/18 Coffee Chats Bowling Paint the Rock Mentorship Program

  20. SAM Board Elections Elections will be held in March Pre-election interviews with Senior Board Members Details will be sent out later Something to keep in mind for committed students Please come vote in elections!

  21. Dues Reminder Membership Dues • $35 for the year • Dues help fund all club activities • You won’t be reimbursed for actuarial exams if you don’t pay dues Payment Methods For BOTH payment methods, please include: Name (First, Last) Uniqname UMID#

  22. Connect with SAM on Social Media! “Student Actuaries at Michigan” www.facebook.com/groups/SAMUM/ “University of Michigan Actuaries” www.linkedin.com/groups/2486220

  23. Pick up a SAM t-shirt if you paid dues!

  24. Contact Info: Program Director: Professor Natarajan: rogernat@umich.edu President: Nabil Ahmed: nabilah@umich.edu VP: Brad Pineless: pineless@umich.edu Career Chair: Tom Rothwell: tjroth@umich.edu Career Chair: Kristen Miele: knmiele@umich.edu Secretary: Yuan (Vera) Shi: yuanshi@umich.edu Treasurer: Liam Flynn: lhflynn@umich.edu International Liaison: Zhendong Chen: zhendong@umich.edu Social Chair: Erica Dawson: emdawson@umich.edu Webmaster: Nomin Bat-Otgon: baenomin@umich.edu IM Chair: Max Weide: maxweide@umich.edu UC Ambassador: Jiazhen Yang: jiazheny@umich.edu Questions?

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