1 / 13

Me? An Actuary? What is that?

Me? An Actuary? What is that?. Presented by the:. What Is An Actuary?. Actuaries are professionals who provide expert advice and solutions for business problems that involve financial risk. We find patterns from the past to project the future.

sheila-odom
Download Presentation

Me? An Actuary? What is that?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Me? An Actuary? What is that? Presented by the:

  2. What Is An Actuary? • Actuaries are professionals who provide expert advice and solutions for business problems that involve financial risk We find patterns from the past to project the future

  3. “Actuary” – Rated One of the Best Jobs in America! • Being an Actuary has been consistently rated as one of the top four best jobs in the U.S. by the Jobs Rated Almanac in each of its six editions • Stress Ratings are based on: • Income • Security • Environment • Physical Demands Employment Outlook

  4. Where Do Actuaries Work?

  5. Top 10 Reasons to Become an Actuary: • You want a career that is dynamic and challenging 9. You don’t want to go to graduate school 8. You want a career with superior job security through economic cycles 7. You want a professional title, but don’t want to be an Accountant, Doctor, or Lawyer 6. You want a career where you can make a difference in major issues facing us and make a difference in people’s lives 10, 9, 8, 7, 6

  6. Top 10 Reasons to Become an Actuary: 5. You would like to “earn while you learn” 4. You want a career that you can control because advancement is merit-based 3. You want to be able to choose among several outstanding job offers with a highly competitive salary and excellent benefits 2. You are self-motivated, goal oriented, and have superior math aptitude and communication skills AND… 5, 4, 3, 2

  7. 1 …The # 1 Reason to Become an Actuary… • You love math & want a job where you love what you do

  8. What Should YOU do to Become an Actuary? • Aim for a broad-based education that concentrates on business and mathematics • Business courses, such as finance, accounting, management, economics, and computer science will increase career options • Courses in English, speech, and business writing will help you acquire the communications skills that actuaries need • Whatever your major, it is essential to have a strong math background. Your curriculum should include math courses, such as calculus, probability, statistics, and any actuarial science courses offered by your school Source: www.BeAnActuary.org

  9. The Exam Process • Actuarial exams are administered by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) • Professional designations exist for each organization: • Associate (either ASA or ACAS) • CERA New(Certified Enterprise Risk Analyst) • Fellow(either FSA or FCAS)

  10. “Earn While you Learn” • During the exam process, actuaries typically receive on-the-job training • Additionally, employers may: • Grant exam study time during work hours • Offer review courses and study materials • Pay exam registration fees • Award raises for each exam passed • However… • Most employers prefer to hire people who have started the series of examinations on their own, and have passed at least one or two exams

  11. Earn a Great Salary! Source: www.dwsimpson.com/salary.html

  12. Next Steps to Become an Actuary Full-Time Employment Summer Actuarial Program Begin the CAS or SOA exam process Rigorous math and business courses BeAnActuary.org IABA website

  13. Now That You Know ... …Find out more at: www.blackactuaries.org

More Related