Tuesday, December 7, 2010

The Long Road Ahead

  • I plan to transfer to Thee Ohio State University after 1 year at Columbus State
  • At Ohio State I will be trying to get into the Phisher College of Business
  • Once I get into the program I will be pursuing my bachelors degree in Actuarial Science then my masters
  • Once receiving a degree I will be starting on the examination test I am required to take

Wednesday, December 1, 2010

The Skills Needed to be an Actuary

  • You have to be a very hardworking and diligent person
  • You have to have a ton of background knowledge in math
  • You have to be a business minded person knowing what to do in situations which will affect your company
  • You need to know how to weigh the difference between risk and reward
  • You finally need to be an open minded person and be open to taking risks to better your company

Tuesday, November 23, 2010

Why I Want to Become an Actuary

  • My strongest subject is math and Actuaries deal with tons of math.
  • I really like the other types of jobs that an Actuary Major has to offer is being an actuary doesn't work out.
  • The career itself has very good benefits.
  • The salary is plenty enough to live a comfortable lifestyle.
  • Studies have shown that Actuaries are one of the best jobs because overall they were rated in the top five of all the main categories that jobs are rated by.

Monday, November 15, 2010

Other Important Aspects of Being an Actuary

  • They solve societal and business problems for corporations and government agencies to make decisions.
  • Other types of career fields for actuaries are in banking, investments, computer software company's financial issues and many more fields.
  • The Actuary profession has been annually rated in the top 5 of jobs in America in the past several years.
  • Many Actuaries run their own business so they can do what they want and work on their own schedule.

Sunday, November 7, 2010

Importance to Society

  • They determine the likelyhood of certain types of events
  • Find ways to reduce unwanted events
  • Increase the effect of unwanted event that do end up occuring
  • Actuaries are the backbone to our society's financial security programs
  • The main thing that actuaries do to contribute to society is managing peoples risks so they do not have to worry about it

Monday, November 1, 2010

The Examination Test

  • There are seven different examination tests.
  • If two or more examinations are passed their are better opportunities for employment at higher starting salaries than those who do not.
  • The exams can be taken while your in college
  • Usually the exams are finished typically between 4 to 8 years
  • Many students find work immediately after graduation and can still take the examination test while working.
  • Many people do it this way because most employers pay the fees of examinations while your working for their company.
  • Also, if you pass examination test while working you will get an increase in pay the higher you get.

Sunday, October 24, 2010

Job Outlook

  • Employment is expected to grow much faster than average
  • Actuarial employment is expected to grow about 21 percent from 2008-2018
  • Consulting firms should experience some of the highest employment growth
  • While pension actuaries will decrease in demand over the years
  • Another group that is similar to actuaries that expects growth is financial services and consulting

Sunday, October 17, 2010

$$Salary$$

  • Median annual wages of actuaries were $84,810 in May 2008.
  • The middle 50 percent earned between $62,020 and $119,110.
  • The lowest 10 percent had wages less than $49,150.
  • The top 10 percent earned more than $160,780.

Monday, October 11, 2010

Qualifications for an Actuary

  • Need a strong background in Mathematics and General Business
  • Actuaries usually earn an undergraduate degree in Mathematics or Business
  • Many companies require you to pass the actuarial exam before starting your career
  • Usually Actuaries move around businesses earlier in there career to gain experience for there main job place
  • A Coporate Finance class is required as well

Friday, October 1, 2010

Overall Job Description

  • Actuaries analyze data to estimate the probability and likely cost to the company of an event such as death, sickness, injury, disability, or loss of property.
  • Actuaries generally have a bachelor’s degree and must pass a series of examinations—often taking 4 to 8 years—to gain full professional status.
  • About 55 percent of actuaries are employed by insurance carriers.
  • Actuaries have desk jobs, and their offices usually are comfortable and pleasant. While most actuaries work at least 40 hours a week, those in consulting type jobs may be required to travel and thus work more than 40 hours per week.
  • Median annual wages of actuaries were $84,810 in May 2008. The middle 50 percent earned between $62,020 and $119,110. The lowest 10 percent had wages less than $49,150, while the top 10 percent earned more than $160,780.
  • I got all this information from (http://www.bls.gov/oco/ocos041.htm)

Three Interesting Facts About Me

What I Want to Learn

  • I would like to know exactly how many examination test you have to take.

  • What is the exact salary.

  • What classes do I need to take in college to become a Actuarial Science Major.

  • What internship opportunities does this major offer.

  • How do Actuaries contribute to Society.

  • The Importance of an Actuary.

  • The future employment outcome.

  • Overall job description such as stress level,hours worked per week,environment, and etc.
  • What I Dont Know

    • If there is any other job opportunities of having an Actuarial Science major.
    • Is it very hard to find a job after college with this major
    • What all qualifications do you need
    • Is it a independent job or dependant job
    • I would like to know exactly how many examination test you have to take.
    • The benefits of this job
    • If this major just deals with the insurance field

    What I Know

    • Actuarial Science Majors deal with the mathematical and statistical side of insurance planning,benefit plans, and pension plans.
    • To have a degree u have to have a ton of background knowledge in mathematics.
    • Its usually a 4 year degree.
    • Although you have to pass a series of examination tests
    • The salary to be an actuary is considered to be really good.
    • Usually actuaries work in a large business firm or a small insurance company.