- 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 24, 2010
Job Outlook
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
- I played varsity basketball for 3 years at my high school.
- I job shadowed the famous sports analyst Clark Kellogg.
- I am left handed.
- I have also met Evan Turner. http://sports.espn.go.com/ncb/player/profile?playerId=36135
What I Want to Learn
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.
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