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.

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.

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

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.

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

$$Salary$$

• 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.

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