Profession

Actuary


Description

Purdue University describes an Actuary as a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. Actuaries may work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks and investment firms, or, more generally, in businesses that need to manage financial risk. A career as an Actuary is better described as a "business" career with a mathematical basis than as a "technical" mathematical career.

Job Prospect

Medium

Work Environment

Actuaries may work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks and investment firms, or, more generally, in businesses that need to manage financial risk.

General and Personal Skills Required

Average Salary

Cost of Training

Recommended Level of Education

Masters

Professional Skills / Tools Required

Advanced mathematical skills Analytical and problem-solving skills Solid communication and computing skills

Associated Disciplines

Statistics