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
