An actuary is a business professional analyzes the financial cost of risks and uncertainty. They use their mathematic, statistics, and financial skills to study the risk that an event will occur and help businesses and clients develop policies that would minimize their cost of that risk. Actuaries are often work to the insurances industry. One of the main reason to choose this career is because I have a strong mathematic skills. I really enjoy the work that associate with problem solving and analyzation. I hope this career could continuously challenge myself. Actuary had first appeared in the Europe during 17-century. Actuarial professional had begun in the North American in the 19 century. In the early days, people had start realized
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However, you don’t have to major in actuarial science to become an actuary. Many students come to be profession from backgrounds in math, statistics, finance, economics and other areas. Students who wanted to be an actuary has an undergraduate degree in mathematics, actuarial science, statistics, or other analytical field. Courses such as calculus, accounting and management are essential for the students as well. Students should also complete coursework in economic, applied statistics, and corporate finance to become certified professionals. Other course work such as computer science, programming languages, and the ability to use the develop spread databases, and statistical analysis tools are also helpful. Students would gain experience through internships. However, most entry-level actuaries start our as trainees. They would join the teams with more experienced actuaries. They were first perform basic tasks such as compiling data. They will also conduct research and write reports. Actuaries’ beginners would usually spend more time working in other department, such as marketing, product development, to learn all aspects of the company. There was a series of exams needed to become an actuary. However, unlike other professionals, one can have the opportunity to work as an actuary while completing the examination process. The exam may take up to six years to complete, therefore many students …show more content…
However, some actuaries might require to travel frequently to meet with clients. They typical work with teams which often include managers and professionals in other field. Karen Detoro, who work at Delotte Consulting LLPA, he work as an actuarial consultant. He travel throughout the country to work for a specific client at their office. However, this was just one example. There were other actuary that does not travel as frequently. Actuary have been consistently rated as one of the top-ranked job in America, not only with high salary but also job security. Most Actuary work in the big cities. The median annual wage for actuaries in 2012 was $ 93,680. As a beginner, the median wage could be as high as $55,780. Employment of actuaries is projected to grow 26 percent from 2012-2022 which is much faster than the average for all occupation. Most actuary worked in the insurance industry for carriers, agencies, and brokerages. Some work for consulting firms. A few were
However, you don’t have to major in actuarial science to become an actuary. Many students come to be profession from backgrounds in math, statistics, finance, economics and other areas. Students who wanted to be an actuary has an undergraduate degree in mathematics, actuarial science, statistics, or other analytical field. Courses such as calculus, accounting and management are essential for the students as well. Students should also complete coursework in economic, applied statistics, and corporate finance to become certified professionals. Other course work such as computer science, programming languages, and the ability to use the develop spread databases, and statistical analysis tools are also helpful. Students would gain experience through internships. However, most entry-level actuaries start our as trainees. They would join the teams with more experienced actuaries. They were first perform basic tasks such as compiling data. They will also conduct research and write reports. Actuaries’ beginners would usually spend more time working in other department, such as marketing, product development, to learn all aspects of the company. There was a series of exams needed to become an actuary. However, unlike other professionals, one can have the opportunity to work as an actuary while completing the examination process. The exam may take up to six years to complete, therefore many students …show more content…
However, some actuaries might require to travel frequently to meet with clients. They typical work with teams which often include managers and professionals in other field. Karen Detoro, who work at Delotte Consulting LLPA, he work as an actuarial consultant. He travel throughout the country to work for a specific client at their office. However, this was just one example. There were other actuary that does not travel as frequently. Actuary have been consistently rated as one of the top-ranked job in America, not only with high salary but also job security. Most Actuary work in the big cities. The median annual wage for actuaries in 2012 was $ 93,680. As a beginner, the median wage could be as high as $55,780. Employment of actuaries is projected to grow 26 percent from 2012-2022 which is much faster than the average for all occupation. Most actuary worked in the insurance industry for carriers, agencies, and brokerages. Some work for consulting firms. A few were