Are you looking for an extremely well paying job that requires intense study, statistical analysis, and analytical skills? As an Actuary, you’ll be working with numbers to predict future economic circumstances:
Here are some great lessons from the video:
- Actuaries are a rare breed of problem solver in the business world, as there are under 20,000 at work in North America.
- They are in high demand in the financial securities and insurance industries because of their abilities to put a price tag on probabilities.
- Mathematical models are used to project future risks and improve financial decision.
- They typically enter the field with specialized math skills in statistics, calculus, and probability, but also require sharp analytical, project management, finance, and economics skills.
- In add to being good with numbers, they must be able to translate their conclusions to clients and coworkers.
- On the job training can last over a decade as you pass 8 required exams to become fully accredited. This can be very time consuming, as 400 hours of study are recommended for each exam.
- The field is growing as multi national firms and government organizations call on actuaries to create projections for economic events.
- All this work pays off, as salaries are usually well over six figures.
As an actuary, you’ll be involved in intellectually stimulating projects everyday to help businesses predict future financial conditions. To learn more about this very challenging career, visit the Actuary Job Description section of our site.