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Job Roles

Explore Job Roles: Actuaries

Learn about the average salary, relevant studies, and common path after college to finding a job role as an Actuary.

What is an Actuary?

Actuaries are people who compile and analyze a company’s stats and utilize that data to predict insurance risks. A lot of their role utilizes statistics and financial theory to understand the possible future of one’s financials.

Where does an Actuary work?

  • Insurance companies
  • Banks and investment companies
  • Consulting firms

How much do Actuaries make?

Based on real new grad salaries reported through Handshake, the median annual salary for an Actuary is $63,534.

What majors are typically interested in becoming Actuaries?

One’s major doesn’t necessarily determine their career, but these are some common majors of those who end up pursuing actuary jobs.

  • Finance majors
  • Math majors
  • Business majors
  • Accounting majors

Actuary skills and competencies:

On top of a relevant degree and formal training, here are some professional skills that can help aspiring Actuaries succeed in their work:

  • Strong attention to detail
  • Mathematics and statistics trainings
  • Interpersonal communication skills

What are some common questions about Actuaries?

Q: How many actuary exams are there?

A: Six exams!

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