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!