Introduction to Actuarial Science
WHAT IS AN ACTUARY?
Actuaries measure and manage risk. Actuaries have a deep understanding of mathematics, statistics and business management. With this, they help businesses grow and provide value to their customers. Actuaries help leaders make strategic decisions and consumers prepare for their future.
Actuaries are in demand. They work for and with businesses with a financial focus. Businesses including insurance-life, health, property-casualty, even pet insurance. Also, banking, investments, government, energy, e-commerce, marketing, employee benefits, product development, enterprise risk management, predictive analytics, consulting and more.
Source: https://www.soa.org/future-actuaries/what-is-an-actuary/
Actuaries are in demand. They work for and with businesses with a financial focus. Businesses including insurance-life, health, property-casualty, even pet insurance. Also, banking, investments, government, energy, e-commerce, marketing, employee benefits, product development, enterprise risk management, predictive analytics, consulting and more.
Source: https://www.soa.org/future-actuaries/what-is-an-actuary/
a DAY IN THE LIFE
Actuaries’ work varies by practice area and by role. "In-house" actuaries focus on a single company and its customers. They may commute to the same office daily. Consulting actuaries may work across several industries. Extensive travel may be a requisite part of their job.
Variety comes at an individual level, too. From hour to hour and day to day, actuaries use a diverse array of skills. Take a glimpse into several actuaries daily work and lives. Ask these same actuaries if they enjoy their work, and they will answer in unison: “Yes!” The actuarial profession consistently ranks high on lists of desirable jobs.
VISIT www.soa.org/future-actuaries/day-in-the-life/ TO SEE THE DAY IN LIFE OF AN ACTUARY!
Variety comes at an individual level, too. From hour to hour and day to day, actuaries use a diverse array of skills. Take a glimpse into several actuaries daily work and lives. Ask these same actuaries if they enjoy their work, and they will answer in unison: “Yes!” The actuarial profession consistently ranks high on lists of desirable jobs.
VISIT www.soa.org/future-actuaries/day-in-the-life/ TO SEE THE DAY IN LIFE OF AN ACTUARY!
CAREER PATH
The actuarial profession is perfect for individuals who enjoy challenges and problems solving. Those who develop a track-record of success will have many opportunities for growth and advancement.
Most employers of actuaries award merit increases as you gain experience and pass the actuarial examinations. Most companies also offer cash bonuses, salary increases, and promotions for each professional designation achieved.
Skills acquired by actuaries, especially the quantitative analysis of risk, are valued in the marketplace. As such, those who have the will to succeed can aspire to career advancement with an actuarial credential.
The U.S. Department of Labor, Bureau of Labor Statistics projects that employment opportunities for actuaries will increase much faster than the average rate.
Source: http://www.beanactuary.org/why/?fa=career-outlook
Most employers of actuaries award merit increases as you gain experience and pass the actuarial examinations. Most companies also offer cash bonuses, salary increases, and promotions for each professional designation achieved.
Skills acquired by actuaries, especially the quantitative analysis of risk, are valued in the marketplace. As such, those who have the will to succeed can aspire to career advancement with an actuarial credential.
The U.S. Department of Labor, Bureau of Labor Statistics projects that employment opportunities for actuaries will increase much faster than the average rate.
Source: http://www.beanactuary.org/why/?fa=career-outlook
PREPARING FOR A CAREER AS AN ACTUARY
Please see EDUCATION & EXAMS for suggested courses and other Cornell-specific actuarial resources.
