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Actuary – what they do

Actuary – what they do. “Risk Analyst” – Uses Statistics and Probability Theory to quantify risks. Insurance Actuary, Pension Actuary Works at Insurance company (Auto, Health, Life Home, etc.), Financial Institution, Government, Accounting Firms. Career Outlook.

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Actuary – what they do

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  1. Actuary – what they do • “Risk Analyst” – Uses Statistics and Probability Theory to quantify risks. • Insurance Actuary, Pension Actuary • Works at Insurance company (Auto, Health, Life Home, etc.), Financial Institution, Government, Accounting Firms.

  2. Career Outlook • Ranked #1 in CareerCast.com and others • High-Pay Low-stress Job • Median pay $126,000 (CNNMoney) • 0 year+2 Exams (50-68K) (middle 85% range) • 5 years + Associate (95-148K) • 10 years + Fellow (147-249K) http://www.ezrapenland.com/salary/

  3. How to become Actuary? • Must pass 10 exams to be Fellow. (6 exams = Associate) Typically takes 6-10years after graduation. • Some companies will pay to study. (e.g. 2hrs/day) • Majoring in Stats with AS option will prepare you for first 4 exams. • 2 exams + internship + project is a great start for a somebody with BS.

  4. Where our students work • Progressive • National Interstate Insurance • Tigret • …..

  5. Reference and Contacts • BeAnActuary.com - Great resource for everything about Actuarial Career • NaoMimotoDept. of Statistics CAS 413 nmimoto@uakron.edu

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