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Actuaries use mathematics, statistics, and financial theory to analyze the financial costs of risk and uncertainty.

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Summary

Video transcript available at https://www.youtube.com/watch?v=oy6_S6EzOHw.

Quick Facts: Actuaries
2020 Median Pay

$111,030 per year
$53.38 per hour

Actuaries use mathematics, statistics, and financial theory to analyze the economic costs of risk and uncertainty.

Most actuaries work for insurance companies. Although most work full time in an office setting, some actuaries who work as consultants travel to meet with clients.

Actuaries typically need a bachelor's degree to enter the occupation and must pass a series of exams to become certified. They must have a strong background in mathematics, statistics, and business.

The median annual wage for actuaries was $111,030 in May 2020.

Employment of actuaries is projected to grow 24 percent from 2020 to 2030, much faster than the average for all occupations.

About 2,400 openings for actuaries are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

Explore resources for employment and wages by state and area for actuaries.

Compare the job duties, education, job growth, and pay of actuaries with similar occupations.

Learn more about actuaries by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.

Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries' work is essential to the insurance industry.

Duties

Actuaries typically do the following:

Compile and analyze statistical data and other information

Estimate the probability and likely economic cost of an event such as death, sickness, an accident, or a natural disaster

Design and test insurance policies, investments, and other business strategies to minimize risk and maximize profitability

Calculate cash reserves needed, based on existing policies and liabilities, in case of payout or claims

Produce charts, tables, and reports that explain calculations and proposals

Explain their findings and proposals to company executives, government officials, shareholders, and clients

Actuaries use database software to compile information. They use statistical and modeling software to forecast the probability of an event occurring, the potential costs of the event if it does occur, and whether the insurance company has enough money to pay future claims.

Actuaries typically work on teams that often include managers and workers from other fields, such as accounting, underwriting, and finance. For example, some actuaries work with accountants and financial analysts to set the price for security offerings or with market research analysts to forecast demand for new products.

Most actuaries work for insurance companies, where they help design policies and determine the premiums that should be charged for each policy. They must ensure that the premiums are profitable yet competitive with other insurance companies.

Some actuaries work as consultants and provide advice to clients on a contract basis. Many consulting actuaries audit the work of internal actuaries at insurance companies or handle actuarial duties for insurance companies that are not large enough to keep their own actuaries on staff.

Actuaries in the insurance industry typically specialize in one field of insurance, such as the following:

Health insurance actuaries help develop long-term care and health insurance policies by predicting expected costs of providing care under the terms of an insurance contract. Their predictions are based on numerous factors, including family history, geographic location, and occupation.

Life insurance actuaries help develop annuity and life insurance policies for individuals and groups by creating estimates of how long someone will live. These estimates are based on risk factors, such as age and tobacco use.

Property and casualty insurance actuaries help develop policies that insure policyholders against property loss and liability resulting from accidents, natural disasters, fires, and other events. For example, they calculate the expected number of claims resulting from automobile accidents, which varies with the insured person's age, driving history, type of car, and other factors.

Some actuaries apply their expertise to financial matters outside of the insurance industry. For example, they develop investment strategies that manage risks and maximize returns for companies or individuals. Actuaries outside of the insurance industry include the following:

Enterprise risk management actuaries identify risks, including economic, financial, and geopolitical risks that may affect a company's short-term or long-term objectives. They help top executives determine how much risk the business is willing to take, and they develop strategies to mitigate the financial impact of those risks.

Pension and retirement benefits actuaries design, test, and evaluate company pension plans to determine if funds available in the future will be enough to ensure payment of benefits. They must report the results of their evaluations to the federal government. Pension actuaries also help businesses develop other types of retirement benefits, such as 401(k)s and healthcare plans for retirees. In addition, they provide retirement planning advice to individuals.

Public sector actuaries have different duties, based on the level of government in which they work. In the federal government, actuaries may evaluate proposed changes to Social Security or Medicare or conduct economic and demographic studies to project benefit obligations. At the state level, actuaries may examine and regulate the rates charged by insurance companies.

Actuaries held about 27,700 jobs in 2020. The largest employers of actuaries were as follows:

Finance and insurance

76%

Professional, scientific, and technical services

11

Management of companies and enterprises

5

Government

4

Self-employed workers

2

Actuaries typically work on teams that often include managers and professionals in other fields, such as accounting, underwriting, and finance.

Although actuaries usually work in an office setting, those who work for consulting firms may need to travel to meet with clients.

Work Schedules

Most actuaries work full time, and some work more than 40 hours per week.

To enter the occupation, actuaries typically need a bachelor's degree in mathematics, actuarial science, statistics, or some other analytical field. Students must complete coursework in subjects such as economics, applied statistics, and corporate finance and must pass a series of exams to become certified.

Education

Actuaries need a strong background in mathematics, statistics, and business. Typically, actuaries have an undergraduate degree in mathematics, business, actuarial science, or some other analytical field.

To become certified, students must complete coursework in subjects such as economics, statistics, and corporate finance. Coursework in computer science, especially programming languages, and the ability to use and develop spreadsheets, databases, and statistical analysis tools also is important.

Because the different types of practice areas include health, life, pension, and casualty, internships may be helpful for students deciding on which actuarial track to pursue.

Licenses, Certification, and Registrations

Two professional organizations-the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA)-offer two levels of certification: associate and fellow.

The CAS certifies actuaries who work in the property and casualty field, which includes automobile, homeowners, commercial, and workers' compensation insurance.

The SOA certifies actuaries who work in life insurance, health insurance, retirement benefits, investments, and finance.

Both credentials require candidates to complete coursework in economics, finance, and mathematical statistics while in college. Candidates also must pass a series of exams and take seminars on professionalism.

Many employers expect prospective hires to have passed at least one or two of these certification exams before graduation.

It may take up to 7 years for an actuary to earn the associate-level certification because of the lengthy preparation required. After becoming associates, actuaries typically take several more years to earn fellowship status. Both the CAS and the SOA have a continuing education requirement.

The SOA offers fellowship certification in five separate tracks: life and annuities, group and health benefits, retirement benefits, quantitative finance and investments, and corporate finance/enterprise risk management. Unlike the SOA, the CAS does not offer specialized study tracks for fellowship certification.

Pension actuaries typically must be licensed by the U.S. Department of Labor and U.S. Department of the Treasury's Joint Board for the Enrollment of Actuaries. Licensed pension actuaries, known as enrolled actuaries, must meet certain experience requirements and pass exams administered through the SOA.

Training

Entry-level actuaries typically start out as trainees. They are usually on teams with experienced actuaries who serve as mentors. Trainees begin work on basic tasks, such as compiling data, and take on more complex duties, such as conducting research and writing reports, as they gain experience. Trainees also may work in other departments, such as marketing, underwriting, and product development, to learn how actuaries fit into all aspects of a company.

Most employers support their actuaries throughout the certification process. For example, employers may pay the cost of exams and study materials or provide paid time to study. Employees may receive raises or bonuses for each exam that they pass.

Advancement

Advancement usually depends on job performance and the number of actuarial exams passed. For example, actuaries who achieve fellowship status often supervise the work of other actuaries and provide input to senior management. Actuaries with a broad knowledge of risk management and how it applies to business may advance to become top executives, such as chief risk officers or chief financial officers.

Important Qualities

Analytical skills. Actuaries identify patterns and trends in complex sets of data to determine the factors that affect certain types of events.

Communication skills. Actuaries must be able to explain complex technical matters to those without an actuarial background. They also must describe their work and recommendations clearly in written reports and memos.

Computer skills. Actuaries must know programming languages and be able to use and develop spreadsheets, databases, and statistical analysis tools.

Interpersonal skills. Actuaries serve as leaders and members of teams, so they must be able to listen to and collaborate with others.

Math skills. Actuaries quantify risk by using the principles of calculus, statistics, and probability.

Problem-solving skills. Actuaries identify risks and develop ways for businesses to manage those risks.

Median annual wages, May 2020

The median annual wage for actuaries was $111,030 in May 2020. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $66,030, and the highest 10 percent earned more than $196,010.

In May 2020, the median annual wages for actuaries in the top industries in which they worked were as follows:

Professional, scientific, and technical services

$113,780

Finance and insurance

112,800

Government

110,430

Management of companies and enterprises

99,550

Most actuaries work full time, and some work more than 40 hours per week.

Employment of actuaries is projected to grow 24 percent from 2020 to 2030, much faster than the average for all occupations.

About 2,400 openings for actuaries are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

Employment

Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new risks.

More actuaries also will be needed to help companies manage their own risk, a practice known as enterprise risk management. These actuaries help companies adjust their business or investment strategies across all areas of operation.

Insurance companies will need actuaries to analyze the large amount of information, such as medical or property data, collected from consumers. These data will allow insurance companies to develop new products, set competitive prices, predict consumer behavior, and improve projections of future risks and costs.

In addition, health insurance companies will require more actuaries to help evaluate the effects of changing healthcare regulations and guidelines, expand into new insurance markets, and offer products to new customers.

Occupational Title

SOC Code

Employment, 2020

Projected Employment, 2030

Change, 2020-30

Employment by Industry

Percent

Numeric

Actuaries

15-2011

27,700

34,500

24

6,800
Get data

Occupational Employment and Wage Statistics (OEWS)

The Occupational Employment and Wage Statistics (OEWS) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link(s) below go to OEWS data maps for employment and wages by state and area.

Projections Central

Occupational employment projections are developed for all states by Labor Market Information (LMI) or individual state Employment Projections offices. All state projections data are available at www.projectionscentral.com. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state's websites where these data may be retrieved.

CareerOneStop

CareerOneStop includes hundreds of occupational profiles with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a salary info tool to search for wages by zip code.

For more information about actuaries, visit
American Academy of Actuaries
For more information about actuaries in property and casualty insurance, visit
Casualty Actuarial Society
For more information about actuaries in life and health insurance, retirement benefits, investments, and finance/enterprise risk management, visit
Society of Actuaries
For more information about how to become an actuary, visit
Be an Actuary
For more information about pension actuaries and their licensing requirements, visit
American Society of Pension Professionals and Actuaries
U.S. Department of Labor and U.S. Department of the Treasury's Joint Board for the Enrollment of Actuaries

O*NET
Actuaries

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Video transcript available at https://www.youtube.com/watch?v=oy6_S6EzOHw. Quick Facts: Actuaries 2020 Median Pay $111,030 per year $53.38 per hour Actuaries use mathematics, statistics, and financial theory to analyze the economic costs of risk and uncertainty. Most actuaries work for insurance companies. Although most work full time in an office setting, some actuaries who work as consultants travel to meet with clients.

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In 2017 the median pay for actuaries was $101,000. The top 25% made $140,820 in the same year and the bottom 25% made $75,000.

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Step 1- Obtain a bachelor's degree, majoring in mathematics, statistics or actuarial science.

Step 2- To become a certified actuary, you need to pass a series of actuarial exams.

Step 3- You're all set!

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-it's a low stress job
-requires lots of math, which I find myself best suited for.
- ranked top 6 in all business jobs
- ranked #23 in best paying jobs
- ranked #33 in best 100 jobs.

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An Actuary requires a 4 year bachelors degree through a typical college, after college it typically takes 4 to 7 years to earn the associate-level certification which includes taking exams, each requiring hundreds of hours of study and months of preparation. So overall, it will take around 10 years to become one.

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Analytical skills
Communication skills
Computer skills
Interpersonal skills
Math skills
Problem-solving skills

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Summary

Video transcript available at https://www.youtube.com/watch?v=oy6_S6EzOHw.

Quick Facts: Actuaries
2018 Median Pay

$102,880 per year
$49.46 per hour

Actuaries use mathematics, statistics, and financial theory to analyze the financial costs of risk and uncertainty.

Most actuaries work for insurance companies. Although most work full time in an office setting, some actuaries who work as consultants may travel to meet with clients.

Actuaries need a bachelor's degree and must pass a series of exams to become certified professionals. They must have a strong background in mathematics, statistics, and business.

The median annual wage for actuaries was $102,880 in May 2018.

Employment of actuaries is projected to grow 20 percent from 2018 to 2028, much faster than the average for all occupations. However, because it is a small occupation, the fast growth will result in only about 5,000 new jobs over the 10-year period. Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new, emerging risks.

Explore resources for employment and wages by state and area for actuaries.

Compare the job duties, education, job growth, and pay of actuaries with similar occupations.

Learn more about actuaries by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.

Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries' work is essential to the insurance industry.

Duties

Actuaries typically do the following:

Compile statistical data and other information for further analysis

Estimate the probability and likely economic cost of an event such as death, sickness, an accident, or a natural disaster

Design, test, and administer insurance policies, investments, pension plans, and other business strategies to minimize risk and maximize profitability

Produce charts, tables, and reports that explain calculations and proposals

Explain their findings and proposals to company executives, government officials, shareholders, and clients

Most actuarial work is done with computers. Actuaries use database software to compile information. They use advanced statistics and modeling software to forecast the probability of an event occurring, the potential costs of the event if it does occur, and whether the insurance company has enough money to pay future claims.

Actuaries typically work on teams that often include managers and professionals in other fields, such as accounting, underwriting, and finance. For example, some actuaries work with accountants and financial analysts to set the price for security offerings or with market research analysts to forecast demand for new products.

Most actuaries work at insurance companies, where they help design policies and determine the premiums that should be charged for each policy. They must ensure that the premiums are profitable yet competitive with other insurance companies.

Actuaries in the insurance industry typically specialize in a specific field of insurance, such as one of the following:

Health insurance actuaries help develop long-term care and health insurance policies by predicting expected costs of providing care under the terms of an insurance contract. Their predictions are based on numerous factors, including family history, geographic location, and occupation.

Life insurance actuaries help develop annuity and life insurance policies for individuals and groups by estimating, on the basis of risk factors such as age, gender, and tobacco use, how long someone is expected to live.

Property and casualty insurance actuaries help develop insurance policies that insure policyholders against property loss and liability resulting from accidents, natural disasters, fires, and other events. They calculate the expected number of claims resulting from automobile accidents, which varies with the insured person's age, sex, driving history, type of car, and other factors.

Some actuaries apply their expertise to financial matters outside of the insurance industry. For example, they develop investment strategies that manage risks and maximize returns for companies or individuals.

Pension and retirement benefits actuaries design, test, and evaluate company pension plans to determine if the expected funds available in the future will be enough to ensure payment of future benefits. They must report the results of their evaluations to the federal government. Pension actuaries also help businesses develop other types of retirement plans, such as 401(k)s and healthcare plans for retirees. In addition, they provide retirement planning advice to individuals.

Enterprise risk actuaries identify any risks, including economic, financial, and geopolitical risks that may affect a company's short-term or long-term objectives. They help top executives determine how much risk the business is willing to take, and they develop strategies to respond to these issues.

Actuaries also work in the public sector. In the federal government, actuaries may evaluate proposed changes to Social Security or Medicare or conduct economic and demographic studies to project future benefit obligations. At the state level, actuaries may examine and regulate the rates charged by insurance companies.

Some actuaries are considered consultants and provide advice to clients on a contract basis. Many consulting actuaries audit the work of internal actuaries at insurance companies or handle actuarial duties for insurance companies that are not large enough to keep their own actuaries on staff.

Actuaries held about 25,000 jobs in 2018. The largest employers of actuaries were as follows:

Finance and insurance

71%

Professional, scientific, and technical services

15

Management of companies and enterprises

6

Government

4

Self-employed workers

1

Actuaries typically work on teams that often include managers and professionals in other fields, such as accounting, underwriting, and finance.

Although actuaries usually work in an office setting, those who work for consulting firms may need to travel to meet with clients.

Work Schedules

Most actuaries work full time and some work more than 40 hours per week.

Actuaries need a bachelor's degree, typically in mathematics, actuarial science, statistics, or some other analytical field. Students must complete coursework in economics, applied statistics, and corporate finance, and must pass a series of exams to become certified professionals.

Education

Actuaries must have a strong background in mathematics, statistics, and business. Typically, an actuary has an undergraduate degree in mathematics, actuarial science, statistics, or some other analytical field.

To become certified professionals, students must complete coursework in economics, statistics, and corporate finance.

Students also should take classes outside of mathematics and business to prepare them for a career as an actuary. Coursework in computer science, especially programming languages, and the ability to use and develop spreadsheets, databases, and statistical analysis tools, are valuable. Classes in writing and public speaking will improve students' ability to communicate in the business world.

Licenses, Certification, and Registrations

Two professional societies-the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA)-sponsor programs leading to full professional status. The CAS and SOA offer two levels of certification: associate and fellow.

The CAS certifies actuaries who work in the property and casualty field, which includes automobile, homeowners, medical malpractice, and workers' compensation insurance.

The SOA certifies actuaries who work in life insurance, health insurance, retirement benefits, investments, and finance.

Both professional societies require applicants to complete certain educational coursework in economics, finance, and mathematical statistics while in college. Applicants also must pass seven exams for associate-level certification.

Many employers expect students to have passed at least one or two of the initial actuary exams needed for professional certification before graduation.

In addition, both CAS and SOA require that candidates take seminars on professionalism. Both societies have mandatory e-learning courses for candidates.

It typically takes 4 to 7 years for an actuary to earn the associate-level certification, because each exam requires hundreds of hours of study and months of preparation.

After becoming associates, actuaries typically take 2 to 3 more years to earn fellowship status.

The SOA offers fellowship certification in five separate tracks: life and annuities, group and health benefits, retirement benefits, investments, and finance/enterprise risk management. Unlike the SOA, the CAS does not offer specialized study tracks for fellowship certification.

Both the CAS and the SOA have a continuing education requirement. Most actuaries meet this requirement by attending training seminars that are sponsored by their employers or the societies.

Pension actuaries typically must be licensed by the U.S. Department of Labor and U.S. Department of the Treasury's Joint Board for the Enrollment of Actuaries. Applicants must meet certain experience requirements and pass two exams administered through the SOA to qualify for enrollment.

Other Experience

Because there are different types of practice areas, including health, life, pension, and casualty, internships may be helpful for students deciding on which actuarial track to pursue.

Training

Most entry-level actuaries start out as trainees. They are typically on teams with more experienced actuaries who serve as mentors. At first, they perform basic tasks, such as compiling data, but as they gain more experience, they may conduct research and write reports. Beginning actuaries may spend time working in other departments, such as marketing, underwriting, and product development, to learn all aspects of the company's work and how actuarial work applies to each one.

Most employers support their actuaries throughout the certification process. For example, employers typically pay the cost of exams and study materials. Many firms provide paid time to study and encourage their employees to set up study groups. Employees usually receive raises or bonuses for each exam that they pass.

Advancement

Advancement depends largely on job performance and the number of actuarial exams passed. For example, actuaries who achieve fellowship status often supervise the work of other actuaries and provide advice to senior management. Actuaries with a broad knowledge of risk management and how it applies to business can rise to executive positions in their companies, such as chief risk officer or chief financial officer.

Important Qualities

Analytical skills. Actuaries use analytical skills to identify patterns and trends in complex sets of data to determine the factors that have an effect on certain types of events.

Communication skills. Actuaries must be able to explain complex technical matters to those without an actuarial background. They must also communicate clearly through the reports and memos that describe their work and recommendations.

Computer skills. Actuaries must know programming languages and be able to use and develop spreadsheets, databases, and statistical analysis tools.

Interpersonal skills. Actuaries serve as leaders and members of teams, so they must be able to listen to other people's opinions and suggestions before reaching a conclusion.

Math skills. Actuaries quantify risk by using the principles of calculus, statistics, and probability.

Problem-solving skills. Actuaries identify risks and develop ways for businesses to manage those risks.

Median annual wages, May 2018

The median annual wage for actuaries was $102,880 in May 2018. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $61,140, and the highest 10 percent earned more than $186,110.

In May 2018, the median annual wages for actuaries in the top industries in which they worked were as follows:

Professional, scientific, and technical services

$108,920

Finance and insurance

103,010

Government

102,240

Management of companies and enterprises

97,110

Most actuaries work full time and some work more than 40 hours per week.

Employment of actuaries is projected to grow 20 percent from 2018 to 2028, much faster than the average for all occupations. However, because it is a small occupation, the fast growth will result in only about 5,000 new jobs over the 10-year period.

Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new risks.

More actuaries will also be needed to help companies manage their own risk, a practice known as enterprise risk management. Actuaries will help companies avoid, manage, and respond to any potential financial risks across all areas of their business operations. This analysis helps companies adjust their business or investment strategies to achieve economic returns and respond to new financial regulations and requirements.

Insurance companies will need actuaries to analyze the large amount of information, such as medical or property data, collected from consumers. The increase in available data will allow insurance companies to better develop new products, set competitive prices, predict consumer behavior, and make more accurate projections of future risks and costs.

In addition, health insurance companies will require more actuaries to help evaluate the effects of changing healthcare regulations and guidelines, expand into new insurance markets, and offer products to new customers.

Job Prospects

Job opportunities should be somewhat competitive for entry-level applicants because the number of students sitting for actuarial exams has increased in the past few years. Students who have passed at least two actuarial exams, have had an internship while in college, and have strong analytical and business skills should have the best job prospects for entry-level positions.

Occupational Title

SOC Code

Employment, 2018

Projected Employment, 2028

Change, 2018-28

Employment by Industry

Percent

Numeric

Actuaries

15-2011

25,000

30,000

20

5,000
Get data

Occupational Employment Statistics (OES)

The Occupational Employment Statistics (OES) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link(s) below go to OES data maps for employment and wages by state and area.

Projections Central

Occupational employment projections are developed for all states by Labor Market Information (LMI) or individual state Employment Projections offices. All state projections data are available at www.projectionscentral.com. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state's websites where these data may be retrieved.

CareerOneStop

CareerOneStop includes hundreds of occupational profiles with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a salary info tool to search for wages by zip code.

For more information about actuaries, visit
American Academy of Actuaries
For more information about actuaries in property and casualty insurance, visit
Casualty Actuarial Society
For more information about actuaries in life and health insurance, retirement benefits, investments, and finance/enterprise risk management, visit
Society of Actuaries
For more information about how to become an actuary, visit
Be an Actuary
For more information about pension actuaries and their licensing requirements, visit
American Society of Pension Professionals and Actuaries
U.S. Department of Labor and U.S. Department of the Treasury's Joint Board for the Enrollment of Actuaries

O*NET
Actuaries

# data[].attributes.attachment_link.description
Video transcript available at https://www.youtube.com/watch?v=oy6_S6EzOHw. Quick Facts: Actuaries 2018 Median Pay $102,880 per year $49.46 per hour Actuaries use mathematics, statistics, and financial theory to analyze the financial costs of risk and uncertainty. Most actuaries work for insurance companies. Although most work full time in an office setting, some actuaries who work as consultants may travel to meet with clients.

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The typical work week is about 40 hours of work, also including some traveling to meet with clients, the profession affords the opportunity for individuals to achieve a good balance between their work and personal life. Actuaries may work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks and investment firms, or, more generally, in businesses that need to manage financial risk.

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New York, Illinois, Pennsylvania, Ohio, California, and Texas.

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Currently, I'm focused on a cheaper way to achieve my goals. So I plan to go to community college for 2 years to acquire my basics, then finish my education attending a university located in Texas.

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Accountants and Auditors

Budget Analysts

Financial Analysts

Insurance Underwriters

Mathematicians

Statisticians

Cost Estimators

Market Research Analysts

Statistical Clerks

Job Benefits and Analysis Specialists

Financial Examiners

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Actuaries use math and statistics to calculate the odds that an event will happen. They design insurance programs and pension plans.