Actuary by Garrett Israel https://padlet.com/200289510/n4xlr3c53t80 Career Research Project en-us 2018-08-30 12:24:29 UTC 2024-10-26 04:43:14 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Manbag.png 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276546422 2018-08-30 12:28:46 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276546422 Job Description 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276547429 Actuaries analyze data to figure out the financial costs of risk.  They use mathematics, statistics, and financial theory to figure out the risk if an event occurs and come up with policies that minimize the cost of that risk. Most work in the insurance field. ]]> 2018-08-30 12:32:08 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276547429 Education/Training/Certifcation 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276547777 2018-08-30 12:33:05 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276547777 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276547852 2018-08-30 12:33:17 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276547852 Cost of Education at the Georgia Institute of Technology 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276547916 2018-08-30 12:33:29 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276547916 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276548811 2018-08-30 12:36:01 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276548811 Desciption 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276549878 *At least an bachelors degree in mathematics,
actuarial science, or statistics
*3-4 years but many students spend
more time than that. Certification takes 4-6 years because each exam requires many hours of studying and preparing. 
*To become certified professionals, students must complete
coursework in economics, applied statistics, and corporate finance.
*Students should also take classes outside their major to prepare them for their career.

]]> 2018-08-30 12:39:15 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276549878 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276551269 2018-08-30 12:43:17 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276551269 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276551765 2018-08-30 12:44:41 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276551765 Career Ladder 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276553011 *Entry Level Actuary
    - 0-1 years experience
    - Requires a bachelor's degree
    - Median salary: $68,051
*Senior Actuary
    - 4-7 years experience
    - Requires a bachelor's degree and certification
    - Median salary: $99,815
*Actuary - Specialist
    - 10+ years experience
    - Requires a bachelor's degree and certication
    - Median salary: $128,445

]]> 2018-08-30 12:48:31 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276553011 Skills 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276554724 *Need to be detail oriented
*Dedicated to their work
*Strong math background
*Good business and communication skills ]]> 2018-08-30 12:53:42 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276554724 Hope in GA 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276555089 Hope pays for a large portion of the education cost ]]> 2018-08-30 12:54:39 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276555089 Pros 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276866692 *You stand out
*Upper middle class pay
*Math
*Good work hours]]> 2018-08-31 12:39:30 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276866692 Cons 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276866727 *The exams are difficult
*It is a very targeted and specific field of work
*The entry level is very competitive ]]> 2018-08-31 12:39:40 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276866727 Tasks 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/276874658 *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]]> 2018-08-31 13:06:07 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/276874658 200289510 https://padlet.com/200289510/n4xlr3c53t80/wish/277345090 2018-09-03 18:10:51 UTC https://padlet.com/200289510/n4xlr3c53t80/wish/277345090