Actuaries need a bachelor’s degree, typically in mathematics, actuarial science, statistics, or other analytical field. Students must complete coursework in economics, applied statistics, and corporate finance, and pass a series of exams to become certified professionals.
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Questions to ask the university or college:
How many students are in the program?
Is your program accredited?
How many faculty members do you have? Do they hold the right credentials?
What is your job placement rate?
Does your school hold career fairs or other on-campus events with employers? How many employers typically attend?
How many of your students have at least one internship by graduation?
You will need a considerable amount of work-related skill, knowledge or experience to be An Actuary.
For example: An accountant must complete 4 years of college and work for several years in accounting to be considered qualified.
To become An Actuary, you will need several years of work-related experience, on-the-job training or vocational training.
How long does it take
Over 8 to 10 years
4 to 6 years
4 to 6 years
2 to 4 years
6 to 8 years
3 to 6 months
Over 4 years
4 to 10 years
6 months to 1 year
0 to 1 month
3 to 6 months
Most Actuaries have 4 to 6 years work experience and Over 4 years job training.
To increase your chances of getting a job, you can look for job training while studying to be one.
License and certifications
Do you need any license or certification
Recommended but not required
Two professional societies—the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA)—sponsor programs leading to full professional status for Actuaries. The CAS and SOA offer two levels of certification: associate and fellowship.
We asked other Actuaries if they could only have 5 skills, what would they be. Here is what they said.
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Written by: Stanley Tan
Actuaries analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.