Math Makes the World Work.
Actuaries use math and analytical skills to measure and manage risk. Which doesn’t sound like that big of a deal until you realize how much of the business world depends on managing risk. It’s the backbone of financial security.
Insurance Companies – Actuaries calculate costs and set prices. They make sure that auto, health, business, and home insurance companies are financially sound and can cover their payouts to customers.
Banking & Financial Services – Actuaries help banks and financial services companies with product portfolio, capital management and risk analysis.
Consulting Firms – Actuaries help companies design pension and benefit plans, evaluate insurance company assets and liabilities, and stare down risk alongside top executives.
Government Offices – Actuaries manage programs and oversee public companies to ensure compliance with regulatory laws.
Good for Business & Good for You
Actuarial science doesn’t just do good for the world, it does a whole lot of good for the actuaries as well.
Job Satisfaction
It feels good to use your skills to help solve real-world problems.
Good Compensation
The average salary for actuaries is $123,1801 and experienced actuaries can make well above $200,000 a year.
Make An Impact
Make a positive societal impact through working in health care, climate risk, ethical use of data, and more.
Job Options
Actuaries have a lot of job options in engaging environments that can match their workstyle.
Footnote
1 U.S. Bureau of Labor Statistics