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Me? An Actuary? What is that?

Me? An Actuary? What is that?. Presented by the:. What Is An Actuary?. Actuaries are professionals who provide expert advice and solutions for business problems that involve financial risk. We find patterns from the past to project the future.

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Me? An Actuary? What is that?

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  1. Me? An Actuary? What is that? Presented by the:

  2. What Is An Actuary? • Actuaries are professionals who provide expert advice and solutions for business problems that involve financial risk We find patterns from the past to project the future

  3. “Actuary” – Rated One of the Best Jobs in America! • Being an Actuary has been consistently rated as one of the top four best jobs in the U.S. by the Jobs Rated Almanac in each of its six editions • Stress Ratings are based on: • Income • Security • Environment • Physical Demands Employment Outlook

  4. Where Do Actuaries Work?

  5. Top 10 Reasons to Become an Actuary: • You want a career that is dynamic and challenging 9. You don’t want to go to graduate school 8. You want a career with superior job security through economic cycles 7. You want a professional title, but don’t want to be an Accountant, Doctor, or Lawyer 6. You want a career where you can make a difference in major issues facing us and make a difference in people’s lives 10, 9, 8, 7, 6

  6. Top 10 Reasons to Become an Actuary: 5. You would like to “earn while you learn” 4. You want a career that you can control because advancement is merit-based 3. You want to be able to choose among several outstanding job offers with a highly competitive salary and excellent benefits 2. You are self-motivated, goal oriented, and have superior math aptitude and communication skills AND… 5, 4, 3, 2

  7. 1 …The # 1 Reason to Become an Actuary… • You love math & want a job where you love what you do

  8. What Should YOU do to Become an Actuary? • Aim for a broad-based education that concentrates on business and mathematics • Business courses, such as finance, accounting, management, economics, and computer science will increase career options • Courses in English, speech, and business writing will help you acquire the communications skills that actuaries need • Whatever your major, it is essential to have a strong math background. Your curriculum should include math courses, such as calculus, probability, statistics, and any actuarial science courses offered by your school Source: www.BeAnActuary.org

  9. The Exam Process • Actuarial exams are administered by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) • Professional designations exist for each organization: • Associate (either ASA or ACAS) • CERA New(Certified Enterprise Risk Analyst) • Fellow(either FSA or FCAS)

  10. “Earn While you Learn” • During the exam process, actuaries typically receive on-the-job training • Additionally, employers may: • Grant exam study time during work hours • Offer review courses and study materials • Pay exam registration fees • Award raises for each exam passed • However… • Most employers prefer to hire people who have started the series of examinations on their own, and have passed at least one or two exams

  11. Earn a Great Salary! Source: www.dwsimpson.com/salary.html

  12. Next Steps to Become an Actuary Full-Time Employment Summer Actuarial Program Begin the CAS or SOA exam process Rigorous math and business courses BeAnActuary.org IABA website

  13. Now That You Know ... …Find out more at: www.blackactuaries.org

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