2 answers

What type of jobs can you get with an Actuarial Science degree?

Asked Jackson, Mississippi

I am thinking about getting that degree because I like math and such, but I am still confused on what type of jobs are possible with this major. #mathematics

2 answers

Lisa G.’s Answer

Updated Brookline, Massachusetts
You might want to check out the website BeAnActuary (http://beanactuary.org) #beanactuary. What a future employer is looking for and what you may want to consider is to be well rounded. Not just a math "geek", but also someone who knows how to think critically. There continue to be more nontraditional opportunities for actuaries because risk is so much a part of modern life. Any preparation towards being an actuary will give you skills you can apply in other areas. You also need to be a self starter as an actuary, so you might consider schools which offer a lot of ways to learn and you don't have to limit yourself to just actuarial science programs. Of course if you don't go into an actuarial program you need to make sure you figure out how to learn the material on the first few exams and do that while you are studying those areas.

Vijay’s Answer

Updated Houston, Texas

Hello Sara, Hope you're doing well. Most actuaries are employed by insurance companies. They're job duties basically boil down to pricing and evaluating insurance policies of different sorts - basically figuring out how much can a certain type of policy be sold for. To determine this, actuaries have to look at various data pertaining to the type of policy being sold and to whom/what it is being sold. These factors are used to build mathematical models that try to determine how the policy may behave in the future and how that behavior will affect the company's profitability or other performance measures. Hopefully, that comes close to answering your question!