Becoming an Actuary

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An Actuary is a person who compiles and analyses statistics and uses them to calculate insurance risks and premiums.

ACTUARY

Educational requirements:

  • Degree in actuarial science or actuarial mathematics
  • Degree in business or finance
  • Degree in Economics
  • Degree in Engineering science
  • Degree in mathematics or statistics
  • Risk management
  • Degree in Science e.g physics and chemistry

Job description:

Actuaries evaluates potential complicated financial risks. They use their business and economic skills along with their knowledge of investment theories to provide financial costs.

Responsibilities:

  • Analysing statistics data, for example accidents rates
  • Computer modelling of statistics to determine potential risks
  • Developing new financial products
  • Supervising staff
  • Working with emerges and acquisitions
  • preparing presentations and reports

Possible companies to work for:

  • Actuary firms
More in this category: « Becoming an Accountant