Professional and Related Occupations
Computer and Mathematical Occupations
- A strong background in mathematics is essential.
- Actuaries generally have a bachelor’s degree and must pass a series of examinations—often taking four to eight years—to gain full professional status.
- Competition for jobs will be keen as the number of qualified candidates is expected to exceed the number of positions available.
- About 55 percent of actuaries are employed by insurance carriers.
Nature of the Work
Through their knowledge of statistics, finance, and business, actuaries assess the risk of events occurring and help create policies for businesses and clients that minimize the cost of that risk. For this reason, ...