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The master's degree usually consists of one year of courses and one year writing a master's degree about a topic related to the actuarial profession. The University of Bergen and The University of Oslo offer the education to become an actuary in Norway. [14]
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [1] These risks can affect both sides of the balance sheet and require asset management , liability management, and valuation skills. [ 2 ]
Many universities have undergraduate and graduate degree programs in actuarial science. In 2010, [needs update] a study published by job search website CareerCast ranked actuary as the #1 job in the United States. [2] The study used five key criteria to rank jobs: environment, income, employment outlook, physical demands, and stress.
To work as an actuary, you’ll need a strong background in numbers. The average annual salary for an actuary is $120,000 - not bad considering you only need a bachelor’s degree.
On completion of all of the Associate exams, two of the Specialist technical subjects and one of the Specialist applications subjects, students can become Fellows of the Institute and Faculty of Actuaries and to use the letters FIA or FFA provided that they have three years of work experience as an actuary. [18] Alternative routes to Fellowship ...
The CAS requires all candidates to qualify through a series of actuarial exams covering various aspects of actuarial practice. Passing Exams 1–6 as well as Exam S, the Course on Professionalism, the Validation by Educational Experience (VEE), and two online courses qualifies an actuary for the Associateship designation; passing three additional exams is required to become a Fellow. [10]
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