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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.
Most trainee actuaries study while working for an actuarial employer using resources provided by ActEd (The Actuarial Education Company, a subsidiary of BPP Actuarial Education Ltd.), which is contracted to provide actuarial tuition for students on behalf of Institute and Faculty Education Ltd (IFE), a subsidiary of the Institute and Faculty of ...
Actuary Actuaries earned a median salary of $120,000 in 2023, and the BLS projects demand for these professionals to grow by 22% through 2033 — well above the average job growth rate. The ...
Estimated job growth (2023 to 2033): 22%. Education requirements: Bachelor’s degree. BLS research found that there were 30,200 jobs for actuaries in 2033, with an expected growth of 22% by 2033 ...
Actuarial science – discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. What type of thing is ...