We should admit that the world is always full of uncertainty, and many of us are worried about the risk of undesirable events. This fact makes the job of actuary more valuable, because what they good at is managing the risk and changing it into an opportunity based on their abundant knowledge on actuarial science.
In today’s financial world, actuary is generally becoming an indispensable part, which encourages an increasing number of people to join this area. Here are some basic information about actuary that you should know before jumping into this career:
What actuaries do is to measure the risk of some events, as well as give advice to companies and clients. To be more specific, they figure out the likelihood of future events with the help of plentiful calculation and experience. In order to provide reliable analysis, they must have a deep understanding on both statistics and finance.
Furthermore, actuaries try to decrease the possibility that undesirable events truly occur in the future. If the event unfortunately happens, they will think of effective ways to lower negative influences.
Insurance companies has the closest relationship with actuary, since the nature of this industry is to deal with different kinds of probability and determine the premiums (price of insurance) for customers. Also, actuaries are active in corporations as consultants who give advice on investment and management to company.
These days, with the rapid development of economy, more potential job opportunities are created by various new industries where actuaries have never been before. So there is no doubt that the knowledge of actuarial science is needed in more areas.
It takes 5 or even more years to pass all actuarial exams, but it is possible to start your career as an actuary after passing one or two exams. Meanwhile, some advanced exams are more friendly to candidates who have on-the-job experience. Therefore, for an actuary, graduating from university is still far away from the end of one’s study.
In today’s financial world, actuary is generally becoming an indispensable part, which encourages an increasing number of people to join this area. Here are some basic information about actuary that you should know before jumping into this career:
1.Job Description
What actuaries do is to measure the risk of some events, as well as give advice to companies and clients. To be more specific, they figure out the likelihood of future events with the help of plentiful calculation and experience. In order to provide reliable analysis, they must have a deep understanding on both statistics and finance. Furthermore, actuaries try to decrease the possibility that undesirable events truly occur in the future. If the event unfortunately happens, they will think of effective ways to lower negative influences.
2.Working Fields
Insurance companies has the closest relationship with actuary, since the nature of this industry is to deal with different kinds of probability and determine the premiums (price of insurance) for customers. Also, actuaries are active in corporations as consultants who give advice on investment and management to company. 3.Required Education
Some people consider actuary as a career that requires high education related to actuarial science, while in fact, your major in university has few effects when you apply for a job. It is the certificates you receive after passing various actuarial exams that decides whether you are qualified for this job.
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| Requirements to be an Associate of the Society of Actuaries |
You give us concrete information about actuary, now I know this job clearer. Thank you.
ReplyDeleteVery professional blog! Theme is very clean. It is too difficult to be an actuary for me. However, wish you success!
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