Saturday, March 24, 2012


Why become actuary? Well, it is a usual question arise by every student for every profession. I will try to explain in simple words.

Most actuaries love being actuary because it allows them to use their talents, apply their math skills in a business setting and have a meaningful positive impact. Being an actuary you are helping the people, you are helping them get good health care, you are helping them protect themselves in old age, and you are creating economic growth. But there are other more great reasons to consider a career as an actuary, are as follows:

Top- RankedActuary is considered as one of the best jobs in United States. It is difficult to beat an actuary in work environment, employment outlook, job security, growth opportunity and salary.
Ref :US News and World Report, the Jobs Rated AlmanacCNN Money

Head Start Actuaries are consistently rated as one of the best paying jobs in the world. Actuaries   earn great starting salaries. Actuaries can start-off with a salary of $20,000 and earn anywhere up to or over $100,000 that can double within the first five years.

Earn while you learnActuaries are well compensated. Actuary with a fellowship designation working as a financial manager in the banking industry could earn a higher salary than another fellow working in the health insurance industry. Experienced fellows have the potential to earn from $150,000 to $250,000 annually and many actuaries earn more than that.

Job SecurityAs you pass the actuarial examinations and gain experience you can award merit   increases. They enjoy certainty in uncertain times. Most banks or companies also offer cash bounces, salary increases and promotions for each professional designation achieved.

Impressive Impact - They participate in high- level business decision making and solve real problems in every banks or industry. Actuaries earn professional degree by passing a series of examinations. These online exams are administered by the SOCIETY OF ACTUARIES and CASUALTY ACTUARIAL SOCIETY.

Life in BalanceActuaries have a balance between their work and personal life. They have desk jobs and work within a professional office environment. Actuaries often work at least 40 hours a week and may experience a more unpredictable schedule and be expect to work more than 40 hours per week.

Challenging and Stimulating WorkThe daily work requires a range of skills but the daily work of actuaries is not as demanding as the exams but it is still challenging. A good business sense, an analytical mind, problem solving and independent thinking are all necessary.

International CareerAs mentioned above Actuaries are in demanded in United States. Actuaries are particularly in demand in growing economies countries like ASIA. As a fully qualified actuary you would be a very valuable commodity.

You Get to Work with Models Every DayActuarial model predict that how many people are going to die within a week? As an actuary you would be using math in most aspect of your work. Being an actuary job, there is a good chance that you have a good aptitude for math.

Well Respected Career - Actuaries are generally considered to be in the upper echelon of careers along with doctors and lawyers. Qualifies actuaries will have to work hard to get that position. Actuaries are very well respected by those who know what the profession actuary is.  

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