Actuarial Analyst Career


An actuarial is involved in predicting the risks for investment agents, policy makers, and insurance companies and so on. They follow a complex mathematical system to do the same and need to have a very strong base in mathematics, statistics and other related subjects. Pension and annual actuarial concepts are the two fields into which such an individual can branch into and therefore, there is a lot of scope in this job.

How to become an actuarial analyst:

In order to become an actuarial analyst an individual must have a really strong grasp of mathematics, statistics and probability. Such an individual’s role is to work with governmental agencies, insurance companies and policy makers to find out the risks associated with a certain policy and its maturing.

Actuarial analyst career courses, training, programs:

In order to become an actuarial analyst an individual will have to pass a series of actuarial entrance examinations which are designed to test the person’s basic actuarial mathematical skills. Training programs will involve classes in risk metrics and bond calculation, expected investment returns and so on.

Actuarial analyst career schools/colleges, education:

The minimum requirement for an actuarial analyst is a bachelor’s degree in mathematics, statistics and probability, followed by courses in actuarial models of analysis, risk investment and so on. A background in finance, which can be obtained through extra departmental courses, is also very important since most actuarial analysts will have to have a basic knowledge of finance for work.

Top 4 colleges/universities:

University of Michigan

University of Kentucky

Alabama Institute of Higher Education

University of Washington

Actuarial analyst job opportunities, salaries/pay:

An actuarial analyst earns around 60,000 USD per annum. This is dependent on the institute or company he is attached with, project profile and the kind of acumen as well as work experience he brings into the fray.

Category: Analyst Careers

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