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Actuaries In Demand

General Information

Description

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Business Breakdown

People in this career work in these sectors.

  1. Private, for profit88.79%
  2. Private, not for profit4.76%
  3. Self-employed3.96%
  4. State and local government1.78%
  5. Federal government0.70%

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Industry areas

  • Finance

Job Outlook

Projected Job Growth (2022 - 2032)
+23%
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Salary

Average Salary

Salary

$113,990

State-by-state Salary

Gray states indicate no data available

$152,970
$61,090
No Information for this section

Education & Interests

Most Common Education Levels

People in this career achieve this level of education.

  • Bachelor's degree 78%
  • Post baccalaureate 10%
  • First professional degree 10%
  • High school 0%
  • Some college 0%
  • Master's degree 0%
  • Doctoral degree 0%
  • Associate's degree 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • Post-secondary certificate 0%

PERSONALITY CHARACTERISTICS

You may find this career fulfilling if you consider yourself to be:

  • Conventional — You have an interest in following procedures and regulations to organize information or data.
  • Investigative — You have an interest in studying and researching objects, organisms, and other things.
  • Enterprising — You have an interest in managing, negotiating and marketing, or leading and advising others.

Not sure what characteristics best describe you? Take the RIASEC Test.

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership

Knowledge

  • Mathematics
  • Economics and Accounting
  • Computers and Electronics
  • Administration and Management
  • English Language

Gain insights into your knowledge by using the ASVAB Career Exploration Program

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