The great roads of life are, unfortunately, well-known. One such concern is actuaries, where salaries in the six figures are the standard of experience; the working conditions are great; and only a bachelor’s degree is required.
What is the act? It is ridiculous that you ask. second best job in America, according to the 2012 career ranking. According to the Occupational Outlook Handbook, “Actuaries analyze the costs of financial risk and uncertainty [using] mathematics, statistics, and financial theory.” Thus, the aid to the business is crucial in risk management decisions that are made to reduce the predicted costs and improve the bottom line.
Obviously, mathematical people are drawn to this job. But many other skills are necessary. This can be seen from the fact that employers usually do not put much emphasis on the specific level of college that one receives, as on one’s ability to pass criminal tests. The content of this detailed examination ranges from probability to economics to other very specific economic concepts. It is not unheard of for a candidate to take a decade to complete all the tests to obtain fellowship, which is the highest distinction in the actuarial fellowship.
The journey to communion is certainly financially relevant, as can be seen from the following observations made in the ratio between the number of exams passed and one salary. The firm is certainly a direct relationship that retains years of consistent experience. It seems that a substantial number of actuarial partners with over 19.5 years of experience make over $300,000 a year! In fact, surveys suggest that over 90% of people with that much experience make at least $177,000 a year in real and casual actuarial work.
While the examination process is generally considered the most difficult and stressful part of becoming a full-fledged actuary, the benefits are enormous. They are in great demand, receive a large salary, and are of great importance in the success of the firm. In addition, many employers aspiring to examine the studies and these activities aspirants can indeed find some work after only one or two tests.
I am currently studying for Exam P, my first actuarial exam. It is a very difficult subject to take alone, but the rewards of passing such an exam will be significant to my milestone dream career of being an actuary. I know family friendly movies who are actuaries, and they seem to have the best lifestyles and enjoy corrupt work as mathematicians. They have so much influence in the management of their firm’s decisions, while they usually work on mathematical models and predictions, which sound like perfect a job for typically introverted people who like mathematical work These family members have entrusted me with many inside stories into the lives of actors, and frankly, I can’t wait for them to become one.
I hope I gave a big hope. Maybe some of you are even considering taking the path of becoming an actuary. If so, don’t check, I’m in the same boat!
