Actuary

Explore This Path

Love numbers? Predict future risks and ensure financial security as an actuary.
Actuaries play a crucial role in designing secure insurance and pension plans.
Use math to solve real-world problems and influence company policies.

💰 Earn $92K-$159K

📚 Bachelor Degree

⏱️ 24–48 MONTH TRAINING

📈 21.8% JOB GROWTH

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What You’ll Do

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.

Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
Provide advice to clients on a contract basis, working as a consultant.
Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.

Scoop

Minimum Education

Bachelor Degree

Career Prospects

Excellent (Increasing by 5% or more)

Training Time

2 to 4 years

Job Openings

2,200 Annually

Median Earnings

$120,650 in California

$120,000 Nationally

$25K

$50K

$75K

$100K

$125K

$150K

$175K

$200K

$225K

$250K

Real Talk Reel

Want to see what it's like to be a Actuary? We've curated a playlist for you to get a glimpse into a day in the life.

@inspiring_actuaries

Best For You If...

YOU Like 💕

Influencing or leading others
Thinking and problem solving
Using data or completing tasks

You are skilled in 💫

Operations Analysis
Active Listening
Critical Thinking
Reading Comprehension
Speaking
Writing

You value 🙏

Accomplishing things
Having freedom
Job security

Deep Dive

Actuary

Explore career pathways, key skills, and what each role has to offer.

Pathways to this Career

Learn about the education and training paths that can lead to this career — and what to expect from each one.

Associate's Degree

An associate's degree typically provides graduates with foundational knowledge and skills for entry-level jobs in the graduate's industry, or serves as a stepping stone towards further education.

🎓 College

⏱️ FINISH IN 2-3 years

Bachelor's Degree

A bachelor's degree typically results in increased knowledge about a variety of academic subjects, specialized knowledge in a focused field of study, and is considered the foundational qualification for many careers.

🎓 College

⏱️ FINISH IN 4-5+ years

Hybrid College

A hybrid college combines online learning with the student support typically offered on college campuses, giving students flexibility and accessibility while still providing a comprehensive educational experience.

🎓 College

⏱️ FINISH IN 2-5 years

Vocational School

A vocational school typically equips students with specialized skills and practical training in specific trades or occupations, enhancing their employability and providing direct pathways to relevant careers.

🎓 Skills-Focused

⏱️ FINISH IN 6 months - 2 years

Find Training Near You

Find local programs, apprenticeships, or degrees to start your path.

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Learn More About The Industry

Technology & Math

The primary activities of this group involve designing, developing, and implementing computer software and hardware systems, as well as using mathematical concepts to solve complex problems and analyze data.