Introduction to Actuarial Science
by Australian National University
Actuarial scientist
About
Do you love maths and sleep with a maths book tucked under the pillow? Then you must look at the career option of actuarial science. Arcturians are financial experts who apply mathematical and statistical methodologies for the assessment of risks - financial or otherwise. Eg. Arcturians in insurance companies as they design insurance plans, determine the premium, monitor the profitability of insurance companies and recommend corrective action when appropriate.
Education
High School
Maths or statistics
Bachelor's
Actuarial science from The Institute of Actuaries of India
Master's
Actuarial Science
Skills Required
Job Prospects
- Risk Manager
- Consultant
- Actuarial Analysts
- Actuarial Modeller
- Quantitative Analyst
Salary / Annum
400,000
Fresher1,800,000
Average4,000,000
ExperiencedCities Data
Jobs Outlook
- Employment of actuaries is projected to grow 18 percent from 2019 to 2029, much faster than the average for all occupations. Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new, emerging risks.
- Most actuaries work for insurance companies. Although most work full time in an office setting, some actuaries who work as consultants may travel to meet with clients.
- It is a job which requires a high level of statistical and mathematical analytics, hence one should be prepared for it.
Promising Profiles
Mamta Satywali
ISRO'18 AIR-1 | Scientist at ISRO
Sutirna Chakraborty
Associate Actuarial Data Scientist at Swiss Re
