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Actuary

Business & Finance

You calculate the probability of bad things happening to people and put a price tag on it. It's morbid math at its finest. You'll pass a series of exams that take years and destroy your social life, but when you emerge on the other side, you'll have one of the most stable, well-paid careers that nobody understands at dinner parties.

Salary Range

Low

$75k

Median

$113k

High

$170k

10-Year Growth

much faster

US Workers

29K

Education

Bachelor's in Mathematics/Statistics + actuarial exams (years of them)

Environment

indoor

Tools & Technical Skills

  • Actuarial exam completion (SOA/CAS track)
  • Statistical modeling (R, Python, SAS)
  • Reserving and pricing methodologies
  • Predictive analytics and GLMs
  • Financial reporting (GAAP, IFRS for insurance)
  • Excel VBA and actuarial software (MoSes, Prophet)

People & Mindset Skills

  • Mathematical reasoning
  • Communication of complex risk
  • Attention to detail
  • Discipline and persistence
  • Business judgment

What you'll actually do

  • 01Build statistical models that predict how likely people are to die, crash, or get sick
  • 02Study for actuarial exams that make the bar exam look like a pop quiz
  • 03Price insurance products and pension plans using math most people can't pronounce
  • 04Present risk analyses to executives who want the numbers lower without changing the assumptions
  • 05Review mortality tables and loss ratios — the most depressing spreadsheets in finance
  • 06Explain to non-actuaries what you do for a living and watch their eyes glaze over

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