Therefore, risk also represents opportunities and an actuary must identify these. Actuaries, on the other hand, do not particularly care about past events unless such events have direct ramifications on the future. Get your degree. Actuaries measure and manage risks and are frequently found in the insurance industry. Tomorrow, a new set of technology will be available which actuaries will have to wrap their heads around. Actuaries need a strong background in mathematics and general business. What grades are needed to get an Actuarial job? The future is volatile and full of risk yet very few could predict the 2008 market crash or the 2014 oil price crash. As stated above though, there are many different actuary education paths. To become an actuary, you must have at least a bachelor’s degree. As big data becomes more embedded in the industry, computer programming and data analysis skills will continue to rise in importance. If you're still in high school, focus on taking math and computer science courses. An actuary has to continuously stay on top of these changes and adapt strategy to minimize risk for their employer. Two semesters of calculus-based probability. As our world becomes more complex with the advent of new technologies, actuaries will perhaps remain mysterious to most people, all while working to keep the world as safe from risk as possible. wikiHow's. Complete a Bachelor of Actuarial Studies or a Bachelor of Commerce (majoring in Actuarial Studies) at an accredited university. Take exams under timed conditions so that you simulate the test-day environment. An actuary starting salary exceeds remuneration paid at the beginning of many other professional careers. Identify your weaknesses and look for practice problems to strengthen them. The exams are challenging and require lots of study and often more than one attempt to pass. Even when analyzing future capital investments, accountants focus on scrutinizing numbers to highlight which option will create the greatest ROI, not the potential risk of an activity. When you become an Actuary, you will be eligible to offer consultancy services in various sectors. SQL is almost indispensable in the industry and multiple employers require knowledge of the language before considering a candidate. However, that’s not where you spend the most time you work to become an actuary. Becoming an actuary is not as easy and fast as it might seem. Include your GPA, which actuarial science recruiters expect to see. The Bureau of labor statistics says that by 2022, the demand for actuaries will increase by 26 percent. But many employers offer compensation for study time to complete further exams, so this educational benefit, which is standard in the industry, can help those starting out to continue through to certification. Usually, actuaries earn an undergraduate degree in math or statistics. If you are really ambitious you can add a few more business-related courses which will definitely convince recruitment agents they have found a winner with you, even without an actuary degree. Take advantage of Advanced Placement (AP) and advanced courses such as Statistics and Calculus. An actuary internship will substantially increase your chances of landing higher-paying employment upon completion of your undergraduate degree. Here is an overview of the typical path toward a career as an actuary. Every successfully completed exam may provide you with additional work responsibilities and a corresponding pay increase. The most direct educational path is a three-year undergraduate actuarial science degree. LEARN MORE ABOUT ACTUARY CAREERS AND TAKE THE NEXT STEP TODAY. Ask if they have any job openings. You can go on any university's website and find out what degrees and programs they offer. 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