Actuary
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.
At a Glance
Actuary earns an average of $120,000/yr. Typical education: Bachelor's degree. Experience: 4–4.2 years. Top skills: Actuarial Exams, Service-Oriented Architecture, Settlement.
$120,000/yr
Bachelor's degree
4–4.2 years
16
Parent Occupation (O*NET)
Actuaries
Median Wage
$125,770/yr
Growth (2024-34)
+21.8%
Education
Bachelor's degree
Skills & Requirements
Specialized Skills (19)
Service-Oriented Architecture
Settlement
New Product Development
Risk Management
Experience Modifier
Product Design
Marketing
Financial Analysis
Finance
Actuarial Science
Financial Statements
Generally Accepted Accounting Principles
Visual Basic For Applications
Data Modeling
Underwriting
SQL (Programming Language)
Brokerage
Management Reporting
Financial Planning
Common Skills (8)
Consulting
Forecasting
Communication
Management
Detail Oriented
Coordinating
Microsoft Office
Certifications (3)
Actuarial Exams
Chartered Financial Analyst
Member Of The American Academy Of Actuaries (MAAA)
Related Specializations
Other specialized occupations in this field. Many share overlapping skills, making lateral moves more accessible.
Related Pages
Frequently Asked Questions
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