| What
can I do with a major in....?
Actuarial
Science
If
you have knack for math and good people skills, you must check out a career
as an actuary. Actuaries apply their mathematical skills in the business
world. Actuary is one of the top five of 300 jobs evaluated by Jobs Rated
Almanac.
Actuaries
are experts in risk management. In particular, actuaries are involved
in the design, pricing, financing, and operation of benefit plans which
protect people from risks of injury, illness, death, property damage,
and the loss of income due to unemployment or retirement. Actuaries use
mathematical skills to create and manage programs that reduce the adverse
financial impact of life's expected and unexpected events, including financial
risks from investment.
Besides designing programs to meet human needs, actuaries evaluate the
financial risk companies take in offering insurance plans, and then determine
a fair price for the plan. You'll find that insurance companies employ
actuaries in all phases of operations including management, marketing,
investments, accounting, administration and selection of risks. Some actuaries
work for consulting firms that advise insurance companies and provide
pension advice to corporations, labor unions and various governmental
agencies.
Required
Courses for the Actuarial Science Major
Transferable
Skills
Some information taken
from the University of Wisconsin River Falls career website
Leadership
skills
Problem solving
Sound decision-making
Organizational skills
Appreciation for diversity
Plan activities
Work with a team
Direct staff and activities
Interpersonal skills
Awareness of ethical issues
Listening skills
Persuasion skills
Team building skills
Time management skills
Stress management |
Critical
thinking and decision making skills
Oral and written communication
Computer literate
Flexibility
Cross-cultural skills
Analyze and interpret data
Accountability
Mathematical analysis
Mathematical modeling and simulation
Problem formulation
Organization and interpretation of data
Deductive reasoning
Data analysis, management, and processing
Geometric visualization
Symbolic representation and interpretation |
Career
Opportunities
Some
information taken from the University of Wisconsin River Falls career
website
| Finance |
Statistics |
Bank
manager
Operations manager
Personal/commercial lending officer
Credit analyst
Correspondent banking officer
Trust account administrator
Trust investment office
Bank president/VP
Treasurer
Financial Service officer
Loan officer
Account executive
Financial planner
Sales broker
Mergers and acquisitions specialist
Market trader/specialist
Chief financial officer
Budget analyst
Accountant |
Cost
estimator
Data analyst
Foresting statistician
Actuarial statistician
Business analyst
Forensic statistician
Health services statistician
Quality analyst
Risk analyst
Statistical methodologist
Survey methodologist
Government statistician
Inventory analyst
Reliability engineer
Researcher
Statistical consultant
Statistical programmer
Survey statistician |
| Other |
Insurance
agent
FBI agent
CIA agent
University professor
Teacher |
Graduate
and Professional Schools
The Society
of Actuaries website has a complete list of graduate programs
under Education and Economics
On
Campus Sources for More Information
Internet
Sources for More Information on Actuarial Science Careers
The
Society of Actuaries
The
Casualty Actuarial Society
Thoughts
on an Actuarial Science Major from Past Students
| I
felt there was a good combo of business and economics and math. I'm
happy with where I can go in life with this major. |
| I would
recommend getting an ACSC major at St. Thomas to my friends interested
in applying mathematical skills in the business world. |
| My experience
these past four years in the ACSC program was very rewarding. |
| I interviewed
for an entry level position, but they were so impressed with my math
background they offered me a position two levels higher, which absolutely
shocked me. |
|
Evaluations
Return
to Resources for Exploring Majors
|
