Best Jobs of 2014: 4. Actuary (original) (raw)
Actuary
Anonymous on Wed, 05/14/2014 - 5:47 AM.
This job has often found itself on the top job's, but rarely had a good description to go a long with it. This is one of the few times the exams were even mentioned.It is important--i think--to appropriately convey the barrier to entry; because some people, like it or not, take this information into account when choosing a major. Being an Actuary, typically involves passing exams to acheive associateship (6-7), or, the more rigorous definition, fellowship (9-10). The exams are designed to be difficult and test at a high level of cognitive functioning. Most fully credentialed actuaries are well above average intelligence.It is also important--I think-- to convey the size of the field. The field is very small. Roughly the size of nurse anesthesia and 1/5 the size of mechanical engineering. It is made up of 6 specialized areas that are even more restrictive in practice (property casualty, health, life, pensions, finance, ERM).Although, the barrier to being an Actuary is high, there is little required of you to fill an actuarial role. This, paired with the economic condition, has caused great interest in entry level actuarial roles. It is no longer the case that 2 exams and a bachelor's degree is sufficient to find a position. It is necessary, but not sufficient. It is also important to note, that for an Actuary (associate or fellowship status) the pay is much higher than expressed above. BLS takes into account all those in actuarial roles, which far exceed those who are able to successfully complete the exam process. This is as inaccurate as including resident pay in physician salary averages.
Try 15 in the UK!
Anonymous on Wed, 04/16/2014 - 9:00 AM.
Try 15 in the UK!
Three exams to become an
Anonymous on Tue, 04/15/2014 - 1:20 PM.
Three exams to become an actuary? Try ten...