Institute of Actuaries

Location: Pittsburgh, PA

Purpose: To Put a price tag on future risks.

Actuary scientists have been called financial architects and social mathematicians because their unique combination of analytical and business skills is helping to solve a variety of social and economic problems. Actuaries work is heavily math based, but must also keep up with business issues and trends, social science, law, and economics.

Education Required

To become certified professionals, students must complete coursework in economics, applied statistics, and corporate finance. Coursework in calculus and business, such as accounting and management, are essential for students as well. Actuaries must have a strong background in mathematics, statistics, and business. Also, classes in writing and public speaking will improve your ability to communicate in the business world. Typically, an actuary has an undergraduate degree in mathematics, statistics, business, or actuarial science.

Why work for us?

Employment of actuaries is expected to increase by 27% from 2012 to 2020, faster than the average for all occupations. Other then the fact that this occupation is a fast growing industry, the pay is very good as well. The median salary starting out is $87,650. The lowest 10% earns about $53,100 and the top 10% can earn up to $160,000.