What is an Actuary?

An Actuary is a business risk professional. Most actuaries are employed by insurance companies. In those companies, Actuaries work to quantify risk, model financial and claims outcomes, and minimize the financial impact of undesirable events. Often this is used to price insurance products.

Becoming an Actuary

Like all jobs in business, the first step to becoming an actuary is getting a Bachelor's Degree. It is not vital that a person majors or concentrates in Actuarial Science, but most new hires out of college consist of students with a related degree. Regardless of your major, it is usually neccessary to pass one or more Actuarial Exams .