by SOA Guru
Career as an Actuary?
2:07 am in SOA Answers by SOA Guru
I received a Bachelor of Science in Economics with honors last December. I was only one class away from a minor in Mathematics…I took Calculus 1-3, Differential Equations, and other quantitative classes like Mathematical Economics, Econometrics. I want a career that pays well and one where I have the autonomy to control my advancement, so being an Actuary appeals to me. While I do not have all of the stats background I need, I am currently taking online exam prep seminars to augment my knowledge.
1. How much can Fellows of the CAS of SOA make? I have heard that with salary, bonuses, incentives it can total around 0,000.
2. Would you say this is a career field where I can control my advancement (by passing exams)?
3. Is this a career that has a great earnings/work ratio? High salary but 8 to 5 job once you pass exams…compared to a doctor who has a high salary but a lot of hours.
4. Will I be able to use my business knowledge in the actuarial field?
5. Is it true that this is a low stress job?
Actuaries easily make six figures. http://www.salary.com to check in your zip code.
For the most part, you need to pass the exams BEFORE you get hired.
It is a field with GREAT earnings, and VERY steady hours.
Acutarial work is largly number crunching. You’d use any people skills, working with coworkers.
If you love numbers, this is a low stress job. If you hate numbers, it’s extremely high stress.