do actuaries have a good paycheck?

Question

i'm not sure what i want to study yet, but i wold like to get into a career that involves working with money, people, international relations...something like that..oohh and of couse...a gooooood paycheck!!!! actuary sounds interesting....do anyone knows what exactly an actuary does, and if it is a demaded job here in the usa???

Answer 1

http://www.dwsimpson.com/salary.html

These numbers include annual bonus plus salary. Actuaries are definitely sought after in the USA. Look into the exam process (www.soa.org) and maybe take the first one or two if you like what you see. Don't give up if you don't pass the first time, but these early exams are sometimes a good indication of whether the career is for you.

Answer 2

The starting salary for actuaries in the US is around 50k, the number can go up significantly with passing of each exam, top actuaries can make more than 300k per year. Actuaries deal with mathematics, their main job is to determine insurance preimiums and they do a lot of data analysis. Job outlook is very good in the US and everywhere else in the world due to the high difficultiies of their exams and the low number of qualify individiuals. The profession has been rated one of the top ten professions in the US for the past few years by many books and magazines.
So, if you think you're really really good in math, and if you think you can do number crunching day in and day out, then actuary is a very good profesion to be in.

Answer 3

yes, they make great money at least 100,000 a year and there are only like 500 or 1000 people in usa. it's a low number and it's hard to become one. there are about 10 tests to take and not many actually employ full time by one company becaues it's very expensive to hire them. the tests are given like 2, 3 times a year like the SATs

anyway, my college profession that had a phd in math from columbia had to study for it, so you imagine how difficult the exams can be.

they calculate how much insurance companies need to get insured for them selves to insurance people and how much they should charge for premiums. it's all probabilties and statistic. you'll be a rocket scientistic to do that

for every exam you pass, you get a raise with your job, you start out as an assistant to the actuary of course which pays like nothing, about 30k a year, with the first 5 exams, you get 2, 3k raises each, the more exams you pass, the higher your salary goes and when pass them all, you'll start to make big bucks

Answer 4

actuaries do make amazing money but that is because they are very good at what they do. most have majors in mathmatics and all of them have passed several (i think there is seven) very difficult tests (like a lawyer and the bar) to determine if they are elegible.
most of their work is involving statistics. that being said most of them work for insurance companies. i myself have considered being an actuary but you just have to think 1) are you good at math? Did you like taking statistics? do you think that you are good enough at both subjects to be able to philosophically and imaginativly dance around with the numbers you are given and come up with a reasonable estimate that can be backed by a large amount of previous data? yes? than you are very rare and employers will pay you a lot. no join most everyone else and realize your normal.

Answer 5

Actuaries can make six figures a year.