Actuaries
Tasks Include:
- Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
- Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
- Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
- Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
- Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
- Testify before public agencies on proposed legislation affecting businesses.
- Provide advice to clients on a contract basis, working as a consultant.
more »
The data sources for the information displayed here include: O*NET™; US Department of Labor (BLS); Virginia Workforce Connection. (Using onet28)
Projections Quick View:
Virginia: +28.8%
National: +20.8%
Education
Bachelor's Degree
Job Zone:
Four: Considerable Preparation Needed
Income Range:
Highest ($50,000 and up)
Median Earnings:
National
$113,990.00
State
$114,230.00
Regional
Actuaries
Description
Career Cluster: | Finance |
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Education
Required Level of Education
- Bachelor's Degree = 78.57%
- Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. = 10.71%
- First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. = 10.71%
Related Work Experience
- None = 50%
- Over 1 month, up to and including 3 months = 14.29%
- Over 3 months, up to and including 6 months = 10.71%
- Over 6 months, up to and including 1 year = 7.14%
- Over 1 year, up to and including 2 years = 7.14%
- Over 4 years, up to and including 6 years = 3.57%
- Over 6 years, up to and including 8 years = 3.57%
- Over 8 years, up to and including 10 years = 3.57%
On-Site or In-Plant Training
- None = 42.86%
- Up to and including 1 month = 17.86%
- Over 1 year, up to and including 2 years = 10.71%
- Over 1 month, up to and including 3 months = 7.14%
- Over 3 months, up to and including 6 months = 7.14%
- Over 4 years, up to and including 10 years = 7.14%
- Over 6 months, up to and including 1 year = 3.57%
- Over 2 years, up to and including 4 years = 3.57%
On-the-Job Training
- Over 6 months, up to and including 1 year = 22.22%
- Over 3 months, up to and including 6 months = 14.81%
- Over 4 years, up to and including 10 years = 14.81%
- Anything beyond short demonstration, up to and including 1 month = 11.11%
- Over 1 month, up to and including 3 months = 11.11%
- Over 1 year, up to and including 2 years = 11.11%
- Over 2 years, up to and including 4 years = 7.41%
- None or short demonstration = 3.70%
- Over 10 years = 3.70%
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Tasks
Core Tasks Include:
- Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
- Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
- Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
- Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
- Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
- Testify before public agencies on proposed legislation affecting businesses.
- Provide advice to clients on a contract basis, working as a consultant.
- Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
- Determine policy contract provisions for each type of insurance.
- Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.
- Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
- Negotiate terms and conditions of reinsurance with other companies.
Supplemental Tasks Include:
- Testify in court as expert witness or to provide legal evidence on matters such as the value of potential lifetime earnings of a person disabled or killed in an accident.
- Manage credit and help price corporate security offerings.
- Explain changes in contract provisions to customers.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Tools and Technology
Tools Include:
- Calculators or accessories (10-key calculators)
- Desktop computers
- Notebook computers
- Personal computers
Technologies Include:
- Analytical or scientific software
- Insightful S-PLUS
- SAS software
- SPSS software
- Statistical software
- Wolfram Research Mathematica
- Compliance software
- Compliance testing software
- Data base user interface and query software
- Business Objects BusinessObjects Desktop Intelligence
- Data entry software
- dBase Plus
- Microsoft Access
- Structured query language SQL
- Development environment software
- Microsoft Visual Basic
- Electronic mail software
- IBM Lotus Notes
- Financial analysis software
- Appraisal software
- ARMON Technologies XLActuary
- Cash flow software
- GGY AXIS
- Insureware ICRFS-ELRF
- Lewis & Ellis LEAPPS
- Milliman ReservePro
- Milliman Corporate Affinity
- Oak Mountain Software AnnuityValue
- PolySystems Asset Delphi
- Pricing software
- SS&C PTS
- Towers Perrin TAS Tillinghast Actuarial Software
- Object oriented data base management software
- Microsoft Visual FoxPro
- Office suite software
- Microsoft Office software
- Presentation software
- Presentation software
- Spreadsheet software
- Microsoft Excel
- Spreadsheet software
- Word processing software
- Microsoft Word
- Word processing software
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Special Requirements
To become an actuary you need to meet the following requirements:
EDUCATIONAL REQUIREMENTS:
Applicants for beginning actuarial jobs usually have a bachelor’s degree in mathematics, actuarial science, statistics, or a business related discipline, such as economics, finance, or accounting. It is important to also have some educational background in economics, accounting, finance or insurance.
- Some companies do not specify a bachelor’s degree in a particular major, provided that the applicant has a working knowledge of mathematics, including calculus, probability, and statistics.
- Computer skills such as knowledge of :
Visual Basic
Developing and using spreadsheets
Developing and using databases
EXAMS
- In order to obtain professional status in a specialty you must pass a series of exams from one of the following professional societies:
- Society of Actuaries (SOA) - administers a series of actuarial exams for life and health insurance, pension, and finance and investment fields.
Your application(s) must be received on or before April 1 for the Spring session, and September 24 for the Fall session. Applications received after the deadline will not be accepted. Please be aware that it takes approximately 10 days for your application to arrive by regular mail. Contact: [email protected] for more information.
RENEWAL:
An Enrolled Actuary’s enrollment to practice is renewable every three years. To qualify for renewal of enrollment an Enrolled Actuary must certify that he/she has satisfied the continuing professional education (CPE) requirements specified in the Joint Board Regulations. In addition, an Enrolled Actuary must submit an application for renewal of enrollment and a filing fee of $25.00. Contact the Joint Board for the Enrollment of Actuaries for application information.
Required Fees:
Course Fees for Fall 2006 | |
Course | Fee |
Exam P | $175.00 |
Exam P±± (for limited paper and pencil centers) | $100.00 |
Exam FM±± | $150.00 |
Exam M | $375.00 |
Exam M Student Fee | $300.00 |
Exam C±± | $375.00 |
Exam C Student Fee±± | $300.00 |
VEE±±± (Candidate Credit) per topic | $50.00 |
Fundamentals of Actuarial Practice (FAP) Standard Fee (Modules 1-8 and 2 Exams) | $2,100.00 |
Fundamentals of Actuarial Practice (FAP) Conversion Fee (Modules 1-8 and 1 Exam) ± | $1,400.00 |
Course 7 Pre-test | $175.00 |
Course 7 Seminar | $1,150.00 |
Course 8 Finance and Enterprise Risk Management Health, Group Life and Managed Care Individual Insurance (U.S. and Canada) Investments | $975.00 |
Course 8 Retirement Benefits (U.S. and Canada) - Comprehensive Segment | $720.00 |
Course 8 Retirement Benefits - Pension Funding Segment | $255.00 |
EA-2, Segment A | $230.00 |
Professional Development ( Filing Fee) | $175.00 |
All amounts in U.S. dollars.
±±Exams P, FM and C are identical to the CAS Exams 1,2 and 4 respectively.
±±±If applying for two VEE topics simultaneously, the application fee will be $75.00. If applying for three VEE topics simultaneously, the application fee will be $100.00.
±The FAP conversion fee applies to candidates who need only FAP Modules 1-5 and FAP Exam #1 OR FAP Modules 6-8 and FAP Exam #2.
Student fees are available only to candidates currently enrolled in full-time university study programs.
Reduced examination fees are available to qualified candidates in eligible countries.
Please see the SOA Web site at http://www.soa.org or contact the Manager of
Global Initiatives at [email protected].
Fees should be remitted in U.S. funds (or equivalent) by check, money order, American Express, MasterCard or Visa. Please note that payment in non-U.S. currency may slightly delay the processing of the application. All outstanding exam fees and administrative fees must be paid in full prior to enrollment in future exams.
For More Information, Contact:
Society Of Actuaries (SOA)
475 North Martingale, Suite 600
Schaumburg, Illinois 60173
Phone: 847.706.3500
Fax: 847.706.3599
http://www.soa.org/
[email protected]
Casualty Actuarial Society (CAS)
1100 N. Glebe Rd., Suite 600
Arlington, VA 22201
Phone: 703.276.3100
Fax: 703.276.3108
http://www.casact.org/
Joint Board For The Enrollment Of Actuaries
Internal Revenue Service
SE: OPR
111 Constitution Avenue, NW
Washington, DC 20224
Phone: 202.622.8229
Fax: 202.622.8300
http://www.irs.gov/taxpros/actuaries
The data sources for the information displayed here include: Virginia Career VIEW Research. (Using onet28)
Actuaries
Internships
Anthem Blue Cross and Blue Shield
2221 Edward Holland
Richmond VA 23230
http://www.anthem.com
Acturial Internship Program
New York Life Insurance Company
51 Madison Avenue
New York, New York 10010
Phone: 212-576-4553
http://www.newyorklife.com/careers
The Summer Actuarial Internship Program is an integrated program which combines relevant work experience with a series of actuarial classes and presentations. The program blends in a number of social events to make sure the interns fully enjoy their summer experience.
The data sources for the information displayed here include: Virginia Career VIEW Research. (Using onet28)
Actuaries
Additional Resources
Career information on actuaries specializing in pensions is available from:
American Society of Pension Actuaries
4245 N. Fairfax Dr.
Suite 750
Arlington, VA 22203
http://www.aspa.org
For information about actuarial careers in life and health insurance, employee benefits and pensions, and finance and investments, contact:
Society of Actuaries (SOA)
475 N. Martingale Rd.
Suite 800
Schaumburg, IL 60173-2226
http://www.soa.org
For information about actuarial careers in property and casualty insurance, contact:
Casualty Actuarial Society (CAS)
1100 N. Glebe Rd.
Suite 600
Arlington, VA 22201
http://www.casact.org
The SOA and CAS jointly sponsor a Web site for those interested in pursuing an actuarial career.
http://www.BeAnActuary.org
For general facts about actuarial careers, contact:
American Academy of Actuaries
1100 17th St. NW.
7th Floor
Washington, DC 20036
http://www.actuary.org/
The data sources for the information displayed here include: Virginia Career VIEW Research. (Using onet28)
Actuaries
Knowledge
% | Subject | Description |
---|---|---|
98.25 | Mathematics | Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. |
74.00 | Computers and Electronics | Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming. |
69.50 | Economics and Accounting | Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data. |
67.50 | English Language | Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. |
50.00 | Law and Government | Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Skills
% | Subject | Description |
---|---|---|
81.25 | Reading Comprehension | Understanding written sentences and paragraphs in work-related documents. |
81.25 | Mathematics | Using mathematics to solve problems. |
81.25 | Critical Thinking | Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems. |
81.25 | Judgment and Decision Making | Considering the relative costs and benefits of potential actions to choose the most appropriate one. |
75.00 | Active Listening | Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. |
75.00 | Systems Evaluation | Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system. |
75.00 | Complex Problem Solving | Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. |
72.00 | Speaking | Talking to others to convey information effectively. |
72.00 | Systems Analysis | Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes. |
62.50 | Writing | Communicating effectively in writing as appropriate for the needs of the audience. |
56.25 | Active Learning | Understanding the implications of new information for both current and future problem-solving and decision-making. |
53.00 | Monitoring | Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action. |
50.00 | Operations Analysis | Analyzing needs and product requirements to create a design. |
50.00 | Time Management | Managing one's own time and the time of others. |
50.00 | Social Perceptiveness | Being aware of others' reactions and understanding why they react as they do. |
50.00 | Coordination | Adjusting actions in relation to others' actions. |
50.00 | Service Orientation | Actively looking for ways to help people. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Abilities
% | Subject | Description |
---|---|---|
90.50 | Mathematical Reasoning | The ability to choose the right mathematical methods or formulas to solve a problem. |
78.00 | Number Facility | The ability to add, subtract, multiply, or divide quickly and correctly. |
78.00 | Inductive Reasoning | The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). |
75.00 | Written Comprehension | The ability to read and understand information and ideas presented in writing. |
75.00 | Oral Expression | The ability to communicate information and ideas in speaking so others will understand. |
75.00 | Written Expression | The ability to communicate information and ideas in writing so others will understand. |
75.00 | Oral Comprehension | The ability to listen to and understand information and ideas presented through spoken words and sentences. |
75.00 | Deductive Reasoning | The ability to apply general rules to specific problems to produce answers that make sense. |
75.00 | Category Flexibility | The ability to generate or use different sets of rules for combining or grouping things in different ways. |
72.00 | Information Ordering | The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). |
72.00 | Problem Sensitivity | The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem. |
68.75 | Near Vision | The ability to see details at close range (within a few feet of the observer). |
65.50 | Speech Clarity | The ability to speak clearly so others can understand you. |
59.50 | Speech Recognition | The ability to identify and understand the speech of another person. |
56.25 | Flexibility of Closure | The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material. |
56.25 | Selective Attention | The ability to concentrate on a task over a period of time without being distracted. |
53.00 | Fluency of Ideas | The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity). |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Work Activities
% | Subject | Description |
---|---|---|
94.75 | Analyzing Data or Information | Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts. |
92.75 | Processing Information | Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data. |
92.00 | Working with Computers | Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information. |
88.50 | Getting Information | Observing, receiving, and otherwise obtaining information from all relevant sources. |
86.50 | Making Decisions and Solving Problems | Analyzing information and evaluating results to choose the best solution and solve problems. |
85.25 | Communicating with Supervisors, Peers, or Subordinates | Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person. |
84.75 | Updating and Using Relevant Knowledge | Keeping up-to-date technically and applying new knowledge to your job. |
79.50 | Evaluating Information to Determine Compliance with Standards | Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards. |
76.00 | Interpreting the Meaning of Information for Others | Translating or explaining what information means and how it can be used. |
73.25 | Identifying Objects, Actions, and Events | Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events. |
65.25 | Providing Consultation and Advice to Others | Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics. |
64.75 | Communicating with People Outside the Organization | Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail. |
64.25 | Organizing, Planning, and Prioritizing Work | Developing specific goals and plans to prioritize, organize, and accomplish your work. |
62.50 | Establishing and Maintaining Interpersonal Relationships | Developing constructive and cooperative working relationships with others, and maintaining them over time. |
61.50 | Estimating the Quantifiable Characteristics of Products, Events, or Information | Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity. |
60.75 | Thinking Creatively | Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions. |
58.25 | Guiding, Directing, and Motivating Subordinates | Providing guidance and direction to subordinates, including setting performance standards and monitoring performance. |
58.00 | Developing Objectives and Strategies | Establishing long-range objectives and specifying the strategies and actions to achieve them. |
56.50 | Coaching and Developing Others | Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills. |
56.25 | Documenting/Recording Information | Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form. |
55.50 | Monitoring Processes, Materials, or Surroundings | Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems. |
53.50 | Developing and Building Teams | Encouraging and building mutual trust, respect, and cooperation among team members. |
51.00 | Training and Teaching Others | Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Work Styles
% | Subject | Description |
---|---|---|
97.25 | Analytical Thinking | Job requires analyzing information and using logic to address work-related issues and problems. |
92.75 | Attention to Detail | Job requires being careful about detail and thorough in completing work tasks. |
91.00 | Integrity | Job requires being honest and ethical. |
84.00 | Dependability | Job requires being reliable, responsible, and dependable, and fulfilling obligations. |
79.50 | Achievement/Effort | Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks. |
78.50 | Initiative | Job requires a willingness to take on responsibilities and challenges. |
74.00 | Persistence | Job requires persistence in the face of obstacles. |
73.25 | Adaptability/Flexibility | Job requires being open to change (positive or negative) and to considerable variety in the workplace. |
67.00 | Cooperation | Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. |
64.25 | Independence | Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done. |
60.75 | Leadership | Job requires a willingness to lead, take charge, and offer opinions and direction. |
57.25 | Stress Tolerance | Job requires accepting criticism and dealing calmly and effectively with high-stress situations. |
56.25 | Innovation | Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems. |
55.25 | Self-Control | Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Work Values
% | Subject | Description |
---|---|---|
66.67 | Working Conditions | Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions. |
61.17 | Achievement | Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement. |
61.17 | Independence | Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy. |
55.50 | Recognition | Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status. |
55.50 | Support | Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Work Context
% | Subject | Description |
---|---|---|
100.00 | Electronic Mail | How often do you use electronic mail in this job? |
100.00 | Indoors, Environmentally Controlled | How often does this job require working indoors in environmentally controlled conditions? |
98.60 | Spend Time Sitting | How much does this job require sitting? |
92.00 | Face-to-Face Discussions | How often do you have to have face-to-face discussions with individuals or teams in this job? |
89.60 | Telephone | How often do you have telephone conversations in this job? |
88.60 | Importance of Being Exact or Accurate | How important is being very exact or highly accurate in performing this job? |
83.80 | Work With Work Group or Team | How important is it to work with others in a group or team in this job? |
79.20 | Impact of Decisions on Co-workers or Company Results | What results do your decisions usually have on other people or the image or reputation or financial resources of your employer? |
77.20 | Structured versus Unstructured Work | To what extent is this job structured for the worker, rather than allowing the worker to determine tasks, priorities, and goals? |
77.20 | Freedom to Make Decisions | How much decision making freedom, without supervision, does the job offer? |
77.00 | Letters and Memos | How often does the job require written letters and memos? |
75.80 | Contact With Others | How much does this job require the worker to be in contact with others (face-to-face, by telephone, or otherwise) in order to perform it? |
72.40 | Level of Competition | To what extent does this job require the worker to compete or to be aware of competitive pressures? |
69.20 | Time Pressure | How often does this job require the worker to meet strict deadlines? |
64.40 | Importance of Repeating Same Tasks | How important is repeating the same physical activities (e.g., key entry) or mental activities (e.g., checking entries in a ledger) over and over, without stopping, to performing this job? |
61.60 | Frequency of Decision Making | How frequently is the worker required to make decisions that affect other people, the financial resources, and/or the image and reputation of the organization? |
60.80 | Responsibility for Outcomes and Results | How responsible is the worker for work outcomes and results of other workers? |
56.20 | Coordinate or Lead Others | How important is it to coordinate or lead others in accomplishing work activities in this job? |
54.00 | Physical Proximity | To what extent does this job require the worker to perform job tasks in close physical proximity to other people? |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Job Zone Four: Considerable Preparation Needed
- Overall Experience
- A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
- Job Training
- Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
- Examples
- Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, conservation scientists, art directors, and cost estimators.
- Education
- Most of these occupations require a four-year bachelor's degree, but some do not.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Earnings Benefits*
Region | Entry Level | Median | Experienced |
---|---|---|---|
United States | $71,760.00 | $113,990.00 | $155,670.00 |
Virginia | $67,300.00 | $114,230.00 | $163,430.00 |
Region | Entry Level | Median | Experienced |
Alexandria/Arlington | $89,991.87 | $174,739.64 | $197,120.00 |
Bay Consortium | No Data | No Data | No Data |
Capital Region Workforce Partnership | $80,100.77 | $111,432.45 | $149,300.04 |
Central VA/Region2000 | No Data | No Data | No Data |
Crater Area | No Data | No Data | No Data |
Greater Peninsula | No Data | No Data | No Data |
Hampton Roads | No Data | No Data | No Data |
New River/Mt. Rogers | No Data | No Data | No Data |
Northern Virginia | $81,698.92 | $129,635.19 | $171,791.52 |
Piedmont Workforce | No Data | No Data | No Data |
Shenandoah Valley | No Data | No Data | No Data |
South Central | No Data | No Data | No Data |
Southwestern Virginia | No Data | No Data | No Data |
West Piedmont | No Data | No Data | No Data |
Western Virginia | No Data | No Data | No Data |
* Earnings Calculations:
Regional Earnings:
Entry = Annual mean of the lower 1/3 wage distribution;
Experienced = Annual mean of the upper 2/3 wage distribution.
National and State Earnings:
Entry = Annual 10th percentile wage;
Experienced = Annual 75th percentile wage.
The data sources for the information displayed here include: US Department of Labor (BLS); Virginia Workforce Connection. (Using onet28)
Actuaries
Employment Projections
Current | Projected | % Change | |
---|---|---|---|
United States | 28,300 | 34,200 | +20.8% |
Virginia | 556 | 716 | +28.8% |
Region | Current* | Projected | % Change |
Alexandria/Arlington | No Data | No Data | No Data |
Bay Consortium | No Data | No Data | No Data |
Capital Region Workforce Partnership | No Data | No Data | No Data |
Central VA/Region2000 | No Data | No Data | No Data |
Crater Area | No Data | No Data | No Data |
Greater Peninsula | No Data | No Data | No Data |
Hampton Roads | No Data | No Data | No Data |
New River/Mt. Rogers | No Data | No Data | No Data |
Northern Virginia | No Data | No Data | No Data |
Piedmont Workforce | No Data | No Data | No Data |
Shenandoah Valley | No Data | No Data | No Data |
South Central | No Data | No Data | No Data |
Southwestern Virginia | No Data | No Data | No Data |
West Piedmont | No Data | No Data | No Data |
Western Virginia | No Data | No Data | No Data |
The data sources for the information displayed here include: US Department of Labor (BLS); Virginia Workforce Connection. (Using onet28)
Actuaries
Related Occupations
Related Occupations
The related occupations here have similar general capabilities and interests; career explorers may also be interested in the related occupations:- Personal Financial Advisors
- Compensation, Benefits, and Job Analysis Specialists
- Financial Risk Specialists
- Financial and Investment Analysts
- Accountants and Auditors
- Compensation and Benefits Managers
- Insurance Sales Agents
- Financial Managers
- Insurance Underwriters
- Financial Examiners
- Investment Fund Managers
- Financial Quantitative Analysts
- Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
- Securities, Commodities, and Financial Services Sales Agents
- Economists
- Credit Analysts
- Statistical Assistants
- Management Analysts
- Treasurers and Controllers
- Business Intelligence Analysts
Careers in Insurance Pathway:
- Actuaries
- Claims Adjusters, Examiners, and Investigators
- Insurance Appraisers, Auto Damage
- Insurance Claims and Policy Processing Clerks
- Insurance Sales Agents
- Insurance Underwriters
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
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Overview
Occupations
The data sources for the information displayed here include: New York State Department of Labor; New Jersey Department of Labor; California Occupational Information Coordinating Committee; CareerOneStop. (Using onet28)
Actuaries
Proficiency Ratings
These proficiencies are scored on a scale from 1 to 5 with 1 being not
important to the job and 5 being extremely important to the job.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Titles
- Actuarial Analyst
- Actuarial Assistant
- Actuarial Associate
- Actuarial Consultant
- Actuarial Mathematician
- Actuary
- Consulting Actuary
- Health Actuary
- Insurance Actuary
- Pricing Actuary
- Pricing Analyst
- Product Development Actuary
The data sources for the information displayed here include: O*NET™. (Using onet28)
Actuaries
Related Schools
- George Mason University
- Hampden-Sydney College
- Hampton University
- Mary Baldwin University
- Old Dominion University
- Randolph-Macon College
- Roanoke College
- University of Virginia-Main Campus
- Virginia Commonwealth University
- Virginia Military Institute
- Virginia Polytechnic Institute and State University
- William & Mary
The data sources for the information displayed here include: O*NET™. (Using onet28)