e and many hours of studying. After passing four to six exams and completing a few college-level courses, one can become an Associate actuary. At this level, it is possible to start making six figures, however, the mega bucks start when you become a Fellow in one of the actuarial societies. This is attained after passing all of the required exams, roughly tenBecome an Actuary? What the heck is an actuary? That’s what I first said when I heard that job title. Little did I know that being an actuary has been consecutively ranked as one of the best jobs in United States by the Jobs Rated Almanac. The fundamental role of an actuary is to assess a company’s exposure to economic risk. Given that the job was first conceived in the insurance industry, it is no coincidence that insurance companies still employ the majority of actuaries. Think your insurance premiums are too high? You can blame an actuary for that because it is the actuary’s job to calculate and set the rates so that insurance companies can stay profitable.

To make such calculations, requires knowledge of mathematics beyond algebra and actuarial modeling. Although not necessary, most actuaries have at the least a bachelor’s degree. No specific major is required but courses in calculus and probability will help an inspiring actuary past the battery of exams needed to become a full-fledged actuary. (Hint: Those with degrees in quantitative fields such as mathematics and statistics do quite well on the exams.)

The actuarial exams are probably the biggest obstacles in becoming an actuary. The exams have the reputation of being the most rigorous of all professional exams, even harder than the Certified Public Accountant or Chartered Financial Analyst exams. Nevertheless, the exams can be mastered with perserverance and many hours of studying. After passing four to six exams and completing a few college-level courses, one can become an Associate actuary. At this level, it is possible to start making six figures, however, the mega bucks start when you become a Fellow in one of the actuarial societies. This is attained after passing all of the required exams, roughly ten

ived in the insurance industry, it is no coincidence that insurance companies still employ the majority of actuaries. Think your insurance premiums are too high? You can blame an actuary for that because it is the actuary’s job to calculate and set the rates so that insurance companies can stay profitable.

To make such calculations, requires knowledge of mathematics beyond algebra and actuarial modeling. Although not necessary, most actuaries have at the least a bachelor’s degree. No specific major is required but courses in calculus and probability will help an inspiring actuary past the battery of exams needed to become a full-fledged actuary. (Hint: Those with degrees in quantitative fields such as mathematics and statistics do quite well on the exams.)

The actuarial exams are probably the biggest obstacles in becoming an actuary. The exams have the reputation of being the most rigorous of all professional exams, even harder than the Certified Public Accountant or Chartered Financial Analyst exams. Nevertheless, the exams can be mastered with perserverance and many hours of studying. After passing four to six exams and completing a few college-level courses, one can become an Associate actuary. At this level, it is possible to start making six figures, however, the mega bucks start when you become a Fellow in one of the actuarial societies. This is attained after passing all of the required exams, roughly ten

mathematics beyond algebra and actuarial modeling. Although not necessary, most actuaries have at the least a bachelor’s degree. No specific major is required but courses in calculus and probability will help an inspiring actuary past the battery of exams needed to become a full-fledged actuary. (Hint: Those with degrees in quantitative fields such as mathematics and statistics do quite well on the exams.)

The actuarial exams are probably the biggest obstacles in becoming an actuary. The exams have the reputation of being the most rigorous of all professional exams, even harder than the Certified Public Accountant or Chartered Financial Analyst exams. Nevertheless, the exams can be mastered with perserverance and many hours of studying. After passing four to six exams and completing a few college-level courses, one can become an Associate actuary. At this level, it is possible to start making six figures, however, the mega bucks start when you become a Fellow in one of the actuarial societies. This is attained after passing all of the required exams, roughly ten

tics and statistics do quite well on the exams.)

The actuarial exams are probably the biggest obstacles in becoming an actuary. The exams have the reputation of being the most rigorous of all professional exams, even harder than the Certified Public Accountant or Chartered Financial Analyst exams. Nevertheless, the exams can be mastered with perserverance and many hours of studying. After passing four to six exams and completing a few college-level courses, one can become an Associate actuary. At this level, it is possible to start making six figures, however, the mega bucks start when you become a Fellow in one of the actuarial societies. This is attained after passing all of the required exams, roughly ten

e and many hours of studying. After passing four to six exams and completing a few college-level courses, one can become an Associate actuary. At this level, it is possible to start making six figures, however, the mega bucks start when you become a Fellow in one of the actuarial societies. This is attained after passing all of the required exams, roughly ten (10) exams.

I encourage you to visit D.W. Simpson, an global actuarial recruitment company, which posts their yearly salary surveys. To give you an idea of the six figure potential, an Associate with 4.5 to 6.5 years of experience has a salary range of 85-121K/year, while a Fellow with same amount of experience makes between 106-157K/year. If you are a Fellow with 19.5+ years of experience, you can expect to make anywhere from 148-409K+/years. The great thing about the actuarial profession is that most employers encourage their budding actuaries to pass exams by giving them pay raises with each exam passed and paid time to study. Imagine that, being paid to study! That's something you don't see in most professions, except maybe academia.