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Actuarial Science

Actuarial Profession can offer you considerable rewards in terms of Intellectual challenge, Professional status, Job satisfaction and Very high earnings.

An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs.

Actuaries may work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks and investment firms or more generally, in businesses that need to manage financial risk. A career as Actuary is better described as a "business" career with a mathematical basis than as a "technical" mathematical career.

Actuaries love what they do. Their work is intellectually challenging and they are highly paid. Actuaries are key players in the management team of the companies that employ them. In a fast-changing world, with new risks and the need for ever-more creative ways to tackle them, there is the constant opportunity for personal and professional growth in an actuarial career and the pleasure of life-long learning. Most actuaries work in a pleasant environment, alongside other professionals and enjoy the respect of their peers.

This is why the actuarial profession has consistently been rated as one of the top five jobs in the United States according to Jobs Rated Almanac.

 
Job Part of Actuaries
 
Make Financial Sense of the Future by:
  • Analyzing the past
  • Modeling the future
  • Assessing the risks involved, and
  • Communicating what the results mean in financial terms.

Enable More Informed Decisions by:
  • Analysis and modeling of problems in finance
  • Risk management and product design
  • Pricing of product, financial management and corporate planning.

Balance the Interests of All by:
  • Safeguarding the financial interests of the public
  • Protecting the benefits promised by insurance companies and      pension schemes
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