In life, we can not predict anything and we are not even aware what will happen in the next second. It is same with all the business organizations and market trends. No one can predict the future risks and prevent it. When the recessions hit the business industry, many organizations lost their economic balance. However, there is an industry that focuses more on the future risks and uncertainties, Insurance companies. If you are interested to work in business sector and especially in insurance industry, then here is a right career option – Actuarial science. It is a field of study...

1. Actuarial Science - Actuarial Science Salary,
Actuarial Science Major, Actuarial Science Programs
In life, we can not predict anything and we are not even aware what will happen in the next
second. It is same with all the business organizations and market trends.
United States of America, Jul 16, 2012 -- No one can predict the future risks and
prevent it. When the recessions hit the business industry, many organizations lost
their economic balance. However, there is an industry that focuses more on the future
risks and uncertainties, Insurance companies. If you are interested to work in
business sector and especially in insurance industry, then here is a right career option
– Actuarial science. It is a field of study that applies the mathematical statistical
procedures and financial theory concepts to compute the risks.
As an actuary, you have to design methods that can reduce the impact of risks. Don't
think an actuary can prevent risks; they can develop plans that can minimize the
consequences of risk and meet the likelihood cost of unexpected event occurrences.
Since impacts of risk are foreseen in insurance sector, actuaries mainly work there in
three specialized sections health insurance, life insurance and property and casualty
insurance. However, dynamic economic situations made business organizations to
use the services of actuaries in different process. Pension and retirement benefits
actuaries and consulting actuaries are examples for such actuaries those apply their
expertise to financial matters outside of insurance. Reports from bureau of labor
statistics states that, 'Actuaries should expect strong competition for most jobs.
Actuaries are a small field, and the relatively high pay and comfortable working
conditions make being an actuary a desirable career. Students who have passed at
least one actuarial exam and have had an internship while in college should have the
best job prospects for entry-level positions.
' If you think that it is the right career for you, then you should know its career road
map. So many business schools and colleges offer various degree levels in actuarial
science. Pursuing a bachelor's degree in mathematics, statistics, business or actuarial
science would be the initial step followed by completion of course work for
professional certification. Then it is time to appear for a series of exams conducted by
two professional societies-the Casualty Actuarial Society (CAS) and the Society of
Actuaries (SOA). Since actuaries use computer programming and software solutions
to prepare the statistical reports, you should have strong technical knowledge. So it is
time to land your career as a actuary where you can play the role of a part-fortune
teller and part-trusted financial advisor. Start your search for the right options and get
connected with the best schools, colleges and universities.
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