The role of Actuaries is to 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.
The average annual wage of the occupations is $132,500 and $64 per hour. 8 vocational programs could be taken for the Actuaries career. Based on BLS data, a total of 25,470 employees were employed in the Occupation.
Vocational Programs to Prepare Actuaries Career
Program Name | Number of Schools | Tuition & Fees | Books & Supplies | Program Lengths | Avg. Completion Time |
---|---|---|---|---|---|
Applied Mathematics | 9 | $36,482 | - | - | - |
Computational and Applied Mathematics | 3 | $33,365 | - | - | - |
Statistics | 7 | $37,010 | - | - | - |
Mathematics and Statistics | 3 | $40,516 | - | - | - |
Statistics (other) | 4 | $31,145 | - | - | - |
Applied Statistics, General | 1 | $39,924 | - | - | - |
Risk Management | 9 | $28,162 | - | - | - |
Actuarial Science | 9 | $34,542 | - | - | - |
Related Occupations to Actuaries Career
The following 18 occupations are related to Actuaries.
Occupation | Total Employees | Annual Wages | Hourly Rate |
---|---|---|---|
Financial Managers | 787K | $174,820 | $84 |
Compensation and Benefits Managers | 18,690 | $150,940 | $73 |
Management Analysts | 838K | $115,530 | $56 |
Compensation, Benefits, and Job Analysis Specialists | 99,850 | $80,620 | $39 |
Accountants and Auditors | 1,436K | $90,780 | $44 |
Credit Analysts | 73,200 | $94,750 | $46 |
Financial and Investment Analysts | 325K | $112,950 | $54 |
Personal Financial Advisors | 272K | $150,670 | $72 |
Insurance Underwriters | 101K | $85,610 | $41 |
Financial Risk Specialists | 55,290 | $118,950 | $57 |
Financial Examiners | 63,440 | $98,140 | $47 |
Financial Specialists, All Other | 123K | $89,650 | $43 |
Data Scientists | 193K | $119,040 | $57 |
Economists | 16,420 | $132,650 | $64 |
Insurance Sales Agents | 458K | $79,700 | $38 |
Securities, Commodities, and Financial Services Sales Agents | 480K | $109,710 | $53 |
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | 1,142K | $81,080 | $39 |
Statistical Assistants | 7,200 | $53,900 | $26 |