Actuaries

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.

Actuaries analyze statistics in areas such as mortality, accidents, illness, disability, and retirement in order to predict risk and liability. According to the Bureau of Labor Statistics, they are predominantly employed by insurance carriers, agencies, and brokerages, and also offer enterprise management and consulting services.

In 2012, U.S. actuaries earned national median wages of $45.04 per hour, or $93,700 per year, in a quickly growing job market. In 2010, 21,700 actuaries  were employed in the U.S., a figure set to rise to 27,500 by 2020, in a 27% increase creating 1,890 new jobs. Demand for actuaries in North Carolina is also on the rise. In 2010, 440 actuaries were employed in NC, a figure set to rise to 530 by 2020, in a 21% increase creating 40 new jobs.

A glance at the many jobs currently available at both the national and local levels reveals a career path rich with opportunity.

If you are interested in a career in actuarial services,NC State, with one of the oldest and most respected statistics programs in the nation, can help. Most actuarial jobs require a bachelor’s degree, while some require a master’s. After earning your BS in Statistics on NC State’s campus in Raleigh, you can pursue your MS in Statistics online, augmenting it an online certificate in Applied or Computational Statistics.

Education Required:

Highest level of education associated with this occupation.

#Education Level%
0Bachelor's Degree52
1Post-Baccalaureate Certificate15
2Master's Degree6
3First Professional Degree27

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