Description
An actuary uses mathematics, statistics, and financial theory to measure and price risk, especially for insurance and pensions. They analyze data to estimate the likelihood and cost of future events like death, illness, accidents, and disasters, design and price insurance products, ensure reserves are adequate, and advise on managing long-term financial risk.
The role is highly quantitative and rigorous, requiring a demanding series of professional exams. Actuaries work at insurance companies, consulting firms, and pension funds.
The job suits exceptionally strong mathematical thinkers who enjoy modeling uncertainty and long-term risk, are willing to work through tough exams, and want a stable, well-paid career applying advanced math to consequential real-world risk decisions.
Dimensions
How this role scores across 12 work traits — creativity, structure, autonomy, and more
Career path
Labor statistics estimates from 2023–2033