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Which california state universities have an actuary major?
CSU Long Beach is the only CSU with an actuarial major but other CSU's like SJSU and SFSU has applied mathematics as a major concentrating in actuarial science and economics.
What does an actuary do?
Actuaries solve problems in the business world by analyzing and managing risk. To become an actuary, you have to pass a series of exams administered by the Society of Actuaries and/or the Casualty Actuarial Society. While actuaries must be well versed in mathematics, they are also knowledgeable about computer science, economics, pertinent social issues, and the law. Actuaries evaluate financial risks using their business and analytical skills. Actuaries primarily work for insurance companies, consulting firms, and government organizations. However they also work for universities, banks and investment firms, large corporations, accounting firms, hospital and physician organizations, rating bureaus, labor unions, and other organizations. Most companies provide assistance with actuarial exams by offering paid study time and paying for classes, books, and exam fees. Exam takers usually need to study two to three times as much on their own. The exams are among the most grueling of any profession, but they carry significant rewards. Most companies reward raises upon completion of an exam. While not obviously visible, an actuarial career is consistently voted as one of the top professions in America by Jobs Rated Almanac based on job environment, income, outlook, physical demands, security, and stress. You can learn more about an actuarial career at www.BeAnActuary.com.
What are the fields of statistics?
Statistics is the mathematical science involving the collection and analysis of data. The fields are actuarial science, astrostatistics, biostatistics, business analytics, epidemiology, and operation research; along with a few more.
What level of education is required for becoming an actuary?
One can enter the actuarial profession with only a bachelor's degree, usually in mathematics, finance, statistics, or some other quantitative field. However, becoming a fully qualified actuary requires passing a series of examinations that can take several years to complete.
Is being an actuary boring?
It really depends on the individual to be honest. I currently a trainee actuary looking to take on a different career path as I do find the job quite dull. 90% of my time is spent looking a spreadsheets and the exams which I'm studying for (which are extremely time consuming and generally reduce your social life) have little or nothing at all to do with my day to day job. I often believe that learning probability and other complex mathematical theorems for exams is very necessary and just a method of screening out those who aren't fully committed to obtaining final Actuarial qualification. That being said if you do enjoy studying maths then this is a solid career path which guarantees you (once qualified) to a well paid and relatively low pressure job. Everyone is different so I encourage other maths graduates to give the career a try if interested and simply move like myself if you find it dull.
