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Profession

Actuary

It calculates risks with mathematical precision.

You use math and statistics to measure risk and put a price on the future. Day to day you build models that estimate how likely events are, from car accidents to lifespans to natural disasters, and translate them into the premiums and reserves an insurer or pension fund needs. You work mostly in spreadsheets and specialized software, dig into large datasets, and write clear reports that explain your findings to executives who are not mathematicians. Much of the job is collaboration with underwriters, finance teams, and regulators.

Average salary

$6,000 – $16,000

Education

5 years

Employability

88%

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This Is What an Actuary Does

A working actuary clearly explains the job of turning math into risk decisions.

What Is an Actuary? The Best Math Career

A credentialed actuary lays out why this is one of the top careers for math lovers.

What Does an Actuary Do? Learn from the Experts

University experts explain the profession and the path into it.

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❓ Frequently asked questions

How much does a Actuary professional earn?▾

Salary ranges from $6,000 – $16,000 per month, depending on specialization, region, and experience. Professionals in major cities tend to earn above the national average.

Education: 5 years

What education is required for Actuary?▾

5 years. Beyond the degree, many professionals pursue specializations or postgraduate studies to stand out.

Areas of practice

Actuarial ScienceStochastic ModelsRPythonSolvency II
What are the main practice areas in Actuary?▾

The main areas are: Actuarial Science, Stochastic Models, R, Python, Solvency II. The employability rate in this field is 88%.

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