An actuary is a business professional who analyzes financial consequences of risk. Actuaries use varied types of mathematics, statistical and financial theory to study uncertain future events. By studying events and determining likely outcomes, actuaries help organizations plan for the future and protect themselves from loss. By understanding the very nature of risk, they play a key role in the psychological, physical, and financial stability of society. With the help of actuaries, businesses can grow, retirees can invest with confidence, and people can enjoy peace of mind.
Actuaries have one of the top-ranked jobs. They are utilized in many industries, especially in insurance companies, consulting firms, and governmental agencies. Actuarial science requires a thorough understanding of human behavior, knowledge of the business environment and its practices, as well as strong analytical skill. Actuaries have the satisfaction of solving problems and having an impact on their industries.
While in the program, you should focus on passing the first actuarial exams (2-3 at the least) and get at least one internship after your junior year. In addition you should take the courses approved for VEE credit and pass them with a grade of "B-"or better.
Another key component in building the foundation of a strong actuarial career is to start developing your professional network while you are in the program. MCFAM's Career Development and Advancement Services offer you access to workshops, activities, networking techniques and career development experts who focus on the Actuarial sector. You will build an on-going relationship with both your academic and career advisors who will help you build a strong professional network. This network of mentors, professional contacts and resources will be part of a life-long relationship with others in your field.
More information about the actuarial exam process is contained at BeAnActuary.org.