What Are the Education Requirements for a Career As an Actuary?

Learn about the job duties of an actuary, and the education needed for employment. Find out about professional certification and licensure requirements. Schools offering Risk Management degrees can also be found in these popular choices.

Overview for Actuary Careers

Actuaries are professionals who analyze data to determine financial risk and find ways to minimize that financial risk. They often work in the insurance industry and create or analyze health, life, and property insurance plans. Actuaries must be good with numbers and have a sound background in finance. Although actuaries must typically complete a bachelor's degree in actuarial science, preparation for a career as an actuary can begin in high school with courses in math, finance, and computers. Professional certification is typically required for a career as an actuary.

Important Facts About This Occupation

Median Salary (2014)$96,700
Job Outlook (2014-2024)18%
Similar Occupations Accountants and auditors, financial analysts, statisticians
Degree Fields Actuarial science, actuarial mathematics

Source: U.S. Bureau of Labor Statistics

Education Requirements

Aspiring actuaries typically complete a bachelor's degree in actuarial science or statistics. A degree in finance, accounting, or economics can also lead to a career in this field, particularly if the program is strong in math. Courses in programming languages and statistics are also required for this career, and courses focusing on statistics, regression, and forecasting can enhance analysis skills. A basic understanding of economics is also important. According to the U.S. Bureau of Labor Statistics (BLS), it's helpful to complete an internship and sit for certification exams while in college (www.bls.gov).

Licensure and Certification

The BLS reports that the Joint Board for the Enrollment of Actuaries must enroll pension actuaries. Additionally, all actuaries, including pension, health insurance, and life insurance actuaries, may seek professional certification from the Casualty Actuarial Society or the Society of Actuaries. Both of these organizations require that certification candidates meet experience requirements and pass multiple exams to achieve associate and fellowship certification levels. Actuaries who have completed an internship and two certification exams during college are likely to be more competitive job candidates, according to the BLS.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Purdue University Global

    Purdue University Global responds quickly to information requests through this website.

    Popular programs at Purdue University Global:

    • Master
    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • Georgetown University

    Georgetown University responds quickly to information requests through this website.

    Popular programs at Georgetown University:

    • Master

    Online Programs Available

  • Grand Canyon University

    Grand Canyon University responds quickly to information requests through this website.

    Popular programs at Grand Canyon University:

    • Doctoral
    • Master
    • Bachelor Degrees

    Online Programs Available

  • Ashford University

    Ashford University responds quickly to information requests through this website.

    Popular programs at Ashford University:

    Online Programs Available

  • Johns Hopkins University

    Johns Hopkins University responds quickly to information requests through this website.

    Popular programs at Johns Hopkins University:

    • Master

    Online Programs Available

  • Full Sail University

    Full Sail University responds quickly to information requests through this website.

    Popular programs at Full Sail University:

    Online Programs Available

  • Utica College

    Utica College responds quickly to information requests through this website.

    Popular programs at Utica College:

    • Master
    • Bachelor Degrees

    Online Programs Available

  • Louisiana State University Shreveport

    Louisiana State University Shreveport responds quickly to information requests through this website.

    Popular programs at Louisiana State University Shreveport:

    • Master

    Online Programs Available

  • Regent University

    Regent University responds quickly to information requests through this website.

    Popular programs at Regent University:

    • Master
    • Bachelor Degrees

    Online Programs Available

  • American University

    American University responds quickly to information requests through this website.

    Popular programs at American University:

    • Master

    Online Programs Available

  1. 1
  2. 2
  3. 3
  4. 4
  5. Next »