Actuarial Science - Actuaries have to design and develop new strategies

Actuarial Science

Overview : Business industry is so unpredictable with changing economic scenario and the dynamic market trends. Actuarial science is field of study that applies the mathematical statistical procedures and financial theory concepts to compute the risks. Most of the professionals work in the insurance industries that focus keenly on handling the consequences of risk.

Job Description : The main job responsibility of the actuaries is to analyze the business plans to estimate the probabilities of risk. They have to use the statistical methods and financial knowledge to determine the uncertainties and risk that may occur in future. Actuaries have to design and develop new strategies that will ensure maximum profit. 

Job Outlook : It is one of the most exciting careers in the business world. Job prospects are expected to be good for the candidates with strong mathematical basics, technical knowledge and significant analytical skills. Applicants usually require a bachelor's degree in actuarial science or mathematics or any finance related programs.

Degrees Offered :  Associate's     Bachelor's    Master’s    Doctorate/PhD   Certificate

Expected Job Growth : According to the U.S. Bureau of Labor Statistics the employment opportunities of actuaries is expected to increase by 27 percent from 2010 to 2020. The median annual wages of actuaries were $87,650 in May 2010.

For More Information On Actuarial Science,

http://www.schoolanduniversity.com/study-programs/business/actuarial-science

Business School - Actuarial Science

Eligibility: Actuaries who are specialized in life and health insurance, property and casualty insurance have to create the tables to depict the future claims on particular policy plan. 

Job Prospects: Applicants usually require a bachelor' degree in actuarial science or mathematics or any finance related programs and have to appear for a series of certification exams administered by the Casualty Actuarial Society(CAS) and Society of Actuaries(SOA) to initiate their career. 

Expected Job Growth:  According to the U.S. Bureau of Labor Statistics the employment opportunities of actuaries is expected to increase by 27 percent from 2010 to 2020. The median annual wages of actuaries were $87,650 in May 2010. 

Degrees Offered:  Associate Degree   Bachelor Degree  Master Degree

                               Doctorate Programs         PhD Programs              Certificate

They formulate strong financial basis to maximize the business profitability by estimating the probabilities of risk and uncertainty. With the advent of technology, actuaries make use of computer programming and software solutions to prepare the statistical reports and presentations.

For more information on Actuarial Science ,
Visit: http://www.schoolanduniversity.com/study-programs/business/actuarial-science
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