What Does an Actuary Do? (+Salary and Skills Required) | Management - G2

When it comes to finance, there’s a common mentality of “no risk, no reward.” explains Derek Doeing, specializing in HR and Recruitment trends and insights.  

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Risk and reward play a crucial role in the financial success of all sorts of organizations. There are several businesses that desperately need help managing and measuring the financial risks to their organization. This is where actuaries come in. 

What is an actuary? 

An actuary is a business professional who is responsible for managing financial risk to help protect an organization’s plan for the future and defend against losses.

 
Becoming an actuary can be a lucrative career for those with an understanding of business and mathematics. If this seems like something you could be interested in, read on or jump ahead to get the information you need:...

What does an actuary do?  
An actuary is responsible for analyzing and managing the financial risks of a business. Working in actuarial science is a deeply sought-after profession that plays an important role in the success of a company. Actuaries help organizational leaders make strategic decisions and communicate solutions for deeply complex financial issues...

Actuarial education  
Becoming an actuary requires you to receive a Bachelor’s degree to start. Many institutions offer actuarial science programs, but you could also study curriculum in business, math, or economics. There are also a number of required actuarial exams that cover important skills like mathematics, probability, economics, and business.
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Additional resources

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What Is Actuarial Science? (+Exams, Jobs, and Salaries) by Mara Calvello, Senior Content Marketing Specialist at G2.

Source: G2