Actuarial Science Education

The actuarial science education prepares a candidate for the booming insurance industry which offers a promising and rewarding career to the deserving candidates. Any individual who wants to develop his career in the field of insurance must opt for actuarial science education to develop the requisite skill set for the job. Actuarial science candidates are responsible for analyzing the financial impact and effect of risk involved in business ventures, investment etc.

Apart from the formal education, the candidate must also have excellent interpersonal conversational skills and a pleasing personality. The education for these candidates must prepare them to apply the fundamental mathematical concepts in the real life scenarios to analyze the risks involved in investment accurately. These candidates are mostly hired by insurance based companies.

Actuarial Science Education Requirements:

  • Candidates looking forward to take actuarial science as their education must have passed high school diploma preferably with mathematics. The candidates who do not have high school diploma must either possess GED or any other equivalent degree.
  • The candidates can then apply for bachelor’s degree with mathematics and business basics as the prominent subjects.
  • These candidates must possess excellent communication and interpersonal skills.

Actuarial Science Education Degrees, Courses and Certifications:

The candidates looking forward to pursue their career and education the actuarial science field must possess following degrees and certifications:

  • High school diploma
  • Bachelor’s degree in Mathematics, Actuarial Science, Business management, Economics, Finance or statistics
  • Master’s degree in Actuarial science, or MS with Actuarial Science as the major subject
  • Certification from the Casualty Actuarial Society (CAS) or The Society of Actuaries (SOA)

Actuarial Science Education Qualification and Training:

These candidates are required to possess excellent knowledge in mathematics, economics and statistics so that they can perform their job of studying and analyzing the future event, risks and effect of policies run by investment and insurance companies. These candidates must have sharp observational skills and must be good at logical reasoning.

The candidates must enroll themselves for training and internships to develop the required skill set and to understand the practical implementation of the concepts. These candidates must also possess good knowledge about computers and software used for statistics & mathematics.

Actuarial Science Education Colleges and Universities:

Actuarial Science Education Wages and Salaries:

Depending on the organization, designation, education and experience of a candidate they get varying salaries. The average salary earned by a candidate working in the field of actuarial science is $35,000 – $85,000.

Category: Science Education Requirements

Leave a Reply