Actuarial Science - A Great Career Option!

Actuarial Science is definitely a booming career opportunities it has widely attracted many professionals for enormous potential growth

. Actuaries support corporations and individuals in making planned, calculated & clear decisions.

An actuary is a master who utilizes his statistical and financial know-how for evaluation of fiscal and other risks. Actuarys Finance, Risk Management & Product designing skill-set are dynamically used in the arena of insurance, investment, project management, banking, health care etc. Actuaries carry out multiple roles from designing of product, pricing of product to financial planning & corporate planning.

An Actuary job involves around scheming insurance plans, child plans, pension plans and crafting insurance premium rates and duration for each & every policy. To accomplish this, he/she accumulates & examines data related to birth rate, death rate, sickness, injury and retirement, property loss due to accident, burglary, fire or other peril.

An actuary is basically responsible for introducing innovative and striking policies in order to achieve growth & increase profitability.

Actuarial science is a powerful career option with professionals getting highest salaries across the world. Start pay of a qualified actuary is approx $ 70 thousand per annum in US/ UK and average INR 18 laces in India. Trainee students can get stipend of INR 50 thousand in India.

Actuarial Science degree is worldwide acknowledged and the professionals are in great demand. Course fee is also very low comparatively. Actuarial science is a Smart, low budget & spectacular career option.

Actuarial Society of India offers Actuarial science course in India. Moreover, courses from the Institute of Actuaries, London and Australia are also accepted in India. Individual with a fairly good mathematics, statistics and finance base can pursue the course and turn out to be an Actuary.

Featured areas for an actuary:

Crafting an insurance product and deciding its price

Targeting the correct individuals or sector for insurance products.

Reinsure the companys insurance policies with some another insurer & safeguard companys losses.

Increasing the profits of the company and ensure that the customers investments remain in the company for long duration.

by: Jason Markum

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