The work of the Actuary is one the requires a great deal of brain power. It is certainly mentally intensive. The job scope of the actuary deals with the application of mathematical probability theory and statistics in finance. He or she is an expert who deals with the implications of financial risk and uncertainty.
The work of an actuary often involves the evaluation of the likelihood of future events as well as coming up with ideas and solutions to reduce the undesirable possibilities of such situations and events.
Many actuaries work in the insurance field. Other areas of employment can be places such as accounting firms, rating bureaus and government agencies.
How to become an actuary? One must have a degree related to mathematics, economics or statistics. To become a qualified actuary, a number of years is often required to complete all the examinations. In another word, the exams to be a practicing actuary are not easy to pass.
Quality-wise, an actuary must be intellectual and be good in mathematics and statistics. The scope of work can be intellectually very challenging. However, the working hours are usually quite normal.
Although Actuary can be a very well-paid career, earnings can vary greatly depending on many factors such as experience and locality.