Overview

Actuaries use statistics to determine the probability of risks and the financial consequences of those risks; it’s the perfect position for someone who loves numbers. Actuaries come up with numbers for insurance companies, working with accountants and underwriters to determine what insurance rates should be based on these risks and their financial outcomes.

Actuaries hold jobs in rank based on their experience. Entry-level actuaries are new graduates that may or may not have regional certification. Actuaries with a level V are considered to be the top-level specialists in their field with approximately eight to ten years of experience.

Next: What does an Actuary do?

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