Actuarial Science Requirements
Table of Contents
There are many actuarial science programs to choose from at a variety of colleges and universities. To earn an actuarial credential, you must complete a series of actuarial examinations, e-Learning components, and other requirements through an actuarial membership organization. Many people find it easier to prepare for the actuarial exams within a university setting, and in particular, within an actuarial science program or math/statistics/business program with an actuarial concentration.
Actuarial Science Careers
The career trajectory of people with an Actuarial Science degree appears to be focused around a few careers. The most common career that users with Actuarial Science degrees have experience in is Actuary, followed by Financial Clerk, Underwriter, Financial Analyst, Intelligence Analyst, Financial Advisor, Computer Programmer, Risk Management Specialist, Software Quality Assurance Engineer, and Data Scientist.
|Career||% of graduates||% of population||Multiple|
|Risk Management Specialist||0.6%||0.1%||6.9×|
|Software Quality Assurance Engineer||1.0%||0.2%||6.1×|
Actuarial Science Salary
Actuarial Science graduates earn on average $62k, putting them in the 95th percentile of earners with a degree.
|Percentile||Earnings after graduation ($1000s USD)|
|25th (bottom earners)||$53k|
|Median (average earners)||$62k|
|75th (top earners)||$72k|
Actuarial Science Underemployment
Actuarial Science graduates are highly employed compared to other graduates. We have collected data on three types of underemployment. Part-time refers to work that is less than 30 hours per week. Non-college refers to work that does not require a college degree. Low-paying includes a list of low-wage service jobs such as janitorial work, serving, or dishwashing.
|Employment Type||Proportion of graduates|
|Jobs that don't require college||15%|