Actuary is rated 6th highest pay jobs in America in according to a recent survey released by CNN Money on December 1, 2009. It is ranked ahead of a Finance Director. CNN Money said that the salary of an Actuary ranges from a median of $129,000 to a high to $257,000 per year.
In another survey on compiled by Les Krantz, author of "Jobs Rated Almanac," on January 2009, where the data sources were obtained from the U.S. Bureau of Labor Statistics and the Census Bureau, as well as studies from trade associations, occupying the top three best job spots were Mathematician, Actuary and Statistician. You could see that the top three spots were professions relating to mathematic skills.
In another article released by Baltimore's Great Recession, Science, math careers are ranked best jobs during recession.
Many companies now realized the importance of pricing their products correctly and securing cash reserves for on-going concerns. In order to achieve the objectives, the companies require someone with good analytical and mathematical skills. An Actuary just fits the requirements of the companies nicely. Companies are willing to pay a hefty salary for a competent actuary.
Actuarial Science encompasses the study of financial risks that are associated with uncertain future events. It is specially designed and aimed to meet the ever rapid changes and challenges of the investment related industries.
An ideal competent actuary is one who has gone beyond an undergraduate degree to a master degree and complete perhaps another 5 years of working experiences with exposure to relevant actuary functions in big organizations
Visit http://insuranceactuarial.com/details-of-actuarial-science-honors-degree-program.php to find out more about the Actuarial Science degree course.
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