Actuary

Okay so this time on my blog I will be exploring the career choice of becoming an actuary.  Now for those of you that may not know, an actuary is a person who compiles and analyzes statistics and patterns and uses them to calculate insurance risks and premiums.  This is something that was just introduced to me not to long ago actually.  My dad gave me the idea one day while we were watching tv and started explaining to me the kind of work and reward it would be.  At that point, I didn’t think much of it, but now that I read into things, it seems that it could be something that I like and could be good at.

I am really good at strategizing and calculating in my head what I must do first or to do something next or what would give me the best opportunity to put me in a good situation.  Ask my friends, I’m great at projecting what I got on a test or assignment in a class and how it will impact my grade and change what I must do on the next assignment to compensate for what I would like to achieve.  I can get things down to the exact percent.  Also, one exercise I already do a lot to prepare myself for these actuary-type situations is play Bloons Tower Defense 4 on my iphone (That game is the shit).  This actually really does help because it teaches me how to manage certain projects and figure out a plan that will prove to be most successful both at that moment and in the long run.  You should see me, I go hard.  You ain’t never seen a better bloonsman than me.  I stay poppin’ them and making bank.

Now as far as the education goes to become an actuary, there are a lot of necessary courses that would be of great benefit to you while you’re in school.  These classes include finance, microeconomics, macroeconomics, marketing, computer science classes, calculus, statistics, communications, and much more.  These classes mainly center around a computer science degree and a business degree.  It is vital to take as many helpful classes as possible though because it could very much increase your pay and increase your chances of being hired.

One thing that really stood out to me though was definitely the starting average salary of most actuaries right out of college and the salary progression over time.  It turns out that most actuaries start of making around $50,000.  According to the Payscale.com report, the median expected hourly wage for actuaries with between one and four years of work experience falls between $50,797 and $69,828. That salary range increases to $73,103 through $103,826 for actuaries with between five and nine years of work experience. Those who have been on the job for between 10 and 19 years can expect to bring home between $92,748 and $140,528.  These are the kind of numbers that I don’t mind seeing on a paycheck!

Anyways I fell that being a professional actuary would be a very interesting and fun job that I could definitely spend my time doing. Also, download BTD4 to your phones now cuz that game is legit.