ACTUARIAL DEGREE

Actuaries are business professionals who deal with the financial impact of risk, usually involving an individual or company. They use their understanding of mathematics, statistics, historical data and financial systems to assess the probability of events and their inherent risk.

Actuaries use many sets of data to estimate the probability of events, including death, injury, disability, illness or property loss. Common tasks include gathering relevant figures, using software to analyze data, developing and testing strategies to manage the economic impact of certain events, compiling reports, and providing information to clients.

They often work in teams with other financial and insurance professionals. Although most actuaries work full-time in the offices, consulting actuaries may travel and work longer hours to meet client needs.

What Does an Actuary Degree Bachelor Do ?

An actuary’s job description includes:

Analyze the possibility of future events using numbers.
Designing creative methods to decrease the possibility of negative effects from an unwanted event.
Incorporate safeguards into decisions about the future, laying the groundwork for profit in certain situations.
Finding efficient methods to manage risk is a fundamental part of management decisions and the actuarial profession leads the field in this area of expertise.
Actuaries collect data and then analyse it to estimate the probability and likely cost of events such as death, illness, injury, disability or loss of property. They then create policies that reduce the cost of that risk.

For this reason, actuaries are essential to the insurance industry.

Actuaries help design insurance policies, pension plans and other financial strategies. Specifically, they investigate financial issues such as the level of pension contributions required to enable a comfortable retirement.

Actuaries also recommend investment strategies that an organization or pension fund should undertake to maximize investment performance using their extensive knowledge of statistics, finance and business.

Subjects Included in the Bachelor of Actuarial Science Program

A bachelor’s degree is awarded to students who successfully complete three to seven years of study at a college or university. This degree focuses on a specific subject area, often known as a major.

This type of degree program equips students with the tools to help them excel in various actuarial fields, such as insurance, finance, investment, and risk management. In general, courses delve into financial theory, statistics, and applied mathematics.

Also, computer and analytical subjects, which can help them succeed in the financial services marketplace. In addition, subjects to improve communication skills can be useful to enhance personal relationships.

Some countries where the Bachelor of Arts in Actuarial Science is Being Studied

United States
United Kingdom
China
Malaysia
Canada
Mexico
Spain

Some Universities that Offer a Degree in Actuarial Sciences

Degree in Actuarial Science

Assumption College
Worcester, United States

Do you spend time carefully evaluating the risks? Is a decision or investment worth the possible outcomes? If this sounds like your personality, an actuarial degree from Assumption College might be the perfect choice.

Bachelor of Science in Actuarial Science

York University
York, United Kingdom

Develop mathematical models to manage the financial impact of risk and uncertainty

Degree in Actuarial Science

City University of London
London, United Kingdom

As you study for England’s oldest degree in Actuarial Science, you will gain much appreciated financial risk management skills.

Bachelor of Science in Actuarial Science

University of Prince Edward Island
Charlottetown, Canada

Actuarial science is the study of risk, usually the risk associated with insurance, pension and investment plans. Actuarial science uses techniques from mathematics, statistics, business, economics and finance.

The Bachelor of Science in Actuarial Science prepares students to write the first exams needed to become an Actuary.

Bachelor of Science in Actuarial Studies

Sunway University
Shah Alam, Malaysia

The program brings together a variety of topics involving the application of mathematical and statistical techniques in the financial world. It is designed to pave the way for students who wish to enter a career as an actuary.

Students will be prepared for professional exams leading to a recognized actuary or specialist status in the financial risk and insurance industries.

Studies in Different Academic Levels