Mathematical Careers
in the Actuarial Field
Mathematics is a valuable tool in the Actuarial field. What an actuary does
is create and maintain valuable statistics that help organizations predict the
future. An actuary has an abundance of mathematical skills, enjoys
problem-solving, and is usually a curious person who is interested in doing
research. Besides these qualities that an actuary normally possesses, one must
be able keep up on current trends and business issues, as well as know the
latest information in the social sciences, law, and economics. This knowledge
enables an actuary to be familiar with any situation that he/she is asked to
tackle. Therefore, he/she is able to factor in the certain social and cultural
factors that effect his/her calculations, which brings him/her to the
significant predictions that he/she is paid to find.
Some great descriptions of what the job of a mathematician in the Actuarial
field entails can be found from the following sources:
- Look at
Temple University's Actuarial Science program.
- General
information about Actuaries.
- What do Actuaries
do?
- Information on the field of actuarial science at
www.BeAnActuary.org
- To find out the nature of an actuary's job, as well as some personal
descriptions, read the
The Conference Board of the Mathematical Sciences, Mathematical Scientists
At Work: Second Edition, published by Mathematical Association of America.
Washington, D.C. 1993.
- Click
here to
read about Regina M. Berens' career as a Consulting Actuary with Muetterties,
Bennett and Associates. This description is one of the many provided by the
American Mathematical Society.
- Read the stories written first-hand of Actuaries, Actuary Analysts,
and Actuary Assistants in
101 Careers in Mathematics by Andrew Sterrett and published by The Mathematical
Association of America. Washington, D.C. 1996. This book has interesting stories about what these
people do for a living, and how they got there. (Pages 24, 102, 112, 114,
134, 202.)
- Click
here for
another interesting description from the American Mathematical Society.
There, you can read about Kara Raiguel's career as an Assistant Actuary with
the CIGNA Corporation. She finds that her calculus, probability and
statistics, and analysis courses prove to be very helpful.