Actuaries generally have a good understanding of the financial system, are highly analytical and have great problem-solving skills. Actuaries help their organizations or clients to solve complex financial issues especially those that deal with uncertainty. Actuaries usually have different academic backgrounds such as mathematics, statistics, economics, actuarial science, insurance, physics, accounting and finance. Nonetheless, they all have one thing in common – an interest in math and statistics.
When we think of the future of things we cannot over emphasize the role of an actuary. Listed below are few reasons why you should consider the actuarial advantage:
Following a college degree in a course with sufficient numerical content, a prospective actuarial student may follow any of the routes below:
This is a global certification that is aimed at students who require the only basic actuarial skills. A person who completes the CAA requirements cannot be called an actuary. CAA holders may still choose to pursue full actuarial qualification.
Students may be able to obtain exemptions from the professional exams if they have a degree in accredited courses from recognized universities.
This is a global qualification aimed at student students who want a career in actuarial profession and want to be qualified actuaries. This level of qualification provides all the numerical and analytical skills required of an actuary. Associates can be called qualified actuaries.
The Chartered Enterprise Risk Actuary (CERA) is a global risk management credential which encompasses a world‐class curriculum that combines actuarial science with the theoretical, practical and professional principles of ERM. It Instils the highest professional standards, with an impeccable code of ethics and rigorous educational requirements.
Source: CERA Global
This is a global qualification aimed at students who want a career in actuarial profession and want to be qualified actuaries. This level of qualification provides, in addition to numerical and analytical skills, higher level problem solving skill required of an actuary. This qualification also allows actuaries to specialize in different practice areas.
Below are links to videos about the actuarial profession from some globally recognized actuarial bodies…
Becoming an Actuary is no easy feat but is definitely doable. Hear what some of our members have to say about their actuarial journey so far and get motivated…