What are the top states that have the highest employment in actuary?

The states with the highest level of actuary employment include:

• New York.
• Pennsylvania.
• Ohio.
• Illinois.
• California.

Why there are less actuaries in India?

According to Insurance Regulatory and Development Authority of India (IRDAI) chief Subhash C. Khuntia, India needs at least 1,000 to 1,200 actuaries, especially in general insurance. “The number of fully-qualified actuaries is low because actuarial science courses are time-consuming,” said Bal.

Why do so many people not want to be an actuary?

One, they don’t realise the profession exists. Many people don’t – every actuary will recognise this exchange: You: “I’m an actuary.” Them: “You’re an actor?” Two, it is a very difficult profession. The exams are extremely hard – it is rare to qualify without failing something along the way.

Why is actuarial science considered a boring job?

Because many people view the actuarial field as technical, complex and difficult to understand. Generally, the people who perceive actuarial science as boring are people who do not have an interest or passion within this field. It is rare to find a qualified actuary who tells you that their job is boring.

Is an actuarial science degree worth it?

Actuaries are extremely valuable to an insurance company because of their very specialized knowledge of how insurance and risk work, as well as their ability to understand complex mathematics and statistics. But, outside of the insurance industry, an actuarial science degree and actuarial exams aren’t necessarily as highly valued.

What is the actuarial career path?

Ultimately, the actuarial career path comes down to analyzing uncertain events (more about that here) and putting a dollar value to them. When you start working in an entry-level actuarial job, you’ll probably be ‘in the weeds’ doing all the dirty work that is necessary, but not necessarily fulfilling.