Can you become an actuary with a finance degree?

The best majors for someone looking to become an actuary are either economics, finance, math or statistics.

Do actuaries work in finance?

Some large financial institutions, particularly lenders, employ actuaries to assess risks on loan products. Actuaries can be used to measure the potential for loss in an investment portfolio, which directly crosses over into the realm of financial analysis.

Can a finance major become an actuary?

Usually, actuaries earn an undergraduate degree in math or statistics. It is also common to major in a business-related field, such as finance, economics or business. Students should, however, take courses in economics, applied statistics and corporate finance, which are requirements for professional certification.

Can I be an actuary with a finance degree?

Similar to economics, a degree in finance will give you background in the finance and business side of being an actuary but you’d have to take some courses in statistics, probability and computer science as electives in order to expand your knowledge in those areas for your career.

What degree is best for an actuary?

Most actuaries hold earn an undergraduate degree in an analytical field, such as mathematics, actuarial science, or statistics. Students should also take courses in topics such as computer science, writing, communication, and public speaking.

What is the job outlook for an actuary?

The Bureau of Labor Statistics projects 17.6 percent employment growth for actuaries between 2019 and 2029. In that period, an estimated 4,900 jobs should open up. Actuarial science is a discipline that uses mathematics, statistics and financial theory to measure, manage and mitigate financial risk and uncertainty.

Should I major in actuarial science?

Before you decide whether or not to major in actuarial science, you should give some thought to how much demand there is for the math-related degree. Actuarial science is a specialized degree program that prepares students for one career in particular: actuary. Fortunately, this lucrative career has an excellent job outlook.

What is the difference between an actuary and a financial analyst?

Unlike many of their compatriots on Wall Street, financial analysts are not generally expected to dedicate their entire lives to their work. Actuaries spend even less time at the office than financial analysts do.

What is the work environment and culture like for an actuary?

Work Environment. Most actuaries work for insurance companies. Although most work full time in an office setting, some actuaries who work as consultants may travel to meet with clients.