Do software engineers earn more than actuaries?

According to Payscale, the average pay of someone with a bachelor’s degree in computer engineering is $87,240. This makes computer engineering one of the best paying majors available and significantly higher than the reported average pay for an actuarial science major which is $67,014.

Can engineers work as actuaries?

Yes! With a bachelors degree and strong willingness to put in the effort needed, an engineer can become an actuary. The path to becoming one isn’t simple though. There are many things to consider before getting started.

Do actuaries use computer programming?

Actuaries use various programming languages to help them organise and analyse data. Microsoft Excel and VBA are a must if you want to be an actuary. You may be required to learn additional programming languages such as SQL, SAS, R and so forth but as a start you need to have good Excel and VBA skills.

Should I do computer science or actuarial science?

An Actuarial degree is very specialised, while a Computer science degree allows for a broader range of applications. If you feel strongly for both professions, I would recommend to do a Computer Science degree and write the Actuarial professional exams on your own.

Can I make 200k as an actuary?

Fully qualified actuaries can make $150,000+ annually, so most people would say actuaries make good money.

How do I become an actuary after engineering?

Although there is no mandatory graduation degree required for actuaries, it is generally recommended that a degree in mathematics, statistics, actuarial sciences, computer science, engineering, business management, finance or a related field should opt post-high school.

Is Python useful for actuaries?

It is the preferred language for writing application programming interfaces (APIs). Some have termed Python “the programming glue” since it connects so many disparate systems. Another important benefit for actuaries who learn Python is that they can communicate directly with the IT department and can peer review code.

Do actuaries use Excel?

For most actuaries, Excel is used on a daily basis. It’s a very powerful tool that can be used for all sorts of work, such as data analysis, reporting and calculations.