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Actuaries are in the business of quantifying risk and uncertainty. They use their backgrounds in math, statistics, or data science to determine the costs of risks and, make suggestions on limiting the costs.
Primarily, actuaries are hired by insurance companies. The work of an actuary can have a direct impact on policy premiums for various insurance policies. Actuaries can have a specific focus like healthcare, life insurance, property, enterprise, public sector, and retirement.
Additional opportunites might include working with consulting firms, tech companies, other financial institutions. The Society of Actuaries (SOA) has career paths outlined on their website.
Learn more about Actuaries at these links:
- Occupational Outlook Handbook, Actuaries
- Coursera Career Guide, What does an Actuary do?
- Etched Actuarial, I’m an Actuary. Here’s what I do all day.
- American Academy of Actuaries, Careers + Education
- SOA, Career Paths
