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Economics and Data Analytics

Actuary

Understand for the Present, Predict for the Future

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates, and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Contact Info

Center for Career Exploration and Success

45 Armstrong Center

550 E. Spring St.

Oxford, OH 45056

careercenter@MiamiOH.edu

513-529-3831

Get in Touch

Related Job Titles

Actuarial Analyst, Actuary, Pricing Actuary, Retirement Actuary, Actuarial Associate, Consulting Actuary, Pricing Analyst, Actuarial Consultant, Health Actuary, Product Development Actuary

Facts and Stats

Your career outlook is looking good – just like these stats.

O*NET Code: 15-2011.00

O*NET Summary
  • $111,030 Median wages (annual)

    2020

  • 2,000 Projected job openings

    2019–2029

  • Over 8% Projected growth (much faster than average)

    2019-2029

What you Need to Know

  • Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Computers and Electronics — Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • Law and Government — Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • Administration and Management — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Related Programs

Top Technology Requirements Included in Job Postings

  • Analytical or scientific software — IBM SPSS Statistics; Insightful S-PLUS; SAS; Statistical software
  • Data base user interface and query software — Data entry software; Microsoft SQL Server; Oracle software; Structured query language SQL
  • Financial analysis software — GGY AXIS; Oak Mountain Software AnnuityValue; Pricing software; Towers Perrin MoSes
  • Object or component oriented development software — C++; Oracle Java; Python; R
  • Presentation software — Microsoft PowerPoint

Related Career Options

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This page includes information from O*NET OnLine by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license.