Articles in Career DevelopmentArticles in EntrepreneurshipArticles in Health & SafetyArticles in Job SearchArticles in Salary / BenefitsArticles in WorkplaceActuaryA Day in the life of a Actuary A significant portion of the aspiring actuary’s time is spent studying for the multifaceted, information-specific exams that every actuary must pass. Initial examinations test basic mathematical skills, such as probability, calculus, and linear algebra, and are used as “litmus tests” to eliminate those unsuited to the actuarial life. Surprisingly, we found little mention of the long hours spent outside of work studying for the exams and the lack of a social life this hard study encourages. Actuaries seem to enjoy the constant education the profession requires, regardless of the personal cost. These exams provide good indicators of progress as an actuary; full passage of the exams take between five and ten years. Paying Your Dues The endurance of a marathoner is required not for the hours, which are fairly acceptable, but to make it through the actuarial examinations, which can take as long as ten years to pass. These tests are administered biannually by three associations: The Society of Actuaries, the Casualty Actuarial Society (for casualty actuaries), and the American Society of Pension Actuaries. While each agency provides certification for a certain specialization, the first few tests are general enough that they may be taken without regard to any specific career path. Associated Careers Source : Princeton Review
|