What Is Actuarial Science? (+Exams, Jobs, and Salaries) | G2

When it comes to choosing a career, it’s always important to determine a path you already love, inform Mara Calvello, Content Marketing Manager at G2.

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For instance, if you don’t enjoy dealing with teenagers, it wouldn’t be a good idea to become a high school teacher.

However, if you’ve always loved math, charts, graphs, and statistics, then going down the path of an actuarial scientist might be the right choice for you. Before you dive in with both feet, first learn more about what a role in actuarial science looks like, and what the road to a career will be like.

Jump ahead if you want to learn about something specific about actuarial science:

What is actuarial science?

Actuarial science is the study of applying mathematical and statistical methods to estimate risk in insurance, finance, and other industries.

If you’re interested in this line of work, know that’ll you have to bunker down, hit the books, and get ready to do some serious studying.

Actuarial science degree

If you’re a person entering college who loves math, finance, statistics, and business, an actuarial science degree may be right for you.

Because of this, college students should major in either economics, finance, math, or statistics. There’s also the option of majoring in actuarial science, which seems like the obvious route, but know that you have options. It’s also wise to take a few computer science courses to expand your knowledge and be more well-rounded in the field.

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Source: G2