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OCCUPATION
PROFILE
PROFILE
- Statewide
- Western Prosperity Zone
- Southwest Prosperity Zone
- North Central Prosperity Zone
- Northeast Prosperity Zone
- Northwest Prosperity Zone
- Piedmont-Triad Prosperity Zone
- Sandhills Prosperity Zone
- Southeast Prosperity Zone
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Finance
- Annual Median Wage$ 135,180$76,610
$236,460Annual NC Wage Range
Growth Rate
Very Fast Growing
- Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries' work is essential to the insurance industry.
What do they typically do
- Compile and analyze statistical data and other information
- Estimate the probability and likely economic cost of an event such as death, sickness, an accident, or a natural disaster
- Design and test insurance policies, investments, and other business strategies to minimize risk and maximize profitability
- Calculate cash reserves needed, based on existing policies and liabilities, in case of payout or claims
- Produce charts, tables, and reports that explain calculations and proposals
- Explain their findings and proposals to company executives, government officials, shareholders, and clients
Number of Jobs
Average AnnualJob Growth +2.7%Job Opening 92Education & Training
- Education Most require a four-year bachelor's degree, but some do not.Associated Programs or MajorsMoreLicenseMore
NC Workforce CredentialsPrivate Training Programs9011147Change 246