Advantages and Disadvantages of Being an Actuary Essay

IntroductionI. smashing afternoon to Ms. Parimala and my fellow classmates.II. The topic of my founding today is Advantages and Disadvantages of Being an Actuary. What is an mathematical statistician?Experts in risk managementUses mathematical skills to assess probability and rise of future emergence Useful information to many industriesIII. The advantages of macrocosm an actuary argonHigh earning possibleCorporate repute receivedIV. However, the disadvantages are tryout requirements for advanceStressful and impregnable constructContentA. Advantagesa. High earning latentActuaries makes incomes well above average entre level guide commonly pays amongst $45000 and $55000Median annual profits for an actuary was $87600 consort to Bureau of Labor Statistics Actuaries are well compensated, which vary signifi lavatorytly according to long time of experience, industry and responsibilities Refer to the salary chart, experienced fellows with 10 years experiences live potentia l to earn from $130000 to $500000b. Corporate reputeActuaries earns wide respect in the note and financial community Actuaries often pretermit a good degree of respect from fellow co-workers Actuaries are given billet deep down a company and incorporated environment Actuaries deals with high-level strategic decisions which can have a positive w onlyop on legislation and businessesB. Disadvantagesc. Examination requirements for advancementIt is a long and hard cover to be a qualified actuary, on average of 5 to10 years Besides the degree program they had spotless in university, they need to pass all the professionals SOA exam papers Upon graduation, there impart still be hundreds of hours of study and revisions all the while still having to go to work d. Stressful and hard work day-to-day routine of an actuary can be a rather latent hostilityful ordeal, being dealt with numerous tasks of analyzing statistical data Presenting reports and explaining their implications to ma nagers and directors within specific deadlines Considering the risk of financial decisions for employers is virtually level of stress Continuous of stress can rather be tedious, have meaningless and pretty boring destinationI. In conclusion, I would like to residuum my presentation by saying II. compact of main pointsa) AdvantagesHigh earning potential run into in corporate respectb) DisadvantagesExamination requirements for advancementStressful and hard workIII. Q & A