Becoming an Actuary via Online Education?

At the very least, online education can help you lay a foundation and/or open up alternate career paths. American Intercontinental University is a US school (accredited) offering business and finance courses to train individuals to become top-notch business and finance professionals, event planners, web developers, SEOs, accountants, finance accountants, forensic accountants, tax accountants, advertisers, etc. Currently, according to the US Bureau of Labor Statistics there are 17,940 people employed as actuaries alone in America, and their average annual salary is $97,450. Colleges and universities like American Intercontinental University that provide online education are successfully launching workers into this field.

Typical Work Locations for an Actuary
  • london
  • edinburgh
  • deorking
  • scotland
  • england
  • haywards heath
  • camberley
  • surrey
  • ipswich
  • united kingdom
Potential Advantages and Benefits of Working as an Actuary
  • great salary
  • good lifestyle
  • an intellectual challenge
  • provide security
  • strong client relationship and consulting skills
  • ability to work independently with minimal direct supervision
  • excellent oral and written communications skills
  • working knowledge of actuarial concepts and calculation methods
  • superior teamwork skills
  • five to ten or more years of extensive practical experience
Potential Drawbacks
  • Exams
  • having to explain to people what an actuary is
  • stress
  • The pay is good, not great
  • Lots of people who are equally smart/hard working go into other fields and do much better
  • Despite the hard work you put into learning the business and its technical aspects, you may well find the actuarial skills that you have developed are passed off by your superiors as trivial in relation to your ability to "communicate" with pretty graphs and slides
  • work travel
  • little to no free time outside of work
  • math skills required
  • the ever-changing economic environment
Related Professions to Consider
  • Consulting Research Actuary Analyst
  • Associate and Actuary Lead
  • AVP & Actuary
  • Senior Actuary General Liability
  • Senior Actuary Associate
  • Valuation Actuary - Individual Life
  • Buck - Retirement Actuary (Sr. Consultant)
  • Actuary
  • Lead Pricing Actuary
  • Insurance Actuary
Possible Interview Questions When Applying to be an Actuary
  • Why are you interested in actuarial science?
  • What are you strengths?
  • What do you consider to be your greatest accomplishment?
  • Tell me about a time you had to adapt to a difficult situation or person?
  • Describe a time you had to deal with a difficult customer?
  • What do you know about this company?
  • What do you look for in a job?
  • What are your short and long-term career goals?
  • What is your salary expectations?
  • Do you want to add anything before ending?
Common Collaborating Professions
  • accountant
  • chief financial officer
  • account executive
  • statistician
  • software developer
  • computer scientist
  • mathematician
  • database administrator
  • system administrator
  • programmer
Actuary Training books Actuary (More) Popular books Potential Companies to Work For Common College Majors
  • Calculus
  • Macroeconomics
  • Microeconomics
  • Probability
  • Risk theory
  • Statistics
  • Accounting
  • Applied Mathematics
  • Finance
  • Insurance

Actuary Salary Information

Category: Actuaries

Total # Employed in the US 17,940
Average Hourly Wage: $46.85/hr
Hourly Wage Range
PERCENTILE
10%25%50%75%90%
$24.98 $31.27 $41.93 $58.11 $76.08
Average Yearly Salary $97,450
Yearly Salary Range
PERCENTILE
10%25%50%75%90%
$51,950 $65,050 $87,210 $120,870 $158,240
Employment Demographics
% OF WORKERS WITH
< High School Diploma High School Diploma Some College Associate Degree Bachelor Degree Master Degree Doctoral Degree
0.1% 0.4% 1.5% 1.0% 62.0% 22.2% 12.9%
Actuaries — WAGES BY STATE, SORTED BY SALARY
STATEAverage Hourly WageAverage Annual Salary
Utah $57.99/hr $120,620
Ohio $54.39/hr $113,140
Florida $53.11/hr $110,470
Kentucky $52.72/hr $109,670
Wyoming $50.33/hr $104,680
Oklahoma $50.2/hr $104,420
Colorado $50.13/hr $104,260
North Dakota $49.02/hr $101,970
Oregon $48.84/hr $101,590
Missouri $48.43/hr $100,730
District of Columbia $48.19/hr $100,230
Delaware $47.8/hr $99,430
Virginia $46.88/hr $97,520
Indiana $46.87/hr $97,500
Nebraska $46.73/hr $97,200
Louisiana $46.25/hr $96,190
Maine $45.08/hr $93,760
Kansas $45.05/hr $93,710
South Carolina $43.46/hr $90,390
North Carolina $43.4/hr $90,260
Idaho $43.32/hr $90,110
Hawaii $43.31/hr $90,090
New Hampshire $42.68/hr $88,780
Puerto Rico $41.76/hr $86,870
Connecticut $41.66/hr $86,650
Mississippi $41.63/hr $86,590
Montana $40.93/hr $85,130
Washington $40.05/hr $83,310
South Dakota $39.65/hr $82,480
Guam $39.52/hr $82,190
Tennessee $39.5/hr $82,160
Maryland $39.12/hr $81,360
New Mexico $38.65/hr $80,400
Arkansas $37.48/hr $77,960
Wisconsin $37.27/hr $77,530
Alabama $32.35/hr $67,300
Michigan $29.06/hr $60,450


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