Advantages and Disadvantages of Being an Actuary
I. Great afternoon to Ms. Parimala and my fellow schoolmates.
II. The topic of my discussion right now is Benefits and drawbacks of Being an Actuary. What is an actuary?
Experts in threat management
Uses mathematical talents to determine chance and improve of future occasion Useful information to many markets
III. The advantages of being an actuary are High earning capacity
Corporate respect received
IV. Nevertheless, the downsides are
Examination necessities for development
Demanding and effort
a. High making potential
Actuaries makes incomes properly above average
Entry stage work commonly pays between 000 and 000.
Typical annual income for an actuary was $87600 according to Bureau of Labor Stats Actuaries are nicely compensated, which differ substantially in accordance with years of expertise, trade and responsibilities Refer to the revenue chart, skilled fellows with ten years experiences have potential to make from $130000 to $500000.
b. Business respect.
Actuaries earns broad regard in enterprise and monetary group Actuaries regularly command a good degree of regard from fellow colleagues Actuaries are provided authority inside a company and enterprise environment Actuaries handles top-level tactical selections which may have a optimistic influence on laws and companies.
B. Disadvantages.. Examination requirements for advancement
It is a protracted and exhausting process to be a certified actuary, on common of 5 to 10 years Besides the diploma program they’d completed in college, they want to pass all of the professionals SOA exam papers Upon graduation, there will nonetheless be lots of of hours of study and revisions all of the while nonetheless having to go to work d.
Stressful and hard work
Daily routine of an actuary can be a rather stressful ordeal, being dealt with numerous tasks of analyzing statistical information Presenting reports and explaining their implications to managers and administrators inside specific deadlines Considering the risk of monetary decisions for employers is a few stage of stress Continuous of stress can somewhat be tedious, feel meaningless and pretty boring Conclusion
I. In conclusion, I wish to finish my presentation by saying II. Summary of major points
High earning potential
Gain in corporate respect
Examination necessities for advancement
Stressful and exhausting work
III. Q & A