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How to Become an Actuary

How to Become an Actuary PhotoBecoming an actuary is something that every aspiring person should be prepared for while they are still young. It will take years of study, patience, hard work, an indestructible interest and a high level of mastery in the field of Mathematics to develop into one.

Despite everything, the rewards are very well worth your efforts. Here are the steps on how to become an actuary.

Be a math whiz kid

Mathematics is the main weapon that you will be using in battling your way towards this profession. It only means that you have a better chance if you started out at a young age. If you think you have a knack for numbers, statistics, formula and other mathematical stuffs, then develop that talent and continue on learning.

Take advanced courses about mathematics while in high school. You can ask for help from a math teacher or a guidance counselor regarding this. You can also ask for their help to recommend you to the best colleges which offers special mathematics programs.

Learn and achieve

Now that you have worked a lot on math mastery, it’s time to show off. But first, take up a bachelor’s degree course in different areas that has something to do with being an actuary. Try to consider the following courses below:

  • Finance
  • Mathematics
  • Statistics
  • Economics
  • Actuarial Science
  • Economics or
  • Accounting

Study hard and make sure that you gain all the prerequisites to being an actuary. To highlight those, you need to train a lot on calculus, statistics and consider liberal arts as well to sharpen your communication skills. Show what years of training have made you and be on top, or at least pass all of your major subjects for a better profile.

Take examinations

Next, a series of exams comes along the way. You also have to expect seminars, more training and more years to spend on making yourself an expert. Apply for the required exams through the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS). Remember to make use of everything that you’ve learned and as much as possible, excel.

Get ready for the big time

As soon as you pass your first or second examinations, you can start applying for actuarial jobs. Once you’re hired, it’s time to apply all the skills you’ve got and this will take you further on your career as an actuary. Your first year of work could be an internship to hone your personality and skills before you go big time.

This is the time when you can take everything back. You can now afford to buy a lot of things and now comes the opportunity to decide for your life. Even though you’ve got the job, you still have to continue on studying, learning and taking up some examinations. Live a better life as an actuary, continue to grow and taste the fruit of your years of hard work.