An actuary combines math, statistics and finance abilities to assess the risks of financial decisions. They often work for insurance companies, though you could work in a business finance department as well. The U.S. Bureau of Labor Statistics does not specifically address starting pay, but average pay for all actuaries was $107,740 as of May 2013.
Actuary Salary Details
An April 2013 "CNN Money" article indicated that the typical starting pay for an actuary is $45,000 to $55,000. This amount is supported by the Purdue University overview of an actuarial job. CNN noted that you quickly can increase your salary to nearly $90,000 after passing several initial financial certification exams.
A degree in actuarial science, business, mathematics or statistics is the first step toward an actuarial career. After employment, you take financial exams to increase your certifications for more tasks.
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