The starting salary can reach 500 thousand, one of the most ideal jobs in the world: what is the mysterious profession of actuary?

Many people ask, "What does an actuary do?"

It can be said that actuaries are frequent visitors to the world's most ideal career rankings, comparable to old Chinese medicine practitioners, and the older they are, the more valuable they are. It is also figuratively compared by the international community as the "first violinist" who coordinates and balances the social and economic operation.

Actuaries are business occupations that deal with risks and uncertain financial risks. Based on the basic principles of economics, they use various scientific and effective methods to analyze, evaluate and manage the future risks in various economic activities, which is the basis for modern insurance, finance and investment to achieve stable operation.

Actuaries are a popular and attractive profession all over the world, which is called "the golden collar in the golden collar".

In developed countries, actuaries are not only the core elites of commercial insurance, but also hold important positions in financial investment, consulting and other fields.

How tall is the actuary?

The above table is based on EzraPenland's survey report on actuaries' remuneration, which clearly shows how "rich" actuaries are.

Another simple example:

Many tutors in the actuarial field of Pantech Hongjing Consulting Co., Ltd. have passed five exams after graduation, so their annual salary after working for one year is basically around 80,000 US dollars.

Also based on five exams, according to work experience:

|? 1 year working experience Annual salary: 70,000-90,000 USD.

|? 2-3 years working experience, annual salary: 800-65438+ 10,000 USD.

|? & gt3 years working experience, annual salary: 65438+ million+USD.

Do you want to be an actuary?

First, take Shanghai as an example. Shanghai 10 life insurance companies only have more than 30 actuarial professionals, which is far from meeting the needs of the development of the insurance industry.

With the further opening of the domestic insurance market, the demand for actuarial talents in China is further expanded, and actuaries will be the most sought-after "aristocrats" in the employment market.

Actuaries have outstanding advantages in working environment, employment prospects, job security, growth opportunities and salary (especially salary).

Secondly, actuaries are a profession that requires hard skills (professional knowledge) and time accumulation (enough examination time). There is no way to be opportunistic. The farther you go, the narrower the road, but the more professional it will be.

The highest position of actuary is chief actuary, which belongs to C-Level, and the salary of such a position is often not to be underestimated.

Furthermore, relative to the whole financial industry, actuaries are a gradual and relatively stable profession. No matter how turbulent the market is, insurance companies will never fail.

Finally, the salary of actuaries is very high, and experienced actuaries can get an income of $654.38+$5,000 to $250,000 every year.

What does it take to be an actuary?

Professional strength:

If you want to be an actuary, you must master some basic courses, such as calculus, linear algebra, probability theory and mathematical statistics, insurance and risk management.

Not only that, because actuaries are engaged in the economic field, they must also have high economic literacy and master accounting, finance, economics and computer science. In this way, actuaries can have a strong ability to respond to changes in the economic environment.

In addition, actuaries also need to master scientific knowledge such as language expression, business writing and philosophy. To qualify as an actuary, one must pass rigorous examinations in some subjects and be recognized by actuarial institutions.

Professional qualification certificate required by actuaries:

To become a registered actuary, one must pass a series of rigorous examinations in a few years. At present, there are four series of actuary examinations in China: Chinese actuary examination, North American actuary qualification examination, British actuary examination and Japanese actuary examination.

The former is the only actuary with the qualification to sign actuarial reports of life insurance companies in China's Insurance Law, while the latter three become the three pillars of actuarial qualifications and enjoy a high reputation in the international insurance industry. Among them, North American actuary qualification is the most authoritative actuary certification system.

Which companies use actuaries?

Property insurance or life insurance company

For example, the actuarial department of traditional life insurance companies. Actuarial is the soul of life insurance companies. Almost two-thirds of the actuaries in the world work in insurance companies.

Actuaries play a very important role in the development of life insurance companies and life insurance industry. Actuarial technology has been widely used in life insurance business, annuity market, financial operation, capital operation and forecasting the future.

consultant firm

Mainly small-scale insurance companies and banks, such as human resources consulting, actuarial consulting companies, commercial banks' credit card floating credit design.

Pension investment company, medical insurance company

Insurance companies include AIG, insurance, AAA, Liberty Mutual, etc. Companies related to medical insurance include Kaiser Medical Insurance Company, Delta Dental Company and Blue Shield California Company.

Other pension investment companies and investment companies, etc.