Many people in the world want to be different than their fellow human beings. Same is the case with students who wants a different career path than their elders. Now a day’s options are far spread and you can choose to become something different from doctor, engineer scientist or musician. Actuarial sounds different but it’s not that new. It is good field for those who are good at problem solving and choosing from options. It is related to the risk assessment process.
The Actuarial are very well respected professionals and they are also among the highly paid. The work involves mind and intellectual knowledge which is not as easy as it looks sometimes. You have to think every possibility of a situation that could be possible. The work is challenging as the new problems arise with the new technique to tackle them and it is the work of an Actuarial to find that new way to solve the problem.The work is basically to find the possibilities of an outcome which is undesirable and how to reduce that undesirable result. The work is very detailed as the answers must be in says not percentages but decimals. So you must have prior knowledge in analytical problems and a solid grip over business knowledge. Risk relates to company to company and business to business and its Actuarial work to judge the results based on the very nature of business.
Now a days most jobs available to Actuarial are in insurance firms, investment banks, also in financial institutions. The demands are increasing in insurance firms as people do not want to lose a single penny of them and wants to insure every possible thing of their. The risk could be both financial and emotional as the death of a person can cause great harm to its family and gives both emotional distress and with no earning hand in house financial difficulties as well.
There are many promising options available to those choosing Actuarial as a career. They can make a self employed firm for doing this work or working for different companies or be at management level of a corporate business. You can have good earning capacity and with the time experience you could be one of your kinds to be doing such a work.