Actuaries typically work in insurance companies, pension funds, government agencies, or consulting firms. They can also be found in financial institutions, healthcare organizations, and corporations needing risk assessment. Most actuaries work in office settings, often with a focus on data analysis.

An actuary analyzes financial risks using mathematics, statistics, and financial theory. They evaluate and manage risks related to insurance, pensions, investments, and other financial sectors. Actuaries help companies plan for the future by calculating the likelihood of future events and their financial impact.

An actuary is typically detail-oriented, analytical, and enjoys problem-solving. They are strong in mathematics and are good at making decisions based on complex data. People who like working with numbers and are comfortable in a structured, methodical environment often pursue this career.

Actuaries need strong mathematical and statistical skills, especially in probability theory and risk modeling. They also require knowledge of economics, finance, and computer programming. Professional certifications, such as those from the Society of Actuaries, are essential for career advancement.

Actuaries typically earn between $60,000 and $150,000 annually, depending on experience and location. Senior actuaries or those with specialized certifications can make over $200,000. Salaries are higher in large firms and in cities with a high demand for actuary services.