1. Actuary – What They Do “Risk Analyst” – Uses Statistics and Probability Theory to quantify risks. Informs the business management about the quantified risk, and help with making business decision. Helps business comply with various insurance regulations. Works at Insurance company (Auto, Health, Life Home, etc.), Financial Institution, Government, and Accounting Firms.

2. Career Outlook Ranked #1 in CareerCast.com (2014) and others High-Pay Low-stress Job Median pay $126,000 (CNNMoney) 0 year + 2 Exams (50-68K) (middle 85% range) 5 years + Associate (95-148K) 10 years + Fellow (147-249K) http://www.ezrapenland.com/salary/

3. Major Types of Actuary Property and Casualty Insurance Pension/Life Insurance Finance

4. How to Become Actuary? Must pass 10 exams to be Fellow. (6 exams = Associate) Typically takes 6-10years after graduation. 2 exams + internship + project is a great start for a somebody with Bachelors. On average, it takes about 6-8 years become Fellow. Some companies (Typically Insurance) will pay to study. (e.g. 2hrs/day) It is not required to have degree in Actuarial Science. (e.g. some people have Math, Stats, or Finance degree).

5. Actuarial Science in Akron In UAkron, 3 courses are directly related to Actuarial Science: – 3470: 451 Theoretical Statistics I (For Exam P/1, offered every Fall) – 3470: 471 Actuarial Science I (For Exam FM/2 and FME/3, offered every Fall) – 3470: 472 Actuarial Science II (For Exam C/4, offered Spring of even year) Calculus III required for 451. 451 and 471 can be taken at the same time. Take them in Fall of your junior year to give time to pass the exam before graduation. For 472, you don’t have to have 471, but you need 451. Start looking for Summer internship in Fall of your Junior year. Bachelor of Science in Statistics with Actuarial Science Option is available from Dept. of Statistics

6. Bachelor of Science in Statistics with Actuarial Science Option 3 Actuarial Science courses (3470:451, 471, 472), will count toward your degree. Rest of credits can be Stats and Math electives that are relevant to Actuarial Science. More details at http://www.uakron.edu/statistics/academics/undergraduate-degrees.dot http://www.uakron.edu/statistics/academics/undergraduate-degrees.dot Majoring in Actuarial Science

7. Where Our Graduates Work Actuarial Positions Progressive, National Interstate Insurance, Tigret, Aon, CBIZ, Erie Insurance, etc. Statistical Positions Progressive, Veyance, Goodyear, Key Bank, etc.

8. Reference and Contacts BeAnActuary.com - Great resource for everything about Actuarial Career BeAnActuary.com Nao Mimoto Dept. of Statistics University of Akron CAS 413 nmimoto@uakron.edu http://gozips.uakron.edu/~nmimoto/