Actuaries the Jobs Rated Almanac Term Paper

Pages: 2 (741 words)  ·  Style: APA  ·  Bibliography Sources: 4  ·  File: .docx  ·  Level: College Senior  ·  Topic: Education - Mathematics


The career itself requires a solid understanding of mathematics in order to analyze statistics, make recommendations and generalizations based on those statistics, monitor the financial situation of the companies they work for, and provide consultation on investment strategies (Society of Actuaries, n.d.). They also use statistical analysis to infer the probability of an undesirable event from occurring, and the likely cost related to such an event. Furthermore, they address many financial questions such as how much money should one contribute to a pension plan and how often to produce a certain retirement income level by a specified time. Finally, actuaries use their statistical, financial, and business knowledge to help design savings plans, pension plans, insurance policies, and other financial programs to help protect people and their assets from potential risks.

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Actuaries are highly valued individuals (Society of Actuaries, n.d.). Their expertise is needed by society to ensure that we are protected from many of life's undesirable events. Their creativity and knowledge creates strategies to prevent such events from occurring, which relieves us of emotional pain and financial burden. Undesirable events which do occur do not have as strong of an impact on us as because of the work they do. "Actuaries…are the brains behind the financial safeguards we have implemented in our personal lives, so we can go about our daily lives without worrying too much about what the future may hold for us" (Society of Actuaries, n.d.). Furthermore, it is the knowledge that actuaries' posses regarding risks and risk-reduction which have informed many of the savings programs we invest into. These programs allow us to protect ourselves and enjoy many of life's pleasures. Thus, we all benefit from the work of actuaries.


Braverman, B. & Jeffries, A. (2009, December 1). Top-paying jobs. Retrieved from

TOPIC: Term Paper on Actuaries the Jobs Rated Almanac Assignment

Department of Mathematics. (n.d.). Actuarial studies. University of Texas at Austin.

Retrieved from:

Kouba, D. (n.d.). Why choose a mathematics-related profession? University of California.

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Society of Actuaries & Casualty Actuarial Society. (n.d.). Be an Actuary. Retrieved from: [END OF PREVIEW] . . . READ MORE

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How to Cite "Actuaries the Jobs Rated Almanac" Term Paper in a Bibliography:

APA Style

Actuaries the Jobs Rated Almanac.  (2009, December 11).  Retrieved August 4, 2021, from

MLA Format

"Actuaries the Jobs Rated Almanac."  11 December 2009.  Web.  4 August 2021. <>.

Chicago Style

"Actuaries the Jobs Rated Almanac."  December 11, 2009.  Accessed August 4, 2021.