Actuaries
The Jobs Rated Almanac has printed five editions from 1998 to 2001 (Society of Actuaries, n.d.). In two of these editions, "actuary" was rated as the best career in terms of environment, income, employment, outlook, physical demands, security, and stress. In two other editions, "actuary" was rated as the second best career. In only one other edition was it rated fourth. The data used to calculate these findings came from trade association and industry group studies, as well as government sources such as the U.S. Census Bureau and the U.S. Bureau of Labour and Statistics. In addition, Actuaries were rated number six by PayScale.com in terms of highest salary (Braverman & Jeffries, 2009). The average actuary makes around $129,000 a year and a top actuary make around $257,000. This paper will further explore the role and purpose of an actuary, the use of mathematics within this career, and how it influences the world around us.
The role of an actuary is to assemble and analyze various statistics to calculate the probabilities of injury, sickness, disability, property loss, retirement, unemployment, and death (Kouba, n.d.). Furthermore, an actuary will design creative...
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