Advantages and Disadvantages of Being an Actuary Essay

IntroductionI. Good afternoon to Ms. Parimala and my fellow classmates.II. The topic of my presentation today is Advantages and Disadvantages of Being an Actuary. What is an actuary?Experts in chance focal pointUses mathematical skills to measure probability and rise of future event effective information to many industriesIII. The advantages of being an actuary atomic number 18High toping potentialityCorporate keep an eye on receivedIV. However, the disadvantages areExamination requirements for advancement nerve-wracking and hard workContentA. Advantagesa. High earning potentialActuaries makes incomes well higher up averageEntry level work commonly pays between $45000 and $55000 median(a) annual salary for an actuary was $87600 according to Bureau of Labor Statistics Actuaries are well compensated, which vary signifi firetly according to years of experience, industry and responsibilities make to the salary chart, experienced fellows with 10 years experiences have potential to earn from $130000 to $500000b. Corporate respectActuaries earns wide respect in the business and financial community Actuaries often command a good degree of respect from fellow co-workers Actuaries are given authority within a fraternity and somatic environment Actuaries deals with high-level strategic decisions which can have a positive impact on legislation and businessesB. Disadvantagesc. Examination requirements for advancementIt is a long and hard process to be a qualified actuary, on average of 5 to10 years Besides the degree political program they had completed in university, they need to pass all the professionals SOA exam document Upon graduation, there will still be hundreds of hours of study and revisions all the date still having to go to work d. Stressful and hard work passing(a) routine of an actuary can be a rather stressful ordeal, being dealt with numerous tasks of analyzing statistical data Presenting reports and explaining their implications to managers and directors within specific deadlines Considering the risk of financial decisions for employers is some level of stress Continuous of stress can rather be tedious, feel meaningless and pretty boring shutdownI. In conclusion, I would like to end my presentation by dictum II. Summary of main pointsa) AdvantagesHigh earning potentialGain in corporate respectb) DisadvantagesExamination requirements for advancementStressful and hard workIII. Q & A