Also called: Enrolled Actuary, Retirement Actuary
Makes sure retirement plans have enough money to pay workers' pensions decades into the future.
You project how long a company's retirees will live and how investments will grow, then tell the company how much to set aside this year.
Approximate: anchored on Bureau of Labor Statistics data for a broader job group.
Bachelor's degree (4-year), about 8 years after high school. Bachelor's in math, actuarial science, or statistics, plus a series of professional exams (SOA or CAS) taken while working; full credentials take about 7-10 years. Employers usually pay for exam study. Pension work also requires the federal Enrolled Actuary credential.
Ways in: 4-year college, Certification. Training cost: $15k – $60k.
Majors to look at: Actuarial Science, Mathematics.
Growing much faster than average (about 22% over 10 years). Growth is for actuaries overall.
Medium risk for 10 years. AI runs projections quickly; the Enrolled Actuary who certifies pension funding and advises clients stays human.
Classes: AP Calculus, AP Statistics, AP Macroeconomics.
Official data: O*NET occupation 15-2011.
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