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 risk perplexityUses mathematical skills to measure probability and rise of future event Useful information to many industriesIII. The advantages of being an actuary areHigh earning probable unified jimmy receivedIV. However, the disadvantages areExamination requirements for cash advanceStressful and hard workContentA. Advantagesa. High earning potentialActuaries makes incomes well above average accounting entry level work commonly pays between $45000 and $55000Median annual salary for an actuary was $87600 according to Bureau of Labor Statistics Actuaries are well compensated, which vary importantly according to years of experience, industry and responsibilities Refer to the salary chart, experienced fellows with 10 years experiences have potential to earn from $130000 to $500000b. Corporat e 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 indoors a company and corporate 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 weapons platform they had completed in university, they need to pass all the professionals SOA exam papers Upon graduation, there will serene be hundreds of hours of study and revisions all the while still having to go to work d. Stressful and hard workDaily routine of an actuary can be a rather stressful ordeal, being dealt with many 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, incur meaningless and pretty boring ConclusionI. In conclusion, I would like to end my presentation by saying II. Summary of main pointsa) AdvantagesHigh earning potentialGain in corporate respectb) DisadvantagesExamination requirements for advancementStressful and hard workIII. Q & A