Actuaries

What qualifications do you need to become an actuary?

404142

Top Answer
User Avatar
Wiki User
2006-10-31 17:05:08
2006-10-31 17:05:08

Actuaries earn professional designations based on the organization they belong to and their status in the professional exam system. When an actuary has met certain professional educational standards by passing a series of exams, he or she achieves the designation of Associate. Actuaries who specialize in property and casualty practice receive the ACAS designation. It stands for Associate of the Casualty Actuarial Society. Actuaries who practice in life, health, finance, investments or pensions receive the Associate of the Society of Actuaries, or ASA, designation. After achieving the Associate designation, the actuary can elect to continue to take exams to achieve the highest designation, Fellow. Casualty actuaries are Fellows of the Casualty Actuarial Society or FCAS. Fellow of the Society of Actuaries, or FSA, is the designation achieved by life, health, pension, finance and investment actuaries. Below are the different actuarial designations and organizations that grant them. Check out the actuarial alphabet. FCAS Fellow of the Casualty Actuarial Society ACAS Associate of the Casualty Actuarial Society FSA Fellow of the Society of Actuaries ASA Associate of the Society of Actuaries MAAA Member of the American Academy of Actuaries FSPA Fellow of the American Society of Pension Actuaries MSPA Member of the American Society of Pension Actuaries FCA Fellow of the Conference of Consulting Actuaries MCA Member of the Conference of Consulting Actuaries ACA Associate of the Conference of Consulting Actuaries FCIA Fellow of the Canadian Institute of Actuaries EA Enrolled Actuary What skills are needed to be an actuary? Specialized math knowledge. Calculus, statistics, probability. Keen analytical, project management and problem solving skills. Good business sense. Finance, accounting, economics. Solid communication skills (oral & written). Strong computer skills. Word processing programs, spreadsheets, statistical analysis programs, database manipulation, programming languages. What talents are needed to be an actuary? Self-motivation Creativity Independence Ability to work with others Ambition In a nutshell, the abilities developed and honed by successful actuaries include an excellent business sense with a knowledge of finance, accounting and economics, keen analytical, project management, and problem solving skills, specialized math knowledge, strong computer skills, and solid written and oral communication skills. In addition, actuaries enjoy learning, like to solve complicated problems, enjoy writing and talking to people, can work effectively alone or as part of a team, are interested in a variety of historical, social, legislative, and political issues, and are self-motivated achievers.

1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

What qualifications do you need to become an Aromatherapist?

User Avatar

Yeah how do you become a actuary?

User Avatar

To become an actuary you need to take physical science,information technology and accountig as well as mathematics and not mathematical literacy.

User Avatar

what qualifications do you need to become a general practitioner

User Avatar

what kind of qualifications do you need to become a teacher?

User Avatar

what qualifications do you need to be a politician

User Avatar

what qualifications do you need to become a health visitor

User Avatar

the qualifications you need to become a pianist is music lessons, college, and you have to be willing to play at any time.

User Avatar

hi, i am very interested in becoming a phlebotomist. and i would like to know what qualifications you need to become one.

User Avatar

Applicants for beginning actuarial jobs usually have a bachelor

User Avatar

you dont need any qualifications to become a model you just need to be really pretyy:] and have a lot of spare time

User Avatar

How to become a prosecutor? How to become a prosecutor? How to become a prosecutor?

User Avatar

what qualifications do yu need to become a driver instructor

User Avatar

qualifications to be a grond hostess sri lanka

User Avatar

To become an actress, you will need qualifications in performing arts (drama) and training in becoming an actress which will come whilst you are doing your qualifications.

User Avatar

you need to be able to cut hair

User Avatar

what qualifications do i need to be a airhosest

User Avatar

You need talent to become an actor

User Avatar

Hello, I am from England and i want to become a football manager< but i dont know what qualifications i need

User Avatar

I am interested in changing careers. What qualifications does one need to be a locksmith?

User Avatar

I need to know what kind of qualifications I need to become a radio DJ Qualifications are not important. What you need to focus on is experience. Try writing a letter to your local hospital radio station as every hospital has a hospital radio station.

User Avatar

None, you just need to become an apprentice in the art of jedi.

User Avatar

what skills do you need to become a professional netball player


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.