One major, endless possibilities:
If you want a profession that analyses risk so that businesses can make their decisions within acceptable limits, then you can become an actuary. Combine your interests in business, economics and mathematics.
For more information, visit the Department of Statistics and Actuarial Science website.
Skills You Will Develop
You will acquire specific knowledge and competencies during your program of study. While the skills and knowledge may be directly applicable to your major, your other skills – research, project management, team work, and problem solving – for example, are valuable skills that you can transfer to a wide range of careers depending on what you want to do and what is important to you.
Your skill set and knowledge is not limited to your course work or academic experiences. Remember to take into account the skills that you’ve gained outside the lecture hall or seminar room -- through your work experiences, volunteering, extra-curricular and leisure activities. There are hundreds of student clubs and leadership opportunities supported by SFSS and DIRECTIONS: Explorations in Action, Leadership and Change. Check out other Personal and Professional Development Programs.
What are the Career Possibilities?
Did you know, that only about two percent of adults claim to be working in the occupation they planned when they were eighteen years old (Krumboltz, Levin, 2004)? Your future career is going to be influenced by many factors – the economy, political events, technology and chance occurrences – some of which you have no control over. In addition to investigating some of the common careers associated with your major (see the list below) why not look beyond your major and open yourself up to other possibilities.
Note: This is not an exhaustive list and some of these careers require further education and/or training/designations or experience.
- Actuarial Technician
- Casualty Actuary
- Claims Account Representative
- Group and Health Benefits Actuary
- Insurance Salesperson
- Life Insurance Actuary
- Pension Consultant
- Processing Analyst
- Project Manager
- Property and Casualty Actuary
- Reinsurance Analyst
- Resourcing Administrator
- Risk Manager
- Technical Actuary
Potential Work Environments
You can advance your career in any work environment because you can build skills, gain experience and develop networks in a variety of settings, and locations. What if you are unable to land a position in your preferred career in your work place of choice? What else could you do and where could you add value to your potential career? You need not always aim for big corporations or government departments. Consider working in small to medium business and non-profit organizations. Your experience may help you get a clearer view of your preferred future, and along the way you are likely to acquire some interesting experience.
- Banks and Investment Firms
- Consulting Firms
- Educational Institutions
- Financial Institutions
- Government (municipal, provincial, national)
- Governmental Agencies
- Healthcare Agencies
- Insurance Companies
- International Business
- Private Corporations
- Reinsurance Companies
Related Professional Associations and Sites of Interest
Professional associations are a valuable resource for occupational research, and work search. The professional associations cited here may also offer career information, job boards, networking opportunities, and volunteer opportunities. They are invaluable in your career exploration in that they allow you to access a myriad of resources and publications, and link you to other sites of interest. Take action, do some research on these associations, and consider joining a professional organization. You never know who you might meet or where the affiliation might lead.
- American Academy of Actuaries
- Actuarial Standards Board (ASB)
- Actuarial Students National Association
- Canadian Institute of Actuaries (CIA)
- Casualty Actuarial Society (CAS)
- Society of Actuaries (SOA)
- Statistics and Actuarial Science Students Association
- Be an Actuary
- New-Scientist Jobs
- Interview Questions for Actuarial
Career Development and Work Search Resources
Occupational & Career Information
Whether you know what you want to do or you haven't yet made up your mind, you should take action to increase the odds of making choices that will benefit you. To help you get started, click the link below to learn about your "dream" career and other careers you may want to consider. Who knows, while exploring these resources you may broaden your knowledge about what's out there and open the door to other career possibilities. What you'll notice is that there is no one plan rather a range of options.