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 * What is an Actuary?
 * Why Actuarial Science?
 * How Do I Get Started?
 * College Study
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 * What is an Actuary?
   * What Do We Do
   * Where Do We Work
   * A Top Ranked Job
   * Fast Facts About Actuaries
 * Why Actuarial Science?
   * A Top Ranked Job
   * Salary
   * Day in the Life
   * Balance of work life
   * Career outlook
   * Non-traditional trajectories
   * Solve real problems
   * Smart work
 * How Do I Get Started?
   * Is this the career for you?
   * What to do in high school
   * Colleges with Actuarial Programs
   * Scholarships
 * College Study
   * Is this the career for you?
   * Colleges with Actuarial Programs
   * What to Study
   * VEE Requirements
   * Diversity Scholarships and Programs
   * Internships
   * High School Summer Actuarial Program
   * Education FAQs
 * Actuarial Exams
   * What does it take?
   * Preliminary Exams
   * Exam FAQs
 * Finding a Job
   * Internships
   * Advice on Obtaining an Actuarial Position
   * Online Career Centers
   * Jobs by Type of Employer
   * Jobs by region
   * Tips & tools
 * Diversity Programs
   * Diversity Scholarships and Programs
   * Diversity Exam Reimbursement Program
   * Needs-Based Exam Reimbursement Program
   * High School Events
   * High School Summer Actuarial Programs
   * Helpful links
 * News & Resources

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Display Info
Computer skills are vital to actuaries. From formulating spreadsheets and
running statistical analysis programs to keeping up with the latest online
financial news–actuaries always have technology at their fingertips.
Display Info
This math professor teaches the subject that all future actuaries love. To
pursue the career, you don't have to major in actuarial science–majors in math,
statistics, finance, and economics also provide a solid foundation for students
considering a career as an actuary.
Display Info
A visit to the college Financial Aid office by a future actuary will pay off—a
career in actuarial science can lead to potential earnings from $150,000 to
$250,000 annually for experienced Fellows. Talk about return on investment!
Display Info
You won't find an actuary in this Health Center, but their work is the backbone
of the health insurance industry. Actuaries figure out the price of health
insurance premiums, based on criteria like age, health, and habits. In the U.S.,
the Affordable Care Act has created many new opportunities for actuaries.
Display Info
At the campus library, you will find future actuaries reading a variety of books
and journals to get the well-rounded education they need. Actuaries are known
for their ability to learn and assimilate a wide range of information and
communicate it effectively.
Display Info
Like to work in a group? Actuaries work in teams to develop products, analyze
insurance industry trends, write business proposals, give presentations, and
interact with colleagues from across their company.
Display Info
These two students are going to their Corporate Finance class, as they work on
the requirements for earning an actuarial credential. Future actuaries must
complete approved courses on certain topics to fulfill the Validation by
Educational Experience (VEE) requirements. Learn more in the College Study
section.



THE PROFESSIONAL LIFE




DO THE MATH

An insurance policy pays for a random loss X subject to a deductible of C,
where 0 < C < 1. The loss amount is modeled as a continuous random variable with
density function



Given a random loss X, the probability that the insurance payment is less than
0.5 is equal to 0.64 .

Calculate C.

 1. 0.1
 2. 0.3
 3. 0.4
 4. 0.6
 5. 0.8

View Answer



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