Trends The current supply of actuaries is likely to meet employer demands for additional actuaries. Earnings Salaries vary with educational levels and experience. Actuaries are typically given merit increases as they gain experience and pass successive examinations. Hours Actuaries work a five-day week, averaging 35 to 40 hours. Benefits Common benefits include paid sick leave, vacation and holidays.
Actuaries also receive medical, dental and vision insurance, and retirement plans.
Most employers require a bachelor's degree in mathematics or statistics, preferably with a specialty in actuarial science. Some companies will accept a major in economics or business administration if the applicant has a strong background in calculus and statistics. Courses in insurance law, economics, accounting, computer science, speech, and effective writing are also helpful. High school students should take advanced math and computer science courses. It usually takes five to ten years to complete the series of ten exams required for the full professional status as a an Actuary.