In view of the rapid development of the China market, job prospects for actuaries are good. This programme certainly provides formal academic training to students who wish to join the actuarial profession and to be actuaries. An actuary is a person concerned with the application of probability and statistical theory to problems of insurance, investment, financial management and demography. Other actuaries work for large actuarial consulting firms. Actuaries' duties are varied, challenging and so important that they are frequently called the brains of the insurance business.
Actuaries work with facts, figures and people to solve business problems.
They are the statisticians of the insurance industry, but they also have broader responsibilities of financial management. Actuaries frequently evaluate the past, apply known changes, interpret expected changes, and set future directions to determine the price of insurance, employee benefits and retirement plans. Actuaries work in many capacities within businesses, consulting firms, government agencies, and universities and often fill upper managerial roles in the insurance field as become senior officers or heads of companies. Most importantly, all actuaries have an aptitude for mathematics and apply it to financial situations. Professional Qualifications for actuaries are at two levels, Associate and Fellow .