The broader a person's computer knowledge, the better, as it enables the student to become involved in a greater variety of projects. In addition to strong math skills, successful new actuaries must demonstrate superior communication, leadership and teamwork skills as Fellows are expected to eventually hold senior positions within their organizations. Problem-solving skills are also essential. In the past, actuaries have had the reputation of being back-room number crunchers. This is becoming less and less the case.
Assignments vary tremendously from actuary to actuary and often from week to week.
Actuaries have traditionally worked for insurance companies, consulting firms, government and colleges. In recent years, the proportion of consulting actuaries has increased while the proportion of insurance company actuaries has decreased. However, there may not be enough new positions created to handle new Associates and Fellows. In response, the SOA began to change the exam syllabus and will continue to do so. In the near future, the syllabus likely will be expanded to cover actuarial mathematics applied to industries beyond the traditional ones, such as manufacturing.