Sara Painchaud Dream Job September 5, 2018

I grew up with many different dream jobs, but one that I have always had is to become an
actuary and take after my aunt and uncle who are both actuaries. The description of an actuary is
someone who looks at all the numbers, risk factors, and benefits of certain decisions that need to
be made every day. Actuaries use many different skills such as math, science, and many different
financial theories to help businesses and other members of a community understand the positives
or negatives behind a situation and which way they should sway (Truity, 2017). In order to
become an actuary, one must receive a bachelor’s degree in either the major of mathematics,
finance, or economics. In order to do this job, you must be good at analyzing situations and be
able to look at computer models. Most jobs in this field are found in health, life, and car
insurance companies for the most part, but actuaries do exist in other workplaces as well
(Actuary: Employment Info and Requirements, 2018). My current classes are going to get me to
a level where I can achieve this dream because for now I am majoring in business but plan to add
in a finance major or minor soon. This may be in the form of accounting or something similar.
To become an actuary later in life I will need to become certified by either the Casualty Actuarial
Society or the Society of Actuaries. To fulfill this certification, I will need take several tests and
acquire a passing grade on them. For the Casualty Actuarial Society, it is a total of seven exams
and for the Society of Actuaries five exams are required (SR Education Group, 2018).
Actuaries are often described as the “social mathematicians” since they are in an office
setting working around 40 hours a week behind a desk, yet they do the important number
crunching for society. In the workplace it is not always cut and dry numbers and there can be a
lot of what if situations, but that is the intriguing part behind this job to me. The actuarial
positions are in the rapidly growing section as on average jobs rise around 10% yearly (Lippman,
1981). Once in this field of work the average yearly pay is $110,070 which is comfortable living,
and then some (BLS, 2017). My student loans will probably take a few years to pay off, but in
the long run my pay will make up for it. Although I have had the privilege to not make a monthly
payment on a car, yet I believe once settled in life I could afford around $200-300 per month.
The same concept would apply for affording a party as I believe with my financial situation a
few hundred dollars in order to feed every one would seem reasonable. Overall, I believe this job
will be a good goal for me to work towards throughout school and in order to receive my
certifications for it.

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Sara Painchaud Dream Job September 5, 2018

Bibliography
Actuary: Employment Info and Requirements. (2018). Retrieved from study.com:
https://study.com/articles/Actuary_Employment_Info_and_Requirements_for_Becoming_an_A
ctuary.html

BLS. (2017). Beaureau of Labor Statistics. Retrieved from United States Department Of Labor:
https://www.bls.gov/oes/current/oes_ma.htm

Lippman, T. (1981). Actuaries: Math Experts . Retrieved from The Washington Post:
https://advance.lexis.com/document/?pdmfid=1516831&crid=8d746751-514e-46fc-9a49-
f01d8dc2c420&pddocfullpath=%2Fshared%2Fdocument%2Fnews%2Furn%3AcontentItem%3A3
S8G-DB80-0009-W2S9-00000-00&pddocid=urn%3AcontentItem%3A3S8G-DB80-0009-W2S9-
00000-00&pdcontentcom

SR Education Group. (2018). How to become an Actuary. Retrieved from How To Become:
https://www.howtobecome.com/how-to-become-an-actuary

Truity. (2017). Truity. Retrieved from Truity: https://www.truity.com/career-profile/actuary