Actuaries assess the likely cost to a company for events such as death or injury

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February 21, 2010

Actuaries assess the likely cost to a company for events such as death or injury

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Outlook: Employment of actuaries is expected to increase 21 percent over the 2008-18 decade, much faster than the average for all occupations.

Pay: The 150 actuaries in the Seattle-Bellevue-Tacoma area earned a median wage of $75,090 in 2008.

The job: Actuaries use statistics, finance and business knowledge to assess the probability and likely cost to a company for events such as death, sickness, injury, disability or loss of property. They help design insurance policies, pension plans and other financial strategies. Most work in the insurance industry in an office environment.

Training/licensing: A bachelor’s degree with an emphasis on math or economics prepares actuaries for a series of exams to gain professional status.

Source: U.S. Bureau of Labor Statistics

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