08-04-2024
Maths is a frequently chosen subject at degree level and is popular with students in younger years as well.
It’s stereotypically known for being a subject traditionally challenging, but with hard work, it’s a realistic subject if you want it to be. Many people don’t really know what careers there are associated with this degree, and while it is certainly not impossible to branch out into sectors unrelated to your degree, maths has several lucrative career paths if you choose to do it at university.
Some of these jobs could be in research, software engineering or statistics. Mostly, however, mathematicians are popular candidates for employers as they gain highly sought-after skills that make them well suited to almost any problem-solving job. This makes it well worth considering and learning more about maths at the degree level. This article will be focused on actuaries, their earning potential, and the recommended employers to help you get there after your degree.
ACTUARY - IS IT FOR ME?
An actuary is someone who works to gather and analyse data, explore risks financially and offer advice or guidance to others. Essentially, your role will be to look at the financial data and risks, in order to convey these to those who are not specialists in the subject. They are experts in the field of business and finance and use theories related to statistics to evaluate risks after different occurrences.
As an actuary, you’ll need to have excellent mathematical skills, as well as real-life awareness to be able to be successful. You’ll be translating topics into easy-to-understand information for the public, which means that you need to have exemplary communication skills and time management.
There are different areas you can choose to work in if you decide that you want to be an actuary, such as banking, investment, and finance. Despite the range of areas, you could work in, the common responsibilities you’ll have will mostly remain the same. These include preparing presentations monitoring costs, working with other professionals, using statistical models, and writing reports.
ULTIMATE EARNING POTENTIAL FOR INTERNATIONAL STUDENTS IN THE US
Position in Career | Associated Salary (US) |
Entry Level To start out on your career path as an actuary, you’ll need to complete a bachelor’s degree that incorporates numerical skill development. For example, maths, economics, business, or finance are all good options when aiming to be an actuary. | $59,000 |
Qualified After you are a qualified actuary and able to work as one, you’ll need to start gaining substantial experience to allow you the best possible start on this career path. | $99,000 |
Senior An actuary may be considered for senior positions and roles if they have over a decade of experience, and usually have a postgraduate or masters in addition. They have the responsibility of guiding younger colleagues and making major decisions in the company. | $149,000 |
TOP 10 EMPLOYERS
In conclusion, as a maths graduate your options are never going to be limited – whatever path you decide to pursue, and you now know that there are multiple ways of finding a job. Whether you want to teach maths in another country or work in a global organisation abroad, international graduates and regular ones have many opportunities ahead of them. Most employers in this sector accept employees from all areas, so don’t allow your degree to restrict your view for the future. With a little perseverance, you’ll no doubt reach your goal and dream career as a new graduate.
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