This time the question was what does an actuary do? Relatedly, what is the median salary of an actuary? Being an actuary is one of the professions you can take up with a degree in Mathematics. To quote from our source, “Actuaries use statistical formulas and techniques to calculate the probability of events such as death, disability, sickness, unemployment, retirement, and property loss. Actuaries develop formulas to predict how much money an insurance company will pay in claims, which determines the overall cost of insuring a group, business, or individual.” The median salary for actuaries is $102,880.
The question, and answer, were found on Ferguson’s Career Guidance Center. This is an electronic resource for lifelong career exploration and planning. It offers resources for career goals, education planning, workplace skills, finding apprenticeships and internships, conducting job searches, and much more. The resource can be found on LAPL’s Research & Homework page under F and you can access it with your library card.
