“Part super-hero. Part fortune-teller. Part trusted advisor (“Be an Actuary.”).” An actuary is all this, they are crucial apart of the world of business. Actuaries work in both the public and private sectors of business. They are manly in the administrative part of the work place. They are in every large corporation and in even some of the smaller companies. Actuaries are most often in insurance companies and large corporations; though they are even in so financial planning businesses (“Be an Actuary.”). They are also the people that run financial calculations for both individuals and businesses (Hezzelwood). With being such an important part of business actuarial science is a very good field to go into. Forbes has ranked actuarial science as the best job in 2013 (Smith). Actuarial science is constantly ranked one of the top jobs to have in America (“Be an Actuary.”). There are many things that factor into making actuarial science the best job in America.
Actuaries are the fortune-tellers of the business world (“Be an Actuary.”). Their main duty is to analyze the risk and uncertainty of a situation (“Summary”). They then look at the long term effects of possible solutions to see which one has the least amount of loss (“Be an Actuary.”). With the information that they gather about a certain situation they then advise the business how to act in order to get the best outcome and allow it to grow (“Summary”). Actuaries will also do this for individuals for investments, retirement, or financial planning. They use many different types of theorems to get their information; such as the game theory and other theories form statistics or calculus (Ravi). With always dealing with the risk of particular situations and their possible outcomes ...
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...3.1 (2003): 51. Business Source Premier. Web. 25 Oct. 2013.
Rappaport, Anna M. "Retirement Risks And Solutions In The Middle Market." Journal Of Financial Service Professionals 66.1 (2012): 45-55. Business Source Premier. Web. 25 Oct. 2013.
Ravi, Sreenivasan. "Statistical And Probabilistic Methods In Actuarial Science." Journal Of The Royal Statistical Society: Series A (Statistics In Society) 172.2 (2009): 530. Business Source Premier. Web. 25 Oct. 2013.
Smith, J. (2013, april 23). The Best and Worst Jobs for 2013. Retrieved october 23, 2013, from Forbes: http://www.forbes.com/sites/jacquelynsmith/2013/04/23/the-best-and-worst-jobs-for-2013/2/
“Summary” Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition, Actuaries, 5 Apr. 2012. Web. 15 Nov. 2013.Handbook, 2012-13 Edition, Actuaries, 5 Apr. 2012. Web. 15 Nov. 2013.
"Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, n.d. Web. 09 May 2014.
Fortune 100 Best Companies To Work For. (2014, February 3). Fortune 100 Best Companies to Work For . Retrieved April 18, 2014, from http://money.cnn.com/magazines/fortune/best-companies/2014/snapshots/75.html?iid=BC14_lp_arrow1
"Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, n.d. Web. 19 Mar. 2014.
"Home : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, 8 Jan. 2014. Web. 20 Feb. 2014.
Denning, S. (2011, Sept. 12). The ten happiest jobs. Retrieved April 18, 2014 from http://www.forbes.com/sites/stevedenning/2011/09/12/the-ten-happiest-jobs/
"Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, 8 Jan. 2014. Web. 11 Mar. 2014.
"Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, n.d. Web. 20 May 2014.
During part three of the CRP, it was required of us to create a MyPlan account and to take several assessments to get an idea of our personality, skills and interests. As a result, MyPlan would provide suggested career paths to choose from starting with the most relevant. When I looked at my career paths that MyPlan suggested, it was no surprise to me to find that accounting was at the top of the list with the second option being an actuary. Some of the personality traits required to be an effective accountant include having a logical and analytical mind, being attentive to detail, and high moral and work ethics. These are traits that I possess and have been able to strengthen over time.
Occupational outlook handbook 2010-2011 Ed. Bureau of Labor Statistics, US Department of Labor. 21 September 2011 Web
My God there are so many careers out there, who in the world can pick just one. That’s what’s been weighing on my mind heavily is what career is right for me. I’ve thought of a couple that interest me but I want to find out everything there is to know about a financial advisor. The reason that I’m interested in this field is how everything is the same when it comes to the actually math behind the career. Also I like to deal with people and money so a job as a financial advisor just seems right for me but I intend to find out as much as I can to make sure there’s nothing surprising or any kinks in what sounds like the perfect job for me.
J. David Cummins, A. S. (1999). Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management: Efficiency, Technology, and Risk Management. Springer.
An accountant makes sure that the Nation’s firms are run efficiently, the public records are kept accurately, and that taxes are paid properly and on time (“Accountants and Auditors”). Accounting is the study of how a business tracks their income, assets, expenses, and many other things for a period of time. They also do many other things like quality management, tax strategy, and health care benefits management (“Welcome to Careers in Accounting”). An accountant is crucial to the success of a business, without one the business tends to fail.
"Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, n.d. Web. 03 Feb. 2014.
"Summary." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, n.d. Web. 09 Apr. 2014. . (5)
Accounting is a vital element of business. It records the way a business has grown and, after analyzing figures, suggests the way it should go in the future. Furtunes are gambled on the advice of accountants.