Occupations/15-2011.00
Actuaries
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
Usually a four-year bachelor’s degree.
AI automation risk
83%
Higher automation risk
Human characteristics
19%
Fewer uniquely human demands
Task orientation
52%
Mixed exposure
A day in this job
- Mostly human
Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
- Mostly routine
Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
- Task
Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
Split from the wording of these tasks, shown next to the occupation’s AI risk. It is not a separate score for each task, and it is not a forecast that the job disappears.
Core tasks
- 01Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
- 02Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
- 03Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
- 04Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
- 05Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
- 06Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
Model drivers (O*NET 1–5)
- Repeating same tasks3.22
- Degree of automation2.26
- Time sitting4.93
- Originality (ability)2.88
- Conflict situations2.21
- Hands-on objects/tools1.79
- Outdoors / weather1.00
- Disease exposure1.00
- Decision freedom3.86
Top abilities
- Mathematical Reasoning4.62
- Number Facility4.12
- Inductive Reasoning4.12
- Written Expression4.00
- Written Comprehension4.00
- Oral Expression4.00
- Oral Comprehension4.00
- Deductive Reasoning4.00
Essential skills
- Reading Comprehension4.25
- Active Listening4.00
- Writing3.50
- Speaking3.88
- Mathematics4.25
- Science2.00
- Critical Thinking4.25
- Active Learning3.25
- Learning Strategies2.88
- Monitoring3.12
CIP matches
Schools offering related programs
12 of 89 shown
Earnings are College Scorecard medians for that program, 1 and 2 years after completion. A dash means the Department suppressed the cell or the campus is not in the field file.
| Institution | Program | Tuition | Admit | Grad 6-yr | Earnings |
|---|---|---|---|---|---|
New York University New York, NY · Private nonprofit | Applied Mathematics, General 27.0301 | $60,400 | 12% | 88% | 1 yr $122,038 2 yr $98,743 Master's · CIP 27.03 |
Massachusetts Institute of Technology Cambridge, MA · Private nonprofit | Applied Mathematics, General 27.0301 | $60,100 | 4% | 96% | 1 yr $104,749 2 yr $90,856 Bachelor's · CIP 27.03 |
Stanford University Stanford, CA · Private nonprofit | Applied Mathematics, General 27.0301 | $62,400 | 4% | 96% | 1 yr — 2 yr $97,071 Bachelor's · CIP 27.03 |
Boston University Boston, MA · Private nonprofit | Applied Mathematics, General 27.0301 | $65,200 | 14% | 89% | 1 yr — 2 yr $97,071 Master's · CIP 27.03 |
Georgetown University Washington, DC · Private nonprofit | Statistics, General 27.0501 | $65,400 | 12% | 95% | 1 yr $94,408 2 yr $90,856 Master's · CIP 27.05 |
Columbia University in the City of New York New York, NY · Private nonprofit | Applied Mathematics, General 27.0301 | $68,200 | 4% | 96% | 1 yr $91,744 2 yr $84,653 Bachelor's · CIP 27.03 |
University of California-Los Angeles Los Angeles, CA · Public | Applied Mathematics, General 27.0301 | $13,800 | 9% | 92% | 1 yr $79,284 2 yr $65,387 Bachelor's · CIP 27.03 |
University of Washington-Seattle Campus Seattle, WA · Public | Applied Mathematics, General 27.0301 | $12,600 | 48% | 84% | 1 yr $76,460 2 yr $68,778 Bachelor's · CIP 27.03 |
Georgia Institute of Technology-Main Campus Atlanta, GA · Public | Applied Mathematics, General 27.0301 | $11,800 | 17% | 91% | 1 yr $74,576 2 yr $47,260 Bachelor's · CIP 27.03 |
University of North Carolina at Chapel Hill Chapel Hill, NC · Public | Applied Mathematics, General 27.0301 | $9,000 | 17% | 91% | 1 yr $68,666 2 yr $67,660 Bachelor's · CIP 27.03 |
Lincoln College of Technology-Indianapolis Indianapolis, IN · Private for-profit | Applied Mathematics, General 27.0301 | $18,600 | 100% | 64% | 1 yr $68,499 2 yr $69,338 Bachelor's · CIP 27.03 |
City Colleges of Chicago-Wilbur Wright College Chicago, IL · Public | Applied Mathematics, General 27.0301 | $4,600 | 100% | 27% | 1 yr $67,660 2 yr — Bachelor's · CIP 27.03 |