📈Business & Finance🌍 International
Actuary
Calculates financial risk using mathematics
Uses mathematics and statistics to assess risk — for example, how much an insurance policy or pension plan should cost.
What they do
- ▹Builds mathematical models of financial and insurance risk
- ▹Calculates the price of insurance policies and pension plans
- ▹Assesses the probability of large payouts and losses
- ▹Prepares reports for insurance and financial companies and regulators
Skills you need
- ▹Deep knowledge of mathematics, statistics and probability theory
- ▹English
- ▹Analytical thinking
- ▹Precision and patience in calculations
- ▹Willingness to sit multi-year international professional exams
Focus on these subjects at school
MathematicsA foreign language
Where they work
- ▹International insurance companies
- ▹Pension and social insurance funds
- ▹Actuarial consulting firms
- ▹Risk management departments at large banks
Pros
- + One of the highest-paid professions in the world
- + In demand at insurance and financial companies worldwide
Challenges
- − Requires several years of demanding international professional exams
- − A niche specialization in the region — almost no local job openings
This is an international profession: the NTC intake plan has no dedicated program for it — it's in demand worldwide, often remotely. Browse the program catalog for related fields if you'd like to start by studying in Tajikistan.