Actuaries

Bright outlookJob zone 4: considerable preparationO*NET 15-2011.00

Pay and outlook shown for

median pay per year, San Antonio-New Braunfels, TX

$78k10th$103kMedian$173k90th

New workers start near $77,870; experienced workers reach $172,580. About 120 people do this job in San Antonio-New Braunfels, TX.

Job outlook

U.S. projection, 2024 to 2034.

Employment change: +22%; nationwide
Openings a year: 2,400; nationwide, from growth and people leaving
Employed in 2024: 33,600; nationwide

Typical entry education: Bachelor's degree · Training: Long-term on-the-job training

Alamo Colleges programs that lead here

4 programs, with the college that teaches each.

Apply to Alamo Colleges

Skills this career uses

The skills O*NET rates most important for the job, with how much of each the work needs on a 1 to 7 scale.

Mathematics5.0
Reading Comprehension4.8
Critical Thinking4.8
Judgment and Decision Making4.6
Complex Problem Solving4.6
Systems Evaluation4.6
Active Listening4.1
Systems Analysis4.6

What the work is

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.

Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
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.
Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
Testify before public agencies on proposed legislation affecting businesses.

Education people in this job have

Share of workers by highest education, from O*NET surveys. It shows what others did, not what you must do.

Bachelor's degree89%
Doctoral or professional11%

Job zone 4, considerable preparation: Usually a bachelor's degree, sometimes a strong associate plus experience.

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