Become an actuary with a degree from a Christian university

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Become an actuary with a degree from a Christian university

The prolonged economic uncertainty facing the U.S. and many other countries has necessitated that companies predict financial risk more effectively than ever before. In order to navigate the increasingly volatile global marketplace, many organizations employ the skills of actuaries to help them make sound investment decisions.

Actuaries identify and predict financial risks by analyzing large volumes of data. This risk can apply to many financial investments, such as overseas expansion, internal revenues, credit derivatives and other consumer banking products. These professionals can limit an organization’s exposure to negative, or “toxic,” assets, shield companies from costly litigation and reduce overall expenditures to maximize profit margins.

Aspiring actuaries can begin their careers by earning a bachelor’s degree in business, statistics or finance from Christian colleges and universities. After completing their studies, individuals seeking to enter this line of work may find that their prospects are right. According to data from the U.S. Bureau of Labor Statistics, demand for actuaries is expected to increase by 27 percent through 2020, much faster than the national average for all occupations.

Additionally, PayScale reports that actuaries can earn between $49,098 and $160,564 per year, making actuary a potentially lucrative career for graduates of Christian colleges.

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