Mathematics majors include knowledge in different fields of mathematics in the required courses of actuaries. Research in the field of mathematics is helpful to actuarial science, but at the same time they also have clear logical thinking and a certain understanding of economy and finance.
What skills and abilities does the actuarial industry need? I believe many people have heard of the profession of actuary. For a long time, the position of actuary has been deified, which is a dream job for many people. So what skills do you need to enter the actuarial industry? In addition to professional mathematics knowledge such as calculus, statistics and probability, you also need to have the following abilities.
For example, it is very important to have keen analytical skills, strong project management and problem-solving skills, and good business sense in finance, accounting and economy. Must also have solid oral and written communication skills, and have strong computer skills, and so on.
It's really hard to imagine how difficult it is to apply for an actuarial certificate. No matter what actuary you are engaged in, you must take the SOA certificate (the certificate of actuaries in North America). The Chinese Actuary Certificate (CAA) is not well recognized in the market, and the examination refers to the North American system. A lot of literature is like a pile of papers, and Zhongjing's research has been suspended for many reasons.
The recognition of SOA certificate is very high, but many people are puzzled because they are all in English. But as long as English is in CET-4 and CET-6, there is no problem. The pass rate of actuarial certificate is only 0.5%, and the preparation period is very long, about 5-8 years. The threshold for registration is bachelor degree or above, especially the SOA certificate exam is as high as 1 1, which can be said to be the top certificate in the insurance industry, so the number of people who pass the exam is not high.
Are actuaries paid well? The answer is really unexpected. Actuaries always give people a mysterious feeling. However, with the development of economy, people have more and more knowledge, and actuaries are no longer strangers. This is a new profession with high salary, but it is difficult to get a qualification certificate. It is even called "the golden collar in the golden collar". The reason why domestic actuaries are still "inscrutable" is that the income data of domestic actuaries are opaque, while the income of foreign actuaries is open and transparent, and there is no secret at all.
The annual salary of actuaries in China is about 400,000, and the United States has obtained the qualification of actuaries in North America. After ten to fifteen years of work, the annual salary is one million RMB. The monthly salary of senior actuaries in Hong Kong is between HK$ 60,000 and HK$ 90,000, and the basic salary of senior actuaries in actuarial departments is around HK$10-130,000. With funds, the annual salary can reach more than one million Hong Kong dollars. It can be seen that the income of actuaries in Chinese mainland is still very small compared with the salaries of actuaries in other countries, but compared with other industries, it is a high-paying position.
There are not many actuaries in China, because people in China have a weak awareness of property preservation. Why are there fewer actuaries in China? Because China people's insurance knowledge is relatively weak, people do not have this awareness of property preservation. However, with the improvement of the national level, the people are moving towards a well-off level, and the state will pay more and more attention to talents in the insurance and actuary industries. There are more and more actuarial colleges in China, and more and more companies need actuarial talents. With the accumulation and promotion of work experience, qualification certification and salary level will also improve.
Actuarial industry has been paid more and more attention by the country and people. Although the products of talents are still more than half, with the development of economy and the improvement of people's property awareness, the actuary industry will be promoted rapidly in the future. Therefore, if you want to engage in the actuarial industry, you must make rules as soon as possible and make unremitting efforts, otherwise more and more people will prepare for the exam and it will be too late to get the certificate.