How to become an actuary ?

The role of an actuary is to solve the problem in the fields like banking, healthcare, insurance, pensions, and other non-financial areas. Actuary means the person who is a strategic thinker having a deep understanding of the financial systems. They are experts in risk management. 

They should possess’ mathematical skills to measure the probability and risks of future events, which can help predict the financial impact on the business and the client. It can take between 7 and 10 years to become a fully qualified actuary.

The professionals in the field in the US and Canada spend from 3 to 5 years to get a bachelor’s degree, and it can take about 7 to 8 years after passing all the exams. 

They may have different academic backgrounds but should have a common interest in math and should be able to communicate and evaluate the financial risks to predict the future. 

The institute of actuaries of each country represents the professional body responsible for educating, developing and regulating actuaries.