Actuaries work on the East Coast, the Midwest, Texas or California. The reason for this is that most insurance companies and other large employers are located in these states. Therefore, most consulting firms set up offices close to their clients or potential clients. According to the Salary Expert website, actuaries in Switzerland receive the highest salaries.
Newly hired staff start their career with an income of 95,000 USD. After a few years of experience, his salary exceeds 137,000 USD, reaching 170,000 USD after more than 20 years of professional experience. This will prepare students to obtain their actuary certification from the Society of Actuaries (SOA), which is very important for actuaries. Under the Faculty of Science and Technology (FAST), the UPH Actuarial Studies and Applied Mathematics Program equips its students comprehensively through its curriculum that offers a series of specific courses.
In addition to theories and concepts, UPH Actuary students are also encouraged to practice their knowledge in class and to increase their experience in the professional world from the start through the Cooperative (Cooperative) Education program, a complementary curriculum program. One of the most important subjects that an actuary must master is actuarial science and there is currently only one university in Indonesia with this program, the Universitas Pelita Harapan (UPH). Through the Actuaries and Applied Mathematics Program, UPH is ready to prepare excellent actuaries to meet the needs of current and future industries. The states and areas with the highest published employment, location quotients, and actuary salaries are provided.
In addition, according to the Society of Actuaries dan Casualty Actuarial Society, as a promising profession, an actuary has three important functions in a company, including (evaluating the various possibilities of it occurring at an event), (building a creative strategy to reduce the risk of unexpected events and (reduce) any impact that may arise from unexpected events.