Personal Statement: A Career As An Actuary

I enjoy playing with numbers and that is why I choose accounting as my career

But we also lack the financial know-how to manage our money successfully”. She went on to say, “With a career as a financial specialist, you could help clients accomplish their lifetime goals. “To be able to express to the people that they can do the things they want to do—or send their child to college or purchase a house or retire early—is actual gratifying (Bureau of Labor Statistics 2014-15).” Financial Specialists are precious to the company. Although their daily tasks vary by occupation, their goals can be similar. For example, helping businesses make sound financial decisions is often a vital part of their work. Most of these workers need meticulous acquaintance of the rulebooks and protocols that apply to their jobs, such as accounting principles, tax codes, and financial regulations (Bureau of Labor Statistics 2014-15).” Next, according to the Bureau of Labor Statistics, employment of Financial Analysts are “projected to grow 16 percent from 2012 to 2022, faster than the average for all occupations (Bureau of Labor Statistics 2014-15).” A Finance Analyst added significant value

Describe at least two (2) career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants.

On May 27, 2011, I sat in the crowd of thousands of people waiting to see the cheer from the football field. No, this wasn’t a professional football game, or even a college game. This was the graduation and commissioning of 1000 men and women from the United States Naval Academy. As the covers of all the former midshipmen went into the air, and the crowd went wild, I stood in awe, speechless. Even as an 11 year old boy, I knew that I wanted to be that young man standing on the ten yard line, in an immaculate white uniform, jumping up and down and hugging his buddy next to him. As I read stories and biographies of men like Marcus Luttrell and Chris Kyle, some of the most courageous men in the world, I realized my calling in life. I was to be an officer in the United States Navy.

Moreover, both actuaries and physical therapists are high demand jobs. According to Bureau of Labor Statistics, Occupational Outlook Handbook (2010), demand for actuary in United States will see a projected growth rate of 27% through 2020. The education process and examination procedure for becoming fully qualified actuaries can be very demanding, causing this profession to remain very small in the world. As a result, actuaries are in high demand, and they are highly paid for the services they provide. The reason for actuaries to be high in demand is because the students that were studying actuarial science in college tend to change majors into an easier course because they find it hard to cope with the tremendous pressure. For them, it was very stressful to take a series of professional papers where the probability to pass those exams were extremely low. There are a number of my friends which started off their first year of college studying actuarial science, changed into some easier course later on, such as Business Administration. The journey of becoming physical therapists is also not easy. All physical therapists must receive a graduate degree before taking the National Physical Therapy Examination that allows them to practice. According to the Bureau of Labor Statistics, Occupational Outlook Handbook (2010), demand for physical therapists in United States will see a projected

Actuaries have many duties they analyze and measure uncertainty and both cost of risk. They heavily use statistics, financial theory, and mathematics to determine the risk that an event will happen and or occur; as a result, testing , designing , and testing is a included. In addition, they give a hand in clients and businesses developed policies which minimizes the cost of a risk. Actuarial work with insurance industries and are indeed essential.

Ever since I was a young child, I always had a fond interest with numbers and mathematics. Over time, this interest developed into a passion. Mathematics and statistics spark my curiosity, and are enthralling; I have taken every possible mathematics class that my high school has offered. Finding solutions to an equation, solving problems in new ways, and comparing the methodology with my peers, fascinates and captivates me simultaneously. The feeling and excitement that results from this, is simply a little bit of Heaven on Earth. I aspire to utilize my love for mathematics and statistics to become an actuary. Haverford’s academic excellence, well-rounded liberal arts education, and opportunities, will propel me into a successful future with

In Casey Hayes speech about why to consider accounting as a major I found to be intriguing because in every business they will always need an accountant to record their financial statements. Although Hayes mentions how accounting is more than just numbers but rather you learn a range of skill for instance, communicative, analytical, and writing. However, some believe that accounting just has to do with numbers but an importance of critical thinking

I comprehend that my choice to be an Administrative Assistant is not a high paying job. Even though it is not a high paying career it is one that is high demand at the moment. I wily5l receive $32,410 for secretaries but if I become an executive administrative assistants I will gain $47,500 for a year. Administrative assistants are employed in nearly every industry, the majority work in schools, hospitals, governments, and legal and medical offices. Yes that the reason I choose to work in a college so I will always have a career. On the website it says that you can be Secretary or Administrative Assistant with a high school diploma however most jobs posted now require an associate degree or bachelor degree. With all jobs the companies are

Although Tepper School of Business does not have a specific major in actuarial science, it can still assist me in preparing for a career as an actuary. To become an actuary, one does not necessarily have to major in actuarial science, but can major in a business and mathematics concentration. At Carnegie Mellon, there are many options that can introduce me to courses related to actuarial science. This includes pursuing a major in business administration in Tepper School of Business, or a major in either economics or statistics in the Dietrich College of Humanities and Social Sciences. For this reason I applied to both schools, which would both help me work towards becoming an

All of these classes are math related, but more importantly are Actuarial Science specific. He does not have a favorite class because all of them involve teaching students about actuarial science and preparing them for exams. One thing he is proud about at the University is that they are able to prepare students for up to five possible exams which is typically more than other universities. He noted that before his time as an actuary, there were 23 exams required to become a fellow which is substantially more than the eight he had to take. The demand for actuaries is increasing, but he mentioned that it is much more competitive now than when he worked in the field. His biggest piece of advice was to get many exams done, but also be sure to be well rounded with other qualities. A few skills he mentioned were leadership, programing, communication, and to know how to use programs like Microsoft Excel

When societies develop governing states of significance they will be inclined to develop mathematics for accounting. If a government is going to provide services to a significant number of people, govern multiple, engage in significant projects, and produce a military to guard its interest, then it almost always is going to need to tax, extract tribute, or find some means of accumulating resources from the populace. If it is going to do this efficiently, it will need accounting to keep track of things. Likewise any significant institution, making use of significant complex resources would need to make use of it. That is why the early fosterers of math were often state bureaucracies, religious priesthoods, and merchant associations. Mathematics and accounting will make a

Ever since I was a child, I have harbored a wholehearted passion for mathematics. Whether it was multiplying two digit numbers in elementary school or using my knowledge of trigonometry and complex numbers to find the area of a figure on the imaginary plane in twelfth grade, the challenges posed by numerical problems acted as a source of adrenaline at every stage of my life. Before long, I had discovered the field of actuarial science and found myself becoming absolutely entranced by every aspect of the profession. With a few months of careful consideration and consultation, I was determined to pursue a career as an actuary.

Students will begin spend the first two years studying mathematics along with introductory economics classing. Once a student reaches their junior year they will begin to take classes more specific towards actuarial work which include statistics, economics, and finances. Theoretical and analytical mathematics are studied during one’s senior year, as actuaries are required to interpret data more than they are required to do raw calculations (Joyce). Classes involving computer literacy must also be considered while studying as our 21st century world revolves more and more around the use of technology.

Over the years I have heard stories from my relatives about how much I would like painting my aunts’ nails, wearing my mother’s heels, and debating everyday on what I wanted to wear for school. Matching my clothes, having my nails painted, and having my hair nicely done everyday, were a must for me as a child. Along with always trying to enhance my composition, I have had a love for shopping ever since I remember. Although fashion has always been a focal point in my interests, there has been another prominent factor, which also relates to my career choice just as fashion does. Math is the answer to anybody who asked me what my favorite subject in school was, making it another one of my passions in life. The process