Use statistics to make predictions about the outcome of anything that an insurance company may want to insure. Use math to figure out the probability of an unexpected accident. Calculate the cost to deal with the fallout of that accident. Your goal is to keep insurance companies financially viable. Increasingly, as technology advances, deal with exciting areas of math and computer science such as AI and predictive modeling.

Make a Difference

A Typical Day

  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Design, review, and help administer insurance, and pension plans, determining financial calculating costs.
  • Help determine company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
  • Provide advice to clients on a contract basis, working as a consultant.
  • Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.

Recommended Credentials

Bachelor's Degree

Education & Training

Regional employers often hire graduates of these programs.


Northwest Lower Michigan


Associate in Applied Science (AAS) Degree in Math
Northwestern Michigan College

Elsewhere in Michigan


Bachelor of Science in Mathematics.
Ferris State University
Central Michigan University

NMC has a Transfer Agreement with Lake Superior State University.

Explore This Career

Try it before you buy it!

Ask your family about getting involved in finances. Make predictions about the types of expenses your family will need in the future, and keep track of how they turn out.

The Local Advantage Learning Pathway

Pathway 1

Look into any advanced math classes available at your high school, if available, AP Calculus and AP Statistics may be good places to start.

You can also take some classes at Northwest Education Services' Career Tech Center. The Business program they have available may be of particular help.

Pathway 2

Start your post-secondary education at a community college or university.

Work toward an Associate in Applied Science and/or a Bachelor of Science in Mathematics.

Pathway 3

Take classes to become certified as an actuary. You can start while you are still in school!

Oakland University, Actuarial Science (Bachelor of Science)

University of Michigan - Flint, Actuarial Mathematics Program (Bachelor of Science)


Sample Job Titles...

Actuarial Analyst, Actuarial Consultant


Hear It From The Pros

10-Year Job Growth Projections

10-County Region

Employed Regionally

In 2021 (Michigan)

Wage Range & Median Michigan


Annual Hires Regionally

In 2021

Other Regional Career Resources

Find more about Actuaries at O*NET Online.

Real World Career Pathways

It doesn't have to be a straight shot! Hear from people who have taken unique pathways.