Weigh­ing risks

THE LOW­DOWN

Hindustan Times (Delhi) - HT Education - - Front Page -

Ac­tu­ar­ies ap­ply fi­nan­cial and sta­tis­ti­cal the­o­ries to solve real busi­ness prob­lems. These busi­ness prob­lems typ­i­cally in­volve analysing fu­ture fi­nan­cial events, es­pe­cially when amount of fu­ture pay­ment, or the tim­ing of when it is paid, is un­cer­tain. A lot of ac­tu­ar­ies’ work might be thought of as ‘risk man­age­ment ‘, as­sess­ing how likely an event may be and the costs as­so­ci­ated with it. But what dif­fer­en­ti­ates ac­tu­ar­ies is their core math­e­mat­i­cal, eco­nomic and sta­tis­ti­cal un­der­stand­ing CLOCK­WORK Reach of­fice, check mails

An­a­lyse risks re­lated to in­sur­ance – pric­ing, re­serv­ing, in­vest­ment, etc 3pm: Quick lunch 3.15pm: Meet­ings, study re­ports 6.30pm: Leave for home

THE PAY­OFF At en­try level, in­come could be R3 lakh to R6 lakh per an­num. Af­ter clear­ing around 12 pa­pers and five years ex­pe­ri­ence, an ac­tu­ary can earn R12 lakh to R18 lakh a year. Af­ter be­com­ing a fel­low of In­si­tute of Ac­tu­ar­ies of In­dia (IAI) one can earn any­thing from R25 lakh to R30 lakh a year SKILLS/TRAITS A good head for math­e­mat­ics Good an­a­lyt­i­cal skills and abil­ity

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