Akash Tripathy

What roles do actuaries play in finance? is it possible for them to become Investment Bankers or Securities analysts?And are only 3 specialisation subjects allowed?

Specific answers regarding career as an actuary

by Akash Tripathy
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RE: What roles do actuaries play in finance? is it possible for them to become Investment Bankers or Securities analysts?And are only 3 specialisation subjects allowed?

Preeti Taneja
Preeti Taneja
Verified Career Expert
Head Guidance & Counselling at Project Wisdom, CSR initiative of Canam Consultants Limited, Chandigarh
  • Chandigarh

Dear Student,




The actuary designs insurance and pension plans, determines insurance premium rates and contract provisions for each type of policy offered, compiles data related to rates of mortality, sickness, injury, retirement and property loss from theft, accident, fire or any other hazard. She/he analysis claims ( insurance) from corporation or com[any. S/he also creates new attractive policies to further the organization's business. To sum up the main work areas of actuaries in the area of finance are:-


Life, General, Health Insurance & Reinsurance Companies- ( Work involves designing and pricing the policy)


Pension Funds ( Work involves designing a scheme of benefits to members of the pension scheme)


Investments ( Work involves working on the investment pattern, quantifying the risk, projecting the market expected investment returns)


Consultants ( Work involves giving investment advice to customers)


Risk Management ( Work involves population projection, managing state pension schemes etc)




This profession offers rewards in terms of high earnings, intellectual challenge, status and job satisfaction . In a fast changing world, with new risks and the need for more creative ways to tackle these, there is an immense opportunity for professional growth in an actuarial career.

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