How many years does it take to become an actuary?

It can take over a decade to become an actuary fellow, but the exact timeline depends on one’s preparation habits. While continuing to balance work and life, one may expect to take an examination every few months to achieve associate and then fellow status.

Do actuaries make a lot of money?

Yes, actuaries tend to make six figures just a few years after obtaining their undergraduate degree. Those who get on a pathway to becoming an actuarial fellow should expect to experience high-paying salaries for most of their life. And if a management position is in your future, pay can be especially high.

Is becoming an actuary hard?

Yes, becoming an actuary is not easy. It takes many years of studying for about 10 competitive examinations to become a full-fledged actuary. However, many top companies that hire actuaries have built-in support for individuals, like time off to study as well as promotions for exam passage.

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HOW TO BECOME AN ACTUARY: 4 STEPS TO EARN SIX FIGURES

How to become an actuary: 4 steps to earn six figures