Actuarial mathematician salary

Actuarial Mathematician: Salary, Work, and Requirements

Working as an Actuarial Mathematician is an exciting and sought-after profession within the field of mathematicians and actuaries. Here is an overview of the salary, job duties, and requirements to become a successful Actuarial Mathematician.

Salary

According to the latest statistics, the average salary for Actuarial Mathematicians is 67 200 SEK per month. There has been an increase from the previous year when the average salary was 66 100 SEK. Men earn an average of 67 900 SEK while women earn 65 900 SEK, meaning that women earn 97% of what men do within the profession.

Job Duties

As an Actuarial Mathematician, one of your main tasks is to analyze and assess risks within the insurance industry. You use mathematical models to calculate and predict various scenarios, as well as evaluate and price insurance products. You are also responsible for analyzing and reporting financial data to ensure that the insurance company is financially stable.

Education and Requirements

To get a job as an Actuarial Mathematician, a college education in mathematics, statistics, economics, or a related field is usually required. Many employers also look for experience in the insurance industry and certifications as an actuary. It is important to have good analytical skills, problem-solving abilities, and a strong knowledge of mathematics and statistics.

To be successful as an Actuarial Mathematician, it is also important to have attention to detail and the ability to work independently and in teams. Being able to communicate complex mathematical concepts in an understandable way is also an important skill.

Summary

Working as an Actuarial Mathematician is an exciting and challenging career path for those who love mathematics and analyzing risks. With a competitive salary and the opportunity to contribute to securing the financial stability of insurance companies, this is a profession that attracts many talents in the industry.

If you are interested in becoming an Actuarial Mathematician, it is important to invest in a solid education in relevant areas and to constantly develop your knowledge in mathematics and the insurance industry.