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Career and Education Opportunities for Actuaries in Georgia

Georgia has a population of 9,829,211, which has grown by 20.07% in the last 10 years. Nicknamed the "Peach State," Georgia's capital and biggest city is Atlanta.

Currently, 540 people work as actuaries in Georgia. This is expected to grow by 24% to 670 people by 2016. This is better than the national trend for actuaries, which sees this job pool growing by about 21.4% over the next eight years. Actuaries generally analyze statistical data, such as mortality, accident, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits.

A person working as an actuary can expect to earn about $39 hourly or $81,310 yearly on average in Georgia and about $40 per hour or $84,810 annually on average in the U.S. as a whole. Earnings for actuaries are better than earnings in the general category of Statistics Analysis in Georgia and better than general Statistics Analysis category earnings nationally. Actuaries work in a variety of jobs, including: actuarial consultant, insurance actuary, and actuarial assistant.

In 2008, there were a total of 5,571,666 jobs in Georgia. The average annual income was $34,849 in 2008, up from $34,612 in 2007. The unemployment rate in Georgia was 9.6% in 2009, which has grown by 3.3% since the previous year. About 24.3% of Georgia residents have college degrees, which is higher than the national average.

The top industries in Georgia include motor vehicle vehicle parts merchant wholesalers, automobile motor vehicle merchant wholesalers, and textile product mills. Notable tourist destinations include the Georgia Institute of Technology, the Herndon Home Museum, and the Center for Puppetry Arts.

CITIES WITH Actuary OPPORTUNITIES IN Georgia


JOB DESCRIPTION: Actuary

Actuary video from the State of New Jersey Dept. of Labor and Workforce Development

In general, actuaries analyze statistical data, such as mortality, accident, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. They also may ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.

Every day, actuaries are expected to be able to deal with basic arithmetic problems. They need to articulate ideas and problems. It is also important that they read and understand documents and reports.

Similar jobs with educational opportunities in Georgia include:

  • Operations Research Analyst. Formulate and apply mathematical modeling and other optimizing methods using a computer to develop and interpret information that assists management with decision making, policy formulation, or other managerial functions. May develop related software, service, or products. Frequently concentrates on collecting and analyzing data and developing decision support software. May develop and supply optimal time, cost, or logistics networks for program evaluation, review, or implementation.

LOCATION INFORMATION: Georgia

Georgia
Georgia photo by Autiger

Georgia has a population of 9,829,211, which has grown by 20.07% over the past decade. Nicknamed the "Peach State," Georgia's capital and largest city is Atlanta. In 2008, there were a total of 5,571,666 jobs in Georgia. The average annual income was $34,849 in 2008, up from $34,612 the preceding year. The unemployment rate in Georgia was 9.6% in 2009, which has grown by 3.3% since the previous year. Roughly 24.3% of Georgia residents have college degrees, which is higher than the national average.

The top industries in Georgia include motor vehicle vehicle parts merchant wholesalers, automobile motor vehicle merchant wholesalers, and textile product mills. Notable tourist destinations include the Georgia Institute of Technology, the Fernbank Museum of Natural History, and the Herndon Home Museum.