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Career and Education Opportunities for Actuaries in Iowa

Iowa has a population of 3,007,856, which has grown by 2.79% over the past decade. Nicknamed the "Hawkeye State," Iowa's capital and most populous city is Des Moines.

There are currently 520 jobs for actuaries in Iowa and this is projected to grow 23% to 640 jobs 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.

Actuaries earn about $40 hourly or $84,650 per year on average in Iowa and about $40 per hour or $84,810 annually on average nationally. Incomes for actuaries are better than in the overall category of Statistics Analysis in Iowa, and better than the overall Statistics Analysis category nationally. People working as actuaries can fill a number of jobs, such as: pricing analyst, actuarial analyst, and health actuary.

In 2008, there were a total of 2,025,350 jobs in Iowa. The average annual income was $37,509 in 2008, up from $35,755 the preceding year. The unemployment rate in Iowa was 6.0% in 2009, which has grown by 1.6% since the previous year. Approximately 21.2% of Iowa residents have college degrees, which is lower than the national average.

The top industries in Iowa include machinery manufacturing, agriculture, construction, and mining machinery manufacturing, and grain milling. Notable tourist attractions include the Salisbury House Foundation, the Italian, and the Edmundson Art Foundation Inc.

CITIES WITH Actuary OPPORTUNITIES IN Iowa


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 Iowa 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: Iowa

Iowa
Iowa photo by Bill Whittaker

Iowa has a population of 3,007,856, which has grown by 2.79% over the past decade. Nicknamed the "Hawkeye State," Iowa's capital and largest city is Des Moines. In 2008, there were a total of 2,025,350 jobs in Iowa. The average annual income was $37,509 in 2008, up from $35,755 in 2007. The unemployment rate in Iowa was 6.0% in 2009, which has grown by 1.6% since the previous year. Roughly 21.2% of Iowa residents have college degrees, which is lower than the national average.

The top industries in Iowa include machinery manufacturing, agriculture, construction, and mining machinery manufacturing, and grain milling. Notable tourist attractions include the Science Center of Iowa, the Italian, and the Hubbell Historical Center.