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Career and Education Opportunities for Actuaries in Missouri

Missouri has a population of 5,987,580, which has grown by 7.01% over the past 10 years. Nicknamed the "Show Me State," its capital is Jefferson City, though its biggest city is Kansas City.

There are currently 330 working actuaries in Missouri; this should grow by 11% to 370 working actuaries in the state by 2016. This is not quite as good as the nation as a whole, where employment opportunities for actuaries are expected to grow by about 21.4%. 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.

The average wage in the general category of Statistics Analysis jobs is $31 per hour or $65,502 per year in Missouri, and an average of $36 per hour or $74,836 per year nationwide. Jobs in this field include: pricing actuary, consulting actuary, and actuarial analyst.

In 2008, there were a total of 3,672,794 jobs in Missouri. The average annual income was $36,356 in 2008, up from $35,120 the previous year. The unemployment rate in Missouri was 9.3% in 2009, which has grown by 3.2% since the previous year. Approximately 21.6% of Missouri residents have college degrees, which is lower than the national average.

The top industries in Missouri include stationery supplies merchant wholesalers, specialized freight trucking, and electrical apparatus, wiring supplies, and related equipment merchant wholesalers. Notable tourist destinations include the City of Kcmo, the Kansas City Missouri City, and the Crown Center Complex.

CITIES WITH Actuary OPPORTUNITIES IN Missouri


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 Missouri 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: Missouri

Missouri
Missouri photo by Andrew Selman

Missouri has a population of 5,987,580, which has grown by 7.01% over the past decade. Nicknamed the "Show Me State," its capital is Jefferson City, though its largest city is Kansas City. In 2008, there were a total of 3,672,794 jobs in Missouri. The average annual income was $36,356 in 2008, up from $35,120 the preceding year. The unemployment rate in Missouri was 9.3% in 2009, which has grown by 3.2% since the previous year. Roughly 21.6% of Missouri residents have college degrees, which is lower than the national average.

The top industries in Missouri include stationery supplies merchant wholesalers, specialized freight trucking, and electrical apparatus, wiring supplies, and related equipment merchant wholesalers. Notable tourist destinations include the Kansas City Missouri City, the Crown Center Complex, and the Black Archives of Mid.