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Career and Education Opportunities for Actuaries in Nebraska

Nebraska has a population of 1,796,619, which has grown by 4.99% in the last 10 years. Nicknamed the "Cornhusker State," its capital is Lincoln, though its most populous city is Omaha.

Currently, 250 people work as actuaries in Nebraska. This is expected to grow 28% to about 320 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. 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.

A person working as an actuary can expect to earn about $35 hourly or $73,270 per year on average in Nebraska and about $40 per hour or $84,810 annually on average in the U.S. as a whole. Compared with people working in the overall category of Statistics Analysis, people working as actuaries in Nebraska earn more. They earn more than people working in the overall category of Statistics Analysis nationally. Actuaries work in a variety of jobs, including: insurance actuary, actuarial assistant, and actuarial analyst.

In 2008, there were a total of 1,253,549 jobs in Nebraska. The average annual income was $39,182 in 2008, up from $37,899 the preceding year. The unemployment rate in Nebraska was 4.6% in 2009, which has grown by 1.3% since the previous year. Roughly 23.7% of Nebraska residents have college degrees, which is lower than the national average.

The top industries in Nebraska include food manufacturing, animal slaughtering, and animal slaughtering. Notable tourist attractions include the General Crook House, the Tiger Door, and the Douglas County Historical Society.

CITIES WITH Actuary OPPORTUNITIES IN Nebraska


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 Nebraska 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: Nebraska

Nebraska
Nebraska photo by Matthew Trump

Nebraska has a population of 1,796,619, which has grown by 4.99% over the past 10 years. Nicknamed the "Cornhusker State," its capital is Lincoln, though its most populous city is Omaha. In 2008, there were a total of 1,253,549 jobs in Nebraska. The average annual income was $39,182 in 2008, up from $37,899 in 2007. The unemployment rate in Nebraska was 4.6% in 2009, which has grown by 1.3% since the previous year. Approximately 23.7% of Nebraska residents have college degrees, which is lower than the national average.

The top industries in Nebraska include food manufacturing, animal slaughtering, and animal slaughtering. Notable tourist destinations include the Douglas County Historical Society, the Museum Kaneko, and the Joslyn Art Museum.