Popular Careers

Career Development

Career development resources for aspiring professionals.

Career Change Center

Career change guides, tutorials and resources for professionals in transition.

Job Search Resources

Job search resources, websites, guides and directories for job seekers.


Career and Education Opportunities for Actuaries in Ohio

Ohio has a population of 11,542,645, which has grown by 1.67% in the last 10 years. Nicknamed the "Buckeye State," Ohio's capital and largest city is Columbus.

About 760 people are currently employed as actuaries in Ohio. By 2016, this is expected to grow by 26% to about 960 people employed. This is better than 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.

A person working as an actuary can expect to earn about $38 hourly or $79,740 per year on average in Ohio and about $40 hourly or $84,810 yearly on average in the U.S. as a whole. Incomes for actuaries are better than in the overall category of Statistics Analysis in Ohio, and better than the overall Statistics Analysis category nationally. Jobs in this field include: actuarial assistant, pricing actuary, and insurance actuary.

In 2008, there were a total of 6,819,050 jobs in Ohio. The average annual income was $35,889 in 2008, up from $35,174 the preceding year. The unemployment rate in Ohio was 10.2% in 2009, which has grown by 3.6% since the previous year. Approximately 21.1% of Ohio residents have college degrees, which is lower than the national average.

The top industries in Ohio include fabricated metal product manufacturing, soap detergent manufacturing, and forging. Notable tourist destinations include the Farrow's Harley, the Gahanna Historical Society, and the Central Ohio Fire Museum.

CITIES WITH Actuary OPPORTUNITIES IN Ohio


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 Ohio 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: Ohio

Ohio
Ohio photo by Matthew Trump

Ohio has a population of 11,542,645, which has grown by 1.67% over the past decade. Nicknamed the "Buckeye State," Ohio's capital and most populous city is Columbus. In 2008, there were a total of 6,819,050 jobs in Ohio. The average annual income was $35,889 in 2008, up from $35,174 in 2007. The unemployment rate in Ohio was 10.2% in 2009, which has grown by 3.6% since the previous year. Roughly 21.1% of Ohio residents have college degrees, which is lower than the national average.

The top industries in Ohio include fabricated metal product manufacturing, soap detergent manufacturing, and forging. Notable tourist destinations include the Columbus Museum of Art, the Columbus Jewish Historical, and the COSI.