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Career and Education Opportunities for Actuaries in Oklahoma

Oklahoma has a population of 3,687,050, which has grown by 6.85% in the last 10 years. Nicknamed the "Sooner State," Oklahoma's capital and largest city is Oklahoma City.

The national trend for actuaries 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.

Actuaries earn approximately $24 per hour or $51,870 yearly on average in Oklahoma. Nationally they average about $40 per hour or $84,810 annually. Actuaries earn more than people working in the category of Statistics Analysis generally in Oklahoma and more than people in the Statistics Analysis category nationally. Jobs in this field include: product development actuary, actuarial associate, and insurance actuary.

In 2008, there were a total of 2,206,469 jobs in Oklahoma. The average annual income was $35,969 in 2008, up from $34,298 the preceding year. The unemployment rate in Oklahoma was 6.4% in 2009, which has grown by 2.7% since the previous year. Approximately 20.3% of Oklahoma residents have college degrees, which is lower than the national average.

The top industries in Oklahoma include boiler, tank, and shipping container manufacturing, pump manufacturing, and oil field machinery manufacturing. Notable tourist destinations include the Guthrie Jazz Banjo Festival Inc, the Oklahoma City National Memorial & Museum, and the Amateur Softball Association of Amrca NTNL Hdqrtrs.

CITIES WITH Actuary OPPORTUNITIES IN Oklahoma


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 Oklahoma 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: Oklahoma

Oklahoma
Oklahoma photo by Nyttend

Oklahoma has a population of 3,687,050, which has grown by 6.85% over the past decade. Nicknamed the "Sooner State," Oklahoma's capital and biggest city is Oklahoma City. In 2008, there were a total of 2,206,469 jobs in Oklahoma. The average annual income was $35,969 in 2008, up from $34,298 the previous year. The unemployment rate in Oklahoma was 6.4% in 2009, which has grown by 2.7% since the previous year. Approximately 20.3% of Oklahoma residents have college degrees, which is lower than the national average.

The top industries in Oklahoma include boiler, tank, and shipping container manufacturing, pump manufacturing, and oil field machinery manufacturing. Notable tourist attractions include the Amateur Softball Association of Amrca NTNL Hdqrtrs, the National Cowboy & Western Heritage Museum, and the Oklahoma Museums Association.