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Career and Education Opportunities for Actuaries in Tennessee

Tennessee has a population of 6,296,254, which has grown by 10.67% over the past 10 years. Nicknamed the "Volunteer State," its capital is Nashville, though its largest city is Memphis.

Currently, 340 people work as actuaries in Tennessee. This is expected to grow 21% to 410 people 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 income of an actuary is about $30 per hour or $62,840 annually on average in Tennessee. In the U.S. as a whole, their income is about $40 per hour or $84,810 yearly on average. Earnings for actuaries are better than earnings in the general category of Statistics Analysis in Tennessee and better than general Statistics Analysis category earnings nationally. Actuaries work in a variety of jobs, including: actuarial mathematician, consulting actuary, and pricing actuary.

In 2008, there were a total of 3,759,569 jobs in Tennessee. The average annual income was $34,833 in 2008, up from $34,156 the preceding year. The unemployment rate in Tennessee was 10.5% in 2009, which has grown by 3.8% since the previous year. Approximately 19.6% of Tennessee residents have college degrees, which is lower than the national average.

The top industries in Tennessee include bakeries manufacturing, bread product manufacturing, and commercial bakeries. Notable tourist destinations include the Chucalissa Archaeological Museum, the Children's Museum of Memphis, and the Elvis Presley Enterprises.

CITIES WITH Actuary OPPORTUNITIES IN Tennessee


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 Tennessee 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: Tennessee

Tennessee
Tennessee photo by Aviator31

Tennessee has a population of 6,296,254, which has grown by 10.67% in the last 10 years. Nicknamed the "Volunteer State," its capital is Nashville, though its largest city is Memphis. In 2008, there were a total of 3,759,569 jobs in Tennessee. The average annual income was $34,833 in 2008, up from $34,156 the previous year. The unemployment rate in Tennessee was 10.5% in 2009, which has grown by 3.8% since the previous year. Roughly 19.6% of Tennessee residents have college degrees, which is lower than the national average.

The top industries in Tennessee include bakeries manufacturing, bread product manufacturing, and commercial bakeries. Notable tourist destinations include the Mississippi River Museum, the Magevney House, and the National Civil Rights Museum.