Why I Want To Become An Actuary

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For quite a long time, I have wanted to pursue actuarial science as my future career path. Mr. Jones, a math teacher at Iroquois Jr/Sr Highschool, introduced this option for possible mathematics occupations in my class while we were talking about it, and it is seemingly a good fit for me. I planned to attend a meeting with an actuary at a local company who talked about the career and what my daily life might possibly entail. That was when I decided upon being an actuary and started building towards that future dream. As an actuary, I will help families and individuals pay the fair amount for insurance. I had previously known a lot about the actuarial science field; however, I did learn about some interesting summer programs to enroll in to …show more content…

The term "actuary," first used in 1762, originated from the great country of England, and it was used to describe the first man that was hired into a life insurance company to help determine whether the fees the company was paying were fair among the different types and groups of people. Another man named Edmund Halley, the same person who computed the orbital of Halley's Comet, is known as "the Father of Life Insurance;" although this fact can be disputed amongst people. America was the first country to establish a community of actuaries in 1889, calling it the Actuarial Society of America. In 1909, the American Institute of Actuaries was created, and the two establishments converged in 1949. They called themselves the Society of Actuaries. The more common names for actuaries in modern times are "financial architects" or "social mathematicians" (Encyclopedia of Careers and Vocational Guidance 12 - …show more content…

Scholarships are often earned through essays or achievements that students write or do. While it's still beneficial that certain schools, whether colleges or high schools, offer scholarships, a few general scholarships are specified toward future actuaries in any part of the country. Some are the Stuart A. Robertson Memorial Scholarship, CAS Trust Scholarship Program, D.W. Simpson Actuarial Science Scholarship Program, Ezra Penland Actuarial Science, John Culver Wooddy Scholarship, and the Society of Actuaries James C. Hickman Scholar Program. (Be an Actuary) They all have different requirements, but they aren’t unattainable. Some of them are for very large sums of money. I, personally, will need to receive scholarships in order to attend college anywhere because my family does not earn enough money to support me for extra years of education. They are very important and beneficial to many students’ college