What is the current outlook for a job in actuarial science?

They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize ... Actuaries' work is essential to the insurance industry. ... Actuaries use advanced statistics and modeling software to forecast the cost and probability of an event. read more

From an automation perspective, software programs will not make the actuarial field obsolete anytime soon. Sure, there are some repetitive actuarial tasks that are candidates for automation. read more

Job Outlook Employment of actuaries is projected to grow 22 percent from 2016 to 2026, much faster than the average for all occupations. However, because it is a small occupation, the fast growth will result in only about 5,300 new jobs over the 10-year period. read more

Currently, actuarial science is one of the few degrees that enjoys a “0%” unemployment rate (4 degrees with 0% unemployment ) - the numbers are debatable, but the low unemployment rate is generally true, and many companies are still short on good actuaries. Looking forward, the job outlook is growing “much faster than average” (U.S. Bureau of Labor Statistics). read more