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How to become an actuary:in?

04/24/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

To become an actuary:in, there are several paths.

The classical way is to study mathematics or a mathematically oriented course of study such as business mathematics, technomathematics or applied mathematics. Here, it makes sense to specialize in actuarial mathematics and attend appropriate courses and seminars.

The traditional path is to study mathematics or a mathematics-related course such as business mathematics or applied mathematics.

Following this, you can apply for a position in an insurance company, for example, and work there as an actuary or actuarial mathematician. Alternatively, you can also work in a consulting firm with a focus on insurance.

But there are also other opportunities.

But there are also specialized courses of study, such as the master's program in actuarial science at the Technical University of Munich or the bachelor's program in actuarial science at the University of Ulm. These are very practice-oriented courses of study that provide students with extensive knowledge in the field of actuarial science.

To be successful as an actuary:in, you should have a good understanding of mathematics as well as analytical skills and be able to understand and communicate complex relationships.

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