If INCOME is the only motivation what are the best jobs for one with a degree in mathematics?

Specify requirements for the job also! Asked by bsull002 61 months ago Similar questions: INCOME motivation jobs degree mathematics Science > Math.

Similar questions: INCOME motivation jobs degree mathematics.

Among the highest paid mathematicians are actuaries and other financial services positions Mathematicians are some of the highest paid employees in the financial services industry. Available jobs include actuarial jobs at insurance companies or in government, statistician positions, and "quant" jobs at investment banks and hedge funds. Additionally, consulting opportunities abound.

Nature of the WorkOne of the main functions of actuaries is to help businesses assess the risk of certain events occurring and to formulate policies that minimize the cost of that risk. For this reason, actuaries are essential to the insurance industry. Actuaries assemble and analyze data to estimate the probability and likely cost of the occurrence of an event such as death, sickness, injury, disability, or loss of property.

Actuaries also address financial questions, including those involving the level of pension contributions required to produce a certain retirement income and the way in which a company should invest resources to maximize its return on investments in light of potential risk. Using their broad knowledge of statistics, finance, and business, actuaries help design insurance policies, pension plans, and other financial strategies in a manner which will help ensure that the plans are maintained on a sound financial basis. Most actuaries are employed in the insurance industry, specializing in life and health insurance or property and casualty insurance.

They produce probability tables which determine the likelihood that a potential future event will generate a claim. From these tables, they estimate the amount a company can expect to pay in claims. For example, property and casualty actuaries calculate the expected amount payable in claims resulting from automobile accidents, an amount that varies with the insured person’s age, sex, driving history, type of car, and other factors.

Actuaries ensure that the price, or premium, charged for such insurance will enable the company to cover claims and other expenses. The premium must be profitable, yet competitive with other insurance companies. Within the life and health insurance fields, actuaries are helping to develop long-term-care insurance and annuity policies, the latter a growing investment tool for many individuals.

Actuaries in other financial services industries manage credit and price corporate security offerings. They also devise new investment tools to help their firms compete with other financial services companies. Pension actuaries working under the provisions of the Employee Retirement Income Security Act (ERISA) of 1974 evaluate pension plans covered by that Act and report on the plans’ financial soundness to participants, sponsors, and Federal regulators.

Actuaries working in government help manage social programs such as Social Security and Medicare. Training, Other Qualifications, and Advancement Actuaries need a strong background in mathematics. Applicants for beginning actuarial jobs usually have a bachelor’s degree in mathematics, actuarial science, statistics, or a business-related discipline such as economics, finance, or accounting.

About 100 colleges and universities offer an actuarial science program, and most offer a degree in mathematics, statistics, economics, or finance. Some companies hire applicants without specifying a major, provided that the applicant has a working knowledge of mathematics, including calculus, probability, and statistics, and has demonstrated this knowledge by passing one or two actuarial exams required for professional designation. Courses in economics, accounting, finance, and insurance also are useful.

Companies increasingly prefer well-rounded individuals who, in addition to having acquired a strong technical background, have some training in liberal arts and business and possess strong communication skills. In addition to knowledge of mathematics, computer skills are becoming increasingly important. Actuaries should be able to develop and use spreadsheets and databases, as well as standard statistical analysis software.

Knowledge of computer programming languages, such as Visual Basic, also is useful. After graduating from college, most prospective actuaries gain on-the job experience at an insurance company or consulting firm, while at the same time working to complete the examination process. Actuaries are encouraged to finish the entire series of examinations as soon as possible, advancing first to the Associate level (with an ASA or ACAS designation) and then to the Fellowship level (FSA or FCAS designation).

Advanced topics in the casualty field include investment and assets, dynamic financial analysis, and valuation of insurance. Candidates in the SOA examination series must choose a specialty—group and health benefits, individual life and annuities, pensions, investments, or finance. Examinations are given twice a year, in the spring and the fall.

Although many companies allot time to their employees for study, home study is required to pass the examinations, and many actuaries study for months to prepare for each examination. It is likewise common for employers to pay the hundreds of dollars for examination fees and study materials. Most actuaries reach the Associate level within 4 to 6 years and the Fellowship level a few years later.

Specific requirements apply to pension actuaries, who verify the financial status of defined benefit pension plans for the Federal Government. These actuaries must be enrolled by the Joint Board of the U.S. Treasury Department and the U.S. Department of Labor for the Enrollment of Actuaries. To qualify for enrollment, applicants must meet certain experience and examination requirements, as stipulated by the Board.To perform their duties effectively, actuaries must keep up with current economic and social trends and legislation, as well as with health, business, finance, and economic developments that could affect insurance or investment practices.

Good communication and interpersonal skills also are important, particularly for prospective consulting actuaries. Beginning actuaries often rotate among different jobs in an organization to learn various actuarial operations and phases of insurance work, such as marketing, underwriting, and product development.At first, they prepare data for actuarial projects or perform other simple tasks. As they gain experience, actuaries may supervise clerks, prepare correspondence, draft reports, and conduct research.

They may move from one company to another early in their careers as they advance to higher positions. Job Outlook Employment of actuaries is expected to grow faster than average for all occupations through 2014. Employment opportunities should remain good for those who qualify, because the stringent qualifying examination system restricts the number of candidates.

Employment growth in the insurance industry is expected to continue at a stable pace, while more significant job growth is likely in some other industries.In addition, a small number of jobs will open up each year to replace actuaries who leave the occupation to retire or who find new jobs. Steady demand by the insurance industry—the largest employer of actuaries—should ensure the creation of new actuary jobs in this key industry over the projection period. Actuaries will continue to be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new risks.

Although employment of actuaries in life insurance had begun to decline recently, the growing popularity of annuities, a financial product offered primarily by life insurance companies, has resulted in some job growth in this specialty. Also, new actuarial positions have been created in property-casualty insurance to analyze evolving risks, such as terrorism. Some new employment opportunities for actuaries should also become available in the health care field as health care issues and Medicare reform continue to receive growing attention.

Increased regulation of managed health care companies and the desire to contain health care costs will continue to provide job opportunities for actuaries, who will also be needed to evaluate the risks associated with new medical issues, such as genetic testing and the impact of new diseases. Others in this field are involved in drafting health care legislation. A significant proportion of new actuaries will find employment with consulting firms.

Companies that may not find it cost effective to hire their own actuaries are increasingly hiring consulting actuaries to analyze various risks. Other areas with notable growth prospects are information services and accounting services. Also, because actuarial skills are increasingly seen as useful to other industries that deal with risk, such as the airline and the banking industries, additional job openings may be created in these industries.

The best job prospects for entry-level positions will be for those candidates who have passed at least one or two of the initial actuarial exams. Candidates with additional knowledge or experience, such as those who possess computer programming skills, will be particularly attractive to employers. EarningsMedian annual earnings of actuaries were $76,340 in May 2004.

The middle 50 percent earned between $54,770 and $107,650. According to the National Association of Colleges and Employers, annual starting salaries for graduates with a bachelor’s degree in actuarial science averaged $52,741 in 2005. Insurance companies and consulting firms give merit increases to actuaries as they gain experience and pass examinations.

Some companies also offer cash bonuses for each professional designation achieved. According to a salary survey conducted by the National Association of Colleges and Employers, bachelor's degree candidates in actuarial science received starting offers averaging $51,493 a year in 2005. Sources: http://www.collegegrad.com/careers/proft42.shtml .

Insurances and banks. They like (and need) folks with real analytical skills. You'll need to specialize in the right type of math, e.g. , probability/measure theory, ergodic theory.

And preferably have or get soon an MBA or similar.

Banking, definitely. Banking. A background in mathematics, economics, finance and sociology would all be useful, principally math and econ.

But what kind of person uses income as their only motivator? Don't those people end up drunk, unhappy and divorced? Sources: www3.imperial.ac.uk/mathsinstitute/progr... .

You could learn to write software, develop a program that people will buy, and sell it to a major software company. Sources: paulgraham.com/articles.html, paulgraham.com/hiring.html .

Where the real dollars are... 1. Move to an area where math education is not strong (South US). 2.

Find the wealthy, but not very math conscious population. 3. Go door to door and ask for a donation to fund your studies in "calculation ability." 4.

Tell them you just need a penny today, two tomorrow, four the next day, etc. 5. Make sure you get all of this in writing. Multi-year contracts can be extremely lucrative. Requirements: penny counting and rolling abilities.

You should be able to retire somewhat early depending on how long it takes you to drain the wealth of your patrons.

Jobs in socialogy with an associate degree.

What types of jobs/income could one expect with this degree.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.