Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance, and other industries and professions.
Below is Actuarial Science Salary In Ghana
Tasks and Duties
Studying, improving, and developing mathematical, actuarial, and statistical theories and techniques
Advising on or applying mathematical principles, models, and techniques to a wide range of tasks in the fields of engineering, natural, social, or life sciences
Conducting logical analyses of management problems, especially in terms of input-output effectiveness, and formulating mathematical models of each problem usually for programming and solution by computer
Designing and putting into operation pension schemes and life, health, social and other types of insurance systems
Applying mathematics, statistics, probability, and risk theory to assess potential financial impacts of future events
Planning and organizing surveys and other statistical collections, and designing questionnaires
Evaluating, processing, analyzing, and interpreting statistical data and preparing them for publication
Advising on or applying various data collection methods and statistical methods and techniques, and determining the reliability of findings, especially in such fields as business or medicine as well as in other areas of natural, social, or life sciences
Preparing scientific papers and reports
Supervising the work of mathematical, actuarial, and statistical assistants and statistical clerks.
The salary range for the majority of workers in Mathematicians, actuaries, and statisticians – from GH₵986.93 to GH₵6,049.82 per month.
Mathematicians, actuaries, and statisticians conduct research and improve or develop mathematical, actuarial, and statistical concepts, theories, and operational methods and techniques and advise on or engage in their practical application in such fields as engineering, business and social, and other sciences.
How much do actuaries earn in Ghana?
| Actuarial Analyst | 6,260 GHS |
|---|---|
| Actuary | 6,310 GHS |
| Adjustment Insurance Clerk | 1,770 GHS |
| Assistant Broker | 3,230 GHS |
| Assistant Claims Manager | 5,100 GHS |
Is actuarial science a good career?
But, actuarial science is actually an excellent careers option.
It is not a very new field like Big Data Analytics or Biomedical Engineering. It has been around for some time.
Folks who are really good in Mathematics, Actuarial Science could be a great career option for them.