QUOTE(tehtmc @ Dec 11 2009, 12:54 PM)
Everybody consults a pharmacist at some time or other but not everybody deals with an actuary.
Actuaries are employed mainly by the insurance companies and I was told only the big ones employ actuaries and even then one company only employ one actuary. How many actuaries can the market absorb?
Excuse me if I'm being ignorant but I have been wondering whether they are enough job openings for actuaries with the growing trend among young people taking up the course. Of course many are attracted to it when they hear about the lucrative salaries.
One thing to bear in mind, you can have your own business if your are a pharmacist but not if you are an actuary. The job market seems very limited, doesn't it?
There is a large group of AS graduates get absorbed into other industries, which is may or may not be related to risk analysis.
AS graduates are highly sought after due to their excellent mathematical skills, which is very important for sectors like finance, banking etc.
Take a look at the graduates in UK, not a lot get into insurance companies but still a lot get employed.
And, risk analysis doesn't constrain themselves into insurance industry only. More and more companies are seeking a way to reduce the risk they may have in their projects and hence more and more risk analyst will be required.
Mind you, take a look at the insurance industry in US, and you will know why the Northern American magazines usually rank actuary being among the best jobs.