The table below provides information about the number of workers in this career in various regions. It also provides information about the expected growth rate and future job openings.
Employment
Major employers:
- Insurance companies
- Management consulting companies
- Business management companies
Outlook
Demand for actuaries is very strong. Changes to health care insurance laws require actuaries to research changes in policies and the expansion of the number of people covered by insurance. Health insurance companies will also need actuaries to determine the prices for products.
Actuaries will be needed to help companies understand and manage their own risk. Actuaries help companies make changes to their business or investment plans to lower risk.
Competition for jobs will be strong because this is a small career. The number of people who apply for openings will be greater than the number of jobs available. Actuaries who have passed at least two actuarial exams and had an internship will have the best prospects. Openings will occur as current workers retire or leave this career.
Actuaries (CIS 100003)
| Location | Employment | & | Growth | >>>> | Annual openings | |
| This occupation |
All occupations |
|||||
| Illinois |
2,224 Medium |
& |
24.8% |
8.2% |
>>>> |
192 Few |
| Charleston-Effingham-Centralia Area |
22 Very small |
& |
27.3% |
2.9% |
>>>> |
2 Very few |
| Cook County |
1,211 Medium |
& |
27.1% |
9.2% |
>>>> |
109 Few |
| Decatur Area |
8 Very small |
& |
25.0% |
3.8% |
>>>> |
0 None |
| Du Page County |
295 Small |
& |
27.8% |
8.8% |
>>>> |
26 Very few |
| Edwardsville Area |
10 Very small |
& |
30.0% |
12.4% |
>>>> |
0 None |
| Jacksonville-Carlinville-Litchfield Area |
8 Very small |
& |
37.5% |
-0.2% |
>>>> |
0 None |
| Kankakee-Morris-Pontiac Area |
15 Very small |
& |
26.7% |
6.0% |
>>>> |
1 Very few |
| McHenry County |
16 Very small |
& |
37.5% |
7.6% |
>>>> |
2 Very few |
| Mt Vernon-Marion-Carbondale Area |
19 Very small |
& |
21.1% |
4.4% |
>>>> |
1 Very few |
| Northwest Illinois Area |
11 Very small |
& |
36.4% |
4.3% |
>>>> |
0 None |
| Peoria-Bloomington Area |
223 Medium |
& |
15.7% |
4.5% |
>>>> |
17 Very few |
| Quincy-Macomb-Galesburg Area |
13 Very small |
& |
23.1% |
3.5% |
>>>> |
1 Very few |
| Rock Island-Moline Area |
33 Very small |
& |
12.1% |
5.6% |
>>>> |
1 Very few |
| Rockford Area |
29 Very small |
& |
13.8% |
6.6% |
>>>> |
1 Very few |
| Springfield Area |
38 Very small |
& |
5.3% |
4.6% |
>>>> |
3 Very few |
| Vermilion County |
7 Very small |
& |
0.0% |
-0.5% |
>>>> |
0 None |
| Will County |
40 Very small |
& |
30.0% |
14.9% |
>>>> |
4 Very few |
| United States |
30,200 Small |
& |
21.9% |
4.0% |
>>>> |
2,200 Very few |