Actuaries


Finance > Actuaries > Employment & Outlook
110600
100003
Actuaries

Actuaries - Employment & Outlook

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
Source: Illinois Career Information System (CIS) brought to you by Illinois Department of Employment Security.