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 |
2,967 Medium |
& |
18.0% |
2.7% |
>>>> |
206 Few |
| Champaign Area |
20 Very small |
& |
20.0% |
1.9% |
>>>> |
1 Very few |
| Charleston-Effingham-Centralia Area |
25 Very small |
& |
24.0% |
-1.2% |
>>>> |
2 Very few |
| Cook County |
1,680 Medium |
& |
17.4% |
3.0% |
>>>> |
115 Few |
| Decatur Area |
10 Very small |
& |
30.0% |
0.1% |
>>>> |
0 None |
| DeKalb-Elgin-Aurora Area |
61 Very small |
& |
23.0% |
4.0% |
>>>> |
4 Very few |
| Du Page County |
359 Medium |
& |
21.4% |
3.7% |
>>>> |
26 Very few |
| Edwardsville Area |
19 Very small |
& |
21.1% |
4.4% |
>>>> |
1 Very few |
| Kankakee-Morris-Pontiac Area |
19 Very small |
& |
15.8% |
-0.1% |
>>>> |
1 Very few |
| Lake County |
133 Small |
& |
17.3% |
2.6% |
>>>> |
8 Very few |
| McHenry County |
22 Very small |
& |
36.4% |
6.1% |
>>>> |
2 Very few |
| Mt Vernon-Marion-Carbondale Area |
23 Very small |
& |
21.7% |
0.2% |
>>>> |
1 Very few |
| Northwest Illinois Area |
19 Very small |
& |
31.6% |
5.1% |
>>>> |
2 Very few |
| Peoria-Bloomington Area |
310 Medium |
& |
15.5% |
1.3% |
>>>> |
21 Very few |
| Quincy-Macomb-Galesburg Area |
22 Very small |
& |
13.6% |
-1.6% |
>>>> |
1 Very few |
| Rock Island-Moline Area |
32 Very small |
& |
25.0% |
1.8% |
>>>> |
3 Very few |
| Rockford Area |
44 Very small |
& |
18.2% |
2.4% |
>>>> |
4 Very few |
| Shawnee National Forest Area |
6 Very small |
& |
33.3% |
-0.3% |
>>>> |
0 None |
| Springfield Area |
53 Very small |
& |
15.1% |
-0.8% |
>>>> |
4 Very few |
| St Louis-Belleville Area |
26 Very small |
& |
26.9% |
0.2% |
>>>> |
2 Very few |
| Vermilion County |
11 Very small |
& |
9.1% |
-5.1% |
>>>> |
0 None |
| Will County |
54 Very small |
& |
20.4% |
5.4% |
>>>> |
4 Very few |
| United States |
33,600 Small |
& |
21.7% |
3.1% |
>>>> |
2,400 Very few |