Is Actuarial Profession a good Career option?

 Keywords: Actuarial Profession, Romik Rai, Ageas SA/NV, Actuary, Insurance, Mathematics, Risk Management, Finance, Statistics, Economics, Commerce, Career, Career Objective, Career Counseling, Career Planning, Career Options, Career List

Is Actuarial Profession a good Career option?

Career in Actuarial Profession

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Actuarial Profession

I think Actuarial Profession is a great Career option. Almost everyone seems to be talking about How to start a Career in Actuarial Profession, while I want to first develop an understanding of What is a Career in Actuarial Profession. It had been a while since I was researching about a Career in Actuarial Profession, when I came across:

Romik Rai's perspective!

With 9 years of professional experience, Romik Rai understands Actuarial Profession. Romik Rai has worked in Actuarial Profession as Risk Officer in Ageas SA/NV. In Romik Rai's own words, this is how Romik Rai got into Actuarial Profession: "After completing my Masters in Actuarial Studies from University of New South Wales, Australia, I started working as a consultant with Watson Wyatt Worldwide. I have worked with over 20 financial institutions across Europe and Asia. Currently, I am the Founder and CEO of which I started in 2015 in India. is a startup where we promote investments which have a positive environmental and social impact." This link showed on the first page of search results for Romik Rai:

Career Video on Actuarial Profession

In a video, Romik Rai has talked about various aspects of a Career in Actuarial Profession. Romik Rai started by explaining Actuarial Profession as: "An Actuary is a business professional who deals with the measurement and management of risk and uncertainty. These risks can affect both sides of the balance sheet, and require asset management, liability management, and valuation skills. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs." The video gave me so much food for thought.

I found the video unique because it talked about Education in terms of things which can be learnt from books, to excel at a Career in Actuarial Profession and not as a list of Qualifications, which one needs to get into Actuarial Profession. Romik Rai touches upon these in the Education section of the Video:
  • Financial Mathematics
  • Economics
  • Probability and Stats
  • Statistical Software
  • Proficiency in English
Sills and success goes hand in hand. One needs to get a hold of essential skills.
Romik Rai then explains why these Skills are essential for a Career in Actuarial Profession:
  • Logic and Reasoning
  • Problem Solving
  • Ability to Collaborate
  • Communication Skills
It is important to get an understanding of the Positives of this Career.
Romik Rai believes that the following are some of the Positives of a Career in Actuarial Profession:
  • Monetary Potential
  • Global Employability
  • Low Stress
  • Work Life Balance
  • Non-Hazardous Job
Challenges are the other side of Positives and this Career is no exception.
And, Romik Rai believes that one needs to prepare for following Challenges of a Career in Actuarial Profession:
  • Difficult to Qualify
  • High level of Concentration
  • Cause of Public Interest
  • Specialist, not General
  • Lifelong Learning

In the final section of the video Romik Rai talks about How a day goes in a Career in Actuarial Profession. This video is by far the best video on a Career in Actuarial Profession, that I have ever come across. To see the full Talk, one needs to install the LifePage Career Talks App. Here is a direct deep link of the Video:

Career Counseling 2.0

Having gained so much from a professional perspective on a Career in Actuarial Profession, I wanted to learn about other Careers on LifePage. LifePage has the most comprehensive Career List. LifePage is the world’s most evolved Career Platform. You can use LifePage to find your Career Objective. LifePage also offers the most comprehensive Career Planning process. You can use LifePage to explore more than a thousand Career Options. LifePage has the most exhaustive Career List. It is truly Career Counseling 2.0 LifePage has created the largest knowledge repository of Careers in the whole world. I salute the efforts of Team LifePage. I also encourage you to learn more about LifePage on:

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I continued with my research on LifePage and thoroughly studied these links to gain more perspective:
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Information about other Career Options

These articles have similar information about other Career options:
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