Actuaries play a vital role in identifying, quantifying, mitigating risk, in such industries:
Insurance
Banking and finance
Consulting firms
Government offices
In Pakistan, actuaries have become an essential part of the banking and finance sector to ensure better credit risk management and compliance with international standards. But here, actuaries have minimum scope to prosper or get paid. Pakistani graduated actuaries have to appear for international exams of actuaries to get a field job. Most actuaries are identified and valued in the global market.
In Pakistan, actuaries are increasing and are recognized with their major contribution in local and international by holding senior and important positions in countries such as
Saudi Arabia
Qatar
UAE
USA
The actuarial professionals are being offered competitive earnings from graduation. Newly graduates in this field expect attractive salaries to grow significantly as they grow professionally. Pakistani actuaries are safer in their careers when they go for international options rather than staying in Pakistan-oriented companies. Most of the actuaries go for remote work for global organizations to enhance their earning potentials.
The actuarial profession is high in demand globally or locally, especially in the insurance and finance sector. They manage risk, financial debts, design insurance products, and actuaries are becoming indispensable across global organizations seeking to navigate financial uncertainty or financial outcomes.
The Society of Actuaries in Washington https://www.actuary.org/content/society-actuaries-soa
Offering a membership offering educational resources, mentorships, networking opportunities, for future actuaries to build a strong pipeline.
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