Career Advice On Science And Humanities

By acquiring proper career advice we can excel in the combination of two opportunities. In the mad rush for engineering and medicine, students and parents forget options such as Dentistry, Veterinary science, Forestry, Fisheries, Agriculture, Ayurveda, Homeopathy, Pharmacy, Law, Fine arts, Fashion Design, Acting, Music, Modeling, Teaching, Travel and tourism and defense services. Each one these offers opportunities to the right person through proper career advice.

Mathematicians have before them areas such as operations research, programming, design of computer systems and actuarial science. Statisticians play a vital role in national planning.Those who have acquired higher qualifications can take up work in any field of science and excel in various categories. Those who take up physics have ample opportunities in research areas such as Astrophysics, Meteorology, and electronics. Chemistry is the discipline of its own charms, spreading its tentacles to fertilizers, pharmaceutical, metal, oil, soap, paper, polymer, textile, fuel, food, plastics, paints, varnish, and pesticide industries. Research in different branches such as physical, analytical, electro, radio, histo, geo, bio-chemistry offer interesting challenges.

Certain professions are the preserves of those who have specialized in the history, whereas some others show preference to graduates and post graduates in history. Archaeology, musicology, numismatics, epigraphy , and archives are examples who succeeded in this field through proper career advice.

Economics have openings in business, journals, banking industry, planning cells,etc. where economic analysis is required. The Indian economic service recruits competent economics through UPSC examination. Hence to excel in any field career advice is very essential which plays a vital role in all life.

Salary for an Actuary

Actuary professionals deal with subjects related to actuarial science whose only operation is to predict the incidents of devastating events and try to reduce the losses. It is basically a part of risk management strategies. With high concerns of pollution, the pressure on earth has raised immensely. And thus unexpected events like tsunamis, earthquakes, tornadoes, cyclones etc are the result of it. Thus, uncertainties are an integral part of our lives and so planning for risk management is essential.

Superb planning is the trademark of risk management ethics. Since the actuaries have happened to be chief designers of the economic security programs in US, job opportunities in this field have increased enormously. Yet, the job competition is cut throat. Actuary aspirants will be pleased to know that the starting salary of actuary is very decent and pretty competitive with various other conventional jobs like those of engineering, medical and law. Students who are thinking of opting for this field have for sure a bright chance in terms of career development.

Actuaries in the course of possibility charts and statistics data come up with a conclusion about what amount should an insurance firm charge to the policy holders for a certain type of exposure. Based on the data verdict, the insurance company charges proper fees to the policyholders so that they can sufficiently pay back the premium without getting into losses.

More often actuaries’ chiefly work for insurance firms which boom on the ethics of possibility that is the probability of some happenings. Many of the actuaries work in government sector as well. The mean or average actuary salary depends on the kind of employer. Big corporations and government jobs provide good salaries and job safety.

Average starting actuary salary

Salary ranges differ on the basis of experience. These can be described as follows:

• The actuary salary for those working for one year is US$ 51,000 per year.
• More experienced actuaries, but with less than 4 years of experience get US$ 60,000 per annum.
• Actuaries with work experience of 5 to 9 years, the salary range is US$ 90,000 annually.
• With further work experience, the actuary salary is US$ 112,000 year.
• An actuary professional with 20 years of work experience earns salary up to US$ 130,000 year.

Like other fields, this field also holds similar parameters for salary. The starting actuary salary depends on factors like your educational qualification, internship experience and the type of job set up by the actuary is working with. The starting salary ranges from US$ 50,000 to US$ 55,000 per annum. The earning opportunities of an actuary are brighter and similar to those of an average MBA graduate.

Skilled actuaries who are at managerial and top levels earn a huge salary of US$ 107,000 per year. The average actuary starting salary for actuaries falls between US$ 50,000 to US$ 60,000.

The career growth path in the field of actuarial science is full of dare and various opportunities. As this faculty stresses on very strong mathematical and analytical skills, an untimely choice to follow this career is very important as basics of maths understood well in the junior classes is significant to study and take hold of higher statistics and maths at college level. The actuary starting salary increases with work experience and skills of the actuary.

Careers in Finance: Insurance vs Corporate

It has been eight years since my friends and I graduated from business school, eight long years since we studied all about the law of supply and demand and dreamed about our future careers in the exciting and rewarding field of finance.

There are six of us in our group and we have all managed to stay in touch with each other despite our hectic schedules. Who am I kidding? One big reason why we have stayed in touch with each other is because we help each other with contacts and networking. There’s nothing like a little school spirit to make the wheels of business spin a little faster. That is especially so since most of us have landed in different spheres of the financial industry. Different, yes, but I must also stress that these spheres are inter-connected. It really is a fascinating industry.

One day over drinks at the club, we decided to compare notes about our respective jobs. Much of the discussion revolved around the topic of who had the best job among us. Two of the guys, who were making a splash in insurance, strongly endorsed their field. They said that the insurance industry has annual revenues that surpass the trillion-dollar mark, which makes it a secure and financially-rewarding place to spend one’s career. The guys said that there are over 2.5 million people currently working in insurance now holding jobs as an underwriter, sales representative, customer service rep, asset manager or an actuary. As the guys said, the name of the game now is knowing how to manage risk and anticipate problem areas.

Gregory, the most scholastically gifted among us back in school, had a different opinion. He worked as a financial planner in a major corporation. Gregory argued that it is not the size of the industry that should determine who has the best job, but rather how important that job contributes to his company or clients. As a financial planner, Gregory said his position made him vital to the future of his company because he was the one who planned all the future spending of the company. Nothing would move without my approval, he said.

Actually, both of them had a point, but I had to ponder a little bit before I could response.