Do actuaries use a lot of calculus?

You may have heard that aspiring actuaries should have some background in calculus. Or maybe you’re writing Exam P and are wondering if you’re actually going to need to use all this calculus at work. Well, thankfully, the answer is no! Actuaries don’t use calculus at work.

Do you need to know calculus to be an actuary?

Calculus courses are often one of the most difficult for aspiring actuaries. As an actuary working in the field, you won’t need to use calculus but it is really important to understand for actuarial exams (learn everything about them here). One of the first actuarial exams is Exam P, and it involves tons of calculus.

What math is on the actuarial exams?

Individual Actuarial Exams Exam P/1 (Probability) is a three-hour multiple-choice examination covering calculus-based probability and statistics. Many of the problems on this exam are set as word problems involving risk.

Why do actuaries know calculus?

Calculus applies mathematical concepts in order to calculate the rate of change of certain quantities. Calculus courses are often one of the most difficult for aspiring actuaries. The mathematical concepts can be quiet complex.

Are actuarial exams harder than the bar?

Actuaries have to take a bunch of professional exams to become fully certified. These exams are notorious for being some of the hardest professional exams to pass (comparable to the BAR and CPA). The CAS (Casualty Actuarial Society) relates to insurance around property and casualty.

Do Actuaries need to be good at maths?

Actuaries are certainly more skilled in mathematics than the average person on the street, but you don’t really need to be an expert in mathematics to be an actuary. The maths actuaries use is actually fairly basic. Like a lot of actuaries, I studied mathematics at university and I think it is fair to say I’m an expert.

What is the job description of an actuary?

Video transcript available at

What is the work environment and culture like for an actuary?

Work Environment. Most actuaries work for insurance companies. Although most work full time in an office setting, some actuaries who work as consultants may travel to meet with clients.

How can my employer help me get an actuarial certification?

Most employers support their actuaries throughout the certification process. For example, employers typically pay the cost of exams and study materials. Many firms provide paid time to study and encourage their employees to set up study groups.