ELLENSBURG, Wash.-- A recent ranking by CareerCast
named actuaries as the best job of 2013.
In Washington, there's only one college
that offers a degree in that field: Central Washington University.
Actuarial science is a career that's all
about determining the risks in certain situations for businesses.
CWU is the only university in the state
that offers a degree in this field.
It's a four-year program taught at the
advanced level by three professors.
They conduct statistical analyses, mostly
for insurance companies and financial institutions, from determining how much
money companies should reserve to pay claims to working on the stock market.
It's also a career in high demand by
employers, and professors say jobs in actuarial science pay well.
"It's an interesting job, you're
doing meaningful work, it's a lot of problem solving. It's not the same thing every
day over and over again," said CWU Professor Dr. Kathy Temple.
It's also a growing profession.
The Bureau of Labor Statistics predicts
employment for actuaries will increase 27 percent by the year 2020.
Professors in the program tell me part of
the reason for that growth is that companies outside of insurance and financial
institutions are now starting to hire actuaries.
So, it's not only a well paying career, it's also a growing one.