Actuary Science Named Best Career; CWU Offering Degree - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Actuary Science Named Best Career; CWU Offering Degree

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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.