What is Actuarial Department?

Actuary; It is a discipline that applies mathematical and statistical methods to assess current risk in insurance, finance and similar industries and professions. More generally, experts apply rigorous mathematics to model uncertainty issues.

Actuarial includes a number of interrelated subjects such as mathematics, probability theory, statistics, finance, economics and computer science. What is the Actuarial and Risk Management Department?

How Many Years is the Education Period of the Actuarial Department?

Actuarial is a four-year undergraduate program offered at universities. There are 4 different options that those who want to study actuarial science can choose from;

  • Actuarial Sciences,
  • Actuary,
  • Insurance and Actuarial Sciences,
  • Actuarial and Risk Management,

Those who choose and successfully complete any of the departments are given the title of “Actuary”. Actuaries are professionals trained in this discipline.

What are the Actuarial Department Courses?

Candidate students who aim to receive education on the way to becoming an actuary during their 4-year vocational education;

  • Probability and Statistics,
  • Basic Information Technologies and Usage,
  • Basic Law,
  • Microeconomics,
  • Management and organization,
  • Statistics,
  • Business,
  • Business Law,
  • Maths,
  • Inventory and Balance Sheet,
  • Public relations,
  • Insurance,
  • Accounting and Financial Reporting,
  • Stochastic Processes

Are responsible for such courses.

In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional exams.

What Do Actuarial Graduates Do?

Actuaries are responsible for calculating these risks by examining the data.

What are the Job Opportunities for Actuarial Graduates?

Actuaries analyze historical data and use this information to determine how many financial resources should be allocated to cover future financial losses.

Actuarial graduates on employment;

  • Insurance Companies,
  • Investment Consulting Firms,
  • Expertise Companies,
  • Social Security Institution,
  • Treasury Undersecretary,
  • Turkish Statistical Institute (TUIK),
  • Research Companies,

Find opportunities to work in fields such as The results obtained from the Public Personnel Selection Examination (KPSS) are taken into account in order to be able to work in state institutions, which are among the employment areas in question. On the other hand, the low number of graduates of this department, which is taught in only 9 universities in our country, provides an advantage in terms of job opportunities. The best insurance in 2022

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