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Undergraduate Career Development

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Undergraduate Center for
Career Development
Hollister 220
Babson Park, MA 02457

781-239-4215 (phone)
781-239-5515 (fax)
undergradccd@babson.edu


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Mathematics/Actuarial

INDUSTRY OVERVIEW & JOB OUTLOOK  
Occupational Outlook Handbook - Bureau of Labor Statistics http://www.bls.gov/search/ooh.asp?qu=Mathematics&ct=OOH
Vault.com http://www.vault.com/cb/careerlib/careerlib_main.jsp?parrefer=411

SAMPLE RELEVANT BABSON CONCENTRATIONS  
Applied Statistics Finance
Computational Finance Information Technology Management

SAMPLE COMPANIES RECRUITING FOR MATHEMATICS POSITIONS Industry of Company
Cigna Healthcare
New York Life Insurance Company Insurance
St. Paul/Travelers Insurance
The Vanguard Group Finance/Banking

SALARY DATA  
Salary.com www.salary.com

ONLINE RESOURCES  
American Mathematical Society
Industry and educational news and links.
http://www.ams.org/careers-edu

Mathematical Science Career Information
Excellent resources, including profiles which provide an understanding of different career choices.

http://www.ams.org/careers/
The Institute of Mathematics
This section of the Web site provides information, case studies, and links associated with careers paths such as taken by IMA members.
http://www.ima.org.uk/mathematics/careers.htm
Be An Actuary http://www.beanactuary.com/
Actuary.Com
Links, exams, graduate schools, associations and career information.
http://www.actuary.com/
Society of Actuaries
Academic and career information.
http://www.soa.org/

ADDITIONAL RESOURCES AVAILABLE AT CCD
The Internship Bible

SAMPLE JOB TITLES SAMPLE JOB DESCRIPTION
Actuary Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. May require a bachelor's degree in a related field and 0-2 years of experience. Has knowledge of commonly-used concepts, practices, and procedures within a particular field. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision. Primary job functions do not typically require exercising independent judgment. Typically reports to a supervisor or manager.  (www.salary.com)
Auditing Supervisor Oversees the auditing of accounting and financial data of various departments within an organization. Inspects and audits the operations and financials of the organization and reports any evidence of fraud. A level I supervisor is considered a working supervisor with little authority for personnel actions. May require a bachelor's degree or its equivalent. Familiar with a variety of the field's concepts, practices, and procedures. Relies on experience and judgment to plan and accomplish goals. Supervises a staff of analysts/clerks and typically reports to the auditing manager.  (www.salary.com)
Budget Analyst Analyzes accounting records to determine financial resources required to implement programs and makes recommendations for budget allocations to ensure conformance to budgetary limits. Also responsible for reviewing operating budgets periodically in order to analyze trends affecting budget needs. Requires a bachelor's degree and 0-2 years of experience in the field or in a related area. Has knowledge of commonly-used concepts, practices, and procedures within a particular field. Relies on instructions and pre-established guidelines to perform the functions of the job. Works under immediate supervision. Primary job functions do not typically require exercising independent judgment. Typically reports to a supervisor or manager.  (www.salary.com)
Teacher (High School) Prepares lesson plans and instructs adolescents. Evaluates and monitors student's performance. Requires a bachelor's degree and 2-4 years of experience in the field or in a related area. Some states require that teachers be certified. Familiar with standard concepts, practices, and procedures within a particular field. Relies on limited experience and judgment to plan and accomplish goals. Performs a variety of tasks. Works under general supervision; typically reports to the principal. A certain degree of creativity and latitude is required. Note: Median base salary figures represent teachers with 15 years of experience. Moreover, standard geographic adjustments utilized may not fully reflect regional differences in pay. See methodology for more detail on geographic adjustments. (www.salary.com)

 

 

 

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