An actuary is a professional who uses mathematics, statistics, and financial theory to analyze the economic costs of risk and uncertainty. Actuaries are experts in evaluating and managing complex risks facing society. They work for insurance companies, financial institutions, and consulting firms, and their daily tasks vary depending on their specialty. Some common tasks for actuaries include analyzing financial data to recommend strategies, creating reports and presenting data to clients or executives, testing investment strategies to calculate risk, and calculating the probability of events that increase costs. Actuaries typically need a bachelors degree in mathematics, actuarial science, statistics, or another analytical field to enter the profession and must pass a series of exams to become certified. They must have a strong background in mathematics, statistics, and business. The median annual wage for actuaries was $113,990 in May 2022, and employment of actuaries is projected to grow 23 percent from 2022 to 2032, much faster than the average for all occupations.