Actuarial science has emerged as one of the lucrative career options for most mathematicians across the globe. An actuary career generally revolves in the finance sector; however, over the years experts have been able to figure out various other roles which an actuary expert can take in multiple industries.
While the idea and the profession sound lucrative, getting in the field is tough and requires a significant level of dedication. Hence, for those who are looking to work in the field of actuarial science, here are a few actuaries books which we recommend you to read:
Actuarial Science – An Elementary Manual
This book by Ninian Glen is one of the best actuaries books you will find on actuarial science which not only explains the advanced concept of the discipline but also talks about the history of the subject and how it has evolved over the years. The book which was written in the early 1900s has been recreated given the plethora of topics which it covers as well as a theoretical approach it has to some of the criticised concepts of this discipline.
Actuaries’ Survival Guide; How to Succeed In One of the Most Desirable Professions
An actuary career demands an in-depth understanding of advanced mathematical and finance concepts and this book by Fred Szabo helps you achieve just that. An elementary guide to actuary career this book guides you through the process of succeeding in the field and then starts explaining basic concepts which even someone with no experience in the area can understand. The book after covering the theoretical aspects dwells into practical examples, which will help the readers understand the topics in great detail.
Achieving Your Pinnacle: A Career Guide For Actuaries
In contrast to popular beliefs, this book written by Tom Miller is not the comprehensive guide on actuary career. This is more of a refresher course for the people who are already familiar with the career and are looking forward to polishing their skills and clear concepts related to the discipline. The book also talks about various myths and misinformation pertaining to the actuary discipline and later dwells into job opportunities and speaks about tips on how to crack an actuary interview.
Actuarial Mathematics
This book written by Newton L. Bowers is one of the finest guides to help you with your actuary career. While no book in the market would be able to give you all the information about actuarial discipline, this one is a near perfect guide to help you master the concepts of actuarial science. However, one of the major pre-requisites to understanding this book is that you need to have a background in mathematics and secondly, you need to give time if you need to understand the concepts mentioned in the same.
Practical Risk Theory For Actuaries
This book is more of an advanced approach to actuary discipline as it dwells into the application of actuarial science for risk management. You need to be proficient in the advanced mathematical as well as finance concepts to understand what’s mentioned in the book. However, this is a gem of a book for those who are an expert as it helps them get to know the subject from an objective approach.
So, this was our list of top 5 actuaries books which we recommend to anyone planning to build their careers in actuary discipline. If you think you have better book suggestions, please let us know about them in the comment section below.
