Scribd
Upload
80 views3 pages

Excel Functions To Know 2023

The document outlines essential Excel functions and capabilities that future actuaries must know, including formulas for summation, averaging, and data lookup. It also highlights common Excel tasks like cell formatting, pivot tables, and data graphing. Additionally, it promotes access to a community offering lessons to enhance Excel skills for actuarial work.

Uploaded by

penguinmanplayz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
80 views3 pages

Excel Functions To Know 2023

The document outlines essential Excel functions and capabilities that future actuaries must know, including formulas for summation, averaging, and data lookup. It also highlights common Excel tasks like cell formatting, pivot tables, and data graphing. Additionally, it promotes access to a community offering lessons to enhance Excel skills for actuarial work.

Uploaded by

penguinmanplayz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

EXCEL FUNCTIONS FUTURE ACTUARIES MUST KNOW!

BY ETCHED ACTUARIAL

Excel is one of the most important tools that any future actuary needs to know. That’s because
it gets used on the job almost every single day!

Below is a list of the most common Excel formulas that you absolutely MUST know!

FORMULA FUNCTION EXAMPLE


Calculates the total of a
=SUM(cell range) =SUM(A1:B12)
series of numbers
=SUMIF(range, criteria) Conditional sum =SUMIF(A1:B12,“<5”)
Average of a series of
=AVERAGE(cell range) =AVERAGE(A1:A12)
numbers
=AVERAGEIF(range,
Conditional average =AVERAGEIF(A1:12,“>=10”)
criteria)
=VLOOKUP(lookup value,
data range, column #, Searches vertically in a =VLOOKUP(C5,A1:B12,2,
approximate table FALSE)
(true)/exact(false) match)
=HLOOKUP(lookup value,
data range, row #, Searches horizontally in a =HLOOKUP(C7,
approximate table A1:B12,6,FALSE)
(true)/exact(false) match)
Returns a specific value in
=INDEX(range, location) =INDEX(B2:B12,5)
a given range
=MATCH(lookup value, Locates the position of a
=MATCH(C7,B2:B12,0)
data range, exact match ) value in a given range
Converts text string into a
=INDIRECT(cell reference) =INDIRECT(A1)
cell reference
=LEFT(cell, # of Selects a certain number
=LEFT(B2,3)
characters) of characters from the left
Selects a certain number
=RIGHT(cell, # of
of characters from the =RIGHT(B2,3)
characters)
right
=MID(cell, start position,Extracts information from
=MID(B2,5,4)
# of characters) the middle
Determines if a set
=IF(condition, result if
condition is met, and =IF(B12>=60,“Pass”,“Fail”)
true, result if false)
returns TRUE or FALSE
Counts the number of
=COUNT(cell range) cells that contain =COUNT(A1:A12)
numbers
Counts the number of
=COUNTIF(range, criteria) cells with data that meet =COUNTIF(A1:A12,“<=20”)
a given criteria
Calculates the sum of the
products of corresponding =SUMPRODUCT(B2:B12,C2:
=SUMPRODUCT()
numbers in one or more C12)
ranges
=OFFSET(start position, # Returns a cell/range that’s
of rows below, # of a specified number of
=OFFSET(B2,8,2,1,1)
columns to the right, row rows and columns away
height, column width) from a starting point
Rounds a number to a
=ROUND(cell, # of decimal
specified number of =ROUND(A1,3)
places)
decimal places
=DATE(year, month, day) Creates a date =DATE(A1,B1,C1)
=DAY(datevalue) Returns the day =DAY(A1)
=MONTH(datevalue) Returns the month =MONTH(A1)
=YEAR(datevalue) Returns the year =YEAR(A1)

Most common Excel capabilities:


• Deleting and inserting cells, rows and columns.
• Copying, pasting, pasting transpose, and pasting values (keyboard shortcuts
come in very useful).
• Setting up and using pivot tables.
• Absolute cell references in formulas (when and how to use them).
• Merging cells.

Continued below…
• Cell formatting (borders, cell colors, text colors, etc.).
• Conditional formatting.
• Cell validation.
• Sorting cells and removing cell duplicates.
• Setting up and using named ranges.
• Freezing rows or columns.
• Find and replace.
• Print page formatting.
• Filtering columns.
• Commenting.
• Data graphing.
• Change column width and row height.

Would you like us to show you how to do all these things?


Well, you’re in luck!

You can get access to our 9 Excel lessons that teach future actuaries, like you, how to go from an
Excel Newbie to an Excel Ninja in our Actuary Accelerator Community!

To join the Actuary Accelerator


Community (and get access to all 9
Excel lessons), just go here!

The best part about these sessions?

They’ll teach you, step-by-step, how


to use Excel to create a real
actuarial tool!

There are even projects you can


complete too, to practice your new
skills and learn to apply them by
yourself.

Click here to join the AAC!

You might also like