Title: Actuary Jobs Offer High Pay, Low Stress, and Flexibility
When it comes to finding the ideal job, workers have different priorities. According to a 2022 Gallup poll of 13,085 U.S. employees, 64% of workers say pay and benefits are significant factors in accepting a job offer. Nearly the same amount, 61%, say work-life balance and well-being are “very important”. The prevalence of remote work has played a significant role in shaping these priorities.
Actuary jobs might fit most workers’ criteria as they offer a median salary of $113,990 per year according to the Bureau of Labor Statistics, and many can work either hybrid or fully remote. Actuaries assess risks of their clients’ activities, often on behalf of insurance companies. They use relevant data about mortality, accidents, illness, disability, etc. to build models of probability for various scenarios and advise accordingly.
Education and essential skills such as knowledge of coding or software, as well as membership in actuary groups, are required for individuals seeking to become actuaries. Beyond high pay and flexibility, the actuary job is also in high demand, with BLS projecting actuary employment to grow 23% between 2022 and 2032, “much faster than average”. The need to assess risks due to changes in the climate, such as tornadoes, floods, and hurricanes, might contribute to this growth.
The role of actuaries is comparatively low stress, as the job’s 40-hour workweek and relative stability contribute to a stress ranking of 57, according to the Labor Department’s Occupational Information Network. Vicki Salemi, a career expert at Monster, indicates that the actuary job sounds like a winner.
This occupation aligns well with the most important things to Gen Z college students in a new job, with it being high-paying, flexible, in-demand, and low-stress.
In conclusion, actuary jobs offer a combination of high pay, flexibility, and low stress. With new workplace priorities in mind, actuarial positions seem to cater to the needs and wants of a significant portion of today’s workforce.