When it comes to the ideal job, workers have different priorities. A majority, 64%, say pay and benefits are deciding factors in accepting a job offer, according to the 2022 poll. Gallup poll of 13,085 American employees. Almost the same number, 61%, say work-life balance and well-being are “very important.” Gallup indicates that the spread of remote work played a role in this.
One job that may fit the criteria for many workers is an actuary. They earn a median salary of $113,990 per year, according to Bureau of Labor StatisticsMany can work either hybridly or completely remotely.
Actuaries evaluate the risks of their clients’ activities, often on behalf of insurance companies. They use relevant data on deaths, accidents, illness, disability, etc. to build probabilistic models for different scenarios and provide advice accordingly.
The job often requires a bachelor’s degree, with a particular focus on an area such as mathematics or statistics, and experience in the role.
Actuaries “You usually need to know how to code or know software,” says Vicki Salemi, a career expert at the company. MonsterAdding that they also need interpersonal and communication skills to be able to “analyze, interpret and present this data.” Some companies may also want candidates to be members of actuarial groups such as the Group of Actuaries Society of Casualty Actuarieswhich requires members to pass a series of tests.
In addition to high pay and flexibility, this job is also in demand. The BLS expects actuarial employment to grow by 23% between 2022 and 2032. This is “much faster than average,” Salemi says. She says this may be a result of factors such as changes in climate. “There may be a greater need to assess what the risk will be, for example, for hurricanes, floods, tornadoes, etc.”
One final advantage of the job: it’s relatively low stress. The Occupational Information Network of the Ministry of Labor Rank 873 career Based on stress tolerance, or whether or not the job “requires accepting criticism and dealing calmly and effectively with high-stress situations.” The ranking is based on a scale from 0, or least stressful, to 100, or most stressful.
Actuaries have a stress rating of 57. Salemi lists factors such as the 40-hour work week at the job and relative stability as reasons for this.
“In the big picture, the role looks like a winner to me,” Salemi says.
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