According to a 2022 Gallup poll of 13,085 U.S. employees, many workers prioritize pay and benefits, work-life balance, and well-being when accepting a job offer. This is reflected in the increased demand for remote work options in the wake of the COVID-19 pandemic.
One profession that meets many of these criteria is that of an actuary. Actuaries make a median salary of $113,990 per year, with the flexibility to work hybrid or fully remote. These professionals assess and calculate the risks associated with various activities, often for insurance companies. They use statistics and data to build models of probability for different scenarios, providing valuable advice based on their findings.
To become an actuary, a bachelor’s degree in mathematics or statistics is usually required, along with experience in the field. Additionally, knowledge of coding or software, as well as strong communication skills, are essential for success in this role. Some employers also prefer candidates to be members of actuary groups, such as the Casualty Actuarial Society, which requires passing a series of exams.
The actuary profession is not only high-paying and flexible but also in high demand, with employment projected to grow 23% between 2022 and 2032. The job is also considered to be relatively low stress, with a stress ranking of 57 out of 100, according to the Labor Department’s Occupational Information Network. This is due to factors such as a 40-hour workweek and relative job stability.
In summary, the role of an actuary offers a winning combination of high pay, flexibility, and low stress, making it an attractive option for many job seekers. If you’re in the market for a new career, consider the advantages that come with becoming an actuary.
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