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The Actuary is the Best Job

The Best Job

The actuary has been rated the Best Job in America by the Jobs Rated Almanac. The recognition as best job has now been given to the actuary in two out of only three editions of the reference book! The book, edited by Les Krantz and published by World Almanac, ranks the top 250 professions on several criteria.

Although the career didn't score top in any one of the criteria its overall ranking was top. This is how the actuarial career scored:

  1. Environment (ranking 2): Office work with computers. Approximately 45 hour work weeks, longer during busy periods. Contact with statisticians and insurance sales personnel.
  2. Income (ranking 29): Starting $34,000. Mid-level $70,000. Top $132,000. Growth potential 288%.
  3. Outlook (ranking 51): Employment opportunities will remain good for the next decade. Continuing diversity among types of insurance will stimulate growing demand for actuarial services. Actuaries are not likely to be laid off during a recession.
  4. Security (ranking 27): Employment prospects expected to increase faster than average.
  5. Stress (ranking 6): Use of statistical data means constant attention to detail is necessary. Calculations must be precise and large quantities of data must be analysed.