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The Actuary The magazine of the Institute & Faculty of Actuaries

Being an actuary ‘the second best job in 2012’

Actuaries have the second best job in 2012, according to research carried out by US website CareerCast.

Business meeting ISTOCK
Photo: iSTOCK

Only software engineer was placed above the actuarial profession in the careers advice service’s ranking of the 200 best and worst jobs out there this year. The ranking was based on physical demands, work environment, income, stress and hiring outlook and used data from sources such as the US Bureau of Labor Statistics.

CareerCast said an actuary ‘interprets statistics to determine probabilities of accidents, sickness, and death, and loss of property from theft and natural disasters’. The occupation scored well for its hiring outlook, with very low levels of stress and physical demands.

Other financial services-related roles also ranked well in the list, with financial planner (ranked fifth) and mathematician (ranked tenth) both also figuring in the top 10 best jobs in 2012.

However, accountants ranked only 47th in the list, with a noticeably less rosy hiring outlook than their actuarial colleagues.

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I was a bit surprised to see that the average salary was so low. I was expecting it to be at least over 100k.

Mariusz Actuary (22/04/2012 18:39:21)

It's US, but still interesting. The top 200 list is here & looks fairly well put together: http://www.careercast.com/jobs-rated/2012-ranking-200-jobs-best-worst

dan barker (19/04/2012 16:17:32)

Considering the study was based on US statistics, I would imagine that this is in relation to US actuaries/job market. However, it could easily also be applicable to the UK, considering the similarities of the two countries' economies

Joe Actuary (14/04/2012 06:47:20)

A very nice headline. But does it apply to US actuaries or UK actuaries ? I think we should be told.

Nicola Foote (12/04/2012 13:20:10)