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A Lucrative and Flexible Remote Job That Pays Over $100K/year: Experts Opinion



Last Updated on November 28, 2023 by Robert C. Hoopes

Title: Actuarial Career: High Pay, Flexibility, and Low Stress Make It High in Demand

In a recent Gallup poll conducted in the United States, 64% of employees have identified pay and benefits as critical factors in accepting a job offer. Meanwhile, 61% prioritize work-life balance and well-being. Actuaries, the professionals responsible for assessing risks on behalf of insurance companies, seem to tick all the boxes, making it an ideal job choice for many workers.

One of the primary reasons attracting individuals to pursue a career as an actuary is the high pay it offers. Actuaries earn a median salary of $113,990 per year, making it an attractive field for those seeking financial stability. Furthermore, their job provides flexibility in terms of work arrangements. Actuaries often have the option to work either in a hybrid or fully remote capacity, allowing them to tailor their work-life balance according to personal preferences.

To become an actuary, a bachelor’s degree focusing on mathematics or statistics is typically required. Additionally, experience in the field and knowledge of coding or software can contribute to a successful career in this profession.

The demand for actuaries is constantly growing, with the Bureau of Labor Statistics projecting a 23% employment growth between 2022 and 2032. This growth rate is faster than the average for other occupations, indicating the increasing importance and need for professionals in this field.

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Apart from the attractive compensation package and flexibility, being an actuary is considered a low-stress job. With a stress tolerance ranking of 57 out of 100, actuaries have comparatively lower stress levels. Contributing factors include a standard 40-hour workweek and relative job stability, offering a sense of security and peace of mind.

In conclusion, the actuarial profession has gained popularity due to its combination of high pay, flexibility, and low-stress levels. With a projected growth rate higher than many other occupations, pursuing a career as an actuary offers a promising future. As individuals increasingly prioritize pay, work-life balance, and well-being, the actuarial field will undoubtedly continue to attract talent in the years to come.

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Dina J. Miller is an accomplished writer and editor with a passion for business and education. With over a decade of experience in the industry, she has established herself as a leading voice in the MBA community. Her work can be found in a variety of MBA magazines and college publications, where she provides insightful commentary on current trends and issues in the field. Dina's expertise in business and education stems from her extensive academic background. She holds a Master's degree in Business Administration from a top-tier business school, where she excelled in her studies and developed a deep understanding of the complexities of the business world. Her academic achievements have been recognized with numerous awards and honors, including induction into several prestigious academic societies.

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