It’s good to be aware of your opportunities. Take, for instance, your health. Experts recommend a yearly well-adult exam—it gives you a baseline for possible health improvements. You might find out you have high blood pressure and need to reduce your salt intake, or you’ve gained weight and the excess is putting stress on your joints. Whatever the outcome may be, what you learn is valuable to help you become the best version of you.
It’s the same with your actuarial career. The industry is highly competitive for hiring managers, and qualified professionals often command salaries of $120,000–$180,000 per year. Plus, you never know when positions may open up in your ideal working environment. That’s why it’s good to be aware of other opportunities available in your field, so you can have a good understanding of where you’re at currently and where you could be in the very near future.
Sometimes the grass is greener
“Testing the waters” every now and then in terms of your job prospects helps you verify you’re in the best situation—financially or otherwise—you can be. As the industry grows and expands, where do your earnings fall within the current standard salary range? What positions are available in different settings? Remember—there’s greater candidate demand than supply in the actuarial profession, so your future is largely up to you.
How to stay “in the know”
So how can you stay abreast of actuarial opportunities?
- Build a recruiter relationship. Staffing agencies, especially those that specialize in actuarial placements, often have access to top job openings. Many employers work directly with recruiters to fill positions that are never advertised to the public. By maintaining contact with a recruiter, you can stay informed of any potential job opportunities, or get help when you’re ready to look for something new.
- Visit job sites. Regularly perusing sites such as Monster and Indeed allow you to stay up to date on what’s available. They’re easy to navigate and you can get an idea of who’s hiring.
- Stay active on LinkedIn. Your LinkedIn profile is your living resume, and this popular social media site is often frequented by recruiters and hiring managers. It’s always a good idea to keep your profile up to date. This way, you can be a passive participant in your career development, and could be contacted if something is a perfect fit for you.
Looking for a senior associate actuary, valuation actuary or consulting actuary position?
Check out McGrath Systems. We help place qualified actuarial professionals with job titles like these, and more. To learn about our current openings and begin working with an experienced recruiter, contact us today!