The annual Jobs Rated report conducted by CareerCast.com has ranked being an Actuary as the number one career out of 200 jobs.
The annual Jobs Rated report, which began in 1988, reviewed and quantified a wide range of critical aspects of the 200 jobs featured in the report and categorized them into four general categories that are intrinsic to every job. The four categories used were environment, income, outlook and stress. The data used to construct the report came from the U.S. Department of Labor and the Bureau of Labor Statistics (BLS), as well as using other data from other governmental agencies, trade associations and private survey firms.
The career of the actuary received an overall score of 123.00 and this was computed by taking into account the aforementioned categories of environment, income, outlook and stress. The environment score was calculated by taking into account the physical and emotional components of a working environment whilst the income score was calculated by adding the estimated mid-level income and the income growth potential. The outlook score was calculated by taking into account three occupational factors; employment growth, income growth potential and unemployment. The final category, stress, was calculated by taking into account 11 different job demands, including competitiveness, environmental conditions and meeting the public, and assigning them a range of points. The final score is then calculated by adding one third of the Income score, one third of the outlook score and a final third on the rankings in Environment/Physical Demands and Stress.
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