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End of the Line for Actuaries?

  • 06-08-2015 4:18pm
    #1
    IWJ
    Registered Users, Registered Users 2 Posts: 100 ✭✭


    Was talking to a friend (not sure how informed he actually is on the matter) about future prospects for actuaries and a point was brought up.

    Since more and more people are qualifying as actuaries, in the (near?) future supply will either match demand or exceed demand altogether. If this happens, what do people think will happen to the profession in terms of pay, security and prestige?

    How possible is that the demand for actuaries will grow at a rate faster than the rate at which actuaries are qualifying these days?

    Thoughts from peeps in similar fields?


Comments

  • #2
    jimmycrackcorm
    Registered Users, Registered Users 2 Posts: 14,378 ✭✭✭✭jimmycrackcorm


    Where I work there is a turnaround in actuaries leaving for new jobs so I guess there is a demand.


  • #3
    fret_wimp2
    Registered Users, Registered Users 2 Posts: 1,905 ✭✭✭fret_wimp2


    People with an actuarial skillset (instinctive mathemathics and its application to real world business, ability to deal with stress, overall clever people) will never be short of work.

    Trained Actuarys, if not doing actuarial work can easily turn their hand to a myriad of other fields so even if they are not actuaries they will still generally have well paying jobs. That said, I dont think the market is saturated just yet, its a high stress, high pay job with lots of turnover due to both those reasons so there will be a demand for the foreseeable future.


  • #4
    actuar90
    Registered Users, Registered Users 2 Posts: 242 ✭✭actuar90


    I think it's probably at the graduate level the biggest problem is, with all the colleges that are currently running actuarial courses I don't envy those graduating and fighting for jobs in the next couple years


  • #5
    fret_wimp2
    Registered Users, Registered Users 2 Posts: 1,905 ✭✭✭fret_wimp2


    actuar90 wrote: »
    I think it's probably at the graduate level the biggest problem is, with all the colleges that are currently running actuarial courses I don't envy those graduating and fighting for jobs in the next couple years



    Its the same in IT, if you have 5+ years experience, you will never (in the current climate) be out of work. But if you are fresh to the industry with just a shiny degree/masters securing that first role becomes hugely difficult.


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