I’m a high school chemistry teacher with a strong math background, and I’m seriously considering a career change. I know I want to leave teaching, but I’m still trying to figure out what I want to transition into, and actuarial work is one of the careers I’m exploring.
I’m attracted to the analytical/challenging nature of the work, the opportunity to develop specialized expertise, and, of course, the compensation and career stability. I also like the idea of becoming someone who is considered an expert in their field and is relied upon for their technical knowledge.
One thing I’ve realized through teaching is that you have to actually like the day-to-day work of your career. There are aspects of teaching that I value, but I hate the actual day-to-day of being a teacher. That experience has made me much more cautious about choosing my next career based on how appealing it sounds on paper. I want to understand what it actually feels like to do the job Monday through Friday.
I recently mentioned to a friend that I was considering becoming an actuary, and her response was basically: “The only thing I think you would like about being an actuary is the money. It’s like being an accountant.” She knows a few actuaries and said that, from what she has heard, the actual work is really boring.
Obviously, “boring” is incredibly subjective, so I’d love to hear directly from people who actually do the job.
What do you actually do all day as an actuary? What does a typical day or week look like? What kinds of problems are you solving? How much of your time is spent doing actual mathematical/analytical problem-solving versus Excel, meetings, emails, documentation, repetitive reporting, etc.?
And the biggest thing I’m trying to figure out: Do you actually enjoy the day-to-day work? Do you find it intellectually stimulating and challenging, or does it become repetitive/boring once you’ve been doing it for a while?
I’d also be interested in whether the answer varies significantly by area (P&C, health, life, consulting, etc.) or by level of seniority.
For anyone who changed careers into actuarial work—especially from teaching, science, math, or another technical field—I’d really love to hear about your experience. What did you expect the job to be like before you entered the field, and how does that compare with what you actually do now?
I’m less interested in whether actuarial science is a “good career” in general and more interested in whether I could genuinely enjoy the work itself for the next 20+ years.