As we step into a new year, it’s natural to think about personal resolutions—but what about your professional goals? The start of 2025 offers a perfect opportunity to reflect on where you are in your actuarial career and evaluate if you’re on the right path to achieve your ambitions. Here are some key questions to help guide your planning.
1. Is My Current Job Aligned with My Future Goals?
Take a moment to think about where you want to go in the actuarial industry. Are you aiming for a specialized, independent contributor role with flexibility and remote options? Or do you envision yourself climbing the corporate ladder toward becoming a high-level manager or Chief Actuary?
Your aspirations may have evolved since your first job or college years, and that’s okay. Spend some time reevaluating your goals. A clear understanding of your future vision will help you make more informed decisions about your next steps.
2. Do I Enjoy My Work?
How do you feel when you log in or step into the office each day? Are you energized and motivated, or do you find yourself grappling with the “Sunday Scaries”?
Consider whether your current role and environment fulfill your needs. Ask yourself:
- Am I satisfied with my managers and colleagues?
- Does my organization align with my values on diversity, inclusion, and ethics?
- Do I feel valued and respected?
- Is my work intellectually and creatively stimulating?
Work satisfaction is about more than compensation—it’s about feeling challenged, engaged, and supported.
3. Does My Compensation Reflect My Experience?
Let’s talk numbers. Compensation isn’t everything, but it’s a key indicator of how your skills and contributions are valued. If you’re unsure whether your pay is competitive, take some time to research current salary trends.
A great resource for actuaries is DW Simpson’s website, where you’ll find an up-to-date salary survey tailored specifically to the actuarial industry. Understanding where you stand in the market can provide clarity and confidence, whether you’re negotiating a raise or exploring new opportunities.
4. Am I Taking Charge of My Career Growth?
Are you driving your career forward, or are you passively waiting for opportunities to come your way? Having a mentor can be helpful, but the ultimate responsibility for your progress lies with you.
Set a clear plan with milestones and revisit it annually to ensure you’re staying on track. By taking an active role in your development, you’ll be better equipped to navigate the challenges and seize the opportunities that come your way. Speaking with a DW Simpson recruiter can help you get an overview of the market and can help guide you to your next step.
5. Can My Current Company Support My Goals?
Assess your current position with an eye toward the future. Does your employer offer the growth opportunities, learning resources, and challenges you need to thrive?
Ask yourself:
- Are there clear paths for advancement within my organization?
- Do I have access to projects that push my skills and broaden my expertise?
- Will staying here help me reach my long-term career goals?
If the answer to these questions is “no,” it may be time to explore new avenues.
The Bottom Line
Your career as an actuary is a long-term investment, and like any investment, it requires regular review and adjustment. By taking stock of your current role, compensation, and professional satisfaction, you can set yourself up for a fulfilling and successful 2025—and beyond.
Remember, the actuarial industry is dynamic, and the opportunities are abundant for those willing to actively shape their journey. Here’s to a year of growth, learning, and achieving your career goals!
SUCCESS MATTERS – WORK WITH THE LEADING ACTUARIAL RECRUITMENT FIRM!
DW Simpson has grown to become the largest actuarial recruiting firm because of our consistent results. Over the last 30+ years, DW Simpson has placed actuaries at all levels, from C-suite roles to students, and in all actuarial disciplines. We are constantly growing and evolving as recruiters and industry knowledge leaders, with an eye towards becoming more effective, better educated, and continuing to drive success for our clients and candidates. For more information, visit our website at www.dwsimpson.com