One of those most common questions we hear from candidates starting an actuarial job search is
“How long will my job search take?”
While it would be nice to have a bona fide answer to this question, the reality is that it is fairly impossible to predict.
The actuarial job search process varies for everyone and there are a number of factors that will contribute to the length of an individual’s search. Based on experience, it’s fair to say that the process will likely take several months from the initial contact with a recruiter until the candidate officially accepts a new job offer. Every candidate has their own unique set of considerations that will affect the scope and length of their search.
Job Search Considerations
- Sponsorship or work permit restrictions
- Compensation requirements, or upcoming bonus payouts
- Project deadlines at their current employer
- Family considerations
- Unique/niche skill sets
As recruiters we like to set expectations up front as best as we can, however it can be difficult to do so in today’s competitive market. While the actuarial job market is very active, it is important for candidates to keep in mind that, in addition to their own personal considerations, there are also many factors that influence the search from the employer side.
- Priority business needs and/or project deadlines that take precedence over hiring
- Internal candidates
- Budget restrictions
- Business travel or PTO keeping decision makers out of the office
Our advice to candidates who are eager to begin interviewing and find a new role quickly is to limit the restrictions on their search, thus opening up the number of positions available to them. Keep in mind, though, the urgency on your side may not match the company’s, so be patient with the process. For individuals who are unable to relocate or who have a specific plan for their next job move, we encourage a similar patient approach.
Making a career move is not a quick and easy decision; it has an immediate effect on your personal and professional life, so it is understandable that you will want to set parameters on what you do and do not consider. Regardless of how actively you are looking, it is important to stick with the search process, even when it becomes lengthy and frustrating. The demand for actuaries is incredibly high, and the right opportunity will present itself eventually.
If you would like to start your job search today, please fill our our confidential registration form to be contacted by a DW Simpson recruiter. You may also want to browse our full list of currently available actuarial jobs.