Have you ever heard of actuaries getting laid off?

Yes, AIG was been steadily laying off employees in recent years, and some actuaries are among the casualties. However it's usually rare for actuaries to get laid off, and the ones who do can usually find new positions quickly. read more

Yes, AIG was been steadily laying off employees in recent years, and some actuaries are among the casualties. However it’s usually rare for actuaries to get laid off, and the ones who do can usually find new positions quickly. read more

He says that "most people who do that, become accountants" and that the job is extremely unstable, meaning if the economy fell into a recession, we would be the very first ones to get laid off. Not only that, but he also says that actuarial work is way too specific and I won't get hired anywhere. read more

I have found that there is more consolidation at the upper levels than analyst levels during consolidation and the following "reorganization". Very few actuarial types even typically get laid off. read more