Interested to know others’ thoughts: would you consider the actuarial profession to be recession proof? Do you think there are some tracks that are more protected than others? From where I sit, it’s hard to imagine a layoff of actuaries in my group (health consulting); we have more work than we can handle and are still actively recruiting.

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I used to work at WTW and don't believe we had layoffs during COVID (at least not my office). Also, more tenured folks said that they really weren't affected by the 2008 Great Recession. I do think insurance companies had layoffs during COVID. Maybe if you're in actuarial consulting you're safe. Especially since you said y'all have a bunch of work

Or has anyone witnessed mass layoffs of actuaries due to economic downturn? If so, what was the context? (Consulting, industry, etc.)

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