Once upon a time I had this idea that I could become a professional science fiction writer and earn enough money for buying reasonably much stuff (for surviving, for example). Unfortunately, I found out that it’s not realistic at all to assume that I could live from writing science fiction stories alone (even though authors, writers and editors in general have an acceptable income). Well, unless I move to a country where it is very cheap to live. So, even if I stuck to the 10 laws of good science fiction and wrote a lot of science fiction stories and novels, I would probably still have to live on welfare.
Therefore, I had to look for a more reasonable source of income. Consulting sounded interesting, but I would probably have to work the whole day in that sector. A similar argument also speaks against becoming a professor. That’s why I took a deeper look at the professions that are available to mathematicians which are sufficiently interesting and attractive and allow me to have a reasonable amount of spare time. Of course, a job as general mathematician would be okay, but there aren’t too many really fascinating jobs for mathematicians in business sectors outside of banking, insurances and consulting. As I already mentioned consulting doesn’t sound like a good option for me. From my point of view, banking jobs don’t seem to be really interesting, so what about mathematicians in insurance companies?
Often insurance companies look for a mathematician/actuary. “What’s an actuary?” I asked myself. An actuary is something like an economic risk management mathematician. Yeah, that sounds interesting enough to me. I don’t know why exactly. Somehow in my mind the job creates associations with existential risks and the possible impacts of the Singularity on insurances and stuff. Anyway, all the job descriptions for actuaries that I have read sound rather interesting, at least compared to other jobs in insurances. And as highly qualified specialists their payment is good, with a median income of about 85000 $ in the USA. In Germany they earn 71500€ a year on average. There are some statistics about the median incomes in the USA when including all the bonuses:
- Initial payment: 82873 $
- After 4 to 6 years: 122906 $
- After 8 to 10 years: 183951 $
- As Actuarial Fellow: 223437 $
But one of the most important aspects of that job is that actuaries don’t have to work terribly long, so I would still have some time left for writing science fiction stories.
The option of relying on welfare on purpose in Germany is not attractive at all – especially since the Hartz IV reform. There are already stories about people not getting any welfare anymore, because they reject the job offers they get assigned to from the bureacratic apparatus.
To sum it all up, it looks like choosing a “standard” specialist job is the best option for me; which feels somehow weird, because in theory I would prefer a non-standard occupation. However, having an attractive job perspective feels pretty motivating.















