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Product development actuary vs certified medical technician

The differences between product development actuaries and certified medical technicians can be seen in a few details. Each job has different responsibilities and duties. Additionally, a product development actuary has an average salary of $116,008, which is higher than the $38,859 average annual salary of a certified medical technician.

The top three skills for a product development actuary include FSA, administration system and SQL. The most important skills for a certified medical technician are patients, vital signs, and CPR.

Product development actuary vs certified medical technician overview

Product Development ActuaryCertified Medical Technician
Yearly salary$116,008$38,859
Hourly rate$55.77$18.68
Growth rate21%5%
Number of jobs102,481164,424
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 28%
Average age3944
Years of experience-12

Product development actuary vs certified medical technician salary

Product development actuaries and certified medical technicians have different pay scales, as shown below.

Product Development ActuaryCertified Medical Technician
Average salary$116,008$38,859
Salary rangeBetween $75,000 And $178,000Between $28,000 And $53,000
Highest paying City-Denton, TX
Highest paying state-Alaska
Best paying company-Favorite Healthcare Staffing
Best paying industry-Health Care

Differences between product development actuary and certified medical technician education

There are a few differences between a product development actuary and a certified medical technician in terms of educational background:

Product Development ActuaryCertified Medical Technician
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 28%
Most common majorMathematicsNursing
Most common collegeUniversity of PennsylvaniaUniversity of Connecticut

Product development actuary vs certified medical technician demographics

Here are the differences between product development actuaries' and certified medical technicians' demographics:

Product Development ActuaryCertified Medical Technician
Average age3944
Gender ratioMale, 76.2% Female, 23.8%Male, 20.4% Female, 79.6%
Race ratioBlack or African American, 2.9% Unknown, 2.9% Hispanic or Latino, 3.4% Asian, 16.5% White, 74.3% American Indian and Alaska Native, 0.0%Black or African American, 15.9% Unknown, 5.0% Hispanic or Latino, 14.6% Asian, 10.0% White, 53.8% American Indian and Alaska Native, 0.8%
LGBT Percentage18%8%

Differences between product development actuary and certified medical technician duties and responsibilities

Product development actuary example responsibilities.

  • Manage design control including FMEA risk analysis, surgeon clinical input documentation, design verification and validation activities.
  • Generate nutrition information and ingredient statements for each product, according to FDA and international labeling regulations.
  • Design and develop aircraft seal devices through engineering analysis, prototyping, risk assessment and appropriate qualification testing with customer expectation.
  • Manage the design, implementation and oversight of all insurance and reinsurancepricing functions and processes for corporation.

Certified medical technician example responsibilities.

  • Maintain the cleanliness of storage areas, trays, centrifuges, refrigerators, freezers and work area.
  • Administer medications to patients according to their medication record as scheduled, as needed according to physician orders.
  • Perform laboratory test and procedures in areas including chemistry, hematology, urinalysis, coagulation, serology, and bacteriology.
  • Perform first aid and apply CPR when necessary.
  • Perform first aid or CPR during medical emergencies until paramedics arrive.
  • Assist the residents in their ADL needs and prepare their meals.
  • Show more

Product development actuary vs certified medical technician skills

Common product development actuary skills
  • FSA, 51%
  • Administration System, 14%
  • SQL, 13%
  • Annuities, 11%
  • Life Insurance Products, 6%
  • Projection, 3%
Common certified medical technician skills
  • Patients, 17%
  • Vital Signs, 12%
  • CPR, 8%
  • Administer Medications, 7%
  • Resident Care, 6%
  • HIPAA, 6%

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