Yes it is. It represents our career.
I have Scorpio midheaven 2' degree.
http://www.astrotheme.com/files/astrology_professional_destiny.php
Since your energy, your power of action, and your creativity are intense, you can be successful in the following areas: any occupation in the police and the military, miner, volcanologist, engineer, atomic scientist, scientific researcher, computer designer, surgeon, gynaecologist, sexologist, psychiatrist, psychoanalyst, dowser, astrologer, occultist, medium, clairvoyant, mystic, corporate manager, banker, financial counsellor specialised in stock exchanges or investments, funeral director, as well as politician leader.