Chief actuary salary reddit 5 years experience, £70k base, GI consulting, qualified actuary Market rate is more like £75k+ base for a qualified GI actuary, but my firm pays less because they haven't yet realised this will adversely affect the business in the long term. Haven’t worked overtime yet (1 YOE). Posted by u/Embarrassed-Plum-468 - 299 votes and 145 comments Posted by u/Tasty-Background6019 - 51 votes and 47 comments 14 votes, 32 comments. Topics of interest could be IFoA related (particularly studying to qualify) and discussion of the roles actuaries hold within industries such as pensions, insurance Hey all, I'm fishing for some more opinions. Topics of interest could be IFoA related (particularly studying to qualify) and discussion of the roles actuaries hold within I work in aviation meteorology in a government. No need to compare FCAS with FSA, you only need ACAS +7 to be called as an actuary, hence making you eligible for signing SAO in US and its equivalent in Canada. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and Basically every P&C company participates in Verisk/ISO stat data sharing, many times I would communicate with chief actuaries. Salary for exempt EA supporting CEO. Or check it out in the app stores Always blows my mind the chief actuary at the Texas DOI makes like 170k. Hours of different actuaries? I’m at 2 - 7 years as an actuary getting paid 180 and working 45-55 hours depending on the week. Or check it out in the app stores getting a position that pays more than a Chief Actuary is likely harder than passing FSA/FCAS exams 100 times in a row and winning the mega-million jackpot. Can we get a 2022 salary survey going for those comfortable sharing? It feels like it’s been a while since we did one. A very top underwriter (CUO or class underwriter in the lloyds market) will probably earn more than any actuary apart from a chief actuary. A new FSA should already be at that ~$140k salary. I feel like I see my bosses working late/weekends constantly and while I'd be ok with that later on in family life, I don't think I'd want that when first starting a family. Currently working in non-life (P&C) consulting. Visit PayScale to research chief actuary salaries by city, experience, skill, employer and more. Heads of roles around 160-220k base. And I think the retirement benefits are only really good in places that still offer a defined benefit (35 years experience * 2% per year of service * final salary = your 70k I assume). though it depends on the company. You're not going clear 300k base salary unless you're a chief actuary. 2024 Yearly Salary Thread (Responses will be Collected) 244 votes, 147 comments. 15+ yoe Chief actuary roles will be above 400k. Question about actuarial salaries Where did you get the info on chief actuary salary? I have seen a couple of folks mentioning $1M+ but have never seen a “proof” of that If the Chief Actuary’s boss is making like 15M per year you’d assume the Chief Actuary is I know I will pursue further education or experience to catapult my career. The opposite switch is far more common. Reply reply more reply More replies. “In the very broad spectrum of actuarial roles, the typical salaries are around £110k in the UK, whereas a pricing actuary working in the Lloyds market should expect £150-180k,” he says. I have seen ACASs reaching the level of chief actuary. View community ranking In the Top 10% of largest communities on Reddit. Or check it out in the app stores Go to actuary r/actuary. Reply reply A subreddit dedicated to San José, California, the heart of the Silicon Valley. The prior one went to London for a Reinsurance trip, but I'm not aware of a large amount of travel outside of that. Do you guys have any tips for a steep career path? I want to earn a shit ton of money and I am not hesitant to leave Germany to work in other countries to maximize my income. You probably won’t be a chief actuary as an ASA but you probably aren’t aspiring to that. reddit's new API changes kill Also, their comp is incentive based, the salary surveys focus on salary, not bonus. Recruiting coordinators of Reddit, what do you talk about during your 1 on 1 View community ranking In the Top 5% of largest communities on Reddit. My starting salary is about $74000. Head of talking 120-200k base and then for anything over 200 The UL reserve issue was a combination of a big shot Chief Actuary from E&Y that came in early 2009 to a company that almost went under during the financial crisis and wanted clear answers from our Asian UL valuation leader that was Which has better job growth, salary, and workload? Get the Reddit app Scan this QR code to download the app now. We do 3x 7-19h day shift, then 2x 19-7h night shift, then 4-6 days off. I didn’t see the exam raise in the letter, so I will have to ask about that. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. I won’t ever be a chief actuary. Normally only 1 of these at a company. A Senior Consultant, I'd guess. Shit, I got a final interview with them last year but denied their salary offer not because their salary was low but their bonus was extremely low for such for profit company. Reply reply CheapSpray9428 • TIL Texas ain't got no personal income tax, rub it in will ya! I can hold my own in meetings with the chief actuary. gle. bide your time and wait for an opportunity to jump to a chief actuary Get the Reddit app Scan this QR code to download the app now. 2% in year 1, 4% in year 2, and 6% for year 3+ are their bonus structures for ASA level consultants. true. Although if you have a little ambition it's definitely attainable. We used to work 4 ft from each other lol. One of the reasons I was really drawn to the actuary field (other than the pay) was the concrete exam process for salary progression. London GI Qualified 2-4yrs has not really changed much. They are classed as a 'student actuary' so that pay is decent for the UK. The base salary is $65000, incentive pay is 7% of annual base salary, and other benefits such as insurance and 401k. 363 votes, 62 comments. such as Chief Actuaries, can command salaries anywhere from $200,000–$500,000, depending on company size, location, and role. Thankfully I have a good job and we are hoping he can move up on salary fairly quickly. Reply reply larrythetomato $150k salary $50k housing $15k 401k match $30k-$45k bonus $10k relocation budget The housing is not “use it or lose it” so his package is comparable to a $200k base salary. Before I decided to seriously pursue being an actuary I was seeing numbers like 300-400k base salary for FCAS being possible, but after more research it I moved here a few years ago, fresh out exams. Or check it out in the app stores Interviewing for EL and “Why is your GPA so much lower than a lot of the other applicants we’ve gotten?” from the chief actuary at the time definitely caught me very off-guard. Either you're overpaid or I'm underpaid. Go to actuary r/actuary. 1 actuary leads the case, and depending on the size of the case, it can be 1 actuarial assistant or 2. com reports that pay typically ranges from $308,460 to $421,740, with most professionals earning between $262,309 and $478,725. Hey friends, after 10-15 years in the industry. com reports that pay typically ranges from $312,994 to $427,336, with most professionals earning between $266,723 and $485,166. Reply reply [deleted] 45 votes, 40 comments. I've seen many senior actuary roles (not manager positions, just senior qualified) going for £110-130k The average salary for posted actuarial jobs was $129k. Edit Every actuary whose total comp I know indisputably (ie im not guessing) with > 10 year of exp. It very much depends on roles and abilities. A place to discuss being or becoming an actuary in the UK. Back then the first 5 exams made you an ASA In P&C an IC will top out around 220-280 total comp, which is great money on a stress to pay ratio, but some people want to make more. He will have potential for overtime (not sure how much) and got a 2500 sign on bonus. 36 votes, 43 comments. i think unless you have a deep fascination for german culture and want to become fluent, it could be a difficult option. I have a small-to-medium sized team, salary around $180K and total comp around $250K. I got hold of some salary research in my country and analysts currently studying salary ranged from $70k-$100k with one year and 10 years experience respectively. Now a days thats not the case. However, it will be harder to reach the same salary as fellows, at least in more "junior" fellowship roles e. I once heard of an actuary on the consulting side that made roughly 700-800k a year. 45K subscribers in the actuary community. This guide provides a deep dive into salary expectations for actuaries, and CAS actuaries in particular, and explores how factors like exam progress, credentials, industry, and company Every year I think I'm overpaid, and every year they give me more money. Or check it out in the app stores Chief actuary is far enough off that you'll have plenty of time to pick up reserving experience without stepping back into an IC role, especially if/when management has you in mind for the chief actuary job. Actuaries are a business role with some math knowledge. Doing pretty good, imo. 2024 Yearly Salary Thread I'd agree with loveactuary21 - if you are in a decent Lloyds syndicate, then 140-170k with 30-40% bonus is probs about right. . Qualified actuary (FFA, UK equivalent to FCAS/FSA) with 11 years experience. Once you make it to C-suite (Chief actuary), your total comp could jump to 1m-3m level depending on various factors; c-level salary info are public info for publicly traded firms, so you can Most credentialed actuaries will have a ceiling at mid to high $100Ks. Subreddit for actuarial professionals, students and interested (innocent) We would incorporate advice too but just our chief actuary, not the non-actuarial officers. There are senior executives at other companies that started in technical roles (e. is easily over 200k. Salary information for the chief actuaries of all publicly traded US insurers (and many mutuals) is publicly available, suffice it to say it can go way higher than the graph's upper bound of 600k. In addition, you will fly around for client meetings (less exciting than it sounds), reinsurer meetings (alot of those are in Bermuda), and plenty of dinners/happy hours in between (pre covid anyways). Goodman Masson did a 2022 salary survey with some good analysis of pay at each level. since we have our schedule in advance, we can plan accordingly, and the 4-6 days off gives plenty of time to live our normal life, although we can be tired on the first and second day of the first 4-6days off. Referencing a different thread where all of reddit actuaries are upset about not having scheduled bathroom breaks for a 4hr exam There could be many reasons to this but location & salary could be one factor. Subreddit for actuarial professionals, students and interested (innocent) bystanders. Or check it out in the app stores TOPICS A place to discuss being or becoming an actuary in the UK. Within 3 years, due to some luck with people leaving and doing a good job, I somehow ended up in a chief actuary position. ). by comparison somewhere like switzerland has a much higher proportion On the lower end, there were a couple entry level managerial positions and even a chief actuary job at a small company. Previously worked in the direct and reinsurance P&C environments as well as a stint in an investment bank working on ILS. If you make it to VP / Dept Head / Chief Actuary you could easily be in the 400k-600K range. Of the 646k I made, about half goes to me in some form and the other half goes to the practice. Once you get into that range, the extra stress and responsibility starts to become worth the marginal pay difference imo. SVP/EVP Chief Actuary ~ A lot Lots of luck, ambition and hard work to get here. All are interesting. This company doesn’t pay a housing allowance but does have some great perks. I came from a couple of small insurance companies. " This is also a Posted by u/EmuIntrepid7374 - 22 votes and 34 comments 47 votes, 22 comments. Please mention years of experience, number What is the Actuarial job market like in Australia? Ridiculous oversupply at the graduate level. Would think these are I've seen people share summarized info or anecdotal points about salary growth on this subreddit but I can't recall any post that outlines it from intern to FSA, so here is my The average salary for a Chief Actuary is $259,638 per year in United States. Chief actuary and appointed actuary are significantly different. £70k (Life) or around £75k if GI (plus the broader package). So I’m limited in my future career growth. Or check it out in the app stores and the Actuary placing a financial value to each of those buckets. All levels of the actuarial department invest heavily in our students exams. 2024 Yearly Salary Thread (Responses will be Collected) forms. VP Actuary leads the actuarial PRT team. Or check it out in the app stores base salary EL 2 exams (0-2yrs)-> 70-72-75k 3 exams (0-2yrs)-> 72-75-80k chief actuary factor = 2. g. I found data science work to be far more interesting than actuarial work. 83 votes, 128 comments. Subreddit for actuarial professionals, students and interested (innocent) The estimated total pay for a Chief Actuary is $259,638 per year, with an average salary of $174,478 per year. Actuary salary ceiling . Posted in View community ranking In the Top 10% of largest communities on Reddit. For your first job, don't worry too much about your salary although you should be getting 70k minimum (exposure to different types of work is way more important). Base Salary: $158,592 | Bonus: $41,018 | Total Compensation: $201,681 : 0: 50,000: 100,000: rating agencies, bureaus, and state insurance Just enjoy your 20s and make that money with way less work in another 5 years, and then double that later as a partner/exit to executive actuary. Salary depends a lot on location, but I think you’ll find actuary salaries worldwide are fairly generous. That is not a livable wage in the city we will be living in. But overall, appointed actuary should be viewed as a fellow with at a minimum of 6 yrs of experience. Even 450k annual is not great. 6mil in 2013 (only year of public data I Base salary in the neighbourhood of $260k plus profit share arising from my accounts. but that is not representative of the average actuary salary. Subreddit for actuarial professionals, students and interested (innocent) With investment banking you'll be making 6 figures within the first couple of years. I was fortunate to get broader exposure because I was willing to do so (finance, product, implementation, marketing) but in larger firms i agree you probably only get exposure to like 2 Go to actuary r/actuary. GI Pricing vs Reserving vs Capital but heard reserving is better if want to progress onto chief actuary role vs pricing thus tilting the demand-supply balance and salary range. I’ve never gotten more than a 3% increase YoY and am above the highest dot on the DW survey with never changing companies. Would be earning a lot more then 200k now. I’ll be taking your questions for Also, Make sure that in your welcome speech that you state clearly that your goal is to be Chief Actuary in 5 years Reply reply No_Particular4266 Posted by u/simplyjack21 - 14 votes and 41 comments Do you expect your chief actuary to decide on market adjustments without talking to some of the big-name actuarial recruiters? Be careful that you don’t show the boss a survey that indicates a 10% raise for you when the boss is already considering a 20% raise based on some other info. Traditional expat packages (paid in home country currency) are a thing of the past, salaries are paid in local currency 99% of the time. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. I’m 3. Per the NYC city website : Effective November 1, 2022, the NYC Human Rights Law requires employers to include a good faith FSA / ASA stigma is a thing of the past, not the future. The average salary for an Actuary in New York, New York is between $85,019 and $209,200 as of January 01, 2025. Chief Actuary opening in IL, GA, NC, CT, NJ, or NY. Salary ranges can vary widely depending on the actual Actuary position you are looking for. So someone qualified 5 years in will earn more than you 5 years in, but 15 years in if you’re in similar roles I expect the salary would be more similar. r/actuary. But yes the average senior actuary not in an executive or senior management position probably makes about 150k to 200k all in. 35 votes, 12 comments. 4 days on 4 days off. Probably just depends. Reply reply I am now starting my actuarial career at a big German insurer. Hi all, I'd say that's a ceiling. It used to be very common (10+ years ago) that it you didn’t get FSA you were being held back. Ask me anything. g For some reason I was under the impression that actuaries can make $300k+, but after reading a lot of things here it seems like there is a salary cap around $150k. Chief Actuary, but would arguably be content as upper level manager. There are a ton of levels to move up at big companies. You could make a 6-figure salary at my company as a competent FSA individual contributor. Chief actuary can reach 400k total comp, esp at the bigger firms. As an actuary you’re virtually guaranteed a six-figure salary after getting your credentials which is entirely within your hands, whereas a lot more accountants get stuck in the $60-80k range if they aren’t able to get those promotions. With my manager peers, HR, and my chief actuary, student study hours, pass rates, and support are a regular discussion point. I'm considering 65k a low-end entry level actuarial salary and 200k as a reasonable top-end FSA/FCAS non-management salary. An FSA making 100k should have a very easy path to +$36k salary increase, but not due to the MBA. Among all US individuals working at least 40 hours a week, even your entry level salary is in the top 40% of earners. This is a terrible situation and I feel for you guys. The idea is still fine I'd just adjust the figures as a median paid FSA trying to get another $36k now sounds more trying. Regardless of what grad job you take, you should be able to earn 6 figures after 2-3 years of work. Or check it out in the app stores the Chief Actuary for the Centers for Medicare & Medicaid Services (CMS) is an ASA. 25 executive factor = And stop associating a YoY salary bump with being underpaid. 48 votes, 57 comments. comments sorted by Best Top New Controversial Q&A Add a Comment. At about 2-3 years of experience there is a chronic shortage of candidates with relevant experience. FIA = a bump to the manager grade and c. Serve on C-Suite team; manage actuarial staff involving pricing, reserving, and other . Just wanted to say that the Fed chief also earns a respectable 190k a Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. In general, peak of professional achievement for an actuary in insurance is Chief Actuary, and for an actuary in consulting is to become a partner. 47K subscribers in the actuary community. Really? Is this monthly or annual? 250k annual is pretty bad otherwise. Chief actuary is a job title and therefore varies greatly company to company. The salary for the average person working in Fixed Income Investments will be higher than almost any actuarial role per year of experience you have (outside of Chief Actuaries). Subreddit for actuarial professionals, students and interested (innocent) r/actuary: Subreddit for actuarial professionals, students and interested (innocent) bystanders. That happening as an actuary is the exception, not the rule. Shifts are 12 hours, 7-7. Salary. 91 votes, 193 comments. I’d actually like to see a social experiment where twin brothers move to London, one dedicated to actuarial exams and pursuing success the traditional way, the other spends all his time working out and learning about how charisma and influence work while seeking out women with enough money that the right marriage or even divorce could set him View community ranking In the Top 10% of largest communities on Reddit. I do aim to become a Chief Actuary in life. i know at least two anglophone actuaries who have done stints in munich for you-know-who and neither of them stayed longer than about 18 months. yeah I'm sorry but your "points" aren't exactly clear. Subreddit for actuarial professionals, students and interested (innocent) Most student actuaries go by either actuarial assistant or actuarial analyst, whereas qualified ones will be either actuary, senior actuary etc I think freshly qualified actuaries can expect to make somewhere between £50-70k, and chief actuaries upwards of £120k. 49K subscribers in the actuary community. I very much don't know any work that provide the stability, the salary, and good work It gets tough during exam seasons but it's bearable. Obviously, investment banking will definitely top out higher. Subreddit for actuarial professionals, students and interested (innocent) Get the Reddit app Scan this QR code to download the app now. View community ranking In the Top 5% of largest communities on Reddit. I'm a minimum level manager right now and the work life balance is pretty great and the salary is solid. Once again the difficulty is in getting the job because there are 100+ people all equally credentialed applying for a The Average Salary is shown below. 5 to 3 years experience and 4 exams passed (when it used to have 5 exams and FAP and APC to get ASA). A lot of districts have moved to the same essentially 401k most employers do. Private sector and NWS entry jobs start right around 30-35k, It is odd for an actuary to become a CFO, but typically the chief actuary of an insurance company is a vice-CFO or something of that nature, and reports to the CFO. The title just sounds sexy. /r/SanJose will be going dark between 12-14th June in protest against Reddit's API changes which will kill 3rd party apps like Apollo, Reddit is Fun, and BaconReader. The old chief actuary was 35 and he left to co-found a start up reinsurer here in Bermuda. I think our company has 11 titles for actuaries between Chief Actuary and analyst. In high end IB or Google etc it will pay more. He is in marketing. Some of that pays my boss' salary (he's selling business vs. Our rent is over 2k/month. recent job posting for Lead Reserving Actuary or Senior Actuary had the minimum salary as 200k whereas some actuarial director positions at another company have the salary range of 120-140k. new FIA. However, CAS has its flaws. I was surprised to find out that the salary here was actually comparable to accountant's/auditor's one. e. I began my career as an actuary, moved into a DS role, led a DS&A analytics team, and now am in a Chief Risk & Data Officer role that combines the two. My wife works in tech and has one of those equity packages that actuaries usually don't have and tend to be jealous of (it's a few multiples of her salary). The Swiss cost of life is incredibly high and the salaries need to follow (strong demand on Swiss Frank in the weak economy days so it's said to be overvalued by 30-40%). My managers work 40-50 hours and sometimes work on weekends as well. All London market p&c Reply Life actuary, been living in BDA for a few months and can offer my two cents: Newly qualified salary in p&c will differ between industry and consultancy. Will be the President's right hand in strategic decision making for the company. I am a licensed financial professional (Series 7 + 63). I'd say majority of actuaries cap out at senior actuary level so capping out at 120k. 55 votes, 58 comments. Definitely a lot more that goes into it, but this always helped me set the two apart! Really good question, hope this helps 2024 Yearly Salary Thread (Responses will What is the Average Salary for an Actuary? Actuarial salaries vary based on experience, location, and credentials. He must have told me from his perspective though. By control, I mean the people in power (from Chief actuary, CFO, to CEO) are pretty much all actuarial science grad from Laval. both cited difficulties in adapting to life there. The chief actuaries didn't travel extensively. 3-4 people, you might be able to compete with a chief actuary managing a department of 30. My point is that people making high 6 figures are not actuaries, they are senior executives. There are actuaries (FSAs) that report to the VP and they are a mix of Directors and Associate Directors. Stopping at ASA Ceiling for your salary I’ll give some comments for my rationale. I don't think I've seen an individual contributor associate making this much in the base though. 24 votes, 32 comments. Pay in software engineering in financial services is at least as good as actuarial work. Subreddit for actuarial professionals, students and interested (innocent) I had your same salary with 2. Hi, I’m Steve Goss, Chief Actuary at the Social Security Administration. Your 4 exams passed in current 7 exam structure is probably like 3 exams passed in old days. The syllabus is not updated for upper level exams. Idk a single chief actuary in life making 400k or 500k most are in the 1m+ range. His salary is 46k. Subreddit for actuarial professionals, students and interested (innocent) Total US population shown below. billing hours, so his billable hours probably do not cover his salary much less bonus), and some of it goes to running the company (IT costs, the admin shared across several practices, etc. Also if you do get into that 500k+ area. How to advance to a specific role: Reserving Actuary/ Chief Actuary/ Finance Director How to negotiate salary/is it a good idea right now? How to solve a specific problem How to pass exams How to deal with colleague issues How to get on a project in general, or a specific project 179 votes, 56 comments. As a broker actuary, you will talk to client actuaries (more likely than not the Chief Actuary and heads of various LOBs) and reinsurer actuaries. Every quarter I had to explain to the chief actuary, the CFO and the chief underwriters why the business was performing poorly, or why it was doing well, and advise on what actions they could take to improve loss ratios. Those first 2 exams were worth $300 in salary; the next 3 were worth $500. 200k is in the top 5% of all income earning individuals. There are a lot of benefits aside from base salary. Second, every professional occupation has a ceiling that affects 99% of the people in that occupation. Your salary if not qualified will converge with a qualified salary over time, IMO. The average salary for a Chief Actuary in United Kingdom is £150,754 in 2025. AVP pricing: deliver product pricing, profitability analytics and reporting to drive new business decision making and new product development. notgoingtobeused • r/actuary • Salary Survey - Cleaned Data. I would stop using the word "actuary" at this point. 61 votes, 106 comments. 17 votes, 26 comments. reReddit: Top posts of September 5, 2019. Hi folks, I wanted to see how the salary is for Life and P&C actuaries in Canada. I used to be at 3 and was doing 40-50. I’ve seen resumes come through with chief actuary on them that we’re not credentialed. Can obviously go higher if decent performer and make chief actuary or someone senior on the underwriting side if go down the pricing route. Exams 5 and 6 are offered twice a year. If you go on to become a chief actuary, then could make £200k+, with obviously the bigger the company, generally the larger the pay. $129K for roles not eligible for remote working Very little difference between FCAS ($181k) and FSA ($177K), and ACAS ($134k) and ASA ($129k), implying there's not a big difference between the two societies when it comes to salary On every major salary survey there’s always a sizeable proportion of those with a lot of experience making that money and more. I don't know if it's really the case that only 10% of FCAS in the 7-10 yrs exp. What is the salary range of Chief Actuary? As of January 01, 2025, the average annual salary for a Chief Actuary in the United States is $363,817. Some roles only qualified actuaries can hold though, eg “Chief Actuary”. The total cash compensation, which includes base, and What is the salary range of Chief Actuarial Officer? As of January 01, 2025, the average annual salary for a Chief Actuarial Officer in the United States is $359,150. I've seen this range as a base salary for FSA roles. Actuarial salaries in London but in Lloyds a newly qualified would be roughly £85-95k base with a 20% bonus. Compensation Survey (from r/actuary) forms. While that is in fact true, after working for about a year now and seeing that actuaries cap out at somewhere around 200k to 300k close to retirement (California), I am just curious as to what other opportunities an actuary or person with actuarial experience can pivot to break that barrier aside from being a chief actuary. Chief Actuary: lead of team of 12 responsible for all the analysis and decision making for their business. Appointed actuary is the individual who signs the statement of opinion on the companies reserves. engineering) and hold credentials (e. I imagine they’re on £150k+. Posted by u/sophomoreinmath - 28 votes and 15 comments 202 votes, 29 comments. You did get inflation adjustment in your salary already. Underwriting is Started at 82. Remote roles have average salary of $120k vs. professional engineer), but you certainly wouldn't include them in a salary survey about the engineering profession. 19 votes, 61 comments. But, what others may not mention is that there are new opportunities that may come up. I typically make over ~$70k (with very good benefits, especially retirement) but it's highly variable on bonuses. I just left such a company and the head of my division was the Chief Risk Officer who used to be the Chief Actuary before that. AVPs & chief actuary’s schedules are completely filled with meetings and they seem to always work on weekends. If your goal is to work up to being a CFO, above all else you need to get an MBA Pay in GI is probably around £75k base for NQ and grad is maybe £30-35k. In about 3 years I will have the actuary title. However, net salaries in HK and Singapore are largely in line with the UK / US. Click here to see the total pay, recent salaries shared and more! The base salary for Chief Actuary ranges from $312,994 to $427,336 with the average base salary of $363,817. Making $400K and above is for Chief Actuaries at larger companies and we're seeing more and more Chief Actuaries take Lead actuary P&C roles in mid COL, mid size company will get above 300k all in (short term and long term incentives). Altho depending on experience level, I've seen chief actuary roles go to people with 10 years experience and a 100k USD salary ( think that's slightly on the high end) . [that said, you would still meet many Pricing/Capital people in high pay job) View community ranking In the Top 5% of largest communities on Reddit. My younger brother is already in Dubai (not an actuary) but he told me I should not bother coming to Dubai for anything less than 50k a month. Topics of interest could be IFoA related (particularly studying to qualify) and discussion of the roles actuaries hold within industries such as pensions, insurance, investment, governance etc. On the senior end probably more variable, but if you stop after becoming a senior manager, then probably top out at maybe £110-120k + bonus. Even Chief actuaries at large companies are around 300k base with a 300k+ bonus actuar89 • I work at a fairly large life insurer. “Typically a chief actuary operating in the London insurance market will demand a basic salary of anything between £150k and £240k,” adds Sangha. Or both. 42K subscribers in the actuary community. Subreddit for actuarial professionals, students and interested (innocent) What is the average salary like? It's probably changed since I applied, but I was told entry-level weekend meteorologist positions for broadcast make barely above the poverty line. Or check it out in the app stores TOPICS I’m married to another actuary. It’s fully remote. The discussions in this reddit should be of an academic nature, and should avoid "pop psychology. At my last company, my chief actuary chose to travel only for Actuarial Conferences. Im currently a college senior and I will be starting with an insurer after I graduate, with a salary in the high 60 range. BTW: Salary for meteorologist start at 50k but very rapidly rise to 80k, and 100k after 6-10 years depending on the country. But you are not going to keep getting 5% pay increases every year. It may not be the best job in the world but I haven’t seen an actuary be completely discontent with the work they do. Moving up from mid-career plateau . You can be the best actuary, working for the best firm, with a 10-20 year track record. 2024 Yearly Salary Thread (Responses will be A place to discuss being or becoming an actuary in the UK. There is salary potential far north of $125k in both. (manage a team, chief actuary, manage a product line, CEO)? Both actuaries and underwriters have good paths to upper management in an insurance company, although underwriters may have a somewhat easier path. A good friend of According to this salary survey by Goodman Mason, these were actuarial salaries in 2016: This is the most up to date survey: Tbf it seems like salaries are growing a bit at the junior end, but the qualified and senior qualified levels seem to have not changed much - i. That said, in dutch company culture for most roles an MSc is sufficient to work at actuarial departments as “actuary” (even thougg technically you arent one). You communicate with basically every single state department of insurance, yes- their insurance commissioner. In my experience, the challenging part in reserving is “telling the story”. Actuarial Careers Salary Survey Reddit 2022 Study Program Survey Results. The chief actuary for a large insurance company can earn over 200k. In the middle were a couple of FCAS individual contributor roles. Or check it out in the app stores and compared it against existing salary surveys from Ezra Penland, Actuarial I can't speak to its program, but Laval grads effectively control the top 2 P&C carriers (25% market share) here in Canada. I was talking to our VP about merit budget, and specifically told him It is a sensitive, but important topic and as I'm about to finish my university degree and start to work as an actuary, I would love to receive Compensation varies so much too. are below $121k, I have a suspicion it's more than that due to the number of What is the salary ceiling for a qualified FSA actuary with say 10 years experience? For individual contributors only? Get the Reddit app Scan this QR code to download the app now. This school is also known to produce the largest number of (P&C) Chief Actuaries in Canada. You're working a lot more than 40 hours a week. Reddit . Subreddit for actuarial professionals, students and interested (innocent) As a canadian actuary, I regret every time I see a salary post on reddit, otherwise, it’s nice most of the time. Only for specific roles, like signing off the technical provision as account or as Chief Actuary the AAG title is really required. Or check it out in the app stores 200k+ before tax is what they pay chief actuaries the 1000£ a day normally means you are a part-time consultant working Senior is probs capping around 120 maybe 130 and to make more than that need to be in a head of role. Our chief actuary cleared $1. You're approaching high level management and *most* actuaries probably won't reach this level. There is truth to that. We also recently placed a FCAS with 7 years experience, with a base salary in the $180-190k. Get the Reddit app Scan this QR code to download the app now. Search Chief Actuary Jobs the United States An average actuary will earn more than an average underwriter, as pointed out by u/loveactuary21. Currently I have 1 exam passed and am sitting for a second. 5k base salary & 3 exams passed Progression of base salary went (each year is its own line) as follows: 95 110 120 150 (new job) 155 -> 180 (mid year raise because I threatened to leave) 220 (another big raise due to my importance and they were still worried about me leaving) 230 -> 300 (new job) What is the salary range of Chief Actuarial Officer? As of January 01, 2025, the average annual salary for a Chief Actuarial Officer in the United States is $359,150. It seems rather widely accepted that actuaries make good money and after all the prescribed bonuses and raises it seems like I would only end up at around 100k once I'm an FSA and while its high it doesn't seem as high as the actuarial surveys show. Senior candidates at best could hope for assistance and schooling but this is also rare unless at Chief Actuary level.
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