Chief actuary salary reddit. I'd say that's a ceiling.

Chief actuary salary reddit I don't think I've seen an individual contributor associate making this much in the base though. I used to be at 3 and was doing 40-50. A Senior Consultant, I'd guess. Your salary if not qualified will converge with a qualified salary over time, IMO. I won’t ever be a chief actuary. Subreddit for actuarial professionals, students and interested (innocent) We would incorporate advice too but just our chief actuary, not the non-actuarial officers. 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. Senior candidates at best could hope for assistance and schooling but this is also rare unless at Chief Actuary level. Currently working in non-life (P&C) consulting. Once you get into that range, the extra stress and responsibility starts to become worth the marginal pay difference imo. 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. 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. 15+ yoe Chief actuary roles will be above 400k. 363 votes, 62 comments. Appointed actuary is the individual who signs the statement of opinion on the companies reserves. By control, I mean the people in power (from Chief actuary, CFO, to CEO) are pretty much all actuarial science grad from Laval. " This is also a Posted by u/EmuIntrepid7374 - 22 votes and 34 comments 47 votes, 22 comments. 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. 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. Although if you have a little ambition it's definitely attainable. The opposite switch is far more common. 45K subscribers in the actuary community. 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. However, CAS has its flaws. Reply reply more reply More replies. 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. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. Actuaries are a business role with some math knowledge. 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). It used to be very common (10+ years ago) that it you didn’t get FSA you were being held back. 36 votes, 43 comments. Pay in software engineering in financial services is at least as good as actuarial work. 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. 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. Chief Actuary: lead of team of 12 responsible for all the analysis and decision making for their business. Some roles only qualified actuaries can hold though, eg “Chief Actuary”. 25 executive factor = And stop associating a YoY salary bump with being underpaid. Now a days thats not the case. 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. com reports that pay typically ranges from $308,460 to $421,740, with most professionals earning between $262,309 and $478,725. Subreddit for actuarial professionals, students and interested (innocent) I had your same salary with 2. Within 3 years, due to some luck with people leaving and doing a good job, I somehow ended up in a chief actuary position. 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. Our chief actuary cleared $1. I’ve never gotten more than a 3% increase YoY and am above the highest dot on the DW survey with never changing companies. But yes the average senior actuary not in an executive or senior management position probably makes about 150k to 200k all in. Our rent is over 2k/month. 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. 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). Im currently a college senior and I will be starting with an insurer after I graduate, with a salary in the high 60 range. 42K subscribers in the actuary community. The syllabus is not updated for upper level exams. It very much depends on roles and abilities. 17 votes, 26 comments. Hi all, I'd say that's a ceiling. Reddit . Salary depends a lot on location, but I think you’ll find actuary salaries worldwide are fairly generous. 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. 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. 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. Edit Every actuary whose total comp I know indisputably (ie im not guessing) with > 10 year of exp. 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 I am now starting my actuarial career at a big German insurer. r/actuary. “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. Chief actuary and appointed actuary are significantly different. 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. Or check it out in the app stores Go to actuary r/actuary. One of the reasons I was really drawn to the actuary field (other than the pay) was the concrete exam process for salary progression. That happening as an actuary is the exception, not the rule. Chief Actuary opening in IL, GA, NC, CT, NJ, or NY. such as Chief Actuaries, can command salaries anywhere from $200,000–$500,000, depending on company size, location, and role. Or check it out in the app stores   the Chief Actuary for the Centers for Medicare & Medicaid Services (CMS) is an ASA. 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. Subreddit for actuarial professionals, students and interested (innocent) With investment banking you'll be making 6 figures within the first couple of years. Or check it out in the app stores   Always blows my mind the chief actuary at the Texas DOI makes like 170k. 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 A place to discuss being or becoming an actuary in the UK. 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. 2% in year 1, 4% in year 2, and 6% for year 3+ are their bonus structures for ASA level consultants. In the middle were a couple of FCAS individual contributor roles. Qualified actuary (FFA, UK equivalent to FCAS/FSA) with 11 years experience. /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. 2024 Yearly Salary Thread (Responses will be Collected) forms. Among all US individuals working at least 40 hours a week, even your entry level salary is in the top 40% of earners. Regardless of what grad job you take, you should be able to earn 6 figures after 2-3 years of work. Reply reply A subreddit dedicated to San José, California, the heart of the Silicon Valley. g. Chief Actuary, but would arguably be content as upper level manager. I have a small-to-medium sized team, salary around $180K and total comp around $250K. 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. Also if you do get into that 500k+ area. 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. is easily over 200k. Currently I have 1 exam passed and am sitting for a second. 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. Second, every professional occupation has a ceiling that affects 99% of the people in that occupation. notgoingtobeused • r/actuary • Salary Survey - Cleaned Data. Can we get a 2022 salary survey going for those comfortable sharing? It feels like it’s been a while since we did one. 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. Of the 646k I made, about half goes to me in some form and the other half goes to the practice. I would stop using the word "actuary" at this point. 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. If you make it to VP / Dept Head / Chief Actuary you could easily be in the 400k-600K range. Or both. 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. 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) . comments sorted by Best Top New Controversial Q&A Add a Comment. A very top underwriter (CUO or class underwriter in the lloyds market) will probably earn more than any actuary apart from a chief actuary. I’ve seen resumes come through with chief actuary on them that we’re not credentialed. They are classed as a 'student actuary' so that pay is decent for the UK. Or check it out in the app stores   and the Actuary placing a financial value to each of those buckets. At about 2-3 years of experience there is a chronic shortage of candidates with relevant experience. 55 votes, 58 comments. yeah I'm sorry but your "points" aren't exactly clear. Get the Reddit app Scan this QR code to download the app now. 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. 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. Reply reply [deleted] 45 votes, 40 comments. That is not a livable wage in the city we will be living in. In my experience, the challenging part in reserving is “telling the story”. both cited difficulties in adapting to life there. true. Underwriting is Started at 82. new FIA. I found data science work to be far more interesting than actuarial work. At my last company, my chief actuary chose to travel only for Actuarial Conferences. $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. Stopping at ASA Ceiling for your salary I’ll give some comments for my rationale. An FSA making 100k should have a very easy path to +$36k salary increase, but not due to the MBA. This school is also known to produce the largest number of (P&C) Chief Actuaries in Canada. 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. 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. There are senior executives at other companies that started in technical roles (e. £70k (Life) or around £75k if GI (plus the broader package). He must have told me from his perspective though. I typically make over ~$70k (with very good benefits, especially retirement) but it's highly variable on bonuses. Salary ranges can vary widely depending on the actual Actuary position you are looking for. Actuary salary ceiling . I have seen ACASs reaching the level of chief actuary. 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. 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. Search Chief Actuary Jobs the United States An average actuary will earn more than an average underwriter, as pointed out by u/loveactuary21. “Typically a chief actuary operating in the London insurance market will demand a basic salary of anything between £150k and £240k,” adds Sangha. Chief actuary is a job title and therefore varies greatly company to company. Even 450k annual is not great. 2024 Yearly Salary Thread (Responses will be A place to discuss being or becoming an actuary in the UK. 83 votes, 128 comments. 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. The discussions in this reddit should be of an academic nature, and should avoid "pop psychology. 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. There are a lot of benefits aside from base salary. 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. Chief actuary can reach 400k total comp, esp at the bigger firms. Salary. 6mil in 2013 (only year of public data I Base salary in the neighbourhood of $260k plus profit share arising from my accounts. The title just sounds sexy. 200k is in the top 5% of all income earning individuals. The prior one went to London for a Reinsurance trip, but I'm not aware of a large amount of travel outside of that. A place to discuss being or becoming an actuary in the UK. 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. Please mention years of experience, number What is the Actuarial job market like in Australia? Ridiculous oversupply at the graduate level. I didn’t see the exam raise in the letter, so I will have to ask about that. I once heard of an actuary on the consulting side that made roughly 700-800k a year. 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. Hi, I’m Steve Goss, Chief Actuary at the Social Security Administration. There are a ton of levels to move up at big companies. I do aim to become a Chief Actuary in life. You can be the best actuary, working for the best firm, with a 10-20 year track record. Ask me anything. professional engineer), but you certainly wouldn't include them in a salary survey about the engineering profession. 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). but that is not representative of the average actuary salary. Heads of roles around 160-220k base. 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. This is a terrible situation and I feel for you guys. A new FSA should already be at that ~$140k salary. Haven’t worked overtime yet (1 YOE). The base salary is $65000, incentive pay is 7% of annual base salary, and other benefits such as insurance and 401k. There are actuaries (FSAs) that report to the VP and they are a mix of Directors and Associate Directors. My starting salary is about $74000. 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. Posted by u/sophomoreinmath - 28 votes and 15 comments 202 votes, 29 comments. I've seen this range as a base salary for FSA roles. You did get inflation adjustment in your salary already. 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). I'm considering 65k a low-end entry level actuarial salary and 200k as a reasonable top-end FSA/FCAS non-management salary. Traditional expat packages (paid in home country currency) are a thing of the past, salaries are paid in local currency 99% of the time. 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. 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. reReddit: Top posts of September 5, 2019. There is salary potential far north of $125k in both. Either you're overpaid or I'm underpaid. 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. You could make a 6-figure salary at my company as a competent FSA individual contributor. 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. You're working a lot more than 40 hours a week. 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. 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. 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. Salary for exempt EA supporting CEO. 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. Actuarial Careers Salary Survey Reddit 2022 Study Program Survey Results. In about 3 years I will have the actuary title. But, what others may not mention is that there are new opportunities that may come up. If you go on to become a chief actuary, then could make £200k+, with obviously the bigger the company, generally the larger the pay. My managers work 40-50 hours and sometimes work on weekends as well. Subreddit for actuarial professionals, students and interested (innocent) bystanders. 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. com reports that pay typically ranges from $312,994 to $427,336, with most professionals earning between $266,723 and $485,166. 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. You communicate with basically every single state department of insurance, yes- their insurance commissioner. reddit's new API changes kill Also, their comp is incentive based, the salary surveys focus on salary, not bonus. You're approaching high level management and *most* actuaries probably won't reach this level. (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. 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. Or check it out in the app stores     TOPICS I’m married to another actuary. Shifts are 12 hours, 7-7. 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. Only for specific roles, like signing off the technical provision as account or as Chief Actuary the AAG title is really required. 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. 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. Subreddit for actuarial professionals, students and interested (innocent) Get the Reddit app Scan this QR code to download the app now. SVP/EVP Chief Actuary ~ A lot Lots of luck, ambition and hard work to get here. Previously worked in the direct and reinsurance P&C environments as well as a stint in an investment bank working on ILS. Goodman Masson did a 2022 salary survey with some good analysis of pay at each level. 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. 91 votes, 193 comments. AVP pricing: deliver product pricing, profitability analytics and reporting to drive new business decision making and new product development. London GI Qualified 2-4yrs has not really changed much. You probably won’t be a chief actuary as an ASA but you probably aren’t aspiring to that. 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). Go to actuary r/actuary. AVPs & chief actuary’s schedules are completely filled with meetings and they seem to always work on weekends. 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. Hi folks, I wanted to see how the salary is for Life and P&C actuaries in Canada. 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. View community ranking In the Top 10% of largest communities on Reddit. Obviously, investment banking will definitely top out higher. I am a licensed financial professional (Series 7 + 63). His salary is 46k. 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. Can obviously go higher if decent performer and make chief actuary or someone senior on the underwriting side if go down the pricing route. 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. 47K subscribers in the actuary community. engineering) and hold credentials (e. My point is that people making high 6 figures are not actuaries, they are senior executives. In high end IB or Google etc it will pay more. However, it will be harder to reach the same salary as fellows, at least in more "junior" fellowship roles e. 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. 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. The average salary for an Actuary in New York, New York is between $85,019 and $209,200 as of January 01, 2025. Subreddit for actuarial professionals, students and interested (innocent) r/actuary: Subreddit for actuarial professionals, students and interested (innocent) bystanders. 24 votes, 32 comments. 48 votes, 57 comments. 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). View community ranking In the Top 5% of largest communities on Reddit. Your 4 exams passed in current 7 exam structure is probably like 3 exams passed in old days. Would be earning a lot more then 200k now. The chief actuary for a large insurance company can earn over 200k. Doing pretty good, imo. We do 3x 7-19h day shift, then 2x 19-7h night shift, then 4-6 days off. There is truth to that. 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. However, net salaries in HK and Singapore are largely in line with the UK / US. The old chief actuary was 35 and he left to co-found a start up reinsurer here in Bermuda. 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. 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. 2024 Yearly Salary Thread (Responses will be Collected) 244 votes, 147 comments. But you are not going to keep getting 5% pay increases every year. 61 votes, 106 comments. We used to work 4 ft from each other lol. We also recently placed a FCAS with 7 years experience, with a base salary in the $180-190k. [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. But overall, appointed actuary should be viewed as a fellow with at a minimum of 6 yrs of experience. Even Chief actuaries at large companies are around 300k base with a 300k+ bonus actuar89 • I work at a fairly large life insurer. I imagine they’re on £150k+. Probably just depends. 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. 19 votes, 61 comments. 4 days on 4 days off. FIA = a bump to the manager grade and c. He is in marketing. I'm a minimum level manager right now and the work life balance is pretty great and the salary is solid. I’m 3. You're not going clear 300k base salary unless you're a chief actuary. 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. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Serve on C-Suite team; manage actuarial staff involving pricing, reserving, and other . A lot of districts have moved to the same essentially 401k most employers do. . Will be the President's right hand in strategic decision making for the company. 35 votes, 12 comments. All levels of the actuarial department invest heavily in our students exams. 5 to 3 years experience and 4 exams passed (when it used to have 5 exams and FAP and APC to get ASA). 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. The chief actuaries didn't travel extensively. Compensation Survey (from r/actuary) forms. Exams 5 and 6 are offered twice a year. BTW: Salary for meteorologist start at 50k but very rapidly rise to 80k, and 100k after 6-10 years depending on the country. I think our company has 11 titles for actuaries between Chief Actuary and analyst. 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. Really? Is this monthly or annual? 250k annual is pretty bad otherwise. I'd say majority of actuaries cap out at senior actuary level so capping out at 120k. 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. Subreddit for actuarial professionals, students and interested (innocent) Total US population shown below. gle. Idk a single chief actuary in life making 400k or 500k most are in the 1m+ range. He will have potential for overtime (not sure how much) and got a 2500 sign on bonus. 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. 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. 3-4 people, you might be able to compete with a chief actuary managing a department of 30. Remote roles have average salary of $120k vs. It’s fully remote. 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. I was surprised to find out that the salary here was actually comparable to accountant's/auditor's one. 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. Those first 2 exams were worth $300 in salary; the next 3 were worth $500. Some of that pays my boss' salary (he's selling business vs. i think unless you have a deep fascination for german culture and want to become fluent, it could be a difficult option. So I’m limited in my future career growth. 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. 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. Normally only 1 of these at a company. 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. This company doesn’t pay a housing allowance but does have some great perks. 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. The average salary for a Chief Actuary in United Kingdom is £150,754 in 2025. All are interesting. I came from a couple of small insurance companies. I don't know if it's really the case that only 10% of FCAS in the 7-10 yrs exp. Actuarial salaries in London but in Lloyds a newly qualified would be roughly £85-95k base with a 20% bonus. Moving up from mid-career plateau . Thankfully I have a good job and we are hoping he can move up on salary fairly quickly. 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. 49K subscribers in the actuary community. 1 actuary leads the case, and depending on the size of the case, it can be 1 actuarial assistant or 2. With my manager peers, HR, and my chief actuary, student study hours, pass rates, and support are a regular discussion point. Visit PayScale to research chief actuary salaries by city, experience, skill, employer and more. 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%). Hey friends, after 10-15 years in the industry. 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. VP Actuary leads the actuarial PRT team. ). imtf czsneks ypgp jqw snvm xhpynp arothg sgfqxes icyer mpbe