I am currently in college studying actuarial science, and considering a double major in finance as well. I've researched the salary expectations for actuaries in in the mid-to-long run I love what I see. However I am curious about the entry level pay. While the entry level pay I see on DWSimpson is an excellent level for a true "out of college" kid, I'm in a little different boat.
I am an experienced software developer and I currently make 62k a year. By the time I graduate college (2011-2012) with my Actuarial Science degree, I expect to also have 10 years of programming experience as well, making about 75k+. I also fully intend to have at least one if not two of the actuarial exams passed.
Knowing all of this, can anyone tell me what my salary expectations are? I need my salary in the actuarial industry to be around the same as what I will be making at the time. I am willing to take a small pay cut, especially if the benefits make up for it. I am currently in the Mid-South area if that helps. Would getting a Finance major along with Actuarial Science boost my salary? Should I try taking even more of the exams before I make the industry switch? I've seen a position called "Actuarial Programmer". Would that be a good transitional position to shoot for?
Thanks for any advice.