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Thread: Salary Question

  1. #1
    Actuary.com - Level I Poster
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    Salary Question

    I have a question about how much actuaries make becaue when I hear people talk about the salary of an actuary everyone always tells me that an actuary makes $100,000 and up, sometimes way up. Then when I look at salary reports I see that actuaries make an average of about $90,000 (not that I would consider that bad by any means). Do these salary reports include all actuaries, including those who have only passed one or two exams? If that is the case, does anyone know the average salaries of associates and fellows? Thanks.

  2. #2
    Actuary.com - Newbie Poster
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    http://www.dwsimpson.com/salary.html

    hope this helps.

    Btw it says 90-10% range. Does every1 feel likewise, or this range jus reflect very prominent companies?Applicable in US only I believe.

  3. #3
    Actuary.com - Level IV Poster
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    I think the DW Simpson salary survey is pretty accurate. There are some regional variances (you'll make significantly more in NY City for example). Remember when you hear that the average is 90K that includes all of the actuarial students and there are many more students that FSAs.

  4. #4
    You spam? I ban! Irish Blues's Avatar
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    Also realize that the numbers listed there include all bonuses (profit sharing, performance incentives, recognition awards, and so on) - it's not just "here is the base pay".

  5. #5
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    Is this per month or per annum????
    Sorry i'm a newbie in everything

    Salary does mean per month but i just wanted to make sure

  6. #6
    Actuary.com - Level VI Poster
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    Quote Originally Posted by dizzydevil
    Is this per month or per annum????
    Sorry i'm a newbie in everything

    Salary does mean per month but i just wanted to make sure
    If you go to http://www.dwsimpson.com/salary, those figures are in annual salaries, not monthly.

    I'd be feeling pretty underpaid if those were monthly salaries.

  7. #7
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    Quote Originally Posted by JonDG
    everyone always tells me that an actuary makes $100,000 and up, sometimes way up. Then when I look at salary reports I see that actuaries make an average of about $90,000.
    Think about it. The entry level actuarial students generally make around 40-60K. Some actuaries have to balance that out with well over 100K to get a $90K average.

  8. #8
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    Quote Originally Posted by Trojan_Horse
    I think the DW Simpson salary survey is pretty accurate. There are some regional variances (you'll make significantly more in NY City for example). Remember when you hear that the average is 90K that includes all of the actuarial students and there are many more students that FSAs.

    Yeah, you also have to keep in mind that NYC is the MOST expensive city to live in in the entire country!

    (Not that I don't have mad love for nyc )

  9. #9
    Actuary.com - Level II Poster Denny Crane's Avatar
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    www.homefair.com is a good site to see cost of living differences between cities.
    P. S. I'm Denny Crane

  10. #10
    Actuary.com - Level V Poster djerry81's Avatar
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    i want to be a actuary in japan....i hear tokyo is the most expensive in the world....

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