is 100K+ realistic as an actuary?

[Anonymous]

and approximately how many exams? all of them?

and would this have to be in consulting?

[DW Simpson]

>Is $100K possible?

Yes.

>Approximately how many exams? all of them?

http://www.dwsimpson.com/salary.html has a salary survey that indicates that you need not have all of them to achieve $100K, but with several years of experience.

>And would this have to be in consulting?

No. Insurers, reinsurance cos., brokers, and other non-consulting firms with actuaries also have actuaries making above $100K.

<font size=-1>[ This Message was edited by: D.W. Simpson Webmaster on 2002-01-05 09:34 ]</font>

[Crystal Dragon.]

I know a guy with only three exams (6 years experience) making almost $80K in consulting.

[Anonymous]

On 2002-01-05 23:05, Crystal Dragon wrote:
I know a guy with only three exams (6 years experience) making almost $80K in consulting.


that is pretty low

[Macroman]

really? 80k is low even with only 3 exams? If you were talking about 5 or 6 exams I would agree that it's low, but it does not seem low for someone with no letters, or really with little prospect for qualification?

[Troy McClure]

$80k is low for three exams?

To the original question: Generally, in a medium COL area (big city, not NYC, SF, Boston), I think $100k is probably average for a new Fellow. Consultants are probably a bit higher, as are high-performing Associates. $100K (or more) is probably possible for a select few students who work a huge number of hours in consulting.

[Anonymous]

I felt $80K was low because the person has 6 years of experience and IMO the experience itself worths more than 80K.

I have met non-ASA actuaries who made partners and from what I can tell, he is macking it hard

[Don Quijote]

whoa there Anonymous... "non-ASA actuaries"? Assuming the person in question doesn´t have an EA or XCAS behind his name, it´s time to drop "actuary" from his job description.

He´s just a partner in a consulting firm, probably valued for the clients he brings in, not his actuarial work since he can´t sign AOM´s, reliance letters, etc.

[an2001on]

You probably mean that the person is an Enrolled Actuary (3 exams) then $80K is reasonable.

[Anonymous]

I am a FSA and only making low 80's

[Anonymous]

MIDPOINT for our FSA pay grade is right at 100,000.

[Anonymous]

I have 6 CAS exams, 15 years experience and I am making $125K plus bonus.

WHen I get my ACAS that will increase to $140K

(I live in a high COL area)

[Patience]

Career ASA, 15+ years experience, High COL making over $100,000

[Anonymous]

I hit 100K at about 8 years experience (which was a few years after FSA)