Salary for FCAS

[PRICE]

As long as compensation remains taboo, the corporations will continue to underpay when they get the chance.

Made some calls, see attachment (three different companies, non-management role, includes bonus)

[Darkness Falls]

Originally Posted by PRICE

I'm in Quebec province, 4 years of experience, one exam away from FCAS making 115K including bonus. You are underpaid.

Oh I know that. My company may be the biggest P&C insurer in the country, but they are also by far the least generous salary wise. With my bonus I just barely crack the 6 figures point ... so sad And the worst part is, mine isn't even the worst in my office.

[actuwannabemtl]

Originally Posted by Darkness Falls

Oh I know that. My company may be the biggest P&C insurer in the country, but they are also by far the least generous salary wise. With my bonus I just barely crack the 6 figures point ... so sad And the worst part is, mine isn't even the worst in my office.

That's surprising. I'd have thought that Intact paid above average for above average talent.
Do you knows who in mtl pays the best ?

[Darkness Falls]

Originally Posted by actuwannabemtl

That's surprising. I'd have thought that Intact paid above average for above average talent.
Do you knows who in mtl pays the best ?

My old company, Economical, definitely had much higher salaries

[actuwannabemtl]

Originally Posted by Darkness Falls

My old company, Economical, definitely had much higher salaries

So you chose Intact because of better future potential or because the workw as just much more interesting ?

[Darkness Falls]

Originally Posted by actuwannabemtl

So you chose Intact because of better future potential or because the workw as just much more interesting ?

Had a nearly exclusively personal lines role @ Economical while I really wanted to try out commercial lines. Was fast tracking at my old company, but wanted to expand my area of knowledge. Also wanted to switch cities, got hired for Toronto, but the AXA purchase (during my 2nd day of work) sort of stopped that.

[Darkness Falls]

Originally Posted by AAABBBCCC

You guys realise that intact bought AXA and there arent that many big players in the P&C space. Doesnt this put pressure on your salaries? Like "stop whining or else you will no longer work in the industry" type of situation?

Pretty much, 15% of FCAS in Canada work for Intact.

[cyc]

Originally Posted by PRICE

Market is better in Toronto, I personally know someone with 7-8 years of experience making 160-170k including bonus (director level).

That's about the average for that level in Toronto.
I made the switch from Montreal to Toronto and the market is much better in Toronto in my opinion.

[Unpredictable]

Originally Posted by PRICE

Market is better in Toronto, I personally know someone with 7-8 years of experience making 160-170k including bonus (director level).

US dollars or CAN?

[_BullDog_]

The question is how much will these drop when the SOA overthrows the CAS?