Actuarial Outpost
 
Go Back   Actuarial Outpost > Around the World > Asia
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Asia China, Hong Kong, South Korea, Japan, Singapore, Taiwan, Malaysia, Vietnam & Other Countries

 
 
Thread Tools Search this Thread Display Modes
  #51  
Old 07-19-2014, 11:56 PM
Elsaball Elsaball is offline
Member
CAS
 
Join Date: Jun 2010
Studying for nothing
Posts: 1,757
Default

Quote:
Originally Posted by mono/poly View Post
Lawyer is the most overrated profession ever. Two thirds of people graduating from law school never even become one, and of the third that do get a job, maybe 10-20% manage to get a high-paying corporate job. Then they get to work for 80 hours a week while making ~150K and paying off their enormous loans. Only a tiny fraction of those people eventually become partners, general counsel, etc. and make the big money.

Doctors have much better job security, but many of them also have to work way more hours than I'd ever want to.
Re: Laywers that's true but if you're good enough to get into a good law school like Yale, the chances are sign. higher. And, if you don't succeed, you can still become president of the US.
  #52  
Old 07-20-2014, 12:36 PM
Arthur Itas's Avatar
Arthur Itas Arthur Itas is offline
Member
CAS
 
Join Date: Feb 2004
Location: Atlanta
Studying for Prostate exam
College: Hard Knocks
Posts: 21,343
Default

Half of new lawyers now have a starting salary of $62K or less. Starting salaries have been falling since 2008. Supply of new grads exceeds demand.

http://money.cnn.com/2014/07/15/pf/j...wyer-salaries/
  #53  
Old 07-20-2014, 01:03 PM
Elsaball Elsaball is offline
Member
CAS
 
Join Date: Jun 2010
Studying for nothing
Posts: 1,757
Default

Quote:
Originally Posted by Arthur Itas View Post
Half of new lawyers now have a starting salary of $62K or less. Starting salaries have been falling since 2008. Supply of new grads exceeds demand.

http://money.cnn.com/2014/07/15/pf/j...wyer-salaries/
True, but graduates at the top school still do pretty well, even from the start. For example, the median starting salary from Columbia has been 160k for the last few years IIRC.
  #54  
Old 07-20-2014, 01:24 PM
Guest
Guest
 
Posts: n/a
Default

Control for IQ and lawyers make more.
  #55  
Old 07-20-2014, 02:20 PM
Arthur Itas's Avatar
Arthur Itas Arthur Itas is offline
Member
CAS
 
Join Date: Feb 2004
Location: Atlanta
Studying for Prostate exam
College: Hard Knocks
Posts: 21,343
Default

Quote:
Originally Posted by Ke$ha View Post
Control for IQ and lawyers make more.
This fill in the blank generally holds true across many professions: Control for IQ and ____ make more.

I know multiple intelligent lawyers that are underemployed now. YMMV.
  #56  
Old 07-20-2014, 05:07 PM
Ninja Warrior Ninja Warrior is offline
Member
CAS
 
Join Date: Dec 2009
Posts: 1,143
Default

Quote:
Originally Posted by leewonhee7 View Post
if you would ranks the jobs by it prestige (social recognition, compensation, etc)
is actuary on par with lawyer and doctors?
I would say lawyers and doctors come across as more prestigious to laymen, as most people do not know what an actuary is (which is a good sign).

The compensation of lawyers and doctors vary widely, as do credentialed actuaries. There are FCAS making $150K (lower rank) and executive level FCAS making $300K or more. Therefore, you cannot generalize someone's pay by looking at just some statistics online.

In my opinion, "prestige in other people's eyes" are meaningless. Most people don't really want to take the time to know you or what you do in your job. Why enter a profession to impress unimportant people?
  #57  
Old 07-20-2014, 05:56 PM
Kanye West's Avatar
Kanye West Kanye West is offline
Member
Non-Actuary
 
Join Date: Jul 2013
College: American Academy of Art - Dropout
Posts: 819
Default

Quote:
Originally Posted by platypus View Post
What are there maybe 20,000 actuaries? There over a million lawyers. Who counted? Who cares?
That sounds about right. I didn't become an actuary because I wanted the prestige attached to it, I'm gathering that's one of the recurring themes in the thread.

That said I'm betting a 50th percentile actuary does as well or better than a 50th percentile lawyer in terms of pay and work-life balance. At least that's what I tell myself as I sob quietly in bed on Monday mornings.
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 02:23 PM.


Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.24931 seconds with 11 queries