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2017 ACTUARIAL SALARY SURVEYS
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  #21  
Old 07-12-2018, 11:43 AM
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Originally Posted by hjacjswo View Post
Median seems low especially in NY. DC I can understand with Geico there.
In NY, even if I filter the age group to like 35-45, it's pretty bleh. I agree that actuarial isn't THAT high paying given the efforts to pass the exams.
And the exams are getting so much harder. Last few years of MLC/LTAM puts all the past prelims to shame.

SRM and PA are gonna be hard as hell.

Older actuaries had it way easier.
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  #22  
Old 07-12-2018, 11:55 AM
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lullz for geico still pulling down salaries

That was the first thing I thought and then I saw this comment...AO is too fast for me!
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  #23  
Old 07-12-2018, 12:27 PM
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The highly paid "actuaries" are actually no longer just actuaries, instead they've become business professionals who leverage their actuarial skills into something more valuable. Actuarial skills alone fall into that $100k range. The skills levered off the actuarial skills adds the value, thus higher pay. I'm talking CIO, Director of non-actuarial dept., etc.

My guess is these highly paid "actuaries" aren't in the actuary bucket.
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  #24  
Old 07-12-2018, 01:01 PM
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I'd venture to say that it's more that non-actuaries are being placed in the actuary bucket.
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Old 07-12-2018, 01:10 PM
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Originally Posted by Abelian Grape View Post
I'd venture to say that it's more that non-actuaries are being placed in the actuary bucket.
Yes, but even if you filter the age group to 35+, the number is pretty eh. At that age group, most should be credentialed actuaries
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  #26  
Old 07-12-2018, 01:12 PM
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Originally Posted by hjacjswo View Post
Yes, but even if you filter the age group to 35+, the number is pretty eh. At that age group, most should be credentialed actuaries
Not really. I've worked at places with a lot of people who fell off the exam track and never really made it far in the exam process but are doing similar work as other "actuaries."

DWS is probably more credible with its experience breakdown. Even if you took the lower end of the survey, the median in the OP you'd expect to be higher. So you can likely attribute it to a difference in the mix of people on the lower end that's pulling the number in the OPdown.
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  #27  
Old 07-12-2018, 01:18 PM
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I'm sure the work/life balance is good and they have a good study program.
Also, having a job is usually better than not having one.
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  #28  
Old 07-13-2018, 07:38 PM
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I have a hard time believing that physicians in Montana and Kansas make 400k+ a year on average.
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  #29  
Old 07-13-2018, 07:50 PM
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I have a hard time believing that physicians in Montana and Kansas make 400k+ a year on average.
They make more money in the boonies
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Old 07-13-2018, 08:06 PM
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Not really. I've worked at places with a lot of people who fell off the exam track and never really made it far in the exam process but are doing similar work as other "actuaries."
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