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2015 ACTUARIAL SALARY SURVEYS
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View Poll Results: How long did it take for you to make $150k after you started your first actuarial job
less than 3 years 1 0.68%
3 to 5 years 14 9.59%
5-7 years 18 12.33%
7-10 years 14 9.59%
10-15 years 14 9.59%
>15 years 7 4.79%
I don't make that much 74 50.68%
42 years 4 2.74%
Voters: 146. You may not vote on this poll

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  #41  
Old 01-11-2017, 04:57 PM
Hartke Hartke is online now
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anyone wish to share about how being in a management position or not impacted your salary? Did you get a significant bump in base or a larger bonus% to manage others?

I know a lot of FSAs with 10+ years experience working in individual roles. Curious about the gap in income between them and someone with the same experience/credentials that manages say 4 people.
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  #42  
Old 01-11-2017, 05:07 PM
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Quote:
Originally Posted by George Frankly View Post
Or if you're really baller, a $150k+ bonus.
See that's the thing 150k base is pretty high. 150k base + bonus isn't as high. So it's two very different metrics, IMO.
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  #43  
Old 01-11-2017, 05:10 PM
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Originally Posted by snikelfritz View Post
See that's the thing 150k base is pretty high. 150k base + bonus isn't as high. So it's two very different metrics, IMO.
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how long did it take for you to break $150k (bonuses included) after starting your first actuarial job?
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  #44  
Old 01-11-2017, 05:13 PM
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Originally Posted by snikelfritz View Post
See that's the thing 150k base is pretty high. 150k base + bonus isn't as high. So it's two very different metrics, IMO.
It's a difference of what, 2-3 years?
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  #45  
Old 01-11-2017, 05:14 PM
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Not there yet. Hopefully when I become an FCAS.
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  #46  
Old 01-11-2017, 05:31 PM
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It's a difference of what, 2-3 years?
From what I've seen the more you make the higher your bonus becomes as a % of total comp, so base grows much more slowly then bonus once base is over ~100k or so.
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  #47  
Old 01-11-2017, 05:32 PM
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I make just shy of that (might get there this year if bonus cooperates) and knocking on 10 years' door. But I live in the po where just-shy of $150k is like being a gazillionaire in NY.
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  #48  
Old 01-11-2017, 05:38 PM
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$145k base seems to be the market rate, or maybe the minimum for a first time manager in my area. It might be less if you work for a lower tier company.

I've seen some people get there in 5 years, but I would consider that to be pretty fast.
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  #49  
Old 01-11-2017, 05:41 PM
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Originally Posted by jesusislord View Post
I live in the Po and will probably hit 150k this year including bonus. If not this year, then definitely next year because our bonus structure is changing/improving. FCAS with 7 years experience. I have not switched jobs yet.
Good for you.

Of course, I didn't say there aren't people who did that. Just saying they're rare. imo the more you have the following, the higher your chances of hitting 150k asap:

FCAS
reinsurance
consulting
non po
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  #50  
Old 01-11-2017, 05:42 PM
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tryin to make a dollar out of what makes sense
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