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  #11  
Old 11-22-2017, 10:22 AM
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I finally got a request for an onsite interview for a role that would include direct reports. The complication is that it isn't within an actuarial department and would be a significant pay cut. I just don't know what to think.
eff that.
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  #12  
Old 11-22-2017, 10:26 AM
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I finally got a request for an onsite interview for a role that would include direct reports. The complication is that it isn't within an actuarial department and would be a significant pay cut. I just don't know what to think.
A pay cut for more responsibility?

wut
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  #13  
Old 11-22-2017, 12:35 PM
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If you're not already or have not managed people, its very difficult to convince hiring managers that you can do so.

Secondly, its difficult to directly start managing people in a new organization. Even if you are a credentialed actuary with multiple years of experience, it takes time to get used to the processes, culture, people and the environment before starting to manage people in a new company.
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  #14  
Old 11-22-2017, 06:27 PM
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If you're not already or have not managed people, its very difficult to convince hiring managers that you can do so.

Secondly, its difficult to directly start managing people in a new organization. Even if you are a credentialed actuary with multiple years of experience, it takes time to get used to the processes, culture, people and the environment before starting to manage people in a new company.
What would you recommend as an action then?
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  #15  
Old 11-22-2017, 06:37 PM
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A pay cut for more responsibility?

wut
Yeah, that is a big no.

Specially given it is non-actuarial
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  #16  
Old 11-22-2017, 08:53 PM
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Another option is to generate a lot of demand for your work. Say, you propose an idea, let's say build a model to detect fraud for one line of business or something. You get the go ahead and then it becomes successful, and all of a sudden all the other lines of business want one. You can't do it all yourself, so you make a case for hiring additional reports to help build it out.
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  #17  
Old 11-27-2017, 04:26 PM
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I've had this issue, too. I'm in a spot where for my pay to increase I basically have to have a Director level job which almost always includes reports, in insurance. I did have formal people management training including developing a management philosophy. I suggest that, at the bare minimum.

In consulting you get reports if you have time. And it's not billable. And plenty of high earning folks have no reports. YMMV
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  #18  
Old 11-27-2017, 04:32 PM
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I'm in the same situation, what's worse is that I'm extremely geographically limited. I guess I will be stuck as an "individual contributor" for a very long time.
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Old 11-29-2017, 02:53 PM
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Hmm in my prior company, it was rare for a manager to be hired externally. Usually they were promoted from within the department. Not sure whether this is generally good or bad for the industry.
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  #20  
Old 11-29-2017, 03:04 PM
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One thing that I've seen a few people pull off is that they get hired at a company in a non-managing role but get promoted to management quickly, like within a year or two. I'm not sure if there were discussions behind the scenes during the interview on how those people were going to be promoted, but it's one way.
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