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Bentley College Lucy Kimball - Associate Professor
http://www.bentley.edu/

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  #1  
Old 09-03-2014, 08:08 AM
leewonhee7 leewonhee7 is offline
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Just like the question says,
Of course taking into account that he has full designation of fcas/fsa and around 7 years of experience?
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Old 09-03-2014, 08:09 AM
Morrison Morrison is offline
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Yes, very doable. May have to be willing to switch jobs once or twice along the way.
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Old 09-03-2014, 08:44 AM
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Agreed. Many on this board are probably in such jobs. Something like this would probably get you there... pass exams by 25, get promoted ~ age 30 (or move to a different company), get promoted again (or move again) ~ age 35. I'd guess that base of $175k plus 15% bonus (so over $200k all-in) would be about market rate for this type of career track, even in a lot of the po.
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Old 09-03-2014, 08:58 AM
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Sure, if you work hard and are willing to move around (either in the company, or, more likely, out of it).

It's pretty standard that you should be making $100k base by 30. From there, it's just 5 years of 10% raises to get you to $166k. Add on a somewhat standard 20% bonus, and you're at $200k.

Now, 10% raises each year is tough, but doable, especially if you move around.

Key points: work hard, don't get stagnant, and it's possible.
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Old 09-03-2014, 09:09 AM
actexp actexp is offline
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more possible in consulting world too
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Old 09-03-2014, 09:12 AM
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You can also look at the DW Simpsons salary survey:

http://www.dwsimpson.com/salary.html

9.5 - 14.5 yrs of experience corresponds to mid-30's (most likely), and people there make $200k+. So it happens. You'd probably be in the top 20th percentile, but it's not unreasonable.
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Old 09-03-2014, 09:55 AM
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urysohn urysohn is offline
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This thread, yes. Your other thread, yes. Both together, much more difficult imo.
Life is about choices and tradeoffs. Do you want high pay, high-profile career options? Or do you want stability (geographically, sticking to one town/city or to one region), plenty of time at home with the family, etc?

To some degree, you can indeed have both. But don't expect companies to throw top dollar at you if you're solidly 9-5, not willing to make big career moves, plan on staying in one town from the time your kids enter school until they graduate,...
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Old 09-03-2014, 12:15 PM
Beach Bum Beach Bum is offline
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It's certainly possible. Though I would think for every actuary at 35 making $200K+ there are seven others making < $175k.

I also think there is a larger group of "underpaid" credentialed actuaries today than say 10 years ago, largely in part to the growth in supply of our field. Occasionally recruiters contact me with a resume of an ACAS/FCAS and like 5-8 years experience making barely over $100k.

I've always believed that upon achieving ACAS you should be at $100k no matter how many years. Then FCAS should get you to $150k at least within the year after obtaining fellowship.

Based on what I see and hear time to time maybe the ACAS view still holds to some extent; but there are lots of FCAS in the $100k-$125k range pushing down that salary level.

Can't speak too much for ASA/FSA, though based on anectodal tidbits and DWS Surveys knock off 10-20% from the figures above.
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Old 09-03-2014, 12:34 PM
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Based on what I see and hear time to time maybe the ACAS view still holds to some extent; but there are lots of FCAS in the $100k-$125k range pushing down that salary level.
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Old 09-03-2014, 12:35 PM
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FCAS's making $100k nowadays? Ouch.
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