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  #31  
Old 08-15-2019, 12:17 PM
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Originally Posted by Jemaine Clement View Post
Compare that to somewhere north of $200k for the average FSA with 10 years experience.
Before we exaggerate actuarial salaries too much, I would like to point out that the DWSimpson regression lines suggest 2018 salaries of $162K for Pensions, $178K for Health, and $181K for Life in the case of a 10-yr FSA.

(I assume it will be closer to $200K for someone in high CoL NYC, but then don't pity them as they are likely getting butthurt on taxes and everything they pay for)
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  #32  
Old 08-15-2019, 12:22 PM
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Originally Posted by Locrian View Post
Financial regulation was a big (but certainly not only) part of this shift. Still plenty of people out there doing that though.
I still have quant friends making a lot of money (130k in 2017, greater NY area).

(I think a distinction need to be made on what's "hot". Is it measured by numbers, or by compensation. )

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Is that all in or just base?
Unfortunately, it's base + bonus.
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  #33  
Old 08-15-2019, 12:24 PM
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Originally Posted by koudai8 View Post
I still have quant friends making a lot of money (130k in 2017, greater NY area).

(I think a distinction need to be made on what's "hot". Is it measured by numbers, or by compensation. )
130k in greater NY is a lot of money? For a quant?
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  #34  
Old 08-15-2019, 12:26 PM
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Originally Posted by koudai8 View Post
I still have quant friends making a lot of money (130k in 2017, greater NY area).

(I think a distinction need to be made on what's "hot". Is it measured by numbers, or by compensation. )
"Hot" = amount of real analysis needed for the job
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Originally Posted by Helena Lake View Post
Yes, well, that's partially the result of my robust education. I was exposed to far more than a narrow money-making selection of classes. The influence of art, literature, and other liberal arts makes it easier for me to write coherently in a format significantly longer than 140 characters. Additionally, I am able to use colorful terms that illustrate my ideas, words that exceed two syllables in length, and even proper punctuation (most of the time).
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  #35  
Old 08-15-2019, 12:32 PM
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Originally Posted by nonlnear View Post
130k in greater NY is a lot of money? For a quant?
For a fresh grad, I think it's quite a lot.
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  #36  
Old 08-15-2019, 12:47 PM
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Originally Posted by hjacjswo View Post
So is it pretty common to be making around 200k with 10 yrs and fellowship in nyc?
It should be pretty common. There are also a bunch of actuaries making less than that but the opportunities are there for those who work hard.
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Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
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  #37  
Old 08-15-2019, 12:55 PM
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Originally Posted by koudai8 View Post
But I think it's pretty clear that an average entry-level actuaries will not catch up with an average software engineers for quite a few years, if ever. Considering the same compounding from raises and switching jobs which will give the SE an advantage.
Where are you getting your numbers for average software engineer from? US News has them in the $78K to $129K range, while actuaries are at $75K to $141K. That hardly has them blowing our salaries out of the water.

That said, if you want to be a programmer, be a programmer. If you want to be an actuary, be an actuary. If you want to be filthy rich, be Bill Gates.
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  #38  
Old 08-15-2019, 01:08 PM
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The fact that the word "quant" hasn't appeared in this thread until now just shows how far we've come.

(Not saying which direction)
It might be a function of certain posters no longer being here
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  #39  
Old 08-15-2019, 01:09 PM
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Originally Posted by koudai8 View Post
For a fresh grad, I think it's quite a lot.
Agreed. That would have been a helpful qualifier.

And actually, it depends what you mean by fresh grad. Fresh undergrad, yes it's a nice starting number. Fresh grad degree it's warm at best.
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  #40  
Old 08-15-2019, 01:11 PM
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Originally Posted by Colonel Smoothie View Post
It might be a function of certain posters no longer being here
Careers used to be fun imo
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Originally Posted by Helena Lake View Post
Yes, well, that's partially the result of my robust education. I was exposed to far more than a narrow money-making selection of classes. The influence of art, literature, and other liberal arts makes it easier for me to write coherently in a format significantly longer than 140 characters. Additionally, I am able to use colorful terms that illustrate my ideas, words that exceed two syllables in length, and even proper punctuation (most of the time).
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