salary question

[babbagandu]

I noticed that the DW Simpson salary info has bonuses included (I had never noticed this before).

Can anyone give me some entry level salary info without bonuses? Just wondering because I am curious about what an entry level actuary makes monthly.

[GuineaPig]

Originally Posted by babbagandu

I noticed that the DW Simpson salary info has bonuses included (I had never noticed this before).

Can anyone give me some entry level salary info without bonuses? Just wondering because I am curious about what an entry level actuary makes monthly.

just split your bonus up into 12 equal payments and spend one payment per month??

In all seriousness you realize that for one thing salary questions have been asked 10000 times on this thread. Also, it varies greatly by location, COL, size of company and type of company and how the company's actuary program (if it has a formal program) is structured - some companies start higher but have lower annual raises/exam raises and other companies are structured the opposite.

[PhildeTruth]

Originally Posted by babbagandu

I noticed that the DW Simpson salary info has bonuses included (I had never noticed this before).

Can anyone give me some entry level salary info without bonuses? Just wondering because I am curious about what an entry level actuary makes monthly.

Decrease nothing off the 10th percentile, decrease whatever your targeted bonus is off the 90th percentile.

[Quasi]

I would think the bonus part is very small at entry level.

[FormLetter]

Usually rather small relative to salary at entry level. 0%-5% of salary on the insurance side, for example. Consulting would probably leave a lot of room for variation.

[Paul Blart]

At entry level on the insurance it is likely more a flat amount, say $2,500 - $5,000, than some sort of percentage.

[ditkaworshipper]

Entry level insurance here, and it doesn't significantly affect my salary. When you get an offer, ask about your target bonus and add that to your salary to compare to DW Simpson's numbers.

[Stan]

Our entry level bonus target is 7.5%.

[JMM773]

Bonus is you get hired.

[Tom]

34% of our entry level placements received a bonus in 2010.

95% of bonuses are based on a percentage of the base salary. 5% of bonuses are flat bonuses, usually between $2500 and $5000.

The average bonus was between 5 - 7.5%, however the range was between 3 - 20%.

All entry level placements that received bonus had 2 or more exams.

Internship experience is also a major factor, but not required to receive a bonus.

A high percentage of the people receiving bonuses had base salaries above the median base salary, but not all.

The number of bonuses handed out are consistent across Health, Life, Pension and P&C.