actuary salary (2 Viewers)

[1729]

does anyone know the average/top end salary of a fully accredited actuary (FIAA)? because people have told me different numbers than what it says on google.

 

[MONONYMOUS]

I'm not sure of the top salary of a fully accredited actuary but I know that it depends on who you're working for, where you're working, etc. Actuaries also receive bonuses depending on their success. I think the average starting salary for an actuary is 70k - 90k.

 

[pikachu975]

I'm not sure of the top salary of a fully accredited actuary but I know that it depends on who you're working for, where you're working, etc. Actuaries also receive bonuses depending on their success. I think the average starting salary for an actuary is 70k - 90k.

Yep from a friend who just got a grad job the starting is near 80k

 

[mreditor16]

I'm not sure of the top salary of a fully accredited actuary but I know that it depends on who you're working for, where you're working, etc. Actuaries also receive bonuses depending on their success. I think the average starting salary for an actuary is 70k - 90k.

As someone who is graduating from actuarial this year and am privy to information about the remuneration arrangements of many companies that are taking actuarial graduates, I can confirm the average starting remuneration (i.e. pay + superannuation) is between 70k and 90k. Keep in mind, that salaries towards the higher end of that range are typically only offered to students who bring a decent amount of industry experience to the table (e.g. co-op students)

As for the salaries of Fellows (FIAA), it really varies depending on the company, position, the individual's experience to date. SKL did a survey in 2016 and found that Fellows on qualification, earn an average salary of 135k, with the typical range between 110k and 155k. I'm not sure if this includes superannuation or not.

 

[seremify007]

As someone who is graduating from actuarial this year and am privy to information about the remuneration arrangements of many companies that are taking actuarial graduates, I can confirm the average starting remuneration (i.e. pay + superannuation) is between 70k and 90k. Keep in mind, that salaries towards the higher end of that range are typically only offered to students who bring a decent amount of industry experience to the table (e.g. co-op students)

As for the salaries of Fellows (FIAA), it really varies depending on the company, position, the individual's experience to date. SKL did a survey in 2016 and found that Fellows on qualification, earn an average salary of 135k, with the typical range between 110k and 155k. I'm not sure if this includes superannuation or not.

Thanks for sharing that. Really helpful.

As for whether salary includes superannuation - usually it doesn't; however some organisations quote "Total remuneration" or "Total package" numbers which includes superannuation (ie. you need to deduct the superannuation piece to work out actual gross salary). Some other organisations/banks also quote a number which includes overheads/allocation/cost which you need to deduct (think of it as the equivalent to a mandatory cost of your employment which your business unit needs to pay - which makes it even harder to compare).