One of the advantages of working in the actuarial profession is the financial reward, but just how big is that financial reward? We, along with Hays, have provided an overview of the expected earnings for actuaries, from graduates through to senior partners.
Salaries have risen slightly in the actuarial industry over the course of 2017 and hiring has remained steady. While the early years of your actuarial career are demanding, they are bolstered by excellent pay packages and generous support from your employer.
Salaries compare favourably to other areas of finance, and starting salaries for gradautes is higher than the UK average salary. This rises as you become qualified and, as you can see, salaries can get into the high six figures for more senior partners.
A career as an actuary is a desirable one, and is often referred to as one of the best professions to work in. There are many reasons for this (as we outlined on page 10) including salary, job security and job satisfaction. Not to mention that many finance companies tend to offer extensive benefits packages such as private health care, gym memberships and life assurance.