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Find out the latest actuarial salaries and benefits in 2014 and what you should expect to be earning as an actuary…

The early years of an actuarial career are demanding, but they are bolstered by excellent pay packages and a fostering mentality from senior staff. Salaries compare favourably to other areas of finance, and can reach into the high six figures. Take a look at the salary progression of actuaries by sector.

Pensions
Junior (0-2 years) Part Qualified Nearly/Newly Qualified Qualified Senior Qualified
London £28,000 – £36,000 £36,000 – £48,000 £48,000 – £65,000 £65,000 – £80,000 £80,000+
South East £25,000 – £34,000 £34,000 – £46,000 £46,000 – £62,000 £62,000 – £80,000 £80,000+
South West £22,000 – £33,000 £33,000 – £44,000 £44,000 – £60,000 £58,000 – £75,000 £75,000+
Midlands £22,000 – £33,000 £33,000 – £44,000 £44,000 – £58,000 £58,000 – £75,000 £75,000+
North £22,000 – £33,000 £33,000 – £44,000 £44,000 – £58,000 £58,000 – £75,000 £75,000+
Scotland £22,000 – £33,000 £33,000 – £44,000 £44,000 – £58,000 £58,000 – £75,000 £75,000+

 

Investment
  Junior (0-2 years) Part Qualified Nearly/Newly Qualified Qualified Senior Qualified
London £28,000 – £35,000 £36,000 – £48,000 £48,000 – £65,000 £60,000 – £80,000 £80,000+
South East £25,000 – £35,000 £34,000 – £45,000 £45,000 – £60,000 £60,000 – £80,000 £80,000+
South West £22,000 – £33,000 £33,000 – £45,000 £45,000 – £60,000 £60,000 – £80,000 £80,000+
Midlands £22,000 – £33,000 £33,000 – £45,000 £45,000 – £60,000 £60,000 – £75,000 £75,000+
North £22,000 – £33,000 £33,000 – £45,000 £45,000 – £60,000 £60,000 – £75,000 £75,000+
Scotland £22,000 – £33,000 £33,000 – £45,000 £45,000 – £60,000 £60,000 – £75,000 £75,000+

 

Life Insurance
  Junior (0-2 years) Part Qualified Nearly/Newly Qualified Qualified Senior Qualified
London £25,000 – £37,000 £35,000 – £50,000 £50,000 – £65,000 £65,000 – £90,000 £100,000+
South East £24,000 – £36,000 £34,000 – £48,000 £48,000 – £62,000 £60,000 – £80,000 £95,000+
South West £23,000 – £35,000 £32,000 – £45,000 £45,000 – £60,000 £60,000 – £80,000 £85,000+
South Coast £23,000 – £35,000 £32,000 – £45,000 £45,000 – £60,000 £56,000 – £78,000 £80,000+
Midlands £23,000 – £35,000 £32,000 – £45,000 £45,000 – £58,000 £56,000 – £78,000 £80,000+
North £22,000 – £34,000 £30,000 – £42,000 £45,000 – £58,000 £52,000 – £75,000 £80,000+
Scotland £22,000 – £34,000 £30,000 – £42,000 £45,000 – £58,000 £56,000 – £75,000 £75,000+
Ireland €27,000 – €40,000 €40,000 – €50,000 €50,000 – €65,000 €65,000 – €90,000 €90,000+

 

General Insurance
  Junior (0-2 years) Part Qualified Nearly/Newly Qualified Qualified Senior Qualified
London £28,000 – £39,000 £36,000 – £50,000 £50,000 – £70,000 £65,000 – £90,000 £100,000+
South East £25,000 – £38,000 £34,000 – £48,000 £34,000 – £48,000 £60,000 – £85,000 £90,000+
South West £24,000 – £36,000 £33,000 – £46,000 £33,000 – £46,000 £60,000 – £80,000 £85,000+
Midlands £24,000 – £36,000 £33,000 – £46,000 £33,000 – £46,000 £60,000 – £78,000 £80,000+
North £22,000 – £35,000 £32,000 – £44,000 £32,000 – £44,000 £55,000 – £75,000 £80,000+
Scotland £22,000 – £35,000 £32,000 – £44,000 £32,000 – £44,000 £55,000 – £75,000 £75,000+
Ireland €27,000 – €42,000 €42,000 – €52,000 €52,000 – €66,000 €66,000 – €90,000 €90,000+

Source: Goodman Masson, Goodman Masson Salary Guide 2014

About the Author

  • Name: Abigail Page

Abigail made partner at Gibbons Mannington & Phipps at 26 and is now a general practice partner in a three office Chartered Accountancy Practice based in the South East. A qualified Chartered Accountant with the ICAEW (ACA) and Chartered Tax Advisor (CTA), Abigail provides technical advice to clients on Income Tax, CGT, IHT and Corporate Tax as well as providing accounting services to individuals, trusts and businesses.

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