If you mean 5 digits monthly, you are so wrong. As a fresh grad, you will most likely get around 3k.

I don't think I am wrong. Search with Google and see. Maybe you mean the salary for some fresh graduates in Actuarial Science who go for other jobs (Risk management and etc) as Malaysia is quite unpopular for actuarial science I think. Based on actuarial salary worldwide surveys on the internet, (for example:http://www.dwsimpson.com/2011_Actuarial_Salary_Survey.pdf) it is clear! If you wish to believe, I have a friend (Malaysian) who graduated in Actuarial Science is working at Singapore and he did earn MYR10000 as first salary. (TRUE STORY)

This post has been edited by Dhivyamaaran Anparasan: Jun 12 2012, 04:03 PM

Bro, common sense would tell you that those salaries are ANNUAL not MONTHLY.

Actuaries are well compensated. Experienced fellows have the potential to earn from $150,000 to $250,000 annually, and many actuaries earn more than that.

http://www.beanactuary.org/why/?fa=salary

http://www.bls.gov/ooh/Math/Actuaries.htm

Yes your friend earned RM 10K per month or SGD 4,100. U cant simply convert to ringgit. U have to consider the base salary in the home currency if u wanna compare salaries. If u do a reverse calculation, a Malaysian engineer earning RM 5K per month here will earn about 4K pounds in UK as well. He won't be getting 1,000 pounds would he?

And using 1 person as a benchmark wont give you a realistic assessment.

This post has been edited by cybermaster98: Jun 12 2012, 04:13 PM

Whether it is annually or monthly the salary is still high. (In MYR will reach 5 digits) Disagree?
I agree using one person wont give realistic assessment.
Everyone knows about the currency difference. That's why we earn more money by working at overseas. (This have nothing to do with the topic) His salary is still considered as MYR10000.

5 digits for what? Annual salary? There is no 5 digit monthly salary for fresh grads in Actuarial Science in Malaysia or any other country for that matter. Leave out the currency conversion if ure comparing base salaries between countries.

If u wanna do comparisons, i had fresh grad friends who went over to Singapore to work as electronics technicians and they brought home a salary of approx SGD 3K per month (RM 7,200). The minimum qualification to be a technician is only a diploma. So is earning RM2,800 more really a big deal for a degree holder in Actuarial Science?

This post has been edited by cybermaster98: Jun 12 2012, 04:54 PM

don't keep misleading the youngsters, because of many people saying that by being an actuarial automatically means earning big bucks, many young people are flooding in the actuarial course in colleges and unis

but there's also significant amount of them either dropped off or changed into another course in their 2nd or 3rd year, due to unable to cope with the stress and academic load..

Don't day dream boy. Just coming out from uni won't give u 5 digit income regardless ur job. Doctors earning around RM 4k. And you don't earn more money by working overseas. You can earn 5k SGD but can't eat RM 5 nasi goreng at SG. I'm working in Malaysia at the same salary SG offered me ( exm : RM 5k, and SGD 2.5k) I can say, i'm more richer by working in Malaysia then SG

1. Whether it is annually or monthly the salary is still high. (In MYR will reach 5 digits)
Looking at the link you provided, the pay for fresh grad is not THAT high (around 50k per year). As a matter of fact, other professions such as engineers can give you similar pay and they will be 5 digits in MYR.

2. I have a friend (Malaysian) who graduated in Actuarial Science is working at Singapore and he did earn MYR10000 as first salary.
I have many friends who graduated in Actuarial Science and they don't earn that kind of money. And I also have many friends who aren't actuary who earn more than MYR10000 in the U.S. So what does that mean?

If you pass the professional papers, you earn BIG bucks. However, very FEW people can pass all the papers. Most only manage to pass the first few. For those who did pass all the professional papers, they are the top in the profession. But for every profession, when you are the best or one of the best, you earn a lot.

Fresh doctors (medical officers) only get about RM2,200. Ive got doctor friends with about 10 years experience in Gov hospitals earning only about RM7K per month (including allowances).

Are you telling that doctors earn more than actuary?

He's telling u to stop dreaming bout earning 5 figure salaries as a fresh graduate. Get the right facts and work towards it. Dont just make salary your sole ambition. Many of those who chose jobs based on salaries are very disappointed ppl today. Take this from a person who has 11 years experience and is currently in Management and earning approx RM200K per annum.

I am not telling other profession earn less. I am telling actuary can earn MYR 5 digits. USD50k is considered high. (For me)
I know all the stuffs about the papers. Yes indeed when you are the best in any profession, you earn a lot.
But I think even without the paper you can earn much. (For me 5 digit considered much)

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Added on June 12, 2012, 5:50 pmOther things are important nevertheless salary, its not wrong to count it in. Everyone hopes for high salary and based on data from internet, even fresh graduates earns much. I am here for opinion with good reasons. If you think 5 digit only happens in dreams. Tell me why?

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Added on June 12, 2012, 5:59 pmI am here just for a confirmation if an fresh graduate in AS can earn minimum MYR10000 monthly. Why can't at be this way as a diploma holder technicians earn MYR7200.

(B)So is earning RM2,800 more really a big deal for a degree holder in Actuarial Science?(/B)

So do you mean its easy for AS degree holder to earn MYR10000? If yes I am happy.

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Added on June 12, 2012, 6:03 pmI don't deny its very hard. But it still gives a good pay, doesn't it? So why don't people with ability to cope up go for it?

This post has been edited by Dhivyamaaran Anparasan: Jun 12 2012, 06:03 PM

I do not understand why are you taking currency difference into consideration. Earning 5 figure for a fresh grad is very high, no doubt unless you are living and working in Malaysia. It is almost impossible for a company to give you five figure salary as a fresh grad in Malaysia. You have no experience at all.

It is everybody goal to earn 5 or 6 figure salary. It does not mean you can't dream. But you must be realistic. As a fresh graduate, your priority is to polish up your skill and gain experience. Money will come automatically when you have equipped yourself substantially.

If USD50k is considered high for you and if money is your sole consideration, you don't even need to study AS. Fresh grads in engineering - almost any engineering majors - can earn at least this figure in the U.S.

Can a fresh grad in AS earn minimum MYR10000? 2 answers for you: 1. No if you are in Malaysia or other country where the local currency is not strong. 2. Yes if you work in a country like the U.S., Australia, etc. You most likely won't get MYR10000 even if you work in Singapore. Your friend is the very lucky few. In fact, if you just want MYR10000, working as a fresh grad (any major, not just AS) in any country where the currency is strong will give you this amount of money. It just won't be the case in Malaysia regardless of what you study at university.

Geez that guy must stop being figure-minded, if figure is all he cares about, then he should go to either Vietnam or Indonesia where all freshers get 7-digit figure easily

This post has been edited by Fulvian: Jun 12 2012, 07:48 PM

I totally agree with you. About the currency difference, it started when someone start an argument with me. Leave it. I am here just to know any possibilities to get highly paid early. I agree working in Malaysia most probably won't get me paid 5 digits. But somehow by working at oversea I am hoping for minimum MYR10000 (here comes the currency difference) if possible. Although it seems to be hard, it isn't impossible i think. Just hoping for the best. No offense.

This post has been edited by Dhivyamaaran Anparasan: Jun 12 2012, 07:52 PM

If you say working overseas and hoping for minimum of MYR10000, that is easy to achieve in countries with larger currency like UK, US, AUD. Bear in mind, working in these countries also attracts higher tax. Forum is for discussion. Bottomline, as a starter, do not put money as the first priority. You will find yourself, disappointed easily.

Yes. Could be true but still can't get rid of salary from my mind. Anyway, thank you for your advise.

Actuarial Science degree doesn't mean anything. The more important is the SOA/CAS certificate. Anybody can get the sky-high salary provided they took and pass the exam and have certain experience (and the most important, find a boss that appreciate them and willing to pay). It doesn't mean they must come from AS graduate)

yes, actuary salary is high, but you have to sacrifice the leisure time to study external exam. But if compare again, i would say, sales will be better if you want to get big money fast. In sales, you don't need a good degree, don't need a good experience, but you need the skill to close deal, and tadaa.. If you can sell, you gain a lot. Yes, A LOT, and sales pay-check can hit 5 digits monthly even a new comer. What are you waiting for? A-Level won't land you a good income anyhow.

we work for money, that's is always true, but "choose a job you love, and you will never have to work a day in your life."

In Malaysia, I think only BCG and Mckinsey that will offer you high salary for fresh graduates.
But you have to be extraordinary to get yourself there.