Anyone knows the salary range for an Entry-Level Actuarial role? Thanks!!

My cousin is 2.5k as starting salary in great eastern

Give it 5% increment every year, 10 years your cousin can get RM3500. Unless he/she changes job.

if 10 year doing acturial and get 3.5k, can go and bang wall already

Actuarial shouldn't be this low bah...?...

starting is always low no matter what job. no experience who wanna give high salary

All Actuarial ppl i know got 5-digit a month (in RM).....

Why your cousin got so low salary one?

did you read properly? he said "starting salary" the people you know all work for how long already?

Any opening jobs for actuarials currently?

As for junior level without related experience I haven't see any yet. I've sent my resume directly to ask for possible position but no one reply me

did they sit the actuarial professional exams?

what actuarial working field?

all so rich T.T

If you have a bachelor degree in Acturial Studies or Actuarial Science..your starting pay is already RM4k

If you have full qualifications from the Institute of Actuaries, your pay will be easily above RM15k

Not everyone can study actuarial studies. Probabilities and complex statistics are more difficult to learn than engineering maths.

depends on how many professional paper u have sit during your uni year

this career emphasizes very much in the number of professional papers u have passed, degree is so not important in this field

once fully qualified (they named it as associate or fellow), salary at least rm20k+++

well, still need to get the job first. Not easy to get the entry level job in this field.

where did you graduate from ?

quite a yes, coz freshgrads from this field are becoming oversupply, particularly those only with a degree but without any professional paper

for a start, work in other field first, then take your personal time to study for the exams

hmmm.. But i wonder how fresh grads get a job then..
Its so hard huhh..?

Are you really sure with that bolded part?
What about a freshie which holds a Masters on Actuarial.?

It depends on how relevant your degree is to the professional papers.
Some degrees have more exemption than others. RM4k is the minimum for fresh. If you have a good degree, starting pay could be RM6k.
Full papers easily 15-20k and more

but then again. you need to have a background to enter. You can't be an actuary trainee without any papers. 99.9% of people do not have the ability to an actuary

i dunno much but i still can tell that, graduates with bachelor in actuarial from local universities do not have that high of starting pay

this field is getting oversupply from the bottom level (juniors) and very scarce in fully qualified one, this is why the juniors with little to no professional papers at hand getting very low pay

This post has been edited by PhakFuhZai: Nov 4 2011, 07:01 AM

i would like to say impossible u wont get promote during the 10 years time. u are now a fresh graduate and u forever will be fresh graduate?
use ur brain to think, dun just think of increment, think about promotion. OMG...

Starting pay of MINIMUM RM4k for actuary GRADUATES (DEGREE) ?

Please list out companies to back up your statement or any source for that matter?

Because I find it hard to believe that statement without any form of indication at all. It could be based on your experience, rumours that you heard, your pay, etc but we need a little something more solid dont you think?

Not to say it is not achievable (heck it could even be higher) but the word MINIMUM does make me a little bit suspicious.

Pls verify your source. Starting pay for actuarial grads is generally same as those for business grads, around RM 2,500. Unless you are near qualified upon graduation, otherwise you won't get even close to RM 4K.

There are a few actuarial consulting firms offering higher pay for fresh grads compared to other insurance companies (around RM 3000 - RM 3500), but they have a tendency to hire foreign grads. Local grads who are lucky to get actuarial jobs are normally in insurance companies where there are big group of alumni.

Nowadays, there is an oversupply of fresh actuarial grads in the market. Even a lot of foreign grads can't get actuarial jobs and end up elsewhere. Local grads are very aggressive in passing exams too (3-4 papers) yet hard to land a relevant job. To land an actuarial job, either you are supersmart or superlucky.

Actuarial job is not that interesting after all. Generally actuarial ppl are a bunch of nerds and spreadsheet monkeys. The career might suit you if you prefer long term security and do not like travelling job.

I can't believe they pay so little. BNM hired my colleagues sister, RM 17k starting pay. She completed her Masters while under them and got 30+/mth after that. Real actuary job (real actuary in comparison to 'msian actuary'- analogous to the numerious 'executives', 'managers', and 'engineers' of msia). May be repetitive job but it is complex and adds value in economics. These pay packets are what real actuary students work hard for studying during uni life. Not any TD and H can pass the exams.

in general, people who taking this course don't have much life even in school, after graduation is even worse, having to cope with work and professional exams at the same time, very little time is left for personal stuff..

many people choose this course is due to they think this field can earn big bucks easily, well for 15-30 years ago this was the truth, easy money, but things has changed now, this field is getting too competitive at the junior level, in Malaysia they have shortage of associates/fellow but alot of fresh juniors who just grad from UTAR, UKM etc.

some MNC insurance companies they rather bring in expats with attractive packages to fill the gap for associate level..

I graduated from UK. Passed some exams but no related work experience.

Agreed. Don't need a degree to make almost 2/3 of that in the first month of work.

Associates are still only partly qualified. Unfortunately openings exist mostly only for newly qualified/experienced Fellows or Math PhDs.

True.

Wow, RM17k starting? That's amazing. Just after undergrad?