Job Title : actuary
Years spent in company : 6-7
Industry : life insurance
Experience before joining : 0
Highest paper qualification/ education background: almost qualified as a certified actuary
salary : RM 16.5k
Location: KL

Been in this company for a little too long I think, thinking of moving soon. I'm aiming for 20k, feels like I'm being a bit underpaid in my current company. But it's hard to tell what's the benchmark is really...

Both promotions and paper increments. I'm close to 30. I'll be looking for 20-25k if I move. In fact i did get an offer of 23k but the job is quite radically different from a traditional actuary role, so I'm still thinking about it.

This post has been edited by QuickFire: Nov 7 2017, 06:44 PM

I can assure you, if you're not half bad you can get 15k in less than 8 years. The basic starting pay for a fresh graduate these days is around 3k. Total paper increments alone, which are guaranteed, are about 6k (varies by company of course, but that's about the average). That's already 9k without factoring in yearly increments and promotions.

The appointed actuary role is becoming less glamorous though, mostly through BNM's regulations which aim to limit the influence of AAs on the running of a company (for example pricing of products), and shifts the focus of the role to one that is more independent from the rest of the functions to maintain the integrity when setting actuarial assumptions and the likes. I've already seen a few AAs in the industry move on the other roles (Chief actuary, CFO, etc) in light of these changes. I'm sure AAs are still paid quite highly though, although not as high as a chief actuary.

This post has been edited by QuickFire: Nov 14 2017, 11:34 PM