haha I think if you wanna give that kind of advise you should be at the right place at the right time too, at least advise someone who is looking to quit the industry, not someone who has an upcoming interview. Thanks for your advise! Cheers!

Hi taitianhin,

If I could get into the company, 2.2 is also good enough and I will work hard to achieve what I wanted! Good try but not AXA haha!

that is the problematic of fresh grad that all people harping now a day,
they just want to listen favorable advice, positive advice..
they tend to filter out negative advice or bias toward it..
hopeless... no wonder people always said "u need to learn it through the hard way"..
ok, go ahead...

Right now I will still stick with actuarial science first, but TBH if actuarial doesn't work for me, then my plan B will be joining product development or risk/finance related department. But I will look into data science too if I have gotten myself into that position. Thanks!

If you are to be attached to the Actuarial Dept. then between 2.6-2.8k.

If you are to be attached to other Depts. eg Claims or UW then 2.5k-2.6k.

haha that is also the problem with some of the people, before someone even try something, they immediately assume that the guy is gonna fail miserably.
At least let me try what I really wanted to do, and even if thing didn't work out for me, I will not even regret that I've tried.

Meanwhile you mentioned negative advise? Why do you consider your advise negative? BTW the advise that you gave was to join sales immediately and that's not negative at all, it's just not something I see myself doing and it might not be something that I am good at too. Sorry for being problematic!

Hi cheepet,

Nice name you have

It's Actuarial Department. Thanks for the input!

Thanks for all the inputs guys! I roughly know what to expect now. I will keep everyone updated on the hiring process and if I were to receive an offer, I will post the answer to my very own questions over here! Thanks!

It will be great if you willing to share coz it will help a lot fresh grad in actuarial field but not me since I have found my job and all the best....hehe

Go for risk dept in Bank or trading firm la, no need to study so advanced and can get around sgd8k already

I believe you are one of them? How many years experience you have to get that amount?

6 years + experience
Last time Sg dont appreciate risk management work, only care more about front line trading

So risk folks here are getting better compensation now.

hows the working hours and culture in SG? Hectic? Stressful? compared to MY

Received a verbal offer through phone today (from an insurance company that I've interviewed with), they offered a salary of 2.8K. I am still waiting for another company to make an offer, since I was told that they have proceed my application to the management.

Congrats bro

Normal working hours 9am to 6pm

Of course not so good can leave sharp at 6pm, usually work until 7-8pm

Hectic of course, but if you're used to it already then should be quite easy to handle the work.

Can’t believe the actuarial salary is that low in Malaysia. Not sure about the life side, but on the P&C side, three exams with reasonable skill sets and communication skills, I would offer the candidate USD 60-75k. Many years ago, when I started my first job, I was offered USD 60k with four exams.

The problem does not lie on the starting salary. The real concern is the quality and marketability of your actuarial experience. As an actuary, it takes one to know one. If you have the opportunity to work in the corporate actuarial world, you will understand the holistic view of why experience gained in certain countries is weighted more heavily than most other countries. If I did not receive an offer here at that time, I would choose Bermuda/UK/Singapore/HK/Australia, because where you work makes a huge difference in the quality of experience you are getting.

Hi, may i know is it Takaful that offered 2.8k for starting? From what is know, conventional offer slightly higher than that..

I never know actuarial salary is THAT low! All my actuarial info are from Aus, which in uni the failing rate can be more than 70%, and those who able to sustain could hit A$100/pa as fresh grad, and the work is tough and stressful. Why Malaysian Actuarial seems like goyang kaki then?

Yes, I'm very surprise to find out the paid in Malaysia is so low as well. Wondering if the paid is higher in the multinational companies like Allianz?

In Aus, the starting paid is about ~$A70k, but the taxes and living costs are insanely high.