My starting was around 5k in 2017. A senior asked me to apply to other companies. I asked why, he said you need to know your market value. He also said I should be getting around 7k. So I did that and got an 8k offer  :thumbsup:

It's not really big but I'm sure I'm the pioneer in this area (actuarial science). I received multiple full time offers from other universities/companies as well. However I don't really want to make a move because I already bought a condo nearby  :thumbsup:  But, I will not close any door. I told them I will KIV their offers. I will wait for the result of my annual appraisal.

Regarding the working hours, I meant I have to stay in office (not necessarily working) for 35-40 hours per week. Once I'm done with my works, I can do other things like publications, professional exams, facebook, lowyat, etc.  :thumbsup:  But sometimes I can be quite busy that I have to work at nights and during weekends. The good thing is I never stay in office until 10pm or 11pm like those in industry. I can work from home.

My starting was around 5k in 2017. A senior asked me to apply to other companies. I asked why, he said you need to know your market value. He also said I should be getting around 7k. So I did that and got an 8k offer 

It's not really big but I'm sure I'm the pioneer in this area (actuarial science). I received multiple full time offers from other universities/companies as well. However I don't really want to make a move because I already bought a condo nearby    But, I will not close any door. I told them I will KIV their offers. I will wait for the result of my annual appraisal.

Regarding the working hours, I meant I have to stay in office (not necessarily working) for 35-40 hours per week. Once I'm done with my works, I can do other things like publications, professional exams, facebook, lowyat, etc.    But sometimes I can be quite busy that I have to work at nights and during weekends. The good thing is I never stay in office until 10pm or 11pm like those in industry. I can work from home.

How are you a "pioneer" for actuarial science in Malaysia, when it's been established here for 10+ years, and there are 10+ universities currently offering it with a current student count of at least 5,000?

It's true there are 10+ universities offering actuarial degree programs. But so far only 2 universities in Malaysia received full IFOA accreditation, and I'm the reason one of them is in the list. I graduated in 2016 so I'm not one of the "pioneers" who developed the programs - I'm a "pioneer" who improves the programs and make them up to standard.

By the way I don't just teach at university. I'm an author/editor with the biggest publisher of actuarial study materials in the US. My materials are used by the US students who write SOA exams.

I only share my story/experience. I won't tell who I'm and where I work. Guess you won't be interested in knowing anyway.

Well I know one of it is Sunway University, not sure about the other.

It's awesome you're so much more than a lecturer and have such a passion for the field. Great work and all the best!

To my knowledge Sunway's actuarial program is not fully accredited by the IFOA.

Fully accredited program - To receive maximum exemptions, obtain an average of XX% from the selected subjects.
(Not fully) Accredited program - To receive maximum exemptions, obtain XX% from each of the selected subjects.

https://university.sunway.edu.my/math-sc/bsc-actuarial

"Our programme is accredited by the Institute and Faculty of Actuaries (IFoA), UK. Students in our programme are eligible for exemptions from the IFoA professional exams for papers CS1, CS2, CM1, CM2, CB1 and CB2."

"Note: Eligibility of exemptions is determined based on subjects taken and grades obtained."

UTAR?    my friends around me are mostly actuarial students from UTAR. But only a handful of them ended up truly in Actuarial related industry.

What do you think of being an actuary in a well known insurance company vs being an actuarial science lecturer in a well known Uni? In terms of career path, salary, workload and work life balance.

As far as I know work life balance is almost non existent if you work in the industry.

Job Title : Music Teacher
Job Desciption : teaching intruments
Age :25
Years spent in company : 9 months
Company : a few music centres
Industry : music
Tenure : freelance
Employment Level :-
Experience before joining (years) : freelancing for 4 yrs
Highest paper qualification/ education background : bachelor's degree
Location : selangor
Average Working Hours Per Week (incl lunch hours): 16

Monetary Payout
Basic Salary + Fixed Allowance : RM1000-1800
Contractual Bonus (months): none
Performance, Variable Bonus & Commissions (months) : none

Benefits (where relevant) :-
Health Benefits :-
Transport Benefits :-
Mobile / Internet / Gadget Benefits :-
Flexi Working Hours :yes quite flexible
Other Benefits :-

I am thinking to change my career path towards banking industry. what should i do ? please give me some opinions

Job Title : Music Teacher
Job Desciption : teaching intruments
Age :25
Years spent in company : 9 months
Company : a few music centres
Industry : music
Tenure : freelance
Employment Level :-
Experience before joining (years) : freelancing for 4 yrs
Highest paper qualification/ education background : bachelor's degree
Location : selangor
Average Working Hours Per Week (incl lunch hours): 16

Monetary Payout
Basic Salary + Fixed Allowance : RM1000-1800
Contractual Bonus (months): none
Performance, Variable Bonus & Commissions (months) : none

Benefits (where relevant) :-
Health Benefits :-
Transport Benefits :-
Mobile / Internet / Gadget Benefits :-
Flexi Working Hours :yes quite flexible
Other Benefits :-

I am thinking to change my career path towards banking industry. what should i do ? please give me some opinions

Work life balance - Exactly the reason I don't work in industry. Regarding career path and salary, it really depends on different individuals. You can make good progress and earn a lot in both industry and academia if you are good.

Industry: Usually companies will pay your exam fees and allow study leaves. And if you work in big companies you will expect to receive bonus every year. What is bad is OT is quite often. Also when you are in office you are expected to work only.

Universities: Working hours are relatively flexible. As long as you finish your works you can do other things - research, exams, fb, tea, etc. Usually no OT as you can work from home. However, usually, your compensation and benefits are not as great as those in industry. So you may rely on secondary income source like teaching part time, master services, etc.

BTW not UTAR.

Last guess: APU

I have a few very successful AS acquaintances and friends around me making well above 10k. Could be close to 20k for one of them. About 5 years work exp. Degree grad.

Nope Mr. Genius, I continued with my full time Masters degree (fully research) after I have finished my Bachelor's degree and that's why I started to work at 25. But I get it, that some people need to belittle others to make themselves feel superior.

Wow. Relax bro and learn to comprehend a bit. I myself is going to grad Masters around that age but I was afraid that age would be a knock against me in the job market so to see someone in similar situation is kinda comforting. Im sorry if you took it wrong way.

My sister were once like your situation, degree in melbourne major in piano music. Banking industry is good, you will need someone help you pump the knowledge as you are from different field to different field. She went and took IT field as I can guide her along the way. There are 2 difference choices in person interest; 1: Your interest, 2: Good income career in long run / challenging.

woww..your sis must be good. i rarely heard of ppl going from music major to others thats why i am quite blur. she's so lucky to have you....and then she took another degree?

Last guess: APU

I have a few very successful AS acquaintances and friends around me making well above 10k. Could be close to 20k for one of them. About 5 years work exp. Degree grad.

Food for thought, will employer's EPF contribution be a deciding factor for you too? when accepting a job, a new job, etc.

For example, if you work in a bank, you're likely gonna get 16% epf contribution by your bank as opposed to working in a small company where they just pay the statutory 12% epf contribution to your account.

Is this benefits important to you?

Food for thought, will employer's EPF contribution be a deciding factor for you too? when accepting a job, a new job, etc.

For example, if you work in a bank, you're likely gonna get 16% epf contribution by your bank as opposed to working in a small company where they just pay the statutory 12% epf contribution to your account.

Is this benefits important to you?