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 Let's Talk Salary v8, Sharing Thread

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ZeonKid
post Apr 2 2019, 10:16 AM

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QUOTE(ZeonKid @ Aug 8 2016, 11:25 AM)
Fresh grade post:
Job Title : Actuarial Analyst
Job Desciption : Insurance Pricing
Years spent in company : 11 Months
Company : Local Insurance Company
Industry : Insurance
Employment Level : Junior Executive
Experience before joining : 0 Experience
Highest paper qualification/ education background : Degree/ Almost Associate Actuary, but still far from fully qualified
Salary : 4.3k

Update at 2.5yrs experience

passed few exams in this 2 years and promoted to senior.

Job Title : Actuarial Analyst
Job Desciption : Insurance Pricing
Age : 25
Years spent in company : around 2.5 Years
Company : Local Insurance Company
Industry : Insurance
Employment Level : Senior Executive
Experience before joining : 0 Experience
Highest paper qualification/ education background : Associate Actuary (ASA)
Salary : 7.8k


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3rd update at 5.5yrs exp

Job Title : Actuarial assistant manager
Job Desciption : Insurance Pricing
Age : 28
Years spent in company : around 5.5 Years
Company : Local Insurance Company
Industry : Insurance
Employment Level : AM
Experience before joining : 0 Experience
Highest paper qualification/ education background : Associate Actuary (ASA). One last 5 hours exam to become fully qualified actuary
Salary : 12.5k
Bonus : 2-3months
Average working hours : 9am to 7-8pm on non peak. If peak then around 10pm.
After working will spend at least one hour to study at home, weekend allocate at least 8 hours on studying for exams since I joined the industry. So life is basically work and exam with little social life. To make it worse, I am not a smart person and failed the same exam a few times.

This post has been edited by ZeonKid: Apr 2 2019, 11:06 AM
ZeonKid
post Apr 2 2019, 11:09 AM

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QUOTE(icebryanchan @ Apr 2 2019, 10:44 AM)
I really like jobs that their salaries are depending on certification or exams taken. Pass a few exam can get a lot of increment already.

On the other hand, software field not really much. Boss always says "LEL software? You can always Google"  bangwall.gif
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QUOTE(budang @ Apr 2 2019, 11:04 AM)
Well deserved pay. Heard from my fellow actuary friends those exams are no easy stuff. They put lots of dedication, blood and sweat into it and some could barely pass it.

Truly a profession for the elites
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The exam is excruciating indeed.
After working will spend at least one hour to study at home, weekend allocate at least 8 hours on studying for exams since I joined the industry. So life is basically work and exam with little social life. To make it worse, I am not a smart person and failed the same exam a few times.

Imagine i am close to 30 already but still need to take exam. Many people quit taking exam once they have kids... it is very tiring.
ZeonKid
post Apr 2 2019, 11:55 PM

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QUOTE(Euler @ Apr 2 2019, 11:22 PM)
Job Title : Actuarial Manager
Job Description : Life Insurance Valuation
Age : 28
Years spent in company : around 4.5 Years
Company : Local Insurance Company
Industry : Insurance
Employment Level : Manager (but more like AM, one level after senior exec)
Experience before joining : 1 year
Highest paper qualification/ education background : Fellowship
Salary : 13.7k
Bonus : 3 months

Feel like quite underpaid in my current company.
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Then I more underpaid than you lol.
ZeonKid
post May 15 2019, 07:43 PM

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QUOTE(ventolin @ May 15 2019, 02:22 PM)
Just accepted a new offer...

Job Title : Account Manager
Age : 27
Years spent in company : Just joined
Company : Global tech start-up
Industry : Data & tech
Tenure : Permanent hire
Employment Level : Manager
Experience before joining (years) : 3 years
Highest paper qualification/ education background : Master's degree
Location : Kuala Lumpur
Average Working Hours Per Week (incl lunch hours): 35 hours
Basic Salary + Fixed Allowance : RM11,000 / month
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Impressed with the working hours...work life balance and with good salary
ZeonKid
post Sep 2 2019, 03:14 PM

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Joined: Dec 2013
QUOTE(wadzee_8 @ Sep 2 2019, 02:26 PM)
Job Title :  Senior Developer (React Native)
Job Desciption : Full Stack Developer
Age : 26
Years spent in company : 8 months
Company :
Industry : Telecommunication
Tenure : 3 years contract.
Employment Level : Executive
Experience before joining (years) : 2 years
Highest paper qualification/ education background : Degree in Computer Science (Software Engineering)
Location : Selangor
Average Working Hours Per Week (incl lunch hours): 40 hours

Monetary Payout
Basic Salary + Fixed Allowance : RM 7200 + 500 allowance.
Benefits (where relevant) :
Health Benefits : Health, Dental, Spectacles?
Transport Benefits : -
Mobile / Internet / Gadget Benefits : Company Telco line
Flexi Working Hours : Very flexible, usual working hours stated in contract are 9-6pm. But most of my colleagues come and work at 10-11 ish and can go home sharp 6pm.
Other Benefits : Parking, work from home?

I was actually given a chance to work from home but decided to work in office to get more understanding of the work culture in a big organization. Mind you, my old job was with a startup so we don't have much office space and usually rent out a hotdesk in a co-working space.
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Ah so nice, high salary and good working hours.
ZeonKid
post Aug 23 2020, 03:57 PM

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Joined: Dec 2013
» Click to show Spoiler - click again to hide... «



Job Title : Actuarial Manager
Job Desciption : Insurance Pricing
Age : 29, 30soon.
Years spent in company : 7 Years
Company : Local Insurance Company
Industry : Insurance
Employment Level : M
Experience before joining : 0 Experience
Highest paper qualification/ education background : Done all actuarial exam, but is not formally a qualified actuary yet.
Salary : 14k
Bonus : 2~3months
Average working hours : since becoming AM last year, has been working till 8pm~10pm every day. during peak period, worked till 11pm~12am. and i insisted not wanting to work on weekend to accompany my family.
and my health has been deteriorating since last year, visiting hospital not less than 5 time in 2019.

supposingly should be 15k this year, (exam + promo + annual increment around 2.5k this year) but took a 1k paycut recently due to bad business and was complain by others due to bad personal performance.

considering to resign and have a short break due to stress and health issue. Just need a last straw to break the camel's back. Currently not the brightest moment in my career. Feeling self-doubt, lack of motivation and depressed.



ZeonKid
post Jul 25 2021, 02:01 PM

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4th update at 8yrs exp

Job Title : Actuarial Manager
Job Desciption : Insurance Valuation
Age : 30
Years spent in company : 8 Years
Company : Local Insurance Company
Industry : Insurance
Employment Level : M
Experience before joining : 0 Experience
Highest paper qualification/ education background : Qualified Actuary
Salary : 16k
Bonus : 2~3months

switched to other team compared to last year... other than that nothing much change. Still alot of stress but already get used to it.
Feel already hitting salary ceiling unless I get promoted to senior manager.
Salary not the top in this thread, but not complaining.

This post has been edited by ZeonKid: Jul 25 2021, 02:02 PM
ZeonKid
post Aug 20 2021, 11:46 AM

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QUOTE(paogeh @ Aug 16 2021, 01:45 AM)
how to get into actuary  ?
Im engineering background .

only started hearing insurance/bank actuary after working.
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I think can start taking SOA preliminary exam first to get the actuarial knowledge.
But personally think no worth to switch after working in another industry, the opportunity cost too high and fresh grad supply is oversaturated...you could have spent the time doing other productive works instead of studying for exam which does not guarantee a job.
ZeonKid
post Aug 20 2021, 11:48 AM

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QUOTE(janeddesa @ Aug 16 2021, 04:28 PM)
Do you know how much paper increment will be paid to a fresh grad who has completed 13 out of the 15 exams through exemptions?
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IFOA? I have heard some top insurer willing to pay 5k to fresh graduates with this many exemption.
ZeonKid
post Aug 20 2021, 03:02 PM

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QUOTE(janeddesa @ Aug 20 2021, 01:07 PM)
Yes, IFOA. Is 5k the total salary (including basic salary) or the increment for the papers passed?
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Including total salary. Sound rugi because you didn't get the full increment, but I think your annual increment will be higher than others to make up for the gap.
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