QUOTE(Namelessone1973 @ Dec 27 2019, 08:21 AM)
Actuarial staff normally enjoy higher pay than other staff in insurance industry but it is mainly due to the longer hours they need to work. There are shortage of experienced actuarial people in the industry and it is not only in Malaysia. My previous company lost nearly 1/2 of their actuarial staff to Singapore. The highest position in actuarial should be the Appointed Actuary. It is not an easy position to achieve and you'll even need Bank Negara approval. Normally, the AA future in insurance companies are very bright as they will be groomed to be CEOs.
Audit Managers is another position where you need to sacrifice long hours. Everybody knows when most graduate starts, their beginning pay is nothing to shout about. Not many people can stand the long hours and most will jump to commercial firms before they reach managerial level. However, if they can bear with the long hours, promotion is usually quite fast. Of course if you have experience in big 4, your reputation will be much better compared to smaller firms.
Actuaries are highly paid at a young age especially if they got their professional qualification early = YesAudit Managers is another position where you need to sacrifice long hours. Everybody knows when most graduate starts, their beginning pay is nothing to shout about. Not many people can stand the long hours and most will jump to commercial firms before they reach managerial level. However, if they can bear with the long hours, promotion is usually quite fast. Of course if you have experience in big 4, your reputation will be much better compared to smaller firms.
However, non of the general insurance companies in Malaysia has actuarial background... EVER.. since the past 50 years.
Perhaps life insurance but as far as I know.. no one groom actuarial to be CEO or COO cause they have a specific skill but it is not suitable for management. It makes sense too cause they lack operation/business knowledge since their skill set is very specific.
This post has been edited by holypredator: Jan 28 2020, 03:44 PM
Jan 28 2020, 03:42 PM

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