Age : 23
Job Title : Actuarial trainee
Job Desciption : Pricing products, financial reporting
Years spent in company : 6 mths
Company : Life insurance startup
Industry : Insurance
Tenure : Full-time
Experience before joining : None
Location : Switzerland
Work hours : 08:00 to 17:00 (2 hours per day study time 8am-10am)
Salary : CHF 4'800 (RM 14'300)
Benefits : Comprehensive medical insurance (free medication and clinic consultations), full travel expenses claim, actuarial qualification education costs, company flat

For UK, a fully qualified actuary commands an annual salary of around £80'000 to £150'000 (RM 515k to RM 950k) + bonus + benefits depending on seniority. European actuaries shouldn't be too far off as well. Can't comment on Australian/American actuaries though.

edit: typo

This post has been edited by fonatic: Feb 4 2008, 04:18 AM

Hmmm, sorry if I'm missing something.. Which jobs are you referring to? Are these local i.e. positions in Malaysia?

Hmmm right.. Can't speak for the others, but what I've posted was Basic gross salary and list of Benefits which value cannot be quantified easily since for example, you do not claim or purchase examination materials every month. It's also better that benefits aren't quantified upfront, you don't get taxed at such a high rate then.

Thanks for the words of encouragement, it's a shame there aren't many opportunities open for budding actuaries in Malaysia itself.

Mmm, citizenship? All the job provides is residence in the country via work permits. As far as I know Swiss citizenship requires something like 12 years of naturalisation, and Liechtenstein (where I live now, 2d work in Switzerland & 3d in Liechtenstein) requires 30 years before you can apply for citizenship.

If your parents were born in the Straits settlements (Singapore, Malacca, Penang) before Independence; your parents and yourself could have gotten Right of Abode if invoked before a certain date. You could actually keep your Malaysian passport and still have the full rights of a British citizen including local fees in UK universities etc. I know someone who has this.

I am not too sure about invoking the Right now, but rumour has it that it is still available with the catch that one has to give up his/her Malaysian passport.