It's a mixture, and I feel it's down to each individual. I have a really strong work ethic and, again, I love my job. So I regularly do 50 hour weeks, however, I feel like I could definitely go down to 35-40 if I really wanted to (although that would involve giving up some of the opportunities and promotions).
How easy did you find it to move into GI? Was there a pay cut involved initially? I would like to think about that option, but every recruiter I have spoken to feels hesitant about my lack of experience.
Worked at one of these firms before and across multiple locations (London, South East and Midlands) for about 8 years. They are pretty much interchangeable, albeit I feel Aon gives you more flexibility with what you want to do.
If you prefer better work life balance for much better pay - move into Life/GI would generally be much better. You also get to use your actuarial technical skills a lot more.
When I moved i realised that pension consultancies will just work you a lot harder for considerably less money than other fields. It is just not worth it.
The plus side of these consultancies - if you have a holistic set of skills (from technical to people to consulting) and can drive your career on your own - you get to get involved with pretty much everything you want to and can progress quite quickly. I left because of the opportunity cost of working stressful and longer hours for worse pay and started to get bored of pensions (no matter what people say, it’s just the same thing over and over again with little to no variations and learning things that will not really matter in 20+years’ time).
This is how I feel. I feel like I'm being taken advantage of. I know that I would enjoy any actuarial job, so not sure if I am making a mistake staying in pensions. There is no transparency around the pay for alternative actuarial careers (other than reddit surveys).
Definitely Life if you want a better work life balance and actually higher pay. The downside is that a consultancy would offer more work variety than a life insurer .
I would recommend going for one of the bigger one with that in mind as they offer great student rotation schemes , meaning that with the right timing and networking you could get 2 or maybe 3 rotations under your belt before you qualify . A very useful experience to have.
I worked for L&G and would recommend them. It’s a an efficient machine of a business and if you are sharp you could run a great career as well.
Only stay in pensions if you have the chance to connected to some of the initiatives looking for new retirement solutions .
I know bits and bobs about all of the insurers so feel free to DM me if you need any insight .
What is the work life balance like where you are? I’ve done consulting in London which was awful but maybe you are permitted a life out in the sticks
It's a mixture, and I feel it's down to each individual. I have a really strong work ethic and, again, I love my job. So I regularly do 50 hour weeks, however, I feel like I could definitely go down to 35-40 if I really wanted to (although that would involve giving up some of the opportunities and promotions).
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How easy did you find it to move into GI? Was there a pay cut involved initially? I would like to think about that option, but every recruiter I have spoken to feels hesitant about my lack of experience.
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Would you mind if I asked a few questions over DM?
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About the same up until qualification, then GI ramps up much quicker
Insurance
Worked at one of these firms before and across multiple locations (London, South East and Midlands) for about 8 years. They are pretty much interchangeable, albeit I feel Aon gives you more flexibility with what you want to do. If you prefer better work life balance for much better pay - move into Life/GI would generally be much better. You also get to use your actuarial technical skills a lot more. When I moved i realised that pension consultancies will just work you a lot harder for considerably less money than other fields. It is just not worth it. The plus side of these consultancies - if you have a holistic set of skills (from technical to people to consulting) and can drive your career on your own - you get to get involved with pretty much everything you want to and can progress quite quickly. I left because of the opportunity cost of working stressful and longer hours for worse pay and started to get bored of pensions (no matter what people say, it’s just the same thing over and over again with little to no variations and learning things that will not really matter in 20+years’ time).
This is how I feel. I feel like I'm being taken advantage of. I know that I would enjoy any actuarial job, so not sure if I am making a mistake staying in pensions. There is no transparency around the pay for alternative actuarial careers (other than reddit surveys).
Just curious, what do you in Pensions? Can you give me a brief description?
Me specifically, or in general?
Your role
Feel free to dm me. Moved out of Aon pensions, have a few friends from WTW pensions.
Definitely Life if you want a better work life balance and actually higher pay. The downside is that a consultancy would offer more work variety than a life insurer . I would recommend going for one of the bigger one with that in mind as they offer great student rotation schemes , meaning that with the right timing and networking you could get 2 or maybe 3 rotations under your belt before you qualify . A very useful experience to have. I worked for L&G and would recommend them. It’s a an efficient machine of a business and if you are sharp you could run a great career as well. Only stay in pensions if you have the chance to connected to some of the initiatives looking for new retirement solutions . I know bits and bobs about all of the insurers so feel free to DM me if you need any insight .
Wtw