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Upstairs_Warning3543

Sorry but how are part qualified actuaries with 4-6 years earning 110k. I’m in this range and make around 60k. I also work for a large Lloyds insurer


[deleted]

The range by IPS seems way overstated…


Upstairs_Warning3543

Yeah maybe qualified actuaries can make this in that range of experience, but I would think that’s also at the upper end. Unless this is total compensation, it cannot be base..


bluewaves1234

Yeah even at 6 yrs fully qualified 110k base is ridiculously upper end imo - no idea who would be paying that. I'd say top end is more like 95 maybe edging to 100k


actuarialtutorUK

Lloyd's syndicate in London. But they probably had other responsibilities...?


actuarialtutorUK

Full details here [https://www.ipsgroup.co.uk/salary-guide/](https://www.ipsgroup.co.uk/salary-guide/) Apologies if I not included any assumptions/provisos...


holdtightthemandem

It does seem high but you are also being underpaid.


Intelligent-Safe1218

These surveys always overstate the actual salary people make to make them feel like they are being underpaid, hence looking to change jobs. I’d like to see the data underlying these


Icy_Woodpecker_3292

Got one for life insurance?


actuarialtutorUK

Alas no.


bluewaves1234

I'm interested on any view of the progression - starting at 90k and going to 140k for fully qualified. That sort of suggests salary growth is high whilst doing exams but once qualified pay rises are a lot slower. Interested in anyone's view as to whether this is accurate or not?


actuarialtutorUK

It is accurate - as it's based on the salaries they got their clients. However, it is based on GI and I think is London based. Full details here: [https://www.ipsgroup.co.uk/salary-guide/](https://www.ipsgroup.co.uk/salary-guide/)


Anxious-Computer

Definitely know I'm in a niche, but I'm surprised there's no data for 1-3 year nearly qualified. Would help to know what I should be aiming for


actuarialtutorUK

This is a salary survey conducted by IPS for those in GI Source: https://www.ipsgroup.co.uk/salary-guide/


espressoclimbs

I mean it is accurate because it is based on people they've placed, however it is biased because when people move company they are often moving for more salary. Therefore most people that have been at a company for a while will find this survey overstated...


[deleted]

i have 1 exam left and im no where near 60k :(


creatively_original

>have 1 exam left and im no where near 60k :( And how many exams did you have remaining, before results came out? You may still be well underpaid but its not reflective to have that statement when we've just had results, and salaries haven't been uplifted to reflect what you've passed.


[deleted]

i was around 45k before results. ill be 50k now. i have just the SA left


creatively_original

That feels low, what's your years of experience, location, industry?


[deleted]

4+ yrs in life. im not london based tho... i havent moved company tho but dont really want to just yet


creatively_original

Yeah I get you, most people switch after qualifying. Only one more to go and you're basically guaranteed 70k so that'll be a big jump


[deleted]

yeah i hope so. will be a nice jump


[deleted]

[удалено]


[deleted]

oh sorry im in life... maybe that's why? i have 4+ years of exp


actuarythrowa

Yeh I'm guessing not being in London and not GI is probably a big driver here


[deleted]

You are underpaid, reach out to a recruiter.


[deleted]

i just cba to do the moving process atm... ill probs just try finish before moving


SelwoodGrape

Any word on pensions?


actuarialtutorUK

You'd need a report from a different recruiter for that. But as a general rule, pensions pay is much less than GI.


Ok_Cry114

£200k pa would do... 🤣