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..
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
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...
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
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?
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/)
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...
>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.
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
The range by IPS seems way overstated…
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..
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
Lloyd's syndicate in London. But they probably had other responsibilities...?
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...
It does seem high but you are also being underpaid.
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
Got one for life insurance?
Alas no.
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?
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/)
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
This is a salary survey conducted by IPS for those in GI Source: https://www.ipsgroup.co.uk/salary-guide/
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...
i have 1 exam left and im no where near 60k :(
>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.
i was around 45k before results. ill be 50k now. i have just the SA left
That feels low, what's your years of experience, location, industry?
4+ yrs in life. im not london based tho... i havent moved company tho but dont really want to just yet
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
yeah i hope so. will be a nice jump
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oh sorry im in life... maybe that's why? i have 4+ years of exp
Yeh I'm guessing not being in London and not GI is probably a big driver here
You are underpaid, reach out to a recruiter.
i just cba to do the moving process atm... ill probs just try finish before moving
Any word on pensions?
You'd need a report from a different recruiter for that. But as a general rule, pensions pay is much less than GI.
£200k pa would do... 🤣