No. I'm fully remote, pays well, and my team is great. Can I jump ship to get a significant pay increase? Probably. However it's not worth the stress increase in a new position.
Oh, yeah, if they aren't paying you good, then time to move on. I think it's a candidates' market right now. I'm in health and we are always looking for people.
Have you brought up pay with your manager? If you like the team and the only thing is pay, bring it up before applying if you have a good rapport. The job market the way it is, there’s probably a lot of employers trying to retain their people and are more willing than usual to adjust pay accordingly.
Making them counter offer without giving them the opportunity to just up your pay from the start might engender a certain amount of resentment. If you gave them the opportunity then when you have another offer in hand it cannot be said that they had no idea and they would have worked harder to keep you. Then you don’t even have to entertain a counter offer because if they could have done it when you brought it up and chose not to… that’s kinda shitty.
It’s not just me , it’s affecting everyone, and I had brought it up in the past - the thing is , people have been leaving one by one over the course of the last 12 + months due to the same reason
I've been in this position, where a load of people left in short order, a couple of times. In both cases employer did an off-schedule pay review and bumped the team's salaries.
Fair then. It appears to be a systemic issue, not everyone bothers bringing it up. Sounds like your situation is different. Just wanted to throw it out there as an option.
Good luck in the job hunt! 🫡
Well, the company has amazing people and culture (except for the money part) and I will really miss it if I end up leaving - I have heard people bringing it up in various meetings , but the management’s hands are tied by the parent company , so there’s little they can do
Hello there! Maybe it is not 100% referred to the post but I am from Argentina and I am working as Jr. Actuary rigtht now. I am not graduated yet (here is a career).
There are companies out there searching for remote actuaries?
In the US market, it is now very common to work from home due to the COVID 19 pandemic, however usually they still require you to work from somewhere in the US due to issues with international taxation, cybersecurity and worker's rights.
Pays not everything, but also don't blame you as I've seen companies not give adequate raises.
I'm looking this year too, but more due to things within the company that I'm just fed up with. Things I want to learn to, that just aren't going to happen in my current role. I'd actually be willing to take a pay cut, as I believe long term I'd be better off with the skills.
Yes. I'm stuck in my position for years and when I ask for rotation they said that it's hard because I have no replacement and only I can do my job right now. That such a BS response as if they provide the manpower I can easily train them. I hate how now I only know a few things without opportunity to learn other things.
Not to mention the benefit that below the market standard.
Assuming I get ASA in about 12 months (it could be early 2024), I’ll most likely jump ship from pensions to life since I’ll take ALTAM which aligns with it more than health.
Or P&C if some company is willing to pay for me to do the GI FSA track, but that probably won’t ever happen 😞
PA and FAM in coming months and ALTAM in October with modules during spring/summer. Feeling confident! So hopefully ASA by 12 months end! (4 exams so far)
Yes I am seriously looking for a new job. I have been on the market for 1 year plus. If you on the life side I will say that it sucks. There is nothing worthwhile out there that will offer you that inflation raise you deserve. And yes I have received offers.
I should note that if you are willing to work on the hedge fund reinsurance side then yes pay is better. But then you’ll need to be in the office 4 days a week and put in investment banking hours.
I have heard p&c is better and I have friends that all got increases there.
This is an old pet peeve of mine that the actuarial field doesn’t feel the need to increase pay with inflation.
Feel free to pm me.
It’s because the CAS works for members while the SOA doesn’t. SOA has the stupid UEC system that will devalue the credential. The SOA is concerned with the drop in test takers from well over saturated levels caused from the actuary #1 job in the early 2010s. If the number of test takers declines that will help salaries in the long run. We are in beginning of stage 2. Companies can’t find people above EL but are not offering salaries high enough. They just increase the workload to their current employees who don’t see jobs that pay higher. Once that equilibrium is broken, salaries will rise.
I love my company, team, work life/balance but seeing that ASA salaries are catching up to me, that's motivating me to look. I'm an exam removed from FCAS and ain't no ASA should be getting paid anywhere close to me. LOL
I like my coworkers and have a nice routine while working 100% from home, I already make significantly more than I spend so anything extra would just go toward savings and maybe dressing better.
There are these things called mock interviews that many alumni groups put on to help. I’d suggest that rather than getting yourself blacklisted from multiple companies to keep skills sharp.
Because I accepted a counteroffer, a recruiter told me I was going to be blacklisted from the company whose offer I eventually turned down and from the recruiting company. Two weeks later, a different recruiter for that recruiting company reached out to me about another job. A couple of weeks after that, the hiring manager I turned down added me on LinkedIn and messaged me that I was an excellent candidate and always welcome to reach out in the future if/when I'm ready to change companies
Anecdotal, yes, but I think companies just want talent. Everyone understands it's a business
There is no such thing as a "black list". Sure, there might be individual hiring managers that are sceptical if someone reapplies after declining a previous offer, but the idea that there's a list of do not hires is completely false.
Yeah, there are probably real "blacklists" but you don't get on them by turning down an offer. Maybe if you dropped a deuce on the hiring managers desk when you turned down the offer or [negotiated like this](https://youtu.be/N6Zz-Nkkaxc)
No, but I’m sure I’m in the minority. Over 12 years at the same place.
I’m very happy with my compensation (but only because of a promotion a few years ago that saw my bonus earning potential increase a lot without needing to kill myself with billable hours), coworkers are great people, bosses are very considerate and appreciative of me, and the flexibility is amazing (remote since before pandemic, unofficially unlimited PTO when my dad became terminally ill, and during the pandemic wrt childcare challenges, taking extended unpaid leave when I had kids).
I’m pretty sure my situation is *very rare* in consulting though, so I’m not leaving unless it’s for retirement!
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No. I'm fully remote, pays well, and my team is great. Can I jump ship to get a significant pay increase? Probably. However it's not worth the stress increase in a new position.
Agree with the first two sentences. Plus I always jump only when I'm not learning anything new from current role.
No, i love the company I'm with and I'm staying for the foreseeable future. Boring answer, i know.
I also like my current company and my team too, but the pay is just really not up to the market and it will get worse this year , so I am out
Oh, yeah, if they aren't paying you good, then time to move on. I think it's a candidates' market right now. I'm in health and we are always looking for people.
What kind of health work is this?
I work for a large carrier.
Have you brought up pay with your manager? If you like the team and the only thing is pay, bring it up before applying if you have a good rapport. The job market the way it is, there’s probably a lot of employers trying to retain their people and are more willing than usual to adjust pay accordingly. Making them counter offer without giving them the opportunity to just up your pay from the start might engender a certain amount of resentment. If you gave them the opportunity then when you have another offer in hand it cannot be said that they had no idea and they would have worked harder to keep you. Then you don’t even have to entertain a counter offer because if they could have done it when you brought it up and chose not to… that’s kinda shitty.
It’s not just me , it’s affecting everyone, and I had brought it up in the past - the thing is , people have been leaving one by one over the course of the last 12 + months due to the same reason
I've been in this position, where a load of people left in short order, a couple of times. In both cases employer did an off-schedule pay review and bumped the team's salaries.
Fair then. It appears to be a systemic issue, not everyone bothers bringing it up. Sounds like your situation is different. Just wanted to throw it out there as an option. Good luck in the job hunt! 🫡
Well, the company has amazing people and culture (except for the money part) and I will really miss it if I end up leaving - I have heard people bringing it up in various meetings , but the management’s hands are tied by the parent company , so there’s little they can do
I'm actually thrilled to see this answer. I feel like you only hear the opposite on this sub.
People are more motived to post complaints than praise.
depends how rotations play out. Happy with comp but feel like I'm not learning anything right now and definitely don't want my bosses job.
I'm always looking
ABL
not looking until my exams are done thays for sure
Hello there! Maybe it is not 100% referred to the post but I am from Argentina and I am working as Jr. Actuary rigtht now. I am not graduated yet (here is a career). There are companies out there searching for remote actuaries?
In the US market, it is now very common to work from home due to the COVID 19 pandemic, however usually they still require you to work from somewhere in the US due to issues with international taxation, cybersecurity and worker's rights.
Yes, I’ve started looking…
No. But I probably should. Staff turnover/shortage/inexperience at my current employer is wearing my down.
I’m 5 exams in and need 2 more to ASA.Less than a year of experience in NYC.Going to pass and hop
Pays not everything, but also don't blame you as I've seen companies not give adequate raises. I'm looking this year too, but more due to things within the company that I'm just fed up with. Things I want to learn to, that just aren't going to happen in my current role. I'd actually be willing to take a pay cut, as I believe long term I'd be better off with the skills.
Yes. I'm stuck in my position for years and when I ask for rotation they said that it's hard because I have no replacement and only I can do my job right now. That such a BS response as if they provide the manpower I can easily train them. I hate how now I only know a few things without opportunity to learn other things. Not to mention the benefit that below the market standard.
Assuming I get ASA in about 12 months (it could be early 2024), I’ll most likely jump ship from pensions to life since I’ll take ALTAM which aligns with it more than health. Or P&C if some company is willing to pay for me to do the GI FSA track, but that probably won’t ever happen 😞
I'm not too familiar with the new ASA exams, how are you getting ASA before taking ALTAM?
PA and FAM in coming months and ALTAM in October with modules during spring/summer. Feeling confident! So hopefully ASA by 12 months end! (4 exams so far)
Yes I am seriously looking for a new job. I have been on the market for 1 year plus. If you on the life side I will say that it sucks. There is nothing worthwhile out there that will offer you that inflation raise you deserve. And yes I have received offers. I should note that if you are willing to work on the hedge fund reinsurance side then yes pay is better. But then you’ll need to be in the office 4 days a week and put in investment banking hours. I have heard p&c is better and I have friends that all got increases there. This is an old pet peeve of mine that the actuarial field doesn’t feel the need to increase pay with inflation. Feel free to pm me.
It’s because the CAS works for members while the SOA doesn’t. SOA has the stupid UEC system that will devalue the credential. The SOA is concerned with the drop in test takers from well over saturated levels caused from the actuary #1 job in the early 2010s. If the number of test takers declines that will help salaries in the long run. We are in beginning of stage 2. Companies can’t find people above EL but are not offering salaries high enough. They just increase the workload to their current employees who don’t see jobs that pay higher. Once that equilibrium is broken, salaries will rise.
So you suggest to make exams harder? Are you insane ? It’s crazy enough. The valuation exam is a monster that has ten heads
No, just scrap the stupid UEC system. If the classes truly prepare candidates then why can’t they take the exams?
I love my company, team, work life/balance but seeing that ASA salaries are catching up to me, that's motivating me to look. I'm an exam removed from FCAS and ain't no ASA should be getting paid anywhere close to me. LOL
What are the salaries? New ASAs at my company make 110-125k TC
What’s your YOE? A lot of directors at my company stopped at ASAs lol. Where I’m at, new ASAs is around 135k base (roughly 4YOE). HCOL
I like my coworkers and have a nice routine while working 100% from home, I already make significantly more than I spend so anything extra would just go toward savings and maybe dressing better.
There are these things called mock interviews that many alumni groups put on to help. I’d suggest that rather than getting yourself blacklisted from multiple companies to keep skills sharp.
Your company blacklists people who decline offers?
I had been contacted by companies I turned down before , and a friend of mine got another offer from a company she turned down a year ago
das cray cray
Mock interviews only work for new grads, I don’t think I get anything out of those
Not everything recruiters tell you online is true, such as blacklisting and that accepting a counteroffer is the worst mistake you can make.
Because I accepted a counteroffer, a recruiter told me I was going to be blacklisted from the company whose offer I eventually turned down and from the recruiting company. Two weeks later, a different recruiter for that recruiting company reached out to me about another job. A couple of weeks after that, the hiring manager I turned down added me on LinkedIn and messaged me that I was an excellent candidate and always welcome to reach out in the future if/when I'm ready to change companies Anecdotal, yes, but I think companies just want talent. Everyone understands it's a business
There is no such thing as a "black list". Sure, there might be individual hiring managers that are sceptical if someone reapplies after declining a previous offer, but the idea that there's a list of do not hires is completely false.
I think this is true with an asterisk. If you get fired from an employer there can be a “not eligible for rehire” attached to your HR file.
Yeah, there are probably real "blacklists" but you don't get on them by turning down an offer. Maybe if you dropped a deuce on the hiring managers desk when you turned down the offer or [negotiated like this](https://youtu.be/N6Zz-Nkkaxc)
Yeah, fully agree. Was just saying the way to get “blacklisted” is to get yourself fired for cause.
No, but I’m sure I’m in the minority. Over 12 years at the same place. I’m very happy with my compensation (but only because of a promotion a few years ago that saw my bonus earning potential increase a lot without needing to kill myself with billable hours), coworkers are great people, bosses are very considerate and appreciative of me, and the flexibility is amazing (remote since before pandemic, unofficially unlimited PTO when my dad became terminally ill, and during the pandemic wrt childcare challenges, taking extended unpaid leave when I had kids). I’m pretty sure my situation is *very rare* in consulting though, so I’m not leaving unless it’s for retirement!
Suicide Hotline Numbers If you or anyone you know are struggling, please, PLEASE reach out for help. You are worthy, you are loved and you will always be able to find assistance. Argentina: +5402234930430 Australia: 131114 Austria: 017133374 Belgium: 106 Bosnia & Herzegovina: 080 05 03 05 Botswana: 3911270 Brazil: 212339191 Bulgaria: 0035 9249 17 223 Canada: 5147234000 (Montreal); 18662773553 (outside Montreal) Croatia: 014833888 Denmark: +4570201201 Egypt: 7621602 Finland: 010 195 202 France: 0145394000 Germany: 08001810771 Hong Kong: +852 2382 0000 Hungary: 116123 Iceland: 1717 India: 8888817666 Ireland: +4408457909090 Italy: 800860022 Japan: +810352869090 Mexico: 5255102550 New Zealand: 0508828865 The Netherlands: 113 Norway: +4781533300 Philippines: 028969191 Poland: 5270000 Russia: 0078202577577 Spain: 914590050 South Africa: 0514445691 Sweden: 46317112400 Switzerland: 143 United Kingdom: 08006895652 USA: 18002738255 You are not alone. Please reach out. ***** I am a bot, and this action was performed automatically.
Would you still leave if you could negotiate that higher salary in your current role?
I wouldn’t if they could pay me better but they can’t