I agree with that but the beneficiaries of these additional costs are not the employees. I bet if you traced starting salaries of actuarial students over time that it would not have kept up with inflation.
I would also argue that firms have brought unnecessary costs onto themselves with their ill-founded faith in HR professionals and recruitment agents, who seem to be involved more and more in decisions to hire actuaries when frankly they know nothing about the job.
Last edited by a moderator: Sep 17, 2014