A recruiter called me yesterday talking of permanent actuary jobs in Glasgow for a reputable insurer. I had to explain to her that I wasn't fully qualified therefore the roles were not suitable for me. She was unfamiliar with actuarial jobs then said "oh yes it says they are for those who have just qualified recently". I asked what the salaries were and she said £50k.
My personal view is that this salary is average at best when compared to other professions, especially considering the unique sacrifices of 5-10 years of soul-destroying exams. I expressed this view to her, then she came back talking about pension scheme, bonus scheme... well sorry but pension schemes these days especially for new entrants are very poor compared to what they used to be, and I never heard of people working in actuary earning huge bonuses- more likely to be putting in lots of free overtime to earn it...
When you compare this £50k salary with the generous salaries and pension schemes offered for non-jobs in the public sector, performed by people of far lower calibre than qualified actuaries, it really takes the biscuit. Of course, a job is more than just what you get paid but that's beside the point.
Last edited by a moderator: Feb 21, 2007