How much can an actuary make?

[bloons4]

I've heard many rumors that actuaries make tonnes of money. Now I'm wondering whether I should choose that as my major in uni. Anyone knows what the job is like and what the pay range is like? Can't find much info online in a Singapore context. Don't know any actuary in real life that I can talk to either. Tks.

Originally Posted by bloons4

I've heard many rumors that actuaries make tonnes of money. Now I'm wondering whether I should choose that as my major in uni. Anyone knows what the job is like and what the pay range is like? Can't find much info online in a Singapore context. Don't know any actuary in real life that I can talk to either. Tks.

i've seen the following job ads:

actuarial associate: 8K per month
actuarial manager: 12K per month
actuarial director: 17K per month

Originally Posted by Unregistered

i've seen the following job ads:

actuarial associate: 8K per month
actuarial manager: 12K per month
actuarial director: 17K per month

wow how true is this?

Im quite interested in an actuarial job as well. I've heard that it is a job that is growing in demand, is this true?

the best paying jobs are engineering jobs.
Junior Engineer: 5k
Senior Engineer: 8k
Staff Engineer: 10k
Principal Engineer: 12k
Engineering Manager: 16k
Engineering Director: 30k + shares benefits

Originally Posted by Unregistered

the best paying jobs are engineering jobs.
Junior Engineer: 5k
Senior Engineer: 8k
Staff Engineer: 10k
Principal Engineer: 12k
Engineering Manager: 16k
Engineering Director: 30k + shares benefits

Yeah... Right..
In your dreams !!!!

I am a Senior Engineer in Semicon Sector..
My base pay is a mere 3.5k only...

Originally Posted by Unregistered

wow how true is this?

Im quite interested in an actuarial job as well. I've heard that it is a job that is growing in demand, is this true?

true - see the job ads here:

http://www.headhunt.com.sg/documents...Issue%2064.pdf

http://www.headhunt.com.sg/documents...HIssue66LR.pdf

I am now working in the actuarial dept. The salary is good if you can pass the exams quickly and is technically competent. Another good thing about being an actuary is that you get to do interesting work with reasonable stress level. On the down side, do note that the exams are not easy at all and many intelligent people can get stuck for years and many if not most eventually give up and change profession. Also, the competition for entry level jobs is extremely fierce and the Singapore actuarial industry usually hire about than 5 - 7 fresh grads each year only. Each year, we already have about 100 act science grads and other majors interested in the profession from our local unis. We also receive lots and lots of resumes from other nationalities from unis all over the world. In that sense, it is really risky because you will likely not find an actuarial job and even if you get one, you will likely not be able to pass all exams. On the bright side, there are still many actuaries completing their exams each year and can look forward to a life of relatively high income and "guaranteed" employment.

check out tan kin lian's answers to some questions related to actuarial science.

Tan Kin Lian's Blog: Can an actuary work in financial engineering?

too bad, he didn't talk about the pay.

Originally Posted by Unregistered

the best paying jobs are engineering jobs.
Junior Engineer: 5k
Senior Engineer: 8k
Staff Engineer: 10k
Principal Engineer: 12k
Engineering Manager: 16k
Engineering Director: 30k + shares benefits

Are you talking in terms of Singapore context ?? If it is, you must be dreaming. Junior engineer can even start off at $2K with a diploma. An admin officer, with GCE 'O' levels in stat boards earn way higher than that!!!

Originally Posted by Unregistered

the best paying jobs are engineering jobs.
Junior Engineer: 5k
Senior Engineer: 8k
Staff Engineer: 10k
Principal Engineer: 12k
Engineering Manager: 16k
Engineering Director: 30k + shares benefits

In Singapore? No. It is well known that the best paying jobs in SINGAPORE are those in banking and finance.