Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries


How much can an actuary make?

Reply
 
Thread Tools
  #1 (permalink)  
Old 15-11-2010, 10:04 AM
Junior Member
 
Join Date: Nov 2010
Posts: 1
bloons4 is on a distinguished road
Default How much can an actuary make?

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.
Reply With Quote
  #2 (permalink)  
Old 15-11-2010, 10:25 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by bloons4 View Post
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
Reply With Quote
  #3 (permalink)  
Old 16-11-2010, 05:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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?
Reply With Quote
  #4 (permalink)  
Old 16-11-2010, 07:28 PM
Unregistered
Guest
 
Posts: n/a
Default

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
Reply With Quote
  #5 (permalink)  
Old 18-11-2010, 08:34 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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...
Reply With Quote
  #6 (permalink)  
Old 18-11-2010, 01:09 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Reply With Quote
  #7 (permalink)  
Old 03-04-2011, 09:08 PM
Unregistered
Guest
 
Posts: n/a
Default Actuarial Jobs

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.
Reply With Quote
  #8 (permalink)  
Old 04-04-2011, 06:15 PM
Unregistered
Guest
 
Posts: n/a
Default

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.
Reply With Quote
  #9 (permalink)  
Old 06-04-2011, 02:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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!!!
Reply With Quote
  #10 (permalink)  
Old 07-04-2011, 11:32 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
Reply

Bookmarks

Tags
actuarial science, actuary, finance, insurance

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Property Agents make A LOT of Money Salary.sg Income and Jobs 204 18-06-2014 06:06 PM
how to make it big in engineering? wulala Income and Jobs 6 12-04-2011 04:00 PM
SMU Fresh Grads Make $4k to $10k Salary.sg Income and Jobs 140 04-06-2010 06:42 PM
Tuition Teachers Make 20k Salary.sg Income and Jobs 6 28-10-2008 12:00 PM

» 30 Recent Threads
Compare civil service salary ( 1 2 3... Last Page)
5,284 Replies, 2,126,825 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
65 Replies, 8,599 Views
How much are you earning per annum? ( 1 2 3... Last Page)
7,725 Replies, 1,696,434 Views
Recruitment for MA position, earn... ( 1 2 3)
28 Replies, 576 Views
Working Culture in IRAS ( 1 2)
19 Replies, 13,390 Views
Work culture in IHiS ( 1 2 3... Last Page)
56 Replies, 23,027 Views
should I stay in this job? ( 1 2)
19 Replies, 731 Views
Help me out! Should I return?
4 Replies, 179 Views
Big4 Advisory VS Banking Tech &...
5 Replies, 187 Views
Will I be Jobless as an Accountant? ( 1 2)
15 Replies, 1,359 Views
Maritime Studies (Career Dilemma) ( 1 2)
10 Replies, 775 Views
Civil/Public Sector -... ( 1 2 3... Last Page)
98 Replies, 13,086 Views
Which degree is more relevant and... ( 1 2)
19 Replies, 1,159 Views
15% pay cut from private sector to... ( 1 2 3... Last Page)
1,172 Replies, 429,218 Views
Big 4 vs Govt Sector ( 1 2)
14 Replies, 952 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
835 Replies, 493,496 Views
SIM-RMIT fresh grad starting pay ( 1 2 3... Last Page)
74 Replies, 37,531 Views
Urgent advice needed! SPF vs...
4 Replies, 864 Views
How much savings do you have? ( 1 2 3... Last Page)
933 Replies, 234,782 Views
Lawyer Salary ( 1 2 3... Last Page)
373 Replies, 236,267 Views
HR-related Jobs - How much are you... ( 1 2 3... Last Page)
845 Replies, 199,177 Views
Job grades and responsibilities in... ( 1 2)
11 Replies, 3,386 Views
Credit Suisse - Compliance... ( 1 2 3... Last Page)
44 Replies, 9,716 Views
Anyone working in french banks...
3 Replies, 412 Views
Corp Comms and PR people pls come... ( 1 2)
19 Replies, 3,525 Views
Engineering and Technology Careers... ( 1 2 3... Last Page)
204 Replies, 34,137 Views
Process Technician/Operation... ( 1 2 3... Last Page)
107 Replies, 64,497 Views
Powered by vBadvanced CMPS v3.2.2

All times are GMT +8. The time now is 10:04 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2