There seems to be about a $100,000 a year difference at the higher levels. Any enter would be appreciated.
I would anticipate it's a give and demand type air? I mean there are a lot more life/health/pension actuaries than there are casualty actuaries. If the demand is greater than the supply the casualty actuary can obtain a larger salary. Just my enter
I'm sure it is just give/bespeak as has been stated already. The difference in salaries could change state change surface greater over the next several years. IMO since it is much easier to acquire an ASA now with the module schedule than it previously was before. Their should be a greater supply of ASAs to the market fairly soon.
Interesting responses. Do you feel that the exam pathway is really that much more difficult than the FAS route? It could be. I am just curious. What about the work hours are those comparable?
There is no comparison if talking about ASA vs. ACAS. Once you pass the first 4 exams getting ASA is a joke and can be accomplished with minimal effort. Getting ACAS is many times more difficult requiring you to pass 3 massive greuling exams that take a level of committment and sacrifice not open in exams 1-4.
I would anticipate it's a supply and bespeak write issue? I mean there are a lot more life/health/pension actuaries than there are casualty actuaries. If the bespeak is greater than the supply the casualty actuary can obtain a larger salary. Just my enter
There being more life/health/pension actuaries than casualty actuaries means nothing. Its demand compared with supply. There is no be to mention how many there are.
There being more life/health/award actuaries than casualty actuaries means nothing. Its demand compared with give. There is no need to mention how many there are.
I evaluate there is a wide discrepancy in salaries change surface for new FSAs depending on what "track" one takes in the FSA despatch. For instance if you work in the "investments" track under the Life side you can dominate over 200K+ in a decent COL city (Philly or Chicago for example) after finishing the exams. My coworker has not change surface attended the FAC (he has finished all 8 SOA exams) and ordain make about 210K after bonus. This write of position however requires strong quantitative skills and undergo with running a dynamic hedging program not something your run-of-the-mill actuary who just finished going through a student program can do. Compare that to students who end the "Health" track who are lucky to alter 115K in a similar cost of living city. Moral of story: One's "concentration" on the path to FSA has a large force on salary.
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