09-04-2005, 06:26 PM
I can't comment much on the salary side of CA but that they would be somewhere 40k - 60k to start with - ofcourse some would get a lot more and some may not get even be in this range. I think on average this above figures would be the case, but I'm sure our CA members can put light on this.
For qualified actuaries - again I don't have the precise data, but I would imagine it to be around 60k-80k in the consultancies and State Life, I think but please don't quote me, are paying their fresh actuaries around 120k - 130k. But they may have only 1-2 vacancies every 2-3 years.
An actuary is also a Fellow and only Fellows are called Actuaries - rest are called whatever but actuary. You become a Fellow after some work experience (usually 3 years) and passing (through exemptions or otherwise) all exams set by an actuarial body.
Correspondant is something not a status of membership but may be someone who speaks on behalf of the actuarial body.
Associates are those people who have not cleared all the papers of the profession and have 1 years of work experience. Usually you will find there are a lot of fellows but not many associates.
Affiliate are those who have some actuarial background but not have cleared exams upto the requirement for associate level. Affilates tend to be those people who may have done a BSc. or MSc. in actuarial science but then decided not to persue the career. Or, someone who is working alongside actuaries but doesn't want to get in the hassle of actually studying for the qualification.
Hope it helps.
DT
For qualified actuaries - again I don't have the precise data, but I would imagine it to be around 60k-80k in the consultancies and State Life, I think but please don't quote me, are paying their fresh actuaries around 120k - 130k. But they may have only 1-2 vacancies every 2-3 years.
An actuary is also a Fellow and only Fellows are called Actuaries - rest are called whatever but actuary. You become a Fellow after some work experience (usually 3 years) and passing (through exemptions or otherwise) all exams set by an actuarial body.
Correspondant is something not a status of membership but may be someone who speaks on behalf of the actuarial body.
Associates are those people who have not cleared all the papers of the profession and have 1 years of work experience. Usually you will find there are a lot of fellows but not many associates.
Affiliate are those who have some actuarial background but not have cleared exams upto the requirement for associate level. Affilates tend to be those people who may have done a BSc. or MSc. in actuarial science but then decided not to persue the career. Or, someone who is working alongside actuaries but doesn't want to get in the hassle of actually studying for the qualification.
Hope it helps.
DT
