01-03-2004, 09:23 AM
Sumaaan, thank you for taking time and comment on the subject.
No offence intended, but I feel that you did not get my argument quite right. My argument about the salaries was totally intact to the starting salaries, which I also think does make sense for comparison purposes.
Your quotations and references are inevitably acceptable, but I think you assumed the case for an experienced actuary, as the proposed article was relating to qualified and experienced professionals. What my comparison was, I said in some instances, Investment Analystâs starting salary could well be higher than a recently qualified actuary. I admit that I did not use the word ârecentlyâ, which I think created misunderstanding, but thatâs what my point related to.
According to the report recently published by the Institute of Actuaries, the starting salary for a recently qualified actuary, averaged over all industries, was just over £41,000 per annum. However, the case that I was referring to, says that I know a person very well, who last year graduated from the LSE and was offered a starting salary of £47,000 per annum for a role in a Mergers & Acquisition team of a top-tier US investment bank. I totally agree that this might well be true for some odd instances, but generally, the starting salaries of analysts for top-tier investment banks in the London are in the region of £36k - £47k. (and these positions only require a BSc and definitely not a MBA or CFA etc). However, for Actuarial trainee with no exemptions, the average starting salary is around £25k, and with BSc Actuarial Science, around £30k.
Secondly, the investment bankers play an imperative role in todayâs economies, so how come they are not classified in âThe Ten Best Jobsâ.
AHSAN
No offence intended, but I feel that you did not get my argument quite right. My argument about the salaries was totally intact to the starting salaries, which I also think does make sense for comparison purposes.
Your quotations and references are inevitably acceptable, but I think you assumed the case for an experienced actuary, as the proposed article was relating to qualified and experienced professionals. What my comparison was, I said in some instances, Investment Analystâs starting salary could well be higher than a recently qualified actuary. I admit that I did not use the word ârecentlyâ, which I think created misunderstanding, but thatâs what my point related to.
According to the report recently published by the Institute of Actuaries, the starting salary for a recently qualified actuary, averaged over all industries, was just over £41,000 per annum. However, the case that I was referring to, says that I know a person very well, who last year graduated from the LSE and was offered a starting salary of £47,000 per annum for a role in a Mergers & Acquisition team of a top-tier US investment bank. I totally agree that this might well be true for some odd instances, but generally, the starting salaries of analysts for top-tier investment banks in the London are in the region of £36k - £47k. (and these positions only require a BSc and definitely not a MBA or CFA etc). However, for Actuarial trainee with no exemptions, the average starting salary is around £25k, and with BSc Actuarial Science, around £30k.
Secondly, the investment bankers play an imperative role in todayâs economies, so how come they are not classified in âThe Ten Best Jobsâ.
AHSAN
