My Actuary Salary Progression (Real $ Amounts)

  Рет қаралды 54,631

Etched Actuarial

Etched Actuarial

Күн бұрын

Пікірлер: 124
@jucadimo762
@jucadimo762 3 жыл бұрын
Thank you Brea, this is one of the most informative videos on actuarial science I've seen.
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Yay! :D That makes me so happy to hear!
@zionyoung4780
@zionyoung4780 3 жыл бұрын
Thank you Brea! I used your Etched Actuarial study schedule when I first began studying. It really helped me learn how to build my own rythm! Well done and keep helping us young aspiring actuaries!
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
So happy to hear that Zion! That's the goal!
@daanialahmad1759
@daanialahmad1759 3 жыл бұрын
Thank you Brea for continuously keeping Aspiring Actuaries motivated.
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
So glad you watched, Daanial! :D
@daanialahmad1759
@daanialahmad1759 3 жыл бұрын
@@EtchedActuarial Your videos are always very nice, informative and motivating. Your hard work could be seen in all your videos. Thank you so much Brea!
@moabi4158
@moabi4158 3 жыл бұрын
Damn, this is not what I was expecting in terms of salaries made, but thanks for the insight really helps out
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
There's still lots of opportunity to go further!
@yuqiuwei9997
@yuqiuwei9997 3 жыл бұрын
As a candidate pursuing FSA but working in Japan, I got zero support (both financially or paid study leaves) from my company, and the actuarial salary here is way more lower than in the US or Canada.
@くまの味噌汁
@くまの味噌汁 Ай бұрын
How are you doing now? As a Japanese American I was hoping to do something similar, so I’d love to hear your insights!
@candidlyvivian
@candidlyvivian 3 жыл бұрын
Hey Brea! Love your transparency in this video and your journey is really inspiring! I'm a small KZbinr and data scientist so I completely relate to things you said :)
@SayyidEditz
@SayyidEditz 3 жыл бұрын
I still have a couple of years after ehcih I'll attempt my Actuarial exams but your videos help me keep informed and stay motivated all this time.
@PaulMoorshead
@PaulMoorshead 3 жыл бұрын
Wow - you show amazing energy throughout the video!
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Thanks Paul!
@jschompzy8017
@jschompzy8017 3 жыл бұрын
This is so helpful, I've been so worried about how I would integrate into the actuarial field
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Glad you found it helpful!
@pikapikachu9492
@pikapikachu9492 3 жыл бұрын
I thought you can only take the actuarial exams after you graduate lol thanks so much. I am planning to become an actuarial and make enough money to pursue my passion.
@Sara-ct8xe
@Sara-ct8xe 11 ай бұрын
Thank you very much. You're perfect. And your information were great. ❤😊 i am applying for phd in actuarial science. But i love to become an actuary
@EtchedActuarial
@EtchedActuarial 11 ай бұрын
Thank you so much for your sweet words! It's awesome that you're diving into the world of actuarial science and aiming for a Ph.D. That's some serious dedication! If you ever need tips, insights, or just want to geek out about all things actuarial, you know where to find me. Best of luck on your PhD journey and the exciting road to becoming an actuary!
@kyle.p
@kyle.p 3 жыл бұрын
As always, it was truly helpful and aspiring. Thanks a lot :)
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
You're very welcome, Kyle! Glad it helped :D
@manonaboat8515
@manonaboat8515 Жыл бұрын
Being an actuary sucks. 3 exams on my belt, when you look at the salary it seems decent but when you actually count the hours spent working it turns out to be $26-$32/hr. I’m leaving the profession soon
@EtchedActuarial
@EtchedActuarial Жыл бұрын
I get where you're coming from after passing three actuarial exams. While fully qualified actuaries can make good money, it really depends on how you define "good money." Consider the time and effort invested, compare it to average salaries, and explore similar job options. If the actuarial path doesn't meet your expectations, you may be right that it might be time to explore other careers that align better with your goals and happiness. Your well-being matters most, so choose a path that suits you best. 😊
@hansgulbranson9506
@hansgulbranson9506 11 ай бұрын
This is crazy because in my first year as an actuary with 2 exams passed, I'm making 76,500.
@EtchedActuarial
@EtchedActuarial 11 ай бұрын
That's awesome progress with 2 exams under your belt! Making $76,500 in your first year? That's great! Do you mind me asking when you started working as an actuary?
@hansgulbranson9506
@hansgulbranson9506 11 ай бұрын
@@EtchedActuarial I started in August. I was a teacher before this and studied for the exams while I was teaching.
@baanhtruong934
@baanhtruong934 3 жыл бұрын
Thank you for the video, Ms.!
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
You're so welcome!
@Todd.T
@Todd.T 3 жыл бұрын
So when my buddy says his kid is going to make 200K when he graduates, he might be a bit off.
@Tamar5594
@Tamar5594 3 жыл бұрын
Starting pay is much higher now BUT not 200k high.
@nicmalugin-dm9ju
@nicmalugin-dm9ju 7 ай бұрын
Depends where and when he’s gonna graduate, if he’s gonna graduate in 10 years the inflation and rising salary might buff up the salary
@Todd.T
@Todd.T 7 ай бұрын
@@nicmalugin-dm9ju I don't see the job as a necessity because it is a financial one. Any financial position that involves you asessing information and making decisions based on laws can be automated. Just like a tax preparer, there is no reason why I can't get my tax information with a QR code and have a computer scan it, put the information in the appropriate boxes and spit out a result. Good luck to the job even being there in a few years, I guess.
@angy_g
@angy_g 2 жыл бұрын
I’m surprised with the first salaries. I thought in USA you earn more money in the beginning of your career. Here in Spain if you just finished a master of it you earn 30-35k euros per year in insurance companies or 20-24k (every year there is a salary increase around 3-5k) in big4
@EtchedActuarial
@EtchedActuarial 2 жыл бұрын
Oh wow! Interesting to hear what the salaries are like in other countries, thank you for sharing!
@justintime7351
@justintime7351 2 жыл бұрын
Those first years she was still in college. She graduated 2013, and that's just from.bachelors
@nicmalugin-dm9ju
@nicmalugin-dm9ju 7 ай бұрын
She’s in Canada or atleast the dollars were Canadian
@SmokingwithBush
@SmokingwithBush 3 жыл бұрын
Another great one. Thanks, Brea
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
You're welcome!
@aleckaral1845
@aleckaral1845 3 жыл бұрын
This is a great vid, and I’m not throwing any shade but I feel like you stayed on the lower side of the average incomes. I’ve seen some salary graphs for actuaries showing that 5 exams passed has an average salary of over 100k. I also have a cousin that is 27 and has 8 exams passed, and she is making close to 180k in Boston. Do you feel like you missed out on some possible salary somewhere along the way?
@ryanp4133
@ryanp4133 3 жыл бұрын
Canadian salaries and American salaries are not comparable. The actuarial field is way more competitive in Canada which drives down salaries. Also Boston has a very high cost of living.
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Possibly! My area has a large supply of entry-level actuaries (I'm right near a bunch of great actuarial schools). So maybe that had something to do with it.
@aleksflores9016
@aleksflores9016 3 жыл бұрын
Thanks for showing us how to progress in this interesting path Brea 👌🤩
@deangulberry1876
@deangulberry1876 6 ай бұрын
These exams are extremely difficult. They cost hundreds of dollars just to take one. Hundreds more for study material. With zero guarantee of getting hired.
@404TRUCKERTV
@404TRUCKERTV 2 жыл бұрын
Omg, girl you killed it. Put Accountants and CPAs to shame.😆🤣😂👏
@EtchedActuarial
@EtchedActuarial 2 жыл бұрын
😂😂
@rutu1011
@rutu1011 2 жыл бұрын
While this video is very informative, my two cents are that people do need to take inflation in account. For example, I have only passed four exams so far and yet I make at least 10% more than what you reported for 2018. Partly because I have a vast experience in data analysis and I was working as a data analyst long before switching to actuarial science my undergrad degree is in computer science. But what I’m getting to here is that depending upon the organization you work for, actuarial analysts do tend to make higher salaries than regular data analyst regardless of exam status.
@EtchedActuarial
@EtchedActuarial 2 жыл бұрын
Thanks for sharing your insights, Rutu! :)
@mohamedabdielmi5053
@mohamedabdielmi5053 3 жыл бұрын
IAM ACTURIAL SCIENCE STUDENTS FIRST YEAR at kenya .You really give me relevant information .I will be connected to you
@etchedactuarialinc4929
@etchedactuarialinc4929 3 жыл бұрын
Glad to hear it helped Mohamed!
@bigboldbicycle
@bigboldbicycle Ай бұрын
9:35 "I just felt more drawn to the money available on KZbin and the creative process" which is not a bad thing, but be honest to yourself and everyone.
@EtchedActuarial
@EtchedActuarial Ай бұрын
Honestly, I really struggled on my own actuarial journey, and just wanted to provide support to others who were going through the same thing. Helping future actuaries truly is my passion project! I understand your skepticism, but I hope this clears things up :)
@aary8716
@aary8716 3 жыл бұрын
So what's your profession now????
@CarsonRay-u9e
@CarsonRay-u9e 6 ай бұрын
Am learning a lot.
@EtchedActuarial
@EtchedActuarial 6 ай бұрын
Happy to help!
@nickkatsa3779
@nickkatsa3779 2 жыл бұрын
If someone has a bachelor in math (4 year studies ) , a master in actuarial science from the university of Manchester and has passed 2-3 exams passed his monthly paycheck will be ? Let’s say over 12000 , what his salary would be ?
@EtchedActuarial
@EtchedActuarial 2 жыл бұрын
Hey there! It's hard to say exactly how much you'd make with those credentials, since it depends more on what area of the actuarial field you go into! I'd check out these salary surveys for more info: www.dwsimpson.com/about/salary-survey/
@g07denslicer
@g07denslicer 3 жыл бұрын
Wait, you doubled your salary working in the same company in the span of 4 years? How?
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Passing actuarial exams, getting associateship, annual raises, bonuses. You get raises for passing exams and achieving other actuarial milestones. As I passed more exams, my seniority increased too which also resulted in raises.
@clerrysam1
@clerrysam1 Жыл бұрын
Impressive! Any guide on where I can learn VBA for life without being in an insurance job?
@EtchedActuarial
@EtchedActuarial Жыл бұрын
We do have VBA courses and projects in the Actuary Accelerator Community that you could use. Then you could look for stepping stone positions that allow you to use this skill while also gaining other relevant experience. You'd be surprised how much VBA can be used in the workplace!
@kartikkulkarni3138
@kartikkulkarni3138 3 жыл бұрын
Hey Brea, great video. It was really helpful👍. I just wanted to whether you were in a Co-op program in University of Waterloo? If yes, how do you think the Co-op helped you with the Actuarial internships? Did it help you find internships in jobs you wanted?
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Hey Kartik! You can learn more about my Waterloo experience in this video kzbin.info/www/bejne/nmeXZ2loi9etqLc And here's one all about internships kzbin.info/www/bejne/r6Onqoyij6eLgM0
@justhereforfun34
@justhereforfun34 3 жыл бұрын
Apart from passing exams, did your role/responsibility change throughout the years when you had your full-time job?
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
I was in the same position for the majority of the time while I was in a full time role. I wouldn't say that my responsibilities changed drastically, however as I gained more experience, I was able to contribute and problem solve more independently. I was also able to make more suggestions and produced higher quality work.
@zainaltaf4752
@zainaltaf4752 3 жыл бұрын
Great vid very informative for those looking to get into this field. Sorry for being cheeky in advance but is this ur annual salary or monthly...
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
The video shows the annual amount!
@zainaltaf4752
@zainaltaf4752 3 жыл бұрын
@@EtchedActuarial that's great but I thought actuaries were the highest paid people in world but my brother he's earning more than $300k per annum and he a medical consultant.
@haleyadamic
@haleyadamic 3 жыл бұрын
@@zainaltaf4752 you've been misinformed.
@ACTUARY-s4t
@ACTUARY-s4t 10 күн бұрын
Hello Brea , I am at the verge of finishing my Bachelors in Actuarial Science . I am planning to start the IFOA exams , please advise me about that , which ones are the best exams to undertake ?
@EtchedActuarial
@EtchedActuarial 9 күн бұрын
That’s an exciting milestone-congrats on almost finishing your degree! For IFOA exams, starting with CS1 (Actuarial Statistics) and CM1 (Actuarial Mathematics) is a great choice since they cover core skills you’ll need as an actuary. It’s also smart to focus on the ones that align with topics you’ve studied recently. Good luck, and feel free to ask if you need more guidance!
@ACTUARY-s4t
@ACTUARY-s4t 6 күн бұрын
@@EtchedActuarial wow , thanks for the feedback God bless you! So , is IFOA recognized world wide?
@throughmyeyeshere
@throughmyeyeshere Жыл бұрын
Hi Brea, are the numbers gross pay or net pay?
@jessicazhang6508
@jessicazhang6508 3 жыл бұрын
🥳 Thankks
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
You're welcome Jessica!
@alexpalmer79
@alexpalmer79 2 жыл бұрын
yknow what that was a ninja tip 👍
@khunpark3468
@khunpark3468 3 жыл бұрын
Thank you so much for this information . Can I ask about the opportunity for the foreigner to work in Canada?
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Hey Candy, you can take a look at the steps in this video kzbin.info/www/bejne/iXnbnXygfJunq80 The steps would be similar for foreigners except you'd likely need to have a stronger application and really show how you'll be a good fit.
@khunpark3468
@khunpark3468 3 жыл бұрын
@@EtchedActuarial Thank you so much😍😍
@smitmistry8728
@smitmistry8728 3 жыл бұрын
Pls make videos related to UK/Indian Context !!
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Hey there! Unforunately I'm not too familiar with the actuarial process over there.
@brightmulenga1134
@brightmulenga1134 11 ай бұрын
Hi, I am a degree holder in the Bsc in Economics and Finance and diploma in Accounting . Do you think doing a Msc in Actuarial Science would be a great route especially if I want to go into data science or pension fund management
@EtchedActuarial
@EtchedActuarial 11 ай бұрын
Hi! I actually don't recommend getting a Master's in Actuarial Science. I'd recommend getting relevant experience and working on passing the exams instead. I hope this helps!
@brightmulenga1134
@brightmulenga1134 11 ай бұрын
@@EtchedActuarial you mean like the actuarial science board exams ?
@olufemisamuelbankole2197
@olufemisamuelbankole2197 3 жыл бұрын
Is the money you made net of tax or tax inclusive? Was it USD or CAD you made money in?
@jucadimo762
@jucadimo762 3 жыл бұрын
She said that's what she reported on her income tax, so it must be before tax. CAD.
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
@@jucadimo762 Yuppers!
@Eduardo-cr8ri
@Eduardo-cr8ri 2 жыл бұрын
These figures aren't adjusted for inflation, are they?
@EtchedActuarial
@EtchedActuarial 2 жыл бұрын
No, these are the amounts I made at the time!
@maryb3428
@maryb3428 3 жыл бұрын
Thank you for this video! Is this in USD?
@jucadimo762
@jucadimo762 3 жыл бұрын
No. If you look at the Y axis of the graph she used, it says Canadian $. Right now 1 USD equals 1.257 CAD.
@maryb3428
@maryb3428 3 жыл бұрын
Thank you!
@AntoniWroblewski78
@AntoniWroblewski78 2 жыл бұрын
Why were the incomes not converted to real dollars?
@nicmalugin-dm9ju
@nicmalugin-dm9ju 7 ай бұрын
It was in CAD, USD is 73% of the value of CAD and with inflation it’s and wage differences you can expect similar numbers if not greater
@jedidjaeliafre3813
@jedidjaeliafre3813 2 жыл бұрын
Did you dislocate in order to commit with each internship??
@EtchedActuarial
@EtchedActuarial 2 жыл бұрын
Haha nope! :) I was really lucky to have a lot of internship options during school, and it definitely helps to start with a non-actuarial one to increase your chances with an actuarial internship later!
@SantoshSharma-qz9cy
@SantoshSharma-qz9cy 3 жыл бұрын
Well i wanna know that these salaries are based on monthly or yearly?
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Yearly
@UniquelyMe27
@UniquelyMe27 3 жыл бұрын
will you continue to take exams to become a fellow?
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
I don't have plans for that right now, because I'm focused on helping aspiring actuaries. But it's definitely possible in the future!
@bo_1093
@bo_1093 3 жыл бұрын
I have a question I want to do Bsc in Applied Mathematics in USA and then want to become an Actuary how should i do it from Undergrad can you help?
@kemar6579
@kemar6579 3 жыл бұрын
timely
@49riffinator
@49riffinator 3 жыл бұрын
How did you go from 72.5K to 97.3K from 2016 to 2017? You already got your ASA the year prior right?
@pauloznarf
@pauloznarf 3 жыл бұрын
It looks like she got credentialed in 2016 but the full salary bump was reflected in the year after. Probably she didnt got her ASA at the very beginning of 16 and also it took some time for the company to adjust her salary. Thats what I would assume based on the video info.
@49riffinator
@49riffinator 3 жыл бұрын
@@pauloznarf yeah that makew sense, just re watched that part after your comment
@Pragyamalik27
@Pragyamalik27 3 жыл бұрын
Is it easy for an average student?☹️
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
Becoming an actuary is definitely not easy! It's a long process with all the exams, but it can also be a very rewarding career if it's the right fit for you. Learn more about whether it's suitable for you here kzbin.info/www/bejne/d3TCZZSXrZ2ifKM&
@blveflame
@blveflame 3 жыл бұрын
Motivation is the key to everything.
@cloudy9bro
@cloudy9bro Жыл бұрын
Are these figures per year or per month
@nicmalugin-dm9ju
@nicmalugin-dm9ju 7 ай бұрын
It seems like it’s definetly per year since making 105k per year at an internship would be absolutely mad
@prof.g5140
@prof.g5140 3 жыл бұрын
Is this USD or CAD?
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
It's CAD
@danielmarin5291
@danielmarin5291 3 жыл бұрын
Do you need an Actuarial Bachelors Degree to become an Actuary? I have a Bachelors Degree in Marketing
@k3vinz_
@k3vinz_ 3 жыл бұрын
no you don't, you can have any type of bachelors degree and still become an actuary. There are people who have become actuaries with liberal arts degrees, having an actuarial science degree, math or any other quantitative degree does help but it is not a requirement.
@EtchedActuarial
@EtchedActuarial 3 жыл бұрын
No you don't need an Actuarial science degree. A more math-heavy degree will make it easier to pass exams, generally. But it's still possible to become an actuary with a marketing degree. I explain more in this video about what actuarial employers look for in great candidates: kzbin.info/www/bejne/r6u0ZoGdqM11irc
@gitarman666
@gitarman666 2 жыл бұрын
Sexual bias in the field? I guess there sexual is bias in every field
@allstarmark12345
@allstarmark12345 3 жыл бұрын
Gosh just show the chart!
@adventure4716
@adventure4716 2 жыл бұрын
you're gorgeous, How old are you??
@juliancupillari8243
@juliancupillari8243 2 жыл бұрын
Shit, this is not a lot of money… I thought you made more than that as an actuary
@EtchedActuarial
@EtchedActuarial 2 жыл бұрын
Hi Julian! There's definitely an opportunity to earn a lot more than me if you go on to become an FSA. You can check out this article for more salary info: etchedactuarial.com/actuary-salary-analysis
@mohamedabdielmi5053
@mohamedabdielmi5053 3 жыл бұрын
Please I need your guidance .where should I get you .socal media
@etchedactuarialinc4929
@etchedactuarialinc4929 3 жыл бұрын
Send us an email at support@etchedactuarial.com
@mohamedabdielmi5053
@mohamedabdielmi5053 3 жыл бұрын
ok@@etchedactuarialinc4929
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