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Vault Message Board: Actuary

Topic Name: Doesn't this career suck?
Message Name: $100-$200
Date Posted: 06/08/2000
In Reply To: It sucks working for a consulting firm, sometimes long hours, and making in multiples less than i-bankers, management consultants, and computer consultants. In addition, after work, you have to study for incredibly hard exams that completely take away your life. And it's all for mere $60K-70K. Analysts in i-banks and fin. consultants 3-4 years after school rake up $100-200K a year in total compensation. That's as much as actuaries make after 15 years of work and after passing all 9 exams. This just sucks!!!
Message: You are under paid. After 5yrs of work, ASA/ACAS in consulting you should earn $100-$200. Also if you jump the actuarial ship entirely and do quantitative research on Wall St., i-bankers will pay the same.

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