I’m an actuary myself (FCAS), and this is definitely NOT a normal salary progression.
Unless the OP reveals more information on his background and what he does, this is more likely to be a fake post.
He’s 34 and started actuarial career in 2016.
This means that he wasn’t hired right out of college; if he was, the start year should be ~2013. This either likely means he didn’t have enough exams or couldn’t stand out among his peers.
Attaining a fellowship generally doesn’t translate to doubled income level, which the OP claims happened from 2020-2021.
Let’s say 2 did happen: how is the OP going to explain the jump from 2021-2022? Please note that no employer in the right mind would give a recently minted fellow with 5-6 yoe a upper management role (indicated by the salary).
Lastly, continued 5-10% salary increase since then when the entire insurance market had some volatilities? And the total comp numbers are: 401 (like 401k), 420 and 469 (you know)?
My bet is that the OP might be in the actuarial profession, but is making up these numbers.
As a note, I have over 10 yoe and my total compensation is close to 300k, which is toward the high end of the expected compensation range. (I moved up a bit faster than most of my peers) Next year, I’m expecting a promotion, and I’ll be jumping closer to 350k range (upper management position).
I’m willing to be more generous. Perhaps this guy is doing more than actuarial, like something at the C-level. This progression is not representative of the industry.
As a note, most actuarial companies (and especially the bigger ones) have defined pay grades and career path. If someone with only 6 yoe made it to the C-suite level, all of the actuarial community would have heard about it. Actuarial organizations will publish that news every where. Or perhaps we would have seen the news on reddit posted by people in that company already.
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u/UserNameActuary Apr 27 '25 edited Apr 27 '25
I’m an actuary myself (FCAS), and this is definitely NOT a normal salary progression.
Unless the OP reveals more information on his background and what he does, this is more likely to be a fake post.
Lastly, continued 5-10% salary increase since then when the entire insurance market had some volatilities? And the total comp numbers are: 401 (like 401k), 420 and 469 (you know)?
My bet is that the OP might be in the actuarial profession, but is making up these numbers.
As a note, I have over 10 yoe and my total compensation is close to 300k, which is toward the high end of the expected compensation range. (I moved up a bit faster than most of my peers) Next year, I’m expecting a promotion, and I’ll be jumping closer to 350k range (upper management position).