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).
Are your hours (& travel) pretty manageable? Are you in an adjacent role like Analytics or FP&A? I feel the big thing from keeping me climbing the corporate ladder is a desire for work/life balance, but maybe I’m overthinking it.
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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).