Actuaries

[paulyoung666]

Originally Posted by Jerrek

Perhaps. I have worked for a great many companies (thanks to co-op) in many industries. But, I'm still in school. Education is important now.

the next bill gates in the making then

its low because it is a very unique Job, its a job within a profession i reakon. Its not something people know about or have contact with

[Russ]

I guess an 'Actuary' is not something we really need or find important in the UK

[Jerrek]

When why pay them $80,000 to $350,000?

[Russ]

They don't get paid in dollars if they are UK based, and if they really were that required, I'm sure there'd be more of them and the profession would be more well-known.

[Jerrek]

I converted to pounds because I don't have the poundy symbol and you guys have it if I write UK$.

The demand for actuaries is unreal. There is a severe shortage of them, hence they pay.


http://www.hayspersonnel.com/uk/inde...-instincts.htm

"In England, salaries for nearly and newly qualified candidates are £10-15,000 higher than in Scotland."

"However, the market for actuaries in the West Midlands is extremely tight. According to Alastair McLeish, partner at KPMG Pensions, Birmingham, 'Although there is universal demand for qualified actuaries, the region is experiencing extreme difficulty in recruiting the right candidates †“ so much so that there's more of an emphasis on training staff.' This paints a typical picture †“ those employers who are solving skills shortages are doing so by 'upskilling' existing workforces."

"For example, a newly qualified life actuary in the UK could expect to earn £50,000 plus benefits. "



http://www.delni.gov.uk/docs/careerdocs/ACF2A46.pdf

"Opportunities for actuaries are many and varied. There is a continuing strong demand for actuaries and earnings in the actuarial profession have consistently compared well with those of other professions."



There is great demand in the UK it seems.

[paulyoung666]

excuse me , you seem to know so much yet you are asking ppl who know f@ck all about it , i hope this isnt another boast thread

I doubt it is a boast thread after alll you got to actually have something to boast about. Jerrek is asking about doing the course so he hasnt done anything?,He is just asking for help not boasting

[iadom]

Originally Posted by Russ D

I guess an 'Actuary' is not something we really need or find important in the UK

We have thousands of them, have had for hundreds of years, and when you are old enough or sensible enough to think about or worry about a pension you will soon know all about actuaries. They make important decisions that affect everyone who has a pension. Taking into account, life expectancy, future interest rates and macro economic trends etc. In effect they decide how much your pension will be, or not as is the case at the moment.

PS. Jerrek, an excellent career choice, you will never be out of work as an Actuary.

[iadom]

Originally Posted by Damien

its low because it is a very unique Job, its a job within a profession i reakon. Its not something people know about or have contact with

No it is a very specific and important job in its own right. In the not to distant future, (believe me it comes quicker than you think) you will be dramatically effected by the work of Actuaries.

[Jerrek]

*frown* No I don't know a lot about them. Hence, I'm asking if there are any actuaries here. I'm looking for more first-hand information from people that either know actuaries, or are actuaries themselves. I don't think I want to be an actuary, but it would be a useful qualification I think. I'm looking for thoughts and opinions, nothing more.

[iadom]

Originally Posted by Jerrek

*frown* No I don't know a lot about them. Hence, I'm asking if there are any actuaries here. I'm looking for more first-hand information from people that either know actuaries, or are actuaries themselves. I don't think I want to be an actuary, but it would be a useful qualification I think. I'm looking for thoughts and opinions, nothing more.

With only 15,00 in the UK, the chances of anyone on this forum with under 5000 members being an actuary is very slight. As a nation we do have a rather poor record when it comes to personal pension provision so it is not suprising that many people are unaware of actuaries and their functions.

As you say, a very good string to your bow all the same.

[Jerrek]

Yes you're right. I didn't know the numbers of actuaries until I were googling around after most people responded with a "eh?"

Thanks for the information.

[iadom]

Originally Posted by Jerrek

Yes you're right. I didn't know the numbers of actuaries until I were googling around after most people responded with a "eh?"

Thanks for the information.

If you really want some info, I play squash with a person who is the General Manager of the CIS. (Co-Operative Insurance Society) . I could always ask him if any of his companies actuaries would be willing to give you some background info.

[Jerrek]

Thank you. I will think about it. I don't want to cause too much of a bother though.