Find out the latest actuarial salaries and benefits in 2014 and what you should expect to be earning as an actuary…
The early years of an actuarial career are demanding, but they are bolstered by excellent pay packages and a fostering mentality from senior staff. Salaries compare favourably to other areas of finance, and can reach into the high six figures. Take a look at the salary progression of actuaries by sector.
| Pensions | |||||
|---|---|---|---|---|---|
| Junior (0-2 years) | Part Qualified | Nearly/Newly Qualified | Qualified | Senior Qualified | |
| London | £28,000 – £36,000 | £36,000 – £48,000 | £48,000 – £65,000 | £65,000 – £80,000 | £80,000+ |
| South East | £25,000 – £34,000 | £34,000 – £46,000 | £46,000 – £62,000 | £62,000 – £80,000 | £80,000+ |
| South West | £22,000 – £33,000 | £33,000 – £44,000 | £44,000 – £60,000 | £58,000 – £75,000 | £75,000+ |
| Midlands | £22,000 – £33,000 | £33,000 – £44,000 | £44,000 – £58,000 | £58,000 – £75,000 | £75,000+ |
| North | £22,000 – £33,000 | £33,000 – £44,000 | £44,000 – £58,000 | £58,000 – £75,000 | £75,000+ |
| Scotland | £22,000 – £33,000 | £33,000 – £44,000 | £44,000 – £58,000 | £58,000 – £75,000 | £75,000+ |
| Investment | |||||
|---|---|---|---|---|---|
| Junior (0-2 years) | Part Qualified | Nearly/Newly Qualified | Qualified | Senior Qualified | |
| London | £28,000 – £35,000 | £36,000 – £48,000 | £48,000 – £65,000 | £60,000 – £80,000 | £80,000+ |
| South East | £25,000 – £35,000 | £34,000 – £45,000 | £45,000 – £60,000 | £60,000 – £80,000 | £80,000+ |
| South West | £22,000 – £33,000 | £33,000 – £45,000 | £45,000 – £60,000 | £60,000 – £80,000 | £80,000+ |
| Midlands | £22,000 – £33,000 | £33,000 – £45,000 | £45,000 – £60,000 | £60,000 – £75,000 | £75,000+ |
| North | £22,000 – £33,000 | £33,000 – £45,000 | £45,000 – £60,000 | £60,000 – £75,000 | £75,000+ |
| Scotland | £22,000 – £33,000 | £33,000 – £45,000 | £45,000 – £60,000 | £60,000 – £75,000 | £75,000+ |
| Life Insurance | |||||
|---|---|---|---|---|---|
| Junior (0-2 years) | Part Qualified | Nearly/Newly Qualified | Qualified | Senior Qualified | |
| London | £25,000 – £37,000 | £35,000 – £50,000 | £50,000 – £65,000 | £65,000 – £90,000 | £100,000+ |
| South East | £24,000 – £36,000 | £34,000 – £48,000 | £48,000 – £62,000 | £60,000 – £80,000 | £95,000+ |
| South West | £23,000 – £35,000 | £32,000 – £45,000 | £45,000 – £60,000 | £60,000 – £80,000 | £85,000+ |
| South Coast | £23,000 – £35,000 | £32,000 – £45,000 | £45,000 – £60,000 | £56,000 – £78,000 | £80,000+ |
| Midlands | £23,000 – £35,000 | £32,000 – £45,000 | £45,000 – £58,000 | £56,000 – £78,000 | £80,000+ |
| North | £22,000 – £34,000 | £30,000 – £42,000 | £45,000 – £58,000 | £52,000 – £75,000 | £80,000+ |
| Scotland | £22,000 – £34,000 | £30,000 – £42,000 | £45,000 – £58,000 | £56,000 – £75,000 | £75,000+ |
| Ireland | €27,000 – €40,000 | €40,000 – €50,000 | €50,000 – €65,000 | €65,000 – €90,000 | €90,000+ |
| General Insurance | |||||
|---|---|---|---|---|---|
| Junior (0-2 years) | Part Qualified | Nearly/Newly Qualified | Qualified | Senior Qualified | |
| London | £28,000 – £39,000 | £36,000 – £50,000 | £50,000 – £70,000 | £65,000 – £90,000 | £100,000+ |
| South East | £25,000 – £38,000 | £34,000 – £48,000 | £34,000 – £48,000 | £60,000 – £85,000 | £90,000+ |
| South West | £24,000 – £36,000 | £33,000 – £46,000 | £33,000 – £46,000 | £60,000 – £80,000 | £85,000+ |
| Midlands | £24,000 – £36,000 | £33,000 – £46,000 | £33,000 – £46,000 | £60,000 – £78,000 | £80,000+ |
| North | £22,000 – £35,000 | £32,000 – £44,000 | £32,000 – £44,000 | £55,000 – £75,000 | £80,000+ |
| Scotland | £22,000 – £35,000 | £32,000 – £44,000 | £32,000 – £44,000 | £55,000 – £75,000 | £75,000+ |
| Ireland | €27,000 – €42,000 | €42,000 – €52,000 | €52,000 – €66,000 | €66,000 – €90,000 | €90,000+ |
Source: Goodman Masson, Goodman Masson Salary Guide 2014
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