What is an actuary-why is the salary of an actuary so high?

What is an actuary-why is the salary of an actuary so high?

Actuaries (Latin meaning? Business? ) is a business career dealing with financial risks. Actuaries mainly use mathematical, economic, financial and statistical tools to deal with some uncertain and unknown events related to insurance and reinsurance companies. In addition, it is also related to employee insurance (medical insurance and pension plan) and social welfare projects (social security and social care). The following is what I bring to you about actuaries. Welcome to reading.

What is an actuary?

Actuaries (Latin meaning? Business? ) is a business career dealing with financial risks. Actuaries use mathematical, economic, financial and statistical tools to deal with some uncertain and unknown events related to insurance and reinsurance companies. In addition, it is also related to employee insurance (medical insurance and pension plan) and social welfare projects (social security and social care).

How to become an actuary?

The road to becoming an actuary is divided into two stages:

(1) Stage 1: After completing more than ten courses such as insurance, finance, statistics and mathematics, you can become a quasi-actuary.

(1) Conditions for applying for quasi-actuary qualification:

1, bachelor degree or above (equivalent academic qualification recognized by the state);

2. Pass all subjects in A 1-A8. Topics include:

Mathematics, financial mathematics, actuarial model, economics, life insurance actuarial, non-life insurance actuarial, accounting and finance, actuarial management.

(2) The second stage: After working for a period of time and having practical work experience, you can take the actuarial examination and meet the training requirements of relevant actuarial majors, and you can formally become an actuary after passing the defense.

(2) Conditions for applying for actuary qualification:

1, domestic quasi-actuary qualification;

2. Meet one of the following requirements:

(1) Life insurance direction: through F 1, F2, F3 and F8, at least through 1 at F4, F9 and F 10.

(2) Non-life insurance direction: pass F 1, F6, F7 and F8, and at least pass 1 at F2, F5, F9 and f1.

Career prospects of actuaries

Among the top ten high-paying positions announced in Beijing, senior actuaries rank first, known as? The golden collar in the golden collar? . To become an actuary, you must first pass the actuarial qualification examination. Therefore, the newly graduated students are just ordinary financial personnel, and the salary level is about 2000 yuan/month. With the accumulation of experience, it will increase. After passing the qualification examination, the salary will increase by leaps and bounds. The annual salary of local actuaries in China is between 300,000 yuan and 400,000 yuan, while the value of overseas actuaries or returnees is generally more than one million yuan, or even higher.

In Beijing, the average monthly salary is in the early 5000 s, and the annual salary is one million, so the possibility of normal work is very small. The general manager said that she knew a respected actuary, who had been doing actuarial work in the Institute since 1999. Current working experience 15 years.

According to widely circulated reports, 5,000 are needed in the future, and now there are only dozens, which is very inaccurate. At present, there are about 900 actuaries in China. Future optimistic estimates need 1000 to 1500. Countless people take exams every year and find it difficult to get started when looking for a job. Inexperienced people are reluctant to recruit because it is very troublesome to train new people. There is a recruitment this year, but there are really few people. So there is no shortage of actuaries and senior actuaries. Advanced is not an exam, it means work experience plus an exam. The exam alone is nothing. As for the salary, the annual salary is one million, which means that the starting salary of Hong Kong and domestic college students is 4,000-6,000, and that of graduate students may be 7,000.

The actuarial industry can be compared with civil servants. The chief actuary earns millions of dollars a year, but not everyone can be a governor who pats his head. What is lacking is a civil servant with the ability of governor. Most people may struggle at the grassroots level all their lives. There is only one peace and one country life. Are you sure you are qualified for that position? How many people in China hold thousands of dollars a month?

The following is a summary.

Generally speaking, actuary is a relatively unpopular job. Due to the overheated media hype, grass-roots actuaries are rapidly saturated, but senior actuaries are still in short supply. The average basic actuary's monthly salary is generally around 5 thousand to 7 thousand. However, after getting an actuary's certificate, the annual salary can rise to about 300,000 (usually five to ten years), but it is very difficult to be promoted to senior actuary and chief actuary, which requires a strong family background or excellent strength.

Actuarial industry is considered by many people as a high-input and low-return industry. Compared with the emerging Internet industry, the monthly salary is less than half. Generally, in the Internet industry, the annual salary can reach 500,000 to 800,000 within three to five years. At the same time, it is not as good as traditional financial industry.

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