Expected Pay scale for an Actuarian

Give me information about basic salary pay scale for a Actuarial Science pass out candidate ?

Here I am giving you information about basic salary pay scale for a Actuarial Science pass out candidate

Indian pay scale :
Average salary of Rs 803,992 per year.
Salary must be between Rs 291,091 - Rs 3,616,042

Foreign countries :
Experienced Actuaries fellows can earn from $150,000 to $250,000 annually..

Chief actuary, senior partner £221,250+
Senior function head, practice director £134,343
Function head, practice head £110,747
Department manager, managing consultant £87,557
Section manager, senior consultant £81,239
Section leader, consultant £67,298
Senior actuary, junior consultant £59,836
Actuary £46,515
Student actuary £32,842

Actuarial Science Job Types
Life Actuarial Senior Associate
Actuarial Programmer
Assistant Professor in Actuarial Sciences
Analyst Actuarial Services
Health and Benefits Actuarial Consultant
Actuarial Manager
Actuarial Analyst
Actuarial Analyst
Actuarial Science Tutor / Teacher
Property and Casualty Actuarial Manager

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Answered By StudyChaCha Member

I want to become an Actuarian so want to know about the expected pay scale of the Actuaries so please tell me about this?

Actuarial Science offers good job openings with a high salary package

The average salary for an Actuary is Rs 972,944 per year.

Stipend for an actuarial trainee per month in India is around Rs. 25,000 per month.

Whereas experienced and qualified professionals can demand salary ranging from 8 lacs per annum for beginners to around 40 lacs per annum for those in senior positions.

Employment Areas
• Insurance companies (be it private or public- life or general or Reinsurance)
• Firms of Consulting Actuaries
• Authorities like IRDA, PFRDA & TAC.
• Asset Liability Management Companies
• Large banks and Investment Firms like World Bank, ADB, etc
• Employee Benefit Companies- likely to be opened in India soon.
• Large Capital & Turnkey Project Handling Companies.
• AMP Sanmar Life Insurance Co. Ltd
• Allianz Bajaj Life Insurance Co. Ltd
• Birla Sun Life (Distributor Co. Ltd
• Aviva Life Insurance Co. Ltd
• HDFC Standard Life Insurance Co. Ltd
• ICICI Prudential Life Insurance Co. Ltd
• ING Vysya Life insurance Co. Ltd
• Om Kotak Mahindra Life Insurance Co. Ltd
• Max New York Life Insurance Co. Ltd
• Met Life Insurance Co. Ltd
• SBI Life Insurance Co. LTD
• TATA AIG Life Insurance Co. Ltd
• Life Insurance Corporation of India

Job Types
• Insurance Agent
• Surveyor
• Business Analyst
• Pensions Analyst/Assistant
• Economic Analyst
• Pricing Analyst
• Investment Analyst
• Information Analyst
• Data Analyst
• New Business Administrator
• Resourcing Administrator
• Mortgage Advisor
• Assistant Manager
• Contracts Co-coordinator
• Benefits Assistant

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Answered By StudyChaCha Member