# The Future of Actuarial Salaries (SOA)

**URL:** <https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383>\
**Category:** General\
**Created:** [May 29, 2024, 7:33pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383 "2024-05-29T19:33:26Z")\
**Posts on this page:** 20\
**Page:** 2

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**Author:** ![dr\_t\_non-fan](https://community.goactuary.com/letter_avatar_proxy/v4/letter/d/a8b319/32.png) [@dr\_t\_non-fan](https://community.goactuary.com/u/dr_t_non-fan)\
**Post date:** [May 31, 2024, 12:21am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/21 "2024-05-31T00:21:19Z")

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> [@BigBlackBen](#):
>
> I think this profession has begun attracting an odd asocial crowd. Basically the stereotypical actuary who can’t hold a conversation/communicate in general

You mean, more so than before?

Asking for a friend.

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**Author:** ![BigBlackBen](https://community.goactuary.com/user_avatar/community.goactuary.com/bigblackben/32/973_2.png) [@BigBlackBen](https://community.goactuary.com/u/BigBlackBen)\
**Post date:** [May 31, 2024, 1:49am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/22 "2024-05-31T01:49:43Z")

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Idk it could also because I work for a no name insurance company with no brand recognition

And all the good candidates are busy accepting offers from the big dogs

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**Author:** ![NormalDan](https://community.goactuary.com/user_avatar/community.goactuary.com/normaldan/32/1013_2.png) [@NormalDan](https://community.goactuary.com/u/NormalDan)\
**Post date:** [May 31, 2024, 11:22am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/23 "2024-05-31T11:22:27Z")

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I thought the big insurers tended to hire the more stereotypically actuary actuarys, you mean theyre everywhere!?

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**Author:** ![Chaduary](https://community.goactuary.com/letter_avatar_proxy/v4/letter/c/7cd45c/32.png) [@Chaduary](https://community.goactuary.com/u/Chaduary)\
**Post date:** [June 10, 2024, 2:04am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/24 "2024-06-10T02:04:20Z")

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Yea I do phone screens but not involved in decision making beyond that though I have though I have sat in on some conversations.

In general the narrative is that it’s tough to find good EL candidates. Definitely runs counter to the notion touted on reddit (younger crowd) that EL is “so competitive”.

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**Author:** ![Bro](https://community.goactuary.com/user_avatar/community.goactuary.com/bro/32/81473_2.png) [@Bro](https://community.goactuary.com/u/Bro)\
**Post date:** [June 10, 2024, 3:31am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/25 "2024-06-10T03:31:08Z")

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> [@The\_President](#):
>
> **50k was an average EL salary back in 2000.**

Maybe in New York. My Indianapolis 1-exam Actuarial Student salary was $34k in 2001.

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**Author:** ![Chaduary](https://community.goactuary.com/letter_avatar_proxy/v4/letter/c/7cd45c/32.png) [@Chaduary](https://community.goactuary.com/u/Chaduary)\
**Post date:** [June 10, 2024, 5:03am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/26 "2024-06-10T05:03:51Z")

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50K then was ~91K now. I don’t think they are that high now but maybe it’s just my company.

As an aside, the idea that 6 figures is a high income has become pretty outdated

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**Author:** ![The\_President](https://community.goactuary.com/user_avatar/community.goactuary.com/the_president/32/70075_2.png) [@The\_President](https://community.goactuary.com/u/The_President)\
**Post date:** [June 14, 2024, 11:39pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/27 "2024-06-14T23:39:34Z")

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34k seems really low. I was in the 2-3 exam crowd, but i thought everyone was getting offers from 45-55k. Not New York, but probably Chicago mixed in there.

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**Author:** ![BigBlackBen](https://community.goactuary.com/user_avatar/community.goactuary.com/bigblackben/32/973_2.png) [@BigBlackBen](https://community.goactuary.com/u/BigBlackBen)\
**Post date:** [June 15, 2024, 1:38am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/28 "2024-06-15T01:38:42Z")

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My dad was paid $37.5k/yr in 1990 at his first actuarial job out of school

I think bro was getting robbed

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**Author:** ![NerdAlert](https://community.goactuary.com/user_avatar/community.goactuary.com/nerdalert/32/683_2.png) [@NerdAlert](https://community.goactuary.com/u/NerdAlert)\
**Post date:** [June 15, 2024, 1:39am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/29 "2024-06-15T01:39:43Z")

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I got $44.7k with zero exams in 2008 (just before the crash).

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**Author:** ![Bro](https://community.goactuary.com/user_avatar/community.goactuary.com/bro/32/81473_2.png) [@Bro](https://community.goactuary.com/u/Bro)\
**Post date:** [June 15, 2024, 4:42pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/30 "2024-06-15T16:42:01Z")

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if it helps, I think I’m getting robbed now too. must be a me thing.

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**Author:** ![BigBlackBen](https://community.goactuary.com/user_avatar/community.goactuary.com/bigblackben/32/973_2.png) [@BigBlackBen](https://community.goactuary.com/u/BigBlackBen)\
**Post date:** [June 15, 2024, 9:02pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/31 "2024-06-15T21:02:22Z")

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If it makes you feel any better I’m near bottom of the dws salary range

When they reach out I ask them to source me a job in the median or higher range of their salary survey, but they got nothing for me 😭

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**Author:** ![Chaduary](https://community.goactuary.com/letter_avatar_proxy/v4/letter/c/7cd45c/32.png) [@Chaduary](https://community.goactuary.com/u/Chaduary)\
**Post date:** [June 15, 2024, 9:54pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/32 "2024-06-15T21:54:09Z")

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Sometimes I feel like recruiters provide no real service. I have honestly had more success without them.

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**Author:** ![1695814](https://community.goactuary.com/user_avatar/community.goactuary.com/1695814/32/38506_2.png) [@1695814](https://community.goactuary.com/u/1695814)\
**Post date:** [June 15, 2024, 10:29pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/33 "2024-06-15T22:29:22Z")

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and fwiw i’ve had great success with them. ymmv. I certainly understand your point.

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**Author:** ![SteveGrondin](https://community.goactuary.com/user_avatar/community.goactuary.com/stevegrondin/32/3257_2.png) [@SteveGrondin](https://community.goactuary.com/u/SteveGrondin)\
**Post date:** [June 15, 2024, 11:53pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/34 "2024-06-15T23:53:43Z")

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For 2001 it does. 1991 1 exam life co, low col, just south of 30.

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<div class="post-metadata">

**Author:** ![Chaduary](https://community.goactuary.com/letter_avatar_proxy/v4/letter/c/7cd45c/32.png) [@Chaduary](https://community.goactuary.com/u/Chaduary)\
**Post date:** [June 16, 2024, 4:17am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/35 "2024-06-16T04:17:39Z")

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if I don’t get the job I end up getting a weird lecture that manages to compare the interview process to the dating scene but in ways that don’t make sense. Just odd IMO and that is with DWS

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**Author:** ![SpaceLobster](https://community.goactuary.com/user_avatar/community.goactuary.com/spacelobster/32/38216_2.png) [@SpaceLobster](https://community.goactuary.com/u/SpaceLobster)\
**Post date:** [June 17, 2024, 12:18pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/36 "2024-06-17T12:18:17Z")

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I don’t have experience, but I suspect dws today \<\> dws from years ago.

Actually I have interacted with them, just not as a candidate.

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<div class="post-metadata">

**Author:** ![Chaduary](https://community.goactuary.com/letter_avatar_proxy/v4/letter/c/7cd45c/32.png) [@Chaduary](https://community.goactuary.com/u/Chaduary)\
**Post date:** [June 17, 2024, 2:19pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/37 "2024-06-17T14:19:38Z")

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why do you think they are worse than before?

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<div class="post-metadata">

**Author:** ![Rastiln](https://community.goactuary.com/user_avatar/community.goactuary.com/rastiln/32/77682_2.png) [@Rastiln](https://community.goactuary.com/u/Rastiln)\
**Post date:** [June 17, 2024, 6:53pm UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/38 "2024-06-17T18:53:26Z")

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> [@NerdAlert](#):
>
> I got $44.7k with zero exams in 2008 (just before the crash).

2013, $54k with 2 exams.

2014, $53k with 3 exams (left the shitty 2013 job, took a pay cut.)

Significantly more today.

Living in the Po, salaries can be quite bad. I’ve found more success not working for a company in my own state. We have non-Po areas, but I don’t want to live in them.

Edit: One of those was at a Fortune 500 company, and another was a superregional carrier. So not some tiny company. Both sucked, though.

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**Author:** ![Klaymen](https://community.goactuary.com/user_avatar/community.goactuary.com/klaymen/32/194_2.png) [@Klaymen](https://community.goactuary.com/u/Klaymen)\
**Post date:** [September 5, 2024, 1:32am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/39 "2024-09-05T01:32:06Z")

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I made $32k starting out in Michigan in 1996 with 1 exam which when I realized was a bit low told my boss who got it pushed up to $40k within a year (and after getting a 10 on exam 2)

$37.5k in 1990 seems high

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**Author:** ![Maphistos\_Sidekick](https://community.goactuary.com/user_avatar/community.goactuary.com/maphistos_sidekick/32/84973_2.png) [@Maphistos\_Sidekick](https://community.goactuary.com/u/Maphistos_Sidekick)\
**Post date:** [September 5, 2024, 1:46am UTC](https://community.goactuary.com/t/the-future-of-actuarial-salaries-soa/9383/40 "2024-09-05T01:46:26Z")

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I started in a joint life and P&C role, two-thirds of the way to ASA, at $32k in 1993 in a low COL location.

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