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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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