If you can survive the grilling tests, there is a payoff - the median
annual salary for an actuary is handsome. Actuaries are globally in
demand and can command hefty pay packets, salaries and perks. No wonder
then that this profession has been rated among the best jobs in the
US.
In India the trend is slowly picking up. Stipend for an actuarial trainee
per month in India is around Rs 25,000 per month. Insurance companies
and consulting firms give merit to experience and qualifications with
salary packets ranging from 8 lacs per annum for beginners to around 40
lacs per annum for those in senior positions. In UK a qualified actuary
can earn 20 lacs per annum.
