 Hey guys, it's MJ the student's actually and I've been getting quite a few comments around actuarial salaries So in this video, we're gonna be talking about money But how much do actuaries really earn? It's quite a difficult thing especially when you see job adverse like this where they say that your pay is gonna be excellent plus bonus plus benefits whatever that means and That's a big thing when it comes to actuarial salaries and I guess salaries in general people keep it a secret even when you're applying for a job. They're like it's gonna be market related and Something else that further complicates it is that actuarial salaries differ quite drastically around the world I mean if you're in London or America like New York, you're gonna be paid a lot also in Singapore There's massive demand for act trees Then in India and South Africa, there's also a lot of demand But there's also quite a lot of supply so salaries are a little bit lower But I was able to find a little bit This is for a junior act tree and you can see that they can be paid as much as 80,000 pounds per annum. Now this is this is when you're starting out. That is quite quite a substantial amount of money Once you become a more senior Actuarial executive you can see that your salary could go up to around $300,000 which is absolutely huge now It's important to keep these numbers in the back of your mind when you go for job interviews Because salaries can be a bit of a tough negotiation Remember in economics, these are businesses they profit seeking So they're gonna try and keep as much money for themselves and they're gonna try pay you as little as possible So if you just go and then you like they say, what are your salary demands and you just go? Oh, I'll accept anything. You're gonna be paid peanuts But another important thing to remember is that your actuarial salary is gonna start on quite a small base And then it's gonna grow depending on what exams and qualifications that you have acquired So that's what I want to do in this video is If you just you know starting out as an act tree you might sort of with quite a a small starting salary But then every time you pass one of the core technical exams you can expect around a 10% upgrade on your salary When you pass subjects like CA2 and CA3 you can expect a little bit more and you're gonna get a really big chunk once you passed CA1 Then your two ST subjects that you choose are also gonna give you a substantial amount more Now the one question was if you keep doing more ST subjects Will you get more of a higher salary and the answer is no if you really want to pump up your salary? Pass the fellowship exam once you get that your salary is going to spike through the roof And then as always after every single year of working You're gonna be adding on a little bit more as you get more experience But if you're chasing the highest salary, I would say don't go and work for anyone Rather become an entrepreneur because you know what they say the bigger risk you take the bigger reward You're going to get But as always it's important not to be captured by greed Because there's a saying in a book of wisdom that says whoever loves money never has money enough So always remember that in the back of your mind and job. Thanks so much for watching. Cheers guys