Are your salary requirements realistic?

It can be difficult to get perspective on your value in the workplace. Often candidates’ ideas of what they think they should be earning are misaligned with what employers are willing to pay, or what the marketplace will bear.

Wanting to earn more can be a reason to change jobs, but if that’s the only reason, it might mean you need to take a closer and more educated look at the marketplace, your value in it, and your value to your existing employer.

Before you begin, realize that your financial needs are not justification for earning more. Take stock of your experience, not only in terms of years in the industry, but projects and leadership roles that brought value to your employers. If you have accomplishments in your current position such as: money you’ve saved them; models you created; projects you were involved in or spearheaded; results that went beyond your job description, you could use them to ask for an increase. If not, make sure you include them in your next resume.

Knowing what your position with your specialties is worth in your field could be difficult to pinpoint. To assist actuaries, we gather information on actuarial careers and offer detailed salary information, via great query tools that make it easy to see how your skills and salary measure up, and what you need to reach the income level you want.  

Our job listings can also help you see the possibilities! 

Remember when Sony Pictures got hacked?

When Sony Pictures' email system was hacked? Actors’ salaries became public knowledge. That was when some actors discovered the discrepancies in pay scales. Fortunately, the actuarial community has real information and great tools to find out what the marketplace is paying for actuarial positions throughout the country, and for nearly every field and specialization.

We at Actuarial Careers, Inc. realize how important it is to your life and your career path to compare  where you are now, where you are going and what the next step should be along the path in terms of salary advancement. Our recruiters can help you with a strategy for your advancement. Our unique salary survey results are presented with query tools that allow you to slice and dice the salary data we collect. In a few keystrokes you can see what job titles, specializations and geographic locations are paying.     

   

Every year, in December, we launch a new survey. Participation in the survey includes actuaries in a drawing for prizes. We encourage you, and the actuaries you know to participate. The more participation we get the more you will know about salaries in your industry. Your information is always confidential. 

Take a look, and be sure to be on the lookout for our emails and social media posts. If you aren’t on our list, sign up here.  In the meantime, here’s a link to our HOT jobs.

What will 2015 actuarial salary numbers tell us?

In 2014, according to our annual salary survey, more respondents earned $300K plus than ever before. We are now collecting information about 2015 actuarial salaries, which we will share on our website. This is our fifth year of collecting and charting this information, and what’s so exciting is that we are able to present year-over-year actuarial salary comparisons.

Each year our actuarial salary survey attracts more respondents. The information we collect, chart and share with clients and candidates is our way of sharing our knowledge of the marketplace. It allows us to help our candidates and clients, giving them the ability to make better decisions.    

Our respondents come from all over the world. They volunteer to participate on a strictly confidential basis. Participation also makes them eligible to win one of several prizes.

Our presentation of the results includes unique online query tools that allow you to see how location, education, experience and area of expertise influence salary. Our charts are so flexible and unique, it’s exciting. 

Each year the number of respondents increases. We’ve been told by participants how valuable this information is, and we encourage everyone to participate this year and every year. If you have not done so in the past, here’s the link. Take a look and what we’ve presented so far, and then jump into the survey.  It’s one way you can help us help get the most accurate information, and also discover if you are actually earning what you are worth!

Check out our latest job postings and access our salary survey and results on our website: 

http://www.actuarialcareers.com

Advice From the BEST

Free advice. What’s it worth? Sometimes it really depends on who it’s coming from. Sometimes it is worth the price you pay for it, but maybe not when it is from people who’ve achieved success beyond most of our wildest dreams. If you are ever lucky enough to meet any of the people listed below, you’d probably want to ask them for “a word” of their advice. Until you do, there are these to consider. We excerpted these from an Inc. article if you are interested in the background on each quote.

We think it’s interesting to read them to see if one or more resonate with you. If so, what could that be worth mean in terms of motivation and inspiration for your career? We think that they’re worth their weight in gold.

1.    Warren Buffett: Exercise humility and restraint.

2.    Maya Angelou: Make your own path.  

3.    Richard Branson: Never look back in regret -- move on to the next thing.

4.    J.K. Rowling: Embrace failure.

5.    Steve Jobs: Don't just follow your passion but something larger than yourself.

6.     Suze Orman: With success comes unhelpful criticism -- ignore it.

7.     Bill Gates: Keep things simple.

8.     Arianna Huffington: Don’t work too hard.

9.    George Stephanopoulos: Relax.

10.  Alexa von Tobel: Get up, dress up, and show up.

11. John Chen: Being a superstar can hurt your career.

12. Deepak Chopra: Embrace the wisdom of uncertainty.

13.  Cynthia Tidwell: Be patient enough to learn, but impatient enough to take risks.

14. Diane von Furstenberg: Keep it real.

15. Rick Goings: Be nice to everyone.

At Actuarial Careers, we offer you insights into the marketplace, with our free access to our salary survey results.