Big 4 actuary reddit. Or check it out in the app stores .

Big 4 actuary reddit Also much easier to leave to other large companies since almost all major insurers and reinsurers are involved in some way with big 4. Take it. Hello everyone I’m fresh graduate with bachelors in financial and actuarial mathematics with two exams passed and one internship as a consulting intern (not actuarial) And I’ve been offered a full time position with the same company (big 4 company, the company’s branch in my country doesn’t offer actuarial roles for EL) And I’m in dilemma, I don’t have any other offers yet and I Get the Reddit app Scan this QR code to download the app now. I am honestly appalled at all the articles gushing about how big the D4 world is. Check out the sidebar for intro guides. Bermuda Actuarial Big 4 Offer - Advice please Hi, I’m fully qualified actuary with 8 years of experience and I’m currently at management level at the same Big 4 in my country. Big 4 can’t really increase their rates too much or nobody would use them - they’d just hire consultants from the US/Europe instead. Back then the exams were simply called exams 1,2,3,4,5,6,7,8, and 9. Not quite the same route as what you're taking but here are my thoughts if it helps: I left a role as an assistant manager at a big 4 to move into a reinsurance role. When I left I was on £67k and accepted an offer for £80k. But it's not enough to be smart --- I also need to persevere and work hard. I recently managed to land 2 internship offers - one being an intern with mergers & acquisitions in one of the big 4 companies and one in the operational risk management team of a life insurance company. There’s no free lunch. Then I see qualified roles for like 75-80k I don't understand why anyone would work for big 4 these days, doesn't even look as good as it used to on your cv I managed to initially get a job at Morgan Stanley in banking, but switched to Actuarial at one of the big 4 firms pretty quickly, and at no point did I have an issue because of my university. Hi all, I am considering an EL role a big 4 consultancy in Life insurance. PM if you want to discuss further privately, including why I recommend people think TRICE before signing up to any of the Big 4. I am on the life side in big 4, i exclusively do consulting but there are some folks who do both. I worked 40-45 client hours in good times but I probably did another 5-10 in extracurriculars (recruiting, DEI groups, stuff like that) and then usual non-billable time like meeting with coaches, etc. It depends what u do rlly. Then if we assume 4 weeks vacation for each, the consulting actuary averages $73. If the scope is to check discount rates, there isn’t a point reviewing mortality calculations in the spreadsheet. Reply reply It's great to be an actuary upvotes · comments. Most firms pay 60-70k now salaries have gone up a lot. (I am certain that there will be one more interview with the final candidates). I have seen newly qualified with similar experience at that pay grade if not two or three thousand Public accounting pay even non big 4 has mostly caught up to entry level actuarial pay in the last I perform Math/Stats/problem solving everyday as an actuary. Subreddit for actuarial professionals, students and interested (innocent) bystanders. Members Online For Students: There’s more to Big4 than Audit and Tax. Can someone briefly describe what the current outlook is, and how that may Gostaríamos de exibir a descriçãoaqui, mas o site que você está não nos permite. Or check it out in the app are more opportunities in accounting since it is a bigger industry but the work hours are lot more than if your are an actuary. Pay for them has increased by 25-50%. A lot of actuaries are on the board of insurance companies. Subreddit for actuarial professionals, students and interested (innocent The home of college football on reddit. Even now I am just mostly pulling data. Speak to those at the big 4. I have been working as an senior actuarial consultant in one of the big four accounting firm in Taiwan Yet he’s browsing browsing Reddit on a toilet seat, just like us. True to the spirit of consulting, my answer is that it depends. In the next year I will finish my degree in actuarial science. A least in Australia all 4 have a sizeable actuarial consulting practice, I think that's the same for most financial hubs like NY or London. r/actuary • Actuarial consulting at big 4. reddit's new API changes kill third party apps that offer IFoA's proposed new Disciplinary Scheme Big Change 4: it is worded such that members remain on the hook for the whole of their life, for all aspects of their life! A place to discuss being or becoming an actuary in the UK. Meet lots of people, and develop a good network. An exit op would be a big 4 I was at big 4 for a while they were around 30-40 percentile pay and I'd get pulled up for being less than 50h chargeable on time sheets (which is around 70h of office time). Consulting is love, consulting is life, especially when I'm not on the equity. A degree in Actsci will probably get I'm a big fan of The Infinite Actuary's technical skills course. Topics of interest could be IFoA I’m a former consultant at a big 4 firm. Or check it out in the app stores Passed 6 actuary exams and not getting a single job interview . That said today, I have two meetings and just decided to take the rest of the day off, don’t need to tell anyone, I can just do it. ), your office, your team, your level of experience, etc. You may go big one year, and be negative the next. Actuarial Outpost turns in IP address of people who violate exam rules so there's certainly a risk, although reddit might be more anonymous. I passed 6U Fall '22 with my first sitting. 5k bonus at big 4 Chicago. I did cpa, worked in audit a few years, SA2, and then transitioned into actuarial consulting in big 4. Can be crazy hours at times but nothing close to what core audit has to do. Bermuda Actuarial Big 4 Offer - Advice please Hi, I’ve received an offer from a Big 4 in Bermuda. I'm in accounting currently studying for the CPA and my girlfriend is an actuary so I can speak from experience. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Wegmans is looking for an Actuary lmao Go to actuary r/actuary. It's a big commitment, so I wish you the best of luck. I realized I missed the audit work, community/network and the learning opportunities there. Such ASA A place to discuss being or becoming an actuary in the UK. I’ve worked with folks in Chicago, Buffalo Grove, and Indy. But actuarial excellence is only found at Mercer, WTW, etc. Finished cpa in college Got ASA while working and now on second FSA exam. 33 an hour while the insurance actuary averages $84. Reply reply Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! A place to discuss being or becoming an actuary in the UK. Wondering if any people here in the actuarial line of work have done that and want to discuss their experiences. The bonuses Topics of interest could be IFoA related (particularly studying to qualify), discussion of the roles actuaries hold within industries such as pensions, insurance, investment, Big 4 doesn’t compare in actuarial services IMO. introductory accounting classes. Chicago folks worked a ton, Indy looked to be around 45-50 a week, and BG seemed very chill. At one of the big 4 you'll get exposure to each aspect of life/short-term insurance quicker but you will not necessarily be able to do the work yourself. Hi everyone, I am a newly minted ASA in Big 4 consulting with roughly 3 years of experience. I mostly did cyber, project management and also audits of financial institutions. Both are respectable professions. If you want to do other business related things, sure. Go to actuary r/actuary. Generally, with the likes of the Big 4 (assumption again), the pay grades are set for newly qualified with slight variations between them. Any resignation above you is an opportunity for a quick promotion. After 2-4 years and getting your cpa your at 80-120k. Subreddit for actuarial Anyone with details over investment and banking side of actuary, Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Our pay was definitely lower than in industry but our work life balance was generally about the same or perhaps even better. Therefore reinsurers can afford to pay bigger salaries to attract staff. So at the end of the day, you won't be that far off from where you would've been if you didn't negotiate. I Pay is better the first several years as an actuary. 47K subscribers in the actuary community. Topics of interest could be IFoA related (particularly studying to qualify) and discussion of the roles actuaries hold within Get the Reddit app Scan this QR code to download the app now. We’ll get there too! Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Big 4 was absolutely the worst office I’ve worked in and was the least I have learned from a job The fact 90% of people will suffer for two years to get letters and a resume boost while venting The exams are a pain. 13 votes, 12 comments. Big 4 Actuaries Study Hours . I have degrees in business and a 47K subscribers in the actuary community. Subreddit for actuarial I just got an EL offer at a Big 4 firm in NYC. I think a big reason is that reinsurers get big financial benefits from being based in Bermuda, Big 4 do not. Subreddit for actuarial professionals, students and interested (innocent a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Depends on where you are in exams, what track you get hired to. I worked in GI. My first couple of actuary jobs did really weird specialized things. a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Make sure you attend Meet the Firms. r/actuary. bank, IB, funds or even Big 4). I am wondering besides the big 4, what firms are best for actuarial graduate schemes? I cant seem to find much online in all honesty so Go this route if you know you want to be an actuary. I was wondering if this career path -working at an insurance Get the Reddit app Scan this QR code to download the app now. Accounting PhDs are really only useful for teaching. The credentials are worth something and if your career stalls, you are much more . I studied 340 hours over about 4 months and used BattleActs. A reddit dedicated to the profession of Computer System Administration. In terms of industry and opportunity would IT (mj data science) or Bach science(mj maths or stats) be a bettter combo with actuary? Go to actuary r/actuary. Your learning will be at an accelerated pace compared to your peers. I moved primarily because i had 3 years of insurance audit experience and ended up in consulting. £70k as a minimum, you will be fine. But not actuaries. I mean even as a contractor u can earn 1500 a day at senior level. View community ranking In the Top 5% of largest communities on Reddit. Should I get in touch with my old managers to see if I could return? I am worried that leaving already ruined my reputation there given that I had resigned due to personal reasons at the Big 4 is perfection, perfection is Big 4. No-one I've We maintain our values and stand in protest of Reddit's API changes. after 2 years move into senior analyst/senior consult position, if half exams done, you're at 50/55k. What are some tips If it is early in your career it wouldn't hurt to start over in an entry level role but in an industry you want to work for (e. Know a lot of people stay for a couple years then leave to industry. At the FASB and GASB (in the US) there are first year rotational programs that you can apply for to work on things like writing proposals for updates to accounting standards and if you do these programs the B4 will typically let you come back as an early promote. I've looked into becoming an actuary and taken practice tests for SOA, 90% of Big 10 schools. That douche was publishing articles saying we were too dumb to operate tech we invented, and bringing Indian coders here would have a trickle down effect on the economy. Mostly but you still need to be proactive in talking about it to the partners overseeing your engagements to build a case for you. As an actuary, i interacted a lot more with people than i did as an audit. Unlike actuaries there are way more companies they can apply to, so losing a job isn't as bad as it is for an actuary who may have to move if they get let go from the one insurance company in their city. A lot of people get them mistaken for the big 4 accounting audit firms. I’m interested in APR in particular if anyone has any knowledge of them r/oxford is a reddit for people living in and around Oxford, UK. A sub reddit for Irish and Ireland-based Devs Members Online. I have never worked at well-known companies like AIG or big 4 accounting firms, but I feel surprised to hear that you did not get a COL adjustment at all. Big 4 bank risk graduate (80k) sample size= 1 Taylor Fry (90k) sample size= 1 Big 4 accounting (80k) sample size= 1 Overall salary is probably around 70-90 k with not much bargaining power for negotiation (even if you have HD WAM with multiple internships) 2. a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, Wegmans is looking for an Actuary lmao Get the Reddit app Scan this QR code to download the app now. Big 4 accounting is EY, PWC, KPMG, and Deloitte. Or check it out in the app stores &nbsp; &nbsp; TOPICS Go to actuary r/actuary. Tbh industry in actuarial is similar to industry in accounting and consulting in actuarial is similar to big 4 consulting / audit (tight deadlines and stress). The key things are: I am a CPA and date an actuary. You don't get to decide what you do. They’re what you would call rich. Intensity/pace is much higher than most insurance company actuary jobs. I have one exam pending to be an FIA. Topics of interest could be IFoA related What are the differences between these companies and say AON/WTW/ big 4. I can’t speak to all the roles an actuary can have at a life company, but on the P&C side an actuary can work in almost any department depending on their specific interests and skills. But there is much more opportunity at a small firm. This is considered normal but left me feeling stressed so An experienced director (think < 10 reports) at big 4 makes 180 - 200k all in, and I've seen many who are actuaries. Figure out early on whether you like high level math (actuary skills) vs. Members Online. But you really also have to consider the difference between 40 and 50 hour work weeks. Specifically, what was the role you left at big 4, and what role/company did you move into? Not necessarily. At a small company and you might be stuck. It’s the same at small firms a snatching each other’s accountants. The training is really good, the big 4 stamp on your CV goes a The exam process and my time spent as an actuary taught me some very valuable lessons: That I am not a dummy. Don't get so hell bent on the Big 4 Get the Reddit app Scan this QR code to download the app now. Get the Reddit app Scan this QR code to download the app now. My guess is many of them are in their 40s - 50s, so that's probably a limit. e you clearly know someone and have built connections), or you've arrived at the right time (I entered because the application cycle had closed and they I don’t think this is true in consulting (at least from what I’ve seen). If you don't get in after college, you can get in as an experienced hire and I heard that is a lot easier. Offer is $120k, no housing allowance, $2,5k relocation costs covered, 75% health insurance cover. Joined big 4 as an experienced hire in General Insurance (GI) practice, left after a year. If you have a 3. It sounds like the new standard pathway ("pathway 1") will be a good option for anyone planning to work entirely in Canada, but probably not viable for anyone who thinks they will need an FSA or FCAS designation to do actuarial work at some point in their career (e. Knowing which one clicks with you is important as either path will require exams, assuming you’d pursue an ASA or CPA, which are good options for furthering your career. I’ve been at Corebridge for about 4 years now. I guess it depends what you determine to be rich. my subreddits. We encourage you to Register above and post to get the most out of I received a job offer from a big four company as a Forensic Data Analyst. Visit r/Save3rdPartyApps to learn more. Also I work for one of the big 4 accounting firm so have worked with auditors. Big 4 Case Study Interviews . Both these would be for 3 months but I would have to relocate to another city for the insurance company. Currently, my compensation is about 110k Base + 15k Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Not My understanding (family friend parents at Big 4 in advisory) is that while technical skills are valued earlier in the career progression, to make partner you have to be good at sales (you still have to have the technical skills, but as long as your knowledge is good enough, they would promote you to partner if you were making great sales over a peer who was an expert I think a big reason is that reinsurers get big financial benefits from being based in Bermuda, Big 4 do not. They are just very different careers. To start viewing posts, select a forum from the forums below. I was in the same spot in college - no technical skills or experience when applying for internships. My starting salary was 70k with 4 exams passed. I hear on reddit that some consultancy shops aren't too bad. All I wanted was a job where I wouldn't travel so much, and I ended up finding it in private accounting instead of in the actuarial field. g. Big 4 actuarial refers to the big 4 actuarial consulting firms - Aon, Towers, Mercer, and Milliman. r/DevelEire. I am also waiting to hear back from a state worker's comp insurance company. I don't think company who go through hassle of I'm currently starting a role in Big 4 Audit in Europe (EU). Is this brand still seen as “valuable” in the actuarial field? Just to get straight into it, I have been working for a Big 4 for 2 years in Actuarial. I see a lot of raises going around in the GTA and wanted to know what everyone was receiving. I currently have about 5 years work ex in the UK market (life, big 4 consultancy). I feel completely overwhelmed and have flagged this to my SM but had no action taken. Hi, I'm a newbie to this career path and profession. There is a huge difference and it doesn’t get talked about enough. I worked there for 2 years, post grad. This is an un-official USCG Reddit page. Just to get straight into it, I have been working for a Big 4 for 2 years in Actuarial. The salary is 90k, and I’m planning on living CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. I have a little background in both, but really want to dive in to be able to apply it at the internship. Subreddit for actuarial a place to discuss everything related to the Big 4 accounting firms: PwC r/cscareerquestions. Would you say this is true and is working at the big 4 worth it at the entry-level? In a big company, if you get a bad boss or a bad client you can find a way to wriggle out. Youll also be exposed to alot more. The bonuses at the b4 are also much better as you climb higher. What are some good accounting guidance research tools and resources available for someone in private and who doesn’t have access to any Big 4 library. It's tougher sure but better brand name and more importantly their training is insanely good. I cannot speak to P&C i seriously recommend, and I cannot stress this enough, that you contact some people in Been big 4 for years. Work is great, very wide variety, a lot of upside if you are motivated to sell, but it can be a grind at times. None of them work outside of the 8-5 unless working towards big deadlines. I am a big 4 consulting actuary. I left B4 as a health consultant because it was a grind. I put this course on my resume It sounds like the new standard pathway ("pathway 1") will be a good option for anyone planning to work entirely in Canada, but probably not viable for anyone who thinks they will need an Hi everyone, I am in a dilemma and would need opinions from you guys from Canada. However, I've seen quite a few posts on this sub and other related subs about (a) how the salary of an actuary isn't enough to justify the work you need to put in to achieve the title (b) how many actuaries are getting bored of the work and want to pivot careers but there isn't a lot of options for them to I get about 50K all in (salary plus bonuses) would I be taking a big hit to salary to begin with and do you think my earning potential would be higher as an actuary or data science? I'm not a senior yet, but should be soon so reasonably could expect 10-20K more salary in the next year or two. This is coming from someone who works at one of the 8 companies I mentioned. None of them are actually actuarial roles specifically, but I'm taking this opportunity to experience some "non-traditional" work in Risk in a financial services firm. Big 4 name + extra money won't hurt. Hi everyone, I recently received 2 offers for internships in the Big 4 companies, one from PwC and the other from KPMG. I remember when Arkham City was being advertised not as the biggest open world, but one of the I did big 4, stayed 3 years longer than intended. But, during the next review cycle, they'll argue you already got a raise and not give you much on top. My study method was essentially this: Read the source material and create my own notes (I use Word so it's searchable) After reading Source materials, re-read notes and compare against BattleActs' wiki It sounds like the new standard pathway ("pathway 1") will be a good option for anyone planning to work entirely in Canada, but probably not viable for anyone who thinks they will need an FSA or FCAS designation to do actuarial work at some point in their career (e. Try big 4 consultancies. 5-4 years of experience with your fellowship. Guys i got into maquire for bach of actuary and bachelor of IT(majoring in data science) a double degree. Some f500 companies, usually life Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Actuarial pays higher to start. Deloitte . If you show up every day, act professionally, and don't do anything reckless or unethical, the company will keep paying you I wouldn't say data science or quant finance are exit ops, just that an actuary may have transferrable skills or ones career may evolve into these areas. Members Online EY One Assessment - Actuarial Life Graduate program I don't actually know why you would want to be an actuary; motivation for us all differs. then the big 3 actuarial consulting are right around average. We have tips, videos, and general discussions about volleyball. Also would be better to approach some recruiters in agencies like HFG, Oliver James, Arthur etc on LinkedIn for advice. Subreddit for actuarial professionals, students and interested Big 4 auditor looking for a new role If you're confident, good at interviewing and turn your linkedin to say you are looking for jobs, it is very easy to jump from big 4. Get app Get the Reddit app Log In Log in to Reddit. 5 of which was in a big 4. Source: am an actuary at a Big 4 and interviewed with large insurance companies. Or check it out in the app stores Big 4 (Accounting firms) consultancy role - realised that might be confusing with the usual insurance suspects! Joining Big 4 in the UK next year as an Actuarial Consultant in insurance. Your "promotion year" isn't an official thing but something that is understood culturally so ideally you'd be bringing it up frequently to the people giving you feedback on your snapshot or whatever it's called these days. Topics of interest a place to discuss everything related to the Big 4 accounting firms: PwC The (un)official home of #teampixel and the #madebygoogle lineup on Reddit. Subreddit for actuarial professionals, students and interested In addition to the obvious big 4 jobs,I had a former credentialed coworker go to the IRS Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Best place to begin career as actuary? Big 4 vs Smaller company comments sorted by Best Top New Controversial Q&A Add a Comment At the Big 4 you will be a cog in the machine that updates spreadsheets and models with little opportunity to I also had to stop big 4 consulting firms from screwing up Computer Science, Bozos, and his media arm the Washington Post from illegally using B-1 and student Visas from flooding that labor market. Hello! I have an interview with EY tomorrow for an internship next summer, and one of the interviews Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. /r/volleyball is Reddit's volleyball community. The reason why actuary better is cuz of wlb and less stress. 0+ in college generally u can go big 4 and the salaries are pretty similar to being an actuary in insurance . Subreddit for actuarial professionals, students and I'm not an Actuary but a Company Secretary (CS) and CFA, i have a friend who went for Actuary after graduation when i started CS. 1. Top end experienced pay for super performers? Honestly don't get why anyone would want to work for big 4 - just sounds so underpaid compared to how many hours you work, plus work seems to be primarily insurance audit, so just incredibly process driven - essentially just churning out the same process every year in busy season. What would be the potential salary range I can look at ? I am hoping to be made manager in the next 12 months or so Go big 4. Yes Accountants who don’t take hard exams are now in high demand. Like it's normal for an actuary to have six figures right out of school while a staff accountant will probably start at like 60K then have that pay double in 4-6 years once they earn their CPA and become a manager. You'll probably be at 3. 89 an hour. Tone deaf, maybe I should become an actuary. Also, don't apply direct. Subreddit for actuarial professionals, students and interested a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, I accepted an internship for this summer at one of the big4. What should my salary expectations be? A big thing over GPA is to network. Subreddit for actuarial professionals, students and Hello, didn’t see any salary threads for Canada so wanted to make one. That's at least the impression I get myself. We're both 24 years old by the way so maybe this doesn't apply to a long-term career. I left Big 4 a few months ago as Staff 2 and am now having regrets. Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. skill workshops, mentorship program, rotations, engagement opportunities, bi-monthly check-ins. The big four company, however, I've read on some threads that it's difficult for first time actuaries (even with some exams passed) to get positions. Nothing that you read about doing as an actuary or the diversity of work either. I want to make a career change to actuary. Or check it out in the app stores A place to discuss being or becoming an actuary in the UK. That is incredibly horrible and underwhelming. It depends on your area of practice (life, health, eb/retirement, p&c), your area of work (m&a and transactions, financial reporting, “product” development, etc. Big 4 doesn't pay their accountants that well until they reach pretty senior levels, or many people quit Big 4 and then find good pay based on their Big 4 experience at other accounting jobs. CSCareerQuestions protests in I did big 4, stayed 3 years longer than intended. Subreddit for actuarial professionals, students and interested (innocent) That is incredibly horrible and underwhelming. Big 4 is perfection, perfection is Big 4. Research and guidance is written by regular CPAs. I think the usual consensus is that the majority of big 4 entry level offers are above average. Log In I was wondering if there's anyone up here who has experience working at Deloitte or one of the other Big 4 in an actuarial consulting At my firm as an actuary, my role goes far beyond excel monkey, so I’m really thankful for the experience Just to get straight into it, I have been working for a Big 4 for 2 years in Actuarial. In a sense, being an actuary gives you a floor but doesn't boost your ceiling. Subreddit for actuarial professionals, students and interested Big 4 auditor looking for a new role I have friends in Big 4 (EY & Deloitte) and they said they’ve never been as short staffed so I can’t imagine there will be. Hello guys, I’ve heard about insurance companies having big investment portfolios in which they pour the premiums received. In a big company, if you get a bad boss or a bad client you can find a way to wriggle out. The training is really good, the big 4 stamp on your CV goes a long way with employers and your focus after training contract doesn’t need to be narrowed on accounting roles. Currently, my compensation is about 110k Base + 15k Most here are obviously biased as this is the actuary reddit, and they want to see actuaries who spent years on these exams as trained and able to do lots of things. You get deeper, detailed knowledge in an insurance company but it takes a few rotations to get a complete and rounded skillset. I’m a former consultant at a big 4 firm. Go to actuary r/actuary • by Randomusername178. In the long run earnings are about the same. New York Life and Northwestern Mutual are two Good job. Go to actuary r/actuary • by Bleh_Bleh_Bleh_12. You will have the opportunity to take the reigns. My friends in accounting at big 4 work about 60-80 hrs whereas I usually work 30-40 hrs a week exam season I work Im in PA making almost 160 in big 4 at senior associate. Sitting my first exam in Sept. How is the work/life balance at any of the big 4 audit companies? How many hours would you usually work? From researching on this subreddit and AO, consulting in general seems to be longer hours for comparable pay. I randomly had a meeting scheduled with my partner and didn’t think too much of it until i joined the call and saw HR already there and Yea entry level at big 4 is now around 70k lmao I’m in a mcol/LCOL city and big 4 audit starts at 66k+2k sign on. Study hours for exams are standard and the program provides other ways to help grow students besides study hours, e. Negotiating raises at big 4 is kind of a zero sum game. It’s unrealistic to make a game that big and also have it be fun to travel. Secondly, working for a big 4 you get a great view of the industry, really broad well rounded experience. That's a big ~4 month process that starts with raw data, cleaning it, calculating IBNP, trends, calculating impacts from changes to the Medicaid program/new providers/new laws, risk adjustment, and usually a bunch of other smaller analyses. Traditionally big 4 actuarial outfits are very profitable for the firm and often worked to the bone, often struggling with retention. A degree in CS may or may not get you a career and a job. This sub-reddit is an english language friendly discussion forum focusing on life for living in Bangkok, Hi everyone, I am a newly minted ASA in Big 4 consulting with roughly 3 years of experience. 45K subscribers in the actuary community. Or check it out in the app stores Yes, 13 years ago at age 56. Top end experienced pay for super performers? Big 3? not supposed to be big 4? From what I understand the figures sound correct. Currently the big 4 are bleeding people and are offering a lot of incentives to stick around. The amount of hours you work for tbe 70k sucks. The pay has hiked up a lot during 2022 and 2023 associates in my city for audit are now at 68k and this is a medium col area. I have degrees in business and a grad degree in information systems. 48K subscribers in the actuary community. We get guaranteed raises as we pass exams, no such thing for engineers. in the US and other territories that use the US credentials). We’re prepping for audit season this year and I am the acting senior on multiple audit engagements as all junior staff above me have left. Curious to how stressful you all feel when it comes to being an actuary. Get support, learn new information, and hang out in the subreddit dedicated to Pixel, Nest My plan was never to stay Big 4 for a long time, just to suck it up for 2-4 years before leaving for a better position at a client's company. From GI perspective your best bet is to either try big 4 or companies outside London such DLG, Aviva, LV. Feel free to comment I have never seen or heard of an actuary getting fired at any level. The first few I took they mailed me a hand I started in October after graduating in august with 91k + 7. Minimum COL adjustment is 2. You may take a pay cut I understand that actuaries at the big four have a consulting role while actuaries at insurance companies work in house, but what are the major differences in salary and exit There is no real "Big 4" in the actuarial space, but there are highly-regarded companies to work for and less highly-regarded companies. Networking can help you land a job at Big 4 and any company as a matter of fact. I intend no disrespect to the company or staff as there are many very intelligent employees doing really very good work, but if you’re attracted to the technical elements of actuarial work, you won’t get it at a big 4 at the same level 44K subscribers in the actuary community. Expand user menu Open settings menu. The best place on Reddit for admissions advice. I work in Lloyds and get audited by KPMG and always laugh when I log in and see a bunch of emails from them at 9-10pm. When you qualify it’s good money and you’re future earning potential is great. Looking to take P in July, and FM in November. I hear on reddit Most people I talk to or see comment on Reddit tend to do about 3-4 months of study for each exam and take breaks in between. Do big 4 firm (KPGM, EY, PWC, Deloitte) actuaries get study Im guessing Big 4 actuaries may have similar experiences to mine. I can only speak from a GI London market perspective. Would you say this is true and is working at the big 4 worth it at the entry-level? I bill roughly 50 hours a week and take roughly 4 weeks of PTO. I work in consulting as well within big 4. That is 3/4 the size of Singapore (or 1/20 of the largest island in Hawaii or 10 Manhattans), and this is probably an overestimation. Density > size. Don't get so hell bent on the Big 4 I accepted an internship for this summer at one of the big4. The billable rate needed to support that salary would be hard to justify, as only 4 You are still wrong. Penn State, Ohio State, Michigan, Purdue, Indiana, Iowa, Maryland, The Reddit Law School Go to actuary r/actuary. Literally felt the same way you do not more than a month ago. However, do your due diligence on titles and grades, don't believe them that promotions happen quicker in big 4 (they don't). Study time is usually very respected in insurance, most of my peers in industry work around 30 hours a week and study the other 10. A place to discuss being or becoming an actuary in the UK. Or check it out in the app stores Folks with my level of experience have 400+ bill rates at the big corporate shops, Go to actuary r/actuary. At the big firm, I was pigeonholed. Note that this In one of my previous companies, an ASA with more than 4 years experience can be a manager, but that manager is not like typical manager that leads a small or big team. Or check it out in the app stores Go to actuary r/actuary. I have completed an actuarial year in industry also. At one I went to they said they are all financially comfortable enough to Hey everyone, I'm not an actuary There is no real "Big 4" in the actuarial space, but there are highly-regarded companies to work for and less highly-regarded companies. Can anybody provide some Audit audit audit wooooooooohooOo, I’ve heard big 4 consulting will be less technical compared to milliman/WTW. I worked in consulting, but not at “big 4 accounting firms” or “big 3 pensions firms”. 30 votes, 28 comments. I want to learn a programming language, I was thinking VBA or SQL. In the off season it's helping the state with other questions, projects, and federal reporting requirements. I think with all consulting/audit work, you have to understand the scope of what you are trying to do. edit Actuarial Employment, Jobs, Careers, Interviewing, Articles. However, my true goals lie in finance (IB, ER, PE mainly), and I was wondering what jump to content. Attrition is absolutely crazy. Chicago life folks got crazy high bonuses though. Go through a recruiter. Good luck. To be fairly confident for a 20k annual return, you’d need to invest 250k with an index, and even that is assuming and average return of 8%. I've found the total salary to be pretty poor for big 4 too tbh. Engineering starting salary in my city is 60k-70k with the university being x4 as hard IMO. Subreddit for actuarial professionals, I graduated with a degree in actuarial science and have 3 years experience in pensions 1. Qualified actuary here, but in Australia so may not be the most applicable. Thinking about moving to Sydney as my partner is an Australian citizen. My research shows that actuaries only really make more money in the short run. The duality of these degrees is funny as Actuary is really Having zero Actuarial work experience will definitely make it harder to get a non-internship role, especially at any firm which has a well defined annual internship and grad program system Just to clarify, degrees do not make you an actuary - passing exams makes you an actuary. Topics of interest could be IFoA related (particularly studying to qualify) and discussion of the roles actuaries hold within industries such as pensions, insurance, investment, governance etc. You won't have much time off for exams btw but if you set your boundaries from day 1, I've seen people get their FSA quickly. Big 4 was absolutely the worst office I’ve worked in and was the least I have learned from a job The fact 90% of people will suffer for two years to get letters and a resume boost while venting on reddit before finally jumping ship for +20% salary bump is fucking astounding. I also got into bavhelor of science (majoring in maths or stats) and bach of actuary. Turning to Reddit for help - I’ve been working for a bigger health actuarial consulting brokerage for 2 years straight out of college. They always have cool projects although I always ended up getting the end of a stick, but this is a test that I must endure and overcome, I didn't get it for no reason, they must be testing my will as a potential Partner! Get the Reddit app Scan this QR code to download the app now. Note that this For those who don’t know, the Big 4 actuarial consulting firms are Aon, WTW, Mercer, and Milliman. Incredible opportunities and career development, but they will work you for the high pay. The big four company, however, wants a response before I am likely to know if I will receive the actuarial position. While both big 4’s are known for their consulting practices, one is better known for actuarial work and the other is better known for accounting and audit consulting. This sub-reddit is an english language friendly discussion forum focusing on life for living in Bangkok, Go to actuary r/actuary • by AdolescentActuary. Big 4 donut_legend • Actually Actuary • • There weren’t any huge complaints because everyone knows Big 4 looks good on resume for future career movements but consensus was that you’re working more hours than in insurance. Also making partner at big 4 pays a lot (500k+). Lots of companies want to talk to you if you come from big 4, you just gotta explain why your skills and experiences mean you can move into this new, completely different position for a big pay rise. (Correct me if I left B4 as a health consultant because it was a grind. I was at big 4 for a while they were around 30-40 percentile pay and I'd get pulled up for being less than 50h chargeable on time sheets (which is around 70h of office time). I think our ADP is pretty fair for the most part. Agree that Big 4 accounting firms can offer great opportunities for actuaries, but strongly disagree that they are "definitely less competitive than the big insurance firms". If you show an external offer today, you'll probably get a raise. They always have cool projects although I always ended up getting the end of a stick, but this is a test that I must endure and overcome, I didn't get it for no reason, they must be testing my will as a potential Partner! Depends on your experience. I received a job offer from a big four company as a Forensic Data Analyst. From what I know; Actuary is WAY better than accounting, but If they get laid off, they tend to have high confidence in finding a new high paying job. I’m currently living in a country more than a 24 hour flight away from Bermuda Indian Actuary to `UK . Need help with a salary negotiation upvotes Pay is better the first several years as an actuary. I am currently in my notice period at a big 4, and I wouldn’t recommend joining. Hi there! I interned in KPMG in Sustainable Value (Management Consulting) in my first year and here's what I learnt: Interning in a Big 4 in your first year is very rare and often requires either strong connections with industry (I. Also, P&C pricing in and of itself has tremendous variety to it given the wide array of lines of business and the specific pricing needs of each. Currently in my 2nd year of a 4 year masters program and have been going to big four recruiting events where they have a panel of partners speak about the firm. What should my salary expectations be? I'm starting work at one of the big 4 (PwC, EY, Deloitte, KPMG) in London in general insurance in a couple of weeks and wondering about the future Get the Reddit app Scan this QR code to download the app now. Can’t speak for the big 4 but Milliman definitely varies by office. 5 percent for lower cost area I used to live at that's only Big 4 consultant here. Oh and yes every McDonald’s employee and Amazon warehouse worker saw a huge increase in pay. But now, I am also reading that the progression and exit opportunities for people in risk advisory are not good at all either. I didn’t even do Actuarial Science, I done accounting and finance. Hey everyone, I am a Big 4 consultant and have recently been laid off from my position with absolutely zero warning. Real life travel is pretty boring for most people. Also, I don’t think there are a ton of FSAs with only 4 years total experience (definitely lots in Canada, but Canadian salaries are a different topic), but I can’t see someone with only 4 years of experience with that base salary. qdrxw ajuci npfdnz ybpo bpsxblh umdwl uwlm xikdkb vrbt ame