EXPLORING THE DW SIMPSON SALARY SURVEY

Read the latest industry updates and events.

In the complex landscape of actuarial science roles and titles, understanding compensation trends is crucial for professionals and employers alike. The DW Simpson Salary Survey offers valuable insights into salary benchmarks, trends, and other factors influencing compensation within the actuarial field.

 

Founded in 1989, DW Simpson Global Actuarial & Analytics Recruitment has been a trusted partner for both employers and job seekers in the actuarial field. With a finger on the pulse of the industry, DW Simpson has cultivated a deep understanding of the profession, making them ideally positioned to conduct one of the most comprehensive salary surveys in the field. The DW Simpson Salary Survey provides the most accurate and timely data on the compensation of actuaries, covering different practice areas, such as health, life, property and casualty, pension, and catastrophe modeling. It also includes data on various levels of experience, from students to fellows. Our Salary Survey stands out as a comprehensive resource, offering valuable insights into salary benchmarks, trends, and factors influencing compensation within the actuarial field. You can find all the current Salary Surveys at Actuarial Salary Surveys – DW Simpson

 

Key Highlights of the Salary Survey include:

Experience Levels – Salaries often correlate with experience levels. The DW Simpson Salary Survey breaks down compensation data based on experience, ranging from entry-level to senior positions, enabling professionals to assess their earning potential at various career stages.

Specializations – Actuaries work in diverse areas such as property & casualty, life insurance, health insurance, pensions, and risk management. The survey provides salary data tailored to these specializations, offering nuanced insights into compensation trends within specific sectors of the profession.

Compensation Trends – The survey tracks compensation across distinct experience levels, credentials, and geographic regions, providing a comprehensive overview of salary trends within the industry. This data not only helps actuaries benchmark their own compensation but also offers valuable insights for employers seeking to attract and retain top talent.

Credentialing and Education – With the actuarial profession known for its rigorous credentialing process, the survey sheds light on the impact of credentials such as the Associate of the Society of Actuaries (ASA) and the Fellow of the Casualty Actuarial Society (FCAS) on compensation and career advancement.

 

Utilizing the Survey:

For Actuaries – Professionals can leverage the DW Simpson Salary Survey to benchmark their own compensation, negotiate salary adjustments, and make informed career decisions based on industry standards.

For Employers – Employers benefit from the survey by gaining insights into competitive compensation packages, aiding in recruitment efforts, and ensuring their salary offerings remain attractive to top talent.

 

Practical Implications:

Negotiating Salary – For aspiring actuaries and seasoned professionals alike, the DW Simpson Salary Survey serves as a navigational tool, guiding career decisions and informing strategic choices. By leveraging the insights gleaned from the survey, individuals can negotiate compensation with confidence, ensuring they receive fair consideration for their skills and experience.

Plan Career Trajectories – Whether aspiring to climb the corporate ladder or pivot into a new industry, understanding the factors that drive career advancement is crucial. The survey’s findings can help individuals chart their career trajectories strategically, identifying opportunities for growth and development.

Emerging Trends – Beyond historical data, the survey can highlight emerging trends shaping actuarial compensation. This could include the impact of technological advancements, regulatory changes, or shifts in industry demand on salary structures.

 

The DW Simpson Salary Survey serves as a vital resource for both actuarial professionals and employers, offering comprehensive insights into compensation trends within the field. By understanding and leveraging the data provided, individuals and organizations can make informed decisions to navigate the changing landscape of actuarial compensation effectively. Actuarial Salary Surveys – DW Simpson

 

-Patty Kennelly, Partner, DW Simpson

 

SUCCESS MATTERS – WORK WITH THE LEADING ACTUARIAL RECRUITMENT FIRM

DW Simpson has grown to become the largest actuarial recruiting firm because of our consistent results. Over the last 30+ years, DW Simpson has placed actuaries at all levels, from C-suite roles to students, and in all actuarial disciplines. We are constantly growing and evolving as recruiters and industry knowledge leaders, with an eye towards becoming more effective, better educated, and continuing to drive success for our clients and candidates. For more information, visit our website at www.dwsimpson.com