Members of the actuarial profession saw their basic pay rise by an average of 6.5%, CELRE's 2008 salary survey for actuaries and actuarial students shows.
The report, published today, is based on data from 32 companies and covers 2,192 individual employees in the actuarial profession.
Email CELRE or call 020 8652 8590 to subscribe to this year's survey report and to find out more about how to participate in 2009. Please mention Ref CW01 when you call.
The findings show that salaries rose more rapidly in the financial services sector, at an average of 6.8%, than in consultancies, where the average rise was 5.5%. In both sectors, however, pay rises were higher than they had been since our 2005 report.
Data for the report was collected as at 1 September 2008, reflecting a final year of good times in the economy before the financial crisis engulfed the City and spread out in to industry.
Looking ahead, employers expect to see pay increases drop to around 3.8% in the next pay round.
The report, the 24th in the series, includes salary tables showing breakdowns based on:
- 13 job functions;
- 9 levels of seniority;
- 10 levels of qualification; and
- 3 locations - inner and outer London, and the rest of the UK.
Further information about the CELRE Actuaries and Actuarial Students Salary Survey 2008.
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