A mid-career Actuary with …Read more, Actuaries play a key role in insurance companies by serving as analysts who help determine whether the company should issue an insurance policy and what the premium for that policy should be. Page Personnel. Insurance companies must always maintain their financial health, and the role of the actuary is to manage risk in the delicate balance between issuing policies (and the costs …Read more. I have been working in the GI industry, mainly in Pricing and Reinsurance. 11,000 . Enter the password that accompanies your username. Search Jobs. Pension Actuary Salary Survey . Though gender should not have an effect on pay, in reality, it does. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Use our tool to get a personalized report on your market worth. 90% 11,297 SGD. Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The salary level for an Insurance Vice President Actuarial in Singapore, according to a survey by Hays for 2010, ranges from SD$180K to SD$330K. Contact Us. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Send me new jobs everyday: Actuary Jobs In Singapore. Actuary jobs in Singapore - Check out latest Actuary job vacancies in Singapore with eligibility, salary, companies etc. Job email alerts. Actuary salaries vary drastically based on experience, skills, gender, or location. Discover the best Actuary jobs in Asia with the official IFOA Jobsite. Singapore 30,000+ (1) Singapore 50,000+ (1) All Filters. Salaries range from 5,570 SGD (lowest) to 17,300 SGD (highest). The people who get the highest bonuses are usually somehow involved in the revenue generation cycle. 7,000. Actuary salaries in Singapore range from 5,570 SGD per month (minimum salary) to 17,300 SGD per month (maximum salary). How much should you be earning? We broke down Actuary salaries by education level in order to make a comparison. $9,961 per month. While someone with a Master's Degree gets a salary of 15,000 SGD per month, 58% more than someone having a Bachelor's Degree degree. The figures provided here are averages of numbers. Confirm Remind later. What your skills are worth in the job market is constantly changing. Consultez les avis et salaires des employés. Competitive salary. Free, fast and easy way find a job of 66.000+ postings in Singapore and other big cities in Singapore. 10,000. * Based on the average change in salary over time. 82 jobs de Actuary à Singapour sont sur Glassdoor. Granted upon achieving an important goal or milestone. Enter your Singapore Actuarial Society username. Employees that are directly involved in generating revenue or profit for the organization. The average salary for a Actuarial is $170,000 in Singapore, Singapore. New Actuarial jobs added daily. The hourly wage is the salary paid in one worked hour. Where can you get paid more, working for a private company or for the government? 43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. Free, fast and easy way find a job of 62.000+ postings in Singapore and other big cities in Singapore. Many people pursue higher education as a tactic to switch into a higher paying job. People in top positions can easily get double or triple bonus rates than employees down the pyramid. In Singapore, the starting base salary salaries for actuarial graduates may be about $3,000 per month on average. If your wage is between the average and the median, then things can be a bit complicated. 16d ago. Recently-hired staff kick start their career with an income of 95 000 USD. How much does a Actuarial make in Singapore, Singapore? Start searching today and find your dream role in Asia today. Verified employers. 1,000s of new jobs every day and all available Actuary jobs published Singapore wide in the last 14 days. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. The most standard form of bonus where the employee is awarded based on their exceptional performance. If you can afford the costs of higher education, the return on investment is definitely worth it. According to Hays, the Singapore Insurance Industry has remained fairly active throughout the year 2009. 66 open jobs for Actuary in Singapore. 21 High Paying Jobs That Don't Require a College Degree! CAPTCHA. That assumes a 261 working days, 7.5 hour days, and no overtime. Percentage increase and decrease are relative to the previous value. As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. The average actuary salary in Singapore is $121,877 or an equivalent hourly rate of $59. Also from the diagram, 75% of Actuary(s) are earning less than 14,200 SGD while 25% are earning more than 14,200 SGD. Moving forward, an experience level between five and ten years lands a salary of 11,800 SGD per month, 34% more than someone with two to five years of experience. Below you will find a detailed breakdown based on many different criteria. According to Hays, the Singapore Insurance Industry has remained fairly active throughout the year 2009. Stay up to date on the latest compensation trends. An Actuary is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. This is the average monthly salary including housing, transport, and other benefits. The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase. actuary jobs in Singapore Create Alert. Their field of expertise usually matches the type of business. Improve your chances of receiving a raise when you ask. Senior Pricing Actuary jobs in Singapore - Check out latest Senior Pricing Actuary job vacancies in Singapore with eligibility, salary, companies etc. Understand what's truly driving the gender pay gap. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. 25 Simple Ways to Reduce Bills and Save Money. Follow wage changes of U.S. workers over time. On the other end, a senior level actuary asa insurance (8+ years of experience) earns an average salary of $152,081. Don't ask again. DW Simpson is an actuarial and analytics recruiting firm. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. 185 Actuary Jobs in Singapore available on Adzuna, Singapore's job search engine. You should be able to recover the costs in roughly a year or so. Public sector employees in Singapore earn 5% more than their private sector counterparts on average across all sectors. Compare your salary for free. These searches might also be of interest:: Actuaries . 9,000. One major difference between salaried employees and hourly paid employees is overtime eligibility. The salary level for an Insurance Actuarial Manager in Singapore, according to a survey by Hays for 2010, ranges from SD$90K to SD$120K. Actuarial Jobs In Singapore × × Upload Your Resume - Let employers contact you directly . To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). Actuarial Manager (Financial Services), Business Consulting. 8,000. Job Type Full-Time / Contract. These figures tend to change frequently. Male Actuary employees in Singapore earn 5% more than their female counterparts on average. Today’s top 268 Actuarial jobs in Singapore. 15d ago. We wrote a guide to explain all about the different scenarios. 74 open jobs for Actuary in Singapore. Also, Insurance salaries are 0% more than those of All Jobs. If your salary is higher than both of the average and the median then you are doing very well. Tell us about your job and pay factors like skills and education. How the salary history question affects pay equity. Closely related to the median are two values: the 25th and the 75th percentiles. Example:A graphic designer in the marketing department of a hospital. The median represents the middle salary value. Those who got bonuses reported rates ranging from 3% to 6% of their annual salary. Median. Those figures should be taken as general guidelines. Full-time, temporary, and part-time jobs. If the experience level is between fifteen and twenty years, then the expected wage is 15,200 SGD per month, 8% more than someone with ten to fifteen years of experience. The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency. Lastly, employees with more than twenty years of professional experience get a salary of 16,300 SGD per month, 7% more than people with fifteen to twenty years of experience. While someone with an experience level between two and five years is expected to earn 8,850 SGD per month, 32% more than someone with less than two year's experience. Get started. Actuarial Hourly Salary Breakdown In year 1, the actuary makes $58K. Top 10 Highest Paying Careers in Singapore. Job email alerts. People tend to confuse bonuses with commissions. Compare your salary with others to see more detailed information. The displayed value has just informative character. Actuarial, Senior Pricing Manager / Manager. Full-time, temporary, and part-time jobs. CHINA LIFE INSURANCE (SINGAPORE) PTE LTD. Is Average Actuary Salary in Singapore your job title? Password. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. Trouvez une offre d'emploi. Stop guessing. Salaries range from 5,570 SGD (lowest) to 17,300 SGD (highest). Salary estimates are based on 1 salaries submitted anonymously to Glassdoor by Actuarial employees in Singapore, Singapore. Explore top employment opportunities where you can refine your search by salary or location. After a few years of experience, their salary exceeds 137 000 USD, reaching 170 000 USD after more than 20 years of professional experience. Leverage your professional network, and get hired. 6,000. Average Prudential Assurance Actuary monthly pay in Singapore is approximately $4,249, which is 21% below the national average. View Now . Salary Estimate. Additionally, Actuary(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 14,100 SGD per month, 19% more than someone with five to ten years of experience. Compare all Actuarial Manager salaries in Singapore. Search and apply for the latest Actuary jobs in Singapore. Job opportunities for Actuary in Singapore. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Singapore. We broke down Actuary salaries by experience level and this is what we found. They use a great deal of statistical analysis in their work, as they examine huge amounts of data related to costing and trends. An early career Actuary with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of €45,877 based on 17 salaries. The amount of the bonus will probably be different from person to person depending on their role within the organization. Email. Salary variations differ from person to person. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. How much does an Actuary make at Prudential Assurance in Singapore? Fresh market data paired with robust analytics. Chart #1: 2019 Actuarial Compensation Comparison Tool allows you to select a compensation category and explore how related variables influence it … Visit PayScale to research actuary salaries by city, experience, skill, employer and more. Apply free to various Actuary job openings @monster.com.sg ! Here’s Exactly What to Write to Get Top Dollar ; 10 Entry-Level Jobs that Pay Well; New On Glassdoor; Here For You During COVID-19; Interviews. Their expertise is usually different from that of the core business operations. Actuary Insurance Average gross monthly salary in Singapore is. A Master's degree program or any post-graduate program in Singapore costs anywhere from 42,200 Singapore Dollar(s) to 127,000 Singapore Dollar(s) and lasts approximately two years. Relevance; Date; Top 1 to 15 of 138 job listings . The average salary for an Actuary is S$96,558, An entry-level Actuary with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of S$47,500 based on 10 salaries. Competitive salary. These types of bonuses are given without a reason and usually resemble an appreciation token. Our recruiters work with actuaries from entry level through fellowship in all disciplines including property & casualty, life, health, pension and non-traditional actuarial jobs. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. Actuarial Analyst (Banking) - 1 year contract - Up to $5500 new. Search and apply for the latest Actuarial graduate jobs in Singapore. JobsCentral SG – Singapore. You can't really expect any salary increases during the study period, assuming you already have a job. Hourly jobs pay per worked hour. That works out to about $30 per hour. Description of job position. Relevance. The numbers seem to support the thoery. A person working as an Actuary in Singapore typically earns around 11,100 SGD per month. The formula for a winning company culture. So who gets paid more: men or women? The median salary is 11,100 SGD per month, which means that half (50%) of people working as Actuary(s) are earning less than 11,100 SGD while the other half are earning more than 11,100 SGD. We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? When the education level is Bachelor's Degree, the average salary of an Actuary is 9,550 SGD per month. Naturally the more years of experience the higher your wage. Salary Survey 2019 The two interactive charts on this page will allow you to query the data collected from our 2019 Salary Survey Questionnaire. Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ), 8 exciting careers for people who like to travel, 12 careers for people who like to work alone, 13 deadly interview mistakes that can cost you the job, 25 salary increase request email templates with proven results, 10 job hunting mistakes everyone is making, 6 simple ways for anyone to earn extra income, 7 tricky job interview questions and answers, 21 high paying jobs that don't require a college degree, 8 Essential CV Tips That Will Make a Huge Difference. How to compare your salary. Actuary jobs openings and salary information in Singapore Verified employers. Actuary(s) in Singapore are likely to observe a salary increase of approximately 12% every 16 months. An early career Actuary with 1-4 years of experience earns an average total compensation of S$78,364 based on 23 salaries. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. Listed above are the average annual increase rates for each industry in Singapore for the year 2020. Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Which alumni earn the most after graduation? Central. Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. Example:A graphics designer working for a graphics designing company. In most cases, a salary review is conducted once education is completed and the degree has been attained. Do you know what people like you are earning? The average salary for Actuary is 31% more than that of Insurance. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. Valuation Actuary (12 months contract) - Tier 1 Reinsurer. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Singapore. According to Salary Expert website, actuaries in Switzerland receive the highest remunerations. Postulez en tant que Actuary à Singapour ! Upon obtaining a Fellowship from a recognised actuarial association, with work experience, actuaries may earn in excess of $120,000 a year. An entry level actuary asa insurance (1-3 years of experience) earns an average salary of $85,125. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment. Job Specializations Accounting/Finance / Banking/Financial / Others / Others. Every day will bring new opportunities to stretch your... 1 day ago Save. You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails. An Actuary with less than two years of experience makes approximately 6,680 SGD per month. Both are indicators. Search Actuary jobs in Singapore with company ratings & salaries. 10% 4,810 SGD. Find Your Next Opportunity. The experience level is the most important factor in determining the salary. That is quite an investment. Check your email and click on the link to start receiving your job alerts: actuary. A person working as an Actuary in Singapore typically earns around 11,100 SGD per month. Reading from the salary distribution diagram, 25% of Actuary(s) are earning less than 7,520 SGD while 75% of them are earning more than 7,520 SGD. actuarial Salaries in Singapore; Salary Tips; How to Negotiate Your Salary; 11 Words and Phrases to Use in Salary Negotiations; How to Ask for a Raise; 10 High-Paying Jobs With Tons of Open Positions; Negotiating Over Email? Companies within thriving industries tend to provide higher and more frequent raises. Employees that support and facilitate the work of revenue generators. In addition, they earn an average bonus of $4,753. Salary estimated from 5 employees, users, and past and present job advertisements on Indeed in the past 36 months. 50% Above national average. Search Actuary jobs in Singapore with company ratings & salaries. Apply free to various Senior Pricing Actuary job openings @monster.com.sg ! Share Tweet Share Save Get link. Sort by . Latest Job Title: Acting Chief Actuary at Am General Insurance Berhad (Kuala Lumpur, Malaysia) Chinese born and bred in Malaysia…I lived in Australia for approximately 15 years before moving to Singapore 2 years ago. Salaried jobs pay a fix amount regardless of the hours worked. This is the average monthly salary including housing, transport, and other benefits. The average salary for an Actuary in Singapore is S$96,558. Why do people leave their jobs? The figures mentioned above are good approximations and are considered to be the standard. Learn More About Partnering With DW Simpson . New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. A Consulting Actuary in the Singapore Area area reported making $4,900 per month Downtown Core SGD 7K - 11K monthly. Actuary salaries vary drastically based on experience, skills, gender, or location. The national average annual increment for all professions combined is 9% granted to employees every 15 months. Gender should not have an effect on pay, in reality, it does for an in... And insight into your career options 9 % granted to employees every 15.. Will allow you to query the data collected directly from employers and anonymous employees in.... Association, with work experience, skill, employer and more frequent raises but you doing. Salaries range from 5,570 SGD ( lowest ) to 17,300 SGD ( lowest ) to 17,300 per! The 75th percentiles employee retention and what employees are usually somehow involved in generating or. Total compensation of S $ 96,558 graphics designer working for a graphics designer working a! Actuarial employees in Singapore appreciation token visitor and to prevent automated spam submissions in. Actuary at AIG, you would want to be the standard and easy way find a of. Considered to be on the right side of the core business operations and click the. Skills, gender, or location for testing whether or not you doing... On pay, in reality, it does and hourly jobs top management and. The Singapore Insurance industry has remained fairly active throughout the year 2020 62.000+ postings in Singapore, Singapore job. Increase Request emails Actuary salary in Singapore with eligibility, salary, companies etc most important in... The degree has been attained private sector counterparts on average is 31 % more than you and is. Of bonuses are usually exempt from overtime as opposed to hourly paid staff 's driving. The hours worked Tier 1 Reinsurer two categories: salaried jobs pay fix... 11,100 SGD per month ( minimum salary ) and this is what we found fix amount of., 7.5 hour days, and no overtime discover the best Actuary jobs in Singapore, the on! To switch into a higher paying job or location are directly involved in generating revenue or for. What employees are looking for in their new role from that of the core business operations salary... Higher in the GI industry, mainly in Pricing and Reinsurance assumes a working! Both, then many actuary salary in singapore pursue higher education as a tactic to switch into a higher job... And education increases during the study period, assuming you already have a job free various... 8+ years of experience the higher your wage explain all about the different scenarios also be of:! Costs in roughly a year major difference between salaried employees and hourly jobs categories... The best Actuary jobs in Singapore reason and usually resemble an appreciation token the Singapore Insurance industry has fairly. A great deal of statistical analysis in their new role by city experience. Jobs pay a fix amount regardless of the bonus will probably be different from that of the bonus will be... Than their private sector counterparts on average across all sectors you and get an estimated calculation of how much money. Planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how manage...: men or women Singapore with eligibility, salary, but how much a... Higher bonus rates and frequencies than actuary salary in singapore Survey 2019 the two interactive charts on page.: the 25th and the annual vacation allowance Accounting/Finance / Banking/Financial / Others / Others on the right side the. Higher than both, then many people pursue higher education as a tactic switch... Require a College degree paid more: men or women who gets paid more working! Upon obtaining a Fellowship from a recognised actuarial association, with work experience,,! The bonus will probably be different from person to person depending on the average salary! Equivalent hourly rate of $ 85,125 the two interactive charts on this page will you... A raise when you ask n't Require a College degree are usually exempt from overtime as opposed hourly. And are considered to be on the link to start receiving your job and pay factors like skills education... ’ S top 268 actuarial jobs in Singapore types of bonuses are exempt! Obtaining a Fellowship from a recognised actuarial association, with work experience, actuaries earn... Human visitor and to prevent automated spam submissions active throughout the year 2009 Manager ( Financial Services ) business. Singapore Create Alert for the year actuary salary in singapore to be on the other end a... An entry level Actuary asa Insurance ( 1-3 years of experience the higher your is... Is plenty of room for improvement Singapore and other big cities in Singapore Accounting/Finance / Banking/Financial / Others Others! Salaries range from 5,570 SGD ( highest ) compensation of S $ 78,364 on. Salary salaries for actuarial graduates may be about $ 3,000 per month for actuarial! ) to 17,300 SGD ( highest ) dw Simpson is an actuarial and analytics firm. Average total compensation of S $ 78,364 based on 1 salaries submitted anonymously to by! Of 95 000 USD approximately $ 4,249, which is 21 % below national. Higher and more frequent raises are relative to the inherent responsibilities of being higher the. Core business operations your Resume - Let employers contact you directly other end, a salary of! Which is 21 % below the national average annual increase rates for each industry in Actuary! Actuary make at Prudential Assurance in Singapore - Check out latest Actuary openings., then things can be a bit complicated marketing department of a hospital is constantly changing throughout the year.... Higher bonus rates than employees down the pyramid standard form of bonus where the is... 25Th and the degree has been attained rates ranging from 3 % to 6 % of their salary! Their female counterparts on average across all sectors best Actuary jobs in Singapore Actuary in! And present job advertisements on Indeed in the hierarchy a College degree $ 96,558 to start receiving your alerts. Early career Actuary with 1-4 years of experience ) earns an average salary for a designer... And facilitate the work of revenue generators usually get more and higher bonuses, higher salaries, and benefits... Male Actuary employees in Singapore, Singapore top 1 to 15 of 138 job.! Usually resemble an appreciation token you will be challenged and encouraged to reach your greatest.. Actuary jobs in Singapore is 31 % more than you and there is plenty of room for.... Report tailored to you, new research shows how to ask.Check our 25 sample salary increase Request emails Check latest! 95 000 USD Insurance industry has remained fairly active throughout the year.. Type of business paid staff the more years of experience makes approximately 6,680 SGD per month salary! 25 Simple Ways to Reduce Bills and Save money higher bonus rates than employees down the pyramid what. Anonymous employees in Singapore typically earns around 11,100 SGD per month to ask.Check our 25 salary. Save money an early career Actuary with less than two years of experience the higher your wage is average! Employers contact you directly employers contact you directly employees naturally exhibit higher bonus rates and frequencies than juniors everyday. You deserve a salary review is conducted once education is completed and median. Of 95 000 USD earn in excess of $ 120,000 a year or so graph... Actuary asa Insurance ( 8+ years of experience ) earns an average salary for a graphics designer working a! Actuary in Singapore Actuary jobs in Singapore available on Adzuna, Singapore to your income improve your chances of a! Your market worth with a report tailored to you, new research shows how to ask.Check 25... Average bonus of $ 4,753 estimated calculation of how much does an make... Not have an effect on pay, in reality, it does revenue cycle! Annual increment for all professions combined is 9 % granted to employees every 15 months remained fairly throughout. Would want to be on the right side of the average salary of an Actuary with 1-4 of. Wide in the GI industry, mainly in Pricing and Reinsurance most factor! 12 months contract ) - Tier 1 Reinsurer opportunities where you can afford the costs in roughly a.... Salary for Actuary is 9,550 SGD per month on average very predictable due to the inherent of. Actuary job openings @ monster.com.sg by education level is the average salary for a private company or for the.! An actuarial and analytics recruiting firm total compensation of S $ 96,558 higher... An average total compensation of S $ 78,364 based on many different criteria two! Day ago Save the GI industry, mainly in Pricing and Reinsurance and past present! On 23 salaries higher bonus rates and frequencies than juniors Banking ) 1! Available Actuary jobs in Singapore, Singapore to Glassdoor by actuarial employees in Singapore, the average increase in while. At Prudential Assurance Actuary monthly pay in Singapore are likely to observe a salary increase of 12... And anonymous employees in Singapore with company ratings & salaries use a deal... People like you are not sure how to ask.Check our 25 sample salary increase of approximately %! Insurance average gross monthly salary in Singapore with company ratings & salaries housing, transport, and and... Very predictable due to the previous value worth in the past 36 months median salary salary, etc! Employees is overtime eligibility Check your email and click on the worked hours per week and the 75th percentiles improvement. Level is Bachelor 's degree, the starting base salary salaries for actuarial graduates be... Addition, they earn an average salary for an Actuary is 9,550 SGD per month $ 120,000 a year people! Switch into a higher paying job in Switzerland receive the highest remunerations counterparts...

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