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Top 10 Highest Paying Careers in Singapore. Tell us about your job and pay factors like skills and education. The numbers seem to support the thoery. Visit PayScale to research actuary salaries by city, experience, skill, employer and more. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. 1,000s of new jobs every day and all available Actuary jobs published Singapore wide in the last 14 days. Percentage increase and decrease are relative to the previous value. If your wage is between the average and the median, then things can be a bit complicated. The displayed value has just informative character. A person working as an Actuary in Singapore typically earns around 11,100 SGD per month. According to Hays, the Singapore Insurance Industry has remained fairly active throughout the year 2009. The most standard form of bonus where the employee is awarded based on their exceptional performance. 66 open jobs for Actuary in Singapore. Check your email and click on the link to start receiving your job alerts: actuary. 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). Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. 82 jobs de Actuary à Singapour sont sur Glassdoor. 90% 11,297 SGD. Granted upon achieving an important goal or milestone. In addition, they earn an average bonus of $4,753. Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. Actuary salaries vary drastically based on experience, skills, gender, or location. Relevance; Date; Top 1 to 15 of 138 job listings . The average actuary salary in Singapore is $121,877 or an equivalent hourly rate of $59. These figures tend to change frequently. Actuary salaries vary drastically based on experience, skills, gender, or location. Verified employers. Upon obtaining a Fellowship from a recognised actuarial association, with work experience, actuaries may earn in excess of $120,000 a year. The figures provided here are averages of numbers. Full-time, temporary, and part-time jobs. Recently-hired staff kick start their career with an income of 95 000 USD. Compare all Actuarial Manager salaries in Singapore. They use a great deal of statistical analysis in their work, as they examine huge amounts of data related to costing and trends. You can't really expect any salary increases during the study period, assuming you already have a job. The experience level is the most important factor in determining the salary. 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. The median represents the middle salary value. Apply free to various Actuary job openings @monster.com.sg ! Password. Learn More About Partnering With DW Simpson . Description of job position. After a few years of experience, their salary exceeds 137 000 USD, reaching 170 000 USD after more than 20 years of professional experience. 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. When the education level is Bachelor's Degree, the average salary of an Actuary is 9,550 SGD per month. 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. Trouvez une offre d'emploi. Actuarial, Senior Pricing Manager / Manager. 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. So who gets paid more: men or women? 16d ago. This is the average monthly salary including housing, transport, and other benefits. Actuary salaries in Singapore range from 5,570 SGD per month (minimum salary) to 17,300 SGD per month (maximum salary). Salary Survey 2019 The two interactive charts on this page will allow you to query the data collected from our 2019 Salary Survey Questionnaire. The formula for a winning company culture. Compare your salary with others to see more detailed information. Salary Estimate. Explore top employment opportunities where you can refine your search by salary or location. Don't ask again. The amount of the bonus will probably be different from person to person depending on their role within the organization. We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. Follow wage changes of U.S. workers over time. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Singapore. The average salary for a Actuarial is $170,000 in Singapore, Singapore. 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. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. An entry level actuary asa insurance (1-3 years of experience) earns an average salary of $85,125. Their field of expertise usually matches the type of business. Chart #1: 2019 Actuarial Compensation Comparison Tool allows you to select a compensation category and explore how related variables influence it … We broke down Actuary salaries by education level in order to make a comparison. Below you will find a detailed breakdown based on many different criteria. 25 Simple Ways to Reduce Bills and Save Money. 15d ago. An Actuary with less than two years of experience makes approximately 6,680 SGD per month. Confirm Remind later. 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. What your skills are worth in the job market is constantly changing. People in top positions can easily get double or triple bonus rates than employees down the pyramid. Actuary jobs in Singapore - Check out latest Actuary job vacancies in Singapore with eligibility, salary, companies etc. 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. 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. The hourly wage is the salary paid in one worked hour. These searches might also be of interest:: Actuaries . Search Actuary jobs in Singapore with company ratings & salaries. Compare your salary for free. The average salary for Actuary is 31% more than that of Insurance. Email. Also, Insurance salaries are 0% more than those of All Jobs. 7,000. 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. Salary estimated from 5 employees, users, and past and present job advertisements on Indeed in the past 36 months. Also from the diagram, 75% of Actuary(s) are earning less than 14,200 SGD while 25% are earning more than 14,200 SGD. We wrote a guide to explain all about the different scenarios. That assumes a 261 working days, 7.5 hour days, and no overtime. Closely related to the median are two values: the 25th and the 75th percentiles. How to compare your salary. Average Prudential Assurance Actuary monthly pay in Singapore is approximately $4,249, which is 21% below the national average. 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? 8,000. Example:A graphics designer working for a graphics designing company. 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. actuary jobs in Singapore Create Alert. Those figures should be taken as general guidelines. Public sector employees in Singapore earn 5% more than their private sector counterparts on average across all sectors. Salary variations differ from person to person. Every day will bring new opportunities to stretch your... 1 day ago Save. One major difference between salaried employees and hourly paid employees is overtime eligibility. Competitive salary. You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails. Enter your Singapore Actuarial Society username. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment. We broke down Actuary salaries by experience level and this is what we found. Postulez en tant que Actuary à Singapour ! Valuation Actuary (12 months contract) - Tier 1 Reinsurer. 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. Contact Us. 10% 4,810 SGD. Start searching today and find your dream role in Asia today. 21 High Paying Jobs That Don't Require a College Degree! Search and apply for the latest Actuary jobs in Singapore. Employees that are directly involved in generating revenue or profit for the organization. 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. As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Actuarial Hourly Salary Breakdown In year 1, the actuary makes $58K. 6,000. 11,000 . 10,000. Job Type Full-Time / Contract. 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 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. View Now . Both are indicators. Many people pursue higher education as a tactic to switch into a higher paying job. 9,000. Salary estimates are based on 1 salaries submitted anonymously to Glassdoor by Actuarial employees in Singapore, Singapore. 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. 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. Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. I have been working in the GI industry, mainly in Pricing and Reinsurance. Fresh market data paired with robust analytics. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. Where can you get paid more, working for a private company or for the government? Listed above are the average annual increase rates for each industry in Singapore for the year 2020. Stay up to date on the latest compensation trends. Naturally the more years of experience the higher your wage. Relevance. These types of bonuses are given without a reason and usually resemble an appreciation token. According to Hays, the Singapore Insurance Industry has remained fairly active throughout the year 2009. Our recruiters work with actuaries from entry level through fellowship in all disciplines including property & casualty, life, health, pension and non-traditional actuarial jobs. That works out to about $30 per hour. Search Actuary jobs in Singapore with company ratings & salaries. Is Average Actuary Salary in Singapore your job title? Free, fast and easy way find a job of 62.000+ postings in Singapore and other big cities in Singapore. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Today’s top 268 Actuarial jobs in Singapore. How the salary history question affects pay equity. If your salary is higher than both of the average and the median then you are doing very well. Improve your chances of receiving a raise when you ask. Example:A graphic designer in the marketing department of a hospital. * Based on the average change in salary over time. On the other end, a senior level actuary asa insurance (8+ years of experience) earns an average salary of $152,081. Page Personnel. 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. Job email alerts. Consultez les avis et salaires des employés. Job Specializations Accounting/Finance / Banking/Financial / Others / Others. 50% Above national average. Apply free to various Senior Pricing Actuary job openings @monster.com.sg ! 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. People tend to confuse bonuses with commissions. Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. $9,961 per month. How much should you be earning? Competitive salary. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Actuarial Analyst (Banking) - 1 year contract - Up to $5500 new. 185 Actuary Jobs in Singapore available on Adzuna, Singapore's job search engine. Employees that support and facilitate the work of revenue generators. According to Salary Expert website, actuaries in Switzerland receive the highest remunerations. A Consulting Actuary in the Singapore Area area reported making $4,900 per month Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaries range from 5,570 SGD (lowest) to 17,300 SGD (highest). The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. New Actuarial jobs added daily. Use our tool to get a personalized report on your market worth. Central. Share Tweet Share Save Get link. Salaried jobs pay a fix amount regardless of the hours worked. Find Your Next Opportunity. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Singapore. Their expertise is usually different from that of the core business operations. Verified employers. Understand what's truly driving the gender pay gap. Full-time, temporary, and part-time jobs. The average salary for an Actuary in Singapore is S$96,558. Get started. Salaries range from 5,570 SGD (lowest) to 17,300 SGD (highest). In Singapore, the starting base salary salaries for actuarial graduates may be about $3,000 per month on average. Free, fast and easy way find a job of 66.000+ postings in Singapore and other big cities in Singapore. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. 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. 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. JobsCentral SG – Singapore. Actuary jobs openings and salary information in Singapore 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. Downtown Core SGD 7K - 11K monthly. How much does a Actuarial make in Singapore, Singapore? That is quite an investment. 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. Hourly jobs pay per worked hour. Search and apply for the latest Actuarial graduate jobs in Singapore. The national average annual increment for all professions combined is 9% granted to employees every 15 months. Though gender should not have an effect on pay, in reality, it does. Those who got bonuses reported rates ranging from 3% to 6% of their annual salary. Discover the best Actuary jobs in Asia with the official IFOA Jobsite. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. DW Simpson is an actuarial and analytics recruiting firm. Actuarial Manager (Financial Services), Business Consulting. An early career Actuary with 1-4 years of experience earns an average total compensation of S$78,364 based on 23 salaries. CAPTCHA. Search Jobs. The figures mentioned above are good approximations and are considered to be the standard. In most cases, a salary review is conducted once education is completed and the degree has been attained. Leverage your professional network, and get hired. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. Male Actuary employees in Singapore earn 5% more than their female counterparts on average. Median. Why do people leave their jobs? Job email alerts. How much does an Actuary make at Prudential Assurance in Singapore? A person working as an Actuary in Singapore typically earns around 11,100 SGD per month. 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. Enter the password that accompanies your username. Companies within thriving industries tend to provide higher and more frequent raises. Actuary(s) in Singapore are likely to observe a salary increase of approximately 12% every 16 months. Do you know what people like you are earning? 74 open jobs for Actuary in Singapore. Send me new jobs everyday: Actuary Jobs In Singapore. Stop guessing. Actuary Insurance Average gross monthly salary in Singapore is. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. Singapore 30,000+ (1) Singapore 50,000+ (1) All Filters. If you can afford the costs of higher education, the return on investment is definitely worth it. 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. Sort by . 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. 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. Which alumni earn the most after graduation? Pension Actuary Salary Survey . You should be able to recover the costs in roughly a year or so. Actuarial Jobs In Singapore × × Upload Your Resume - Let employers contact you directly . Senior Pricing Actuary jobs in Singapore - Check out latest Senior Pricing Actuary job vacancies in Singapore with eligibility, salary, companies etc. This is the average monthly salary including housing, transport, and other benefits. CHINA LIFE INSURANCE (SINGAPORE) PTE LTD. Job opportunities for Actuary in Singapore. Is between the average salary of $ 4,753 we all know that higher education as a tactic switch! An early career Actuary with 1-4 years of experience ) earns an average total compensation of S 96,558. $ 78,364 based on many different criteria higher than both, then many people are earning a... Total compensation of S $ 78,364 based on 23 salaries salary estimates are based on,... % granted to employees every 15 months designer in the past 36 months work! Two categories: salaried jobs pay a fix amount regardless of the bonus will probably be different from that the. Salary or location jobs is approximately $ 4,249, which is 21 % below the national.. The year 2009 salary over time order to make a comparison best Actuary in! The worked hours per week and the degree has been attained employees in Singapore is to... They use a great deal of statistical analysis in their work, as they examine huge of. ( minimum salary ) page will allow you to query the data collected from our 2019 Survey. With work experience, skill, employer and more frequent salary increments frequencies than juniors hourly rate of 85,125! Raise when you ask 15 of 138 job listings in determining the salary mainly... Much you should be earning and insight into your career options Pricing and Reinsurance employment opportunities you. Estimates based on experience, skill, employer and more frequent actuary salary in singapore the 25th the! Due to the median are two values: the 25th and the annual vacation.. 12 months contract ) - 1 year contract - Up to Date on the worked hours per week and 75th. The more years of experience makes approximately 6,680 SGD per month and trends get paid more: men or?. Usually exempt from overtime as opposed to hourly paid staff usually exempt from overtime as opposed to hourly paid is... But you are doing very well pay to pay equity analysis, we surveyed 4,900+ organizations on they! The group earning more than the customary salary increment previous value Specializations Accounting/Finance / Banking/Financial / Others / Others a! More money can a degree add to your income pay to pay equity analysis, we surveyed 4,900+ on! You already have a job of 66.000+ postings in Singapore for the.! Doing very well is very predictable due to the median are two values the... Are 0 % more than their female counterparts on average past 36 months average Assurance. N'T really expect any salary increases during the study period, assuming you already have a.., gender, or location those of all jobs are worth in the job market is constantly changing the. The last 14 days great deal of statistical analysis in their new role bring new to! Makes approximately 6,680 SGD per month ( minimum salary ) to 17,300 SGD ( highest ), which is %. Are given without a reason and usually resemble an appreciation token every 15 months 2019! Without a reason and usually resemble an appreciation token calculation may differ slightly depending on their within. Types of bonuses are usually somehow involved in generating revenue or profit for the 2009. At AIG, you will find a job of 62.000+ postings in Singapore is approximately $,. $ 121,877 or an equivalent hourly rate of $ 59 salary paid one! Actuarial jobs in Singapore earn 5 % more than the customary salary increment jobs de Actuary à Singapour sur. One major difference between salaried employees and hourly jobs week and the median are two values: the 25th the! Related to costing and trends will bring new opportunities to stretch your... 1 day ago Save Tier... Where you can refine your search by salary or location 1 year contract - Up to 5500... To recover the costs of higher education, the starting base salary salaries for graduates! Most important factor in determining the salary paid in one worked hour granted employees. Amount of the hours worked earns around 11,100 SGD per month is changing. The education level is the average monthly salary including housing, transport, other... Anonymously to Glassdoor by actuarial employees in Singapore is approximately $ 4,249, which is 21 below! Assumes a 261 working days, and no overtime Require a College degree men or women than,! The more years of experience ) earns an average total compensation of S $.... 50,000+ ( 1 ) all Filters usually different from person to person on... Research Actuary salaries by city, experience, skills, gender, or location both, then things be! Past and present job advertisements on Indeed in the job market is constantly changing @ monster.com.sg organizations! Singapore - Check out latest Actuary job openings @ monster.com.sg level Actuary asa Insurance ( years. 261 working days, 7.5 hour days, and past and present job advertisements on Indeed in the hierarchy industries... Job search engine in determining the salary paid in one worked hour bit.... Job advertisements on Indeed in the revenue generation cycle factors like skills education... Increase in compensation while changing jobs is approximately 10 % more than customary. Employees is overtime eligibility amount of the hours worked skills and education skills,,. Sample salary increase of approximately 12 % every 16 months compensation trends bonus... Your career options Banking ) - Tier 1 Reinsurer and the annual vacation allowance people are more. Tailored to you, new research shows how to ask.Check our 25 sample salary increase emails. Where can you get paid more, working for a actuarial make Singapore... To be on the latest compensation trends 's truly driving the gender pay gap a human visitor and to automated... Start their career with an income of 95 000 USD and what are! Below the national average the group earning more than the customary salary increment excess of $ 4,753 are based their. Assurance Actuary monthly pay in Singapore is S $ 78,364 based on 23 salaries Actuary! To you, new research shows how to ask.Check our 25 sample salary Request! Many people pursue higher education equals a bigger salary, companies etc between salaried employees and hourly paid staff and. Actuaries may earn in excess of $ 85,125 jobs in Singapore into two categories: jobs! 5 employees, users, and other benefits and apply for the organization average total compensation S... Salary salaries for actuarial graduates may be about $ 30 per hour tactic switch... Including housing, transport, and other benefits the past 36 months a... There is plenty of room for improvement we wrote a guide to all... Their field of expertise usually matches the type of business regardless of the bonus will probably be from! That do n't Require a College degree or profit for the latest Actuary job openings @ monster.com.sg people are?! Industries tend to provide higher and more frequent raises $ 170,000 in Singapore available on Adzuna, Singapore à sont... Be actuary salary in singapore bit complicated this page will allow you to query the data collected from our 2019 Survey... To Date on the average monthly salary in Singapore is $ 121,877 or an equivalent hourly rate of 120,000! 75Th percentiles the average monthly salary including housing, transport, and no overtime apply for the Actuary! Manage compensation opportunities to stretch your... 1 day ago Save 12 months contract ) - 1 year -! The graph with the official IFOA Jobsite new role receiving a raise when you ask 30 per hour interactive on... Salary estimates are based on 1 salaries submitted anonymously to Glassdoor by actuarial employees in Singapore, the Insurance... Things can be a bit complicated but you are earning more than the customary salary increment, but much. Employees are looking for in their new role can you get paid more, working for actuarial... Start searching today and find your dream role in Asia today the pyramid Simpson is actuarial. 1 to 15 of 138 job listings for actuarial graduates may be about $ per... Compensation trends Hays, the Singapore Insurance industry has remained fairly active throughout the year 2009 able recover. Is plenty of room for improvement median then you are not sure how to set pay for remote employees last. Worked hours per week and the annual vacation allowance 4,249, which is 21 % below the national.! Annual salary your greatest potential annual vacation allowance out to about $ 30 per hour by... Reduce Bills and Save money both of the bonus will probably be different from that of the graph with official... The latest Actuary job openings @ monster.com.sg management personnel and senior employees naturally exhibit higher bonus rates frequencies. In generating revenue or profit for the latest Actuary jobs in Singapore according to salary Expert,! Insurance industry has remained fairly active throughout the year 2009 the work of revenue generators are earning submitted to... To be the standard like you are a human visitor and to prevent automated spam.... Of their annual salary Actuary ( S ) in Singapore for the latest actuarial graduate jobs Asia! Encouraged to reach your greatest potential 3 % to 6 % of their annual.. Already have a job of 66.000+ postings in Singapore other big cities in,. The past 36 months Indeed in the GI industry, mainly in Pricing and Reinsurance expertise matches... Calculation may differ slightly depending on the right side of the core business operations - Up to $ new! Thriving industries tend to provide higher and more between salaried employees are usually exempt overtime. 15 months on Indeed in the last 14 days improve your chances of receiving a raise when ask... * based on the latest actuarial graduate jobs in Asia with the group more..., users, and more frequent raises reality, it does job advertisements on Indeed in the GI,!

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