Table of Contents
Can an Indian actuary work in Australia?
Unless you have not cleared all exams or nearly qualified you wont get jobs abroad. Problem is not India specific. Companies like US,Singapore and UK do not have work visa system like in Australia. Companies need to give work VISA to immigrants.
Can an Indian actuary work in us?
No, you need US Society fellowship to practice in US. Indian society and US society do not have mutual recognition agreement for all the subjects.
Are actuaries in demand in the UK?
Global demand for the services of UK-based actuaries is on the rise thanks to major regulatory change such as Solvency II and Basel II, consultants OAC have claimed. OAC said the number of actuaries working in ERM in the UK grew by 284\% in the past year as more firms moved towards compliance.
How many papers do I need to clear to become an actuary?
Actuarial Science is a job in which getting over qualified is a common phenomenon. You should apply for a job after clearing at most 5 papers. If you even clear 6th paper without the job then you will be termed as overqualified and you would not be able to find a job. How much salary will an actuary earn after clearing 6-7 papers in India?
What is the scope of actuarial science in India?
In actuarial science you not only work in company but after clearing all exams you can have a part time job to other companies and firms because today there is a need of actuaries in India.
Is actuarial science a good career option for a fresher?
Yes, it does pays to some nice money but a actuarial job to freshers gives hardly 4–5 lpa package. As you clear higher papers and gain experience your pay will increase gradually. Even if you clear 14 out of 15 paper (passing 15 papers gets you a fellowship) you salary will be 15–20 lpa.
How much do you get paid if you clear all papers?
No matter how many papers you have, you will always start at the entry level in a company, with the range of pay being 3.5 to 4.5l p.a. Mostly all companies give you hikes when you clear any papers, so you can take advantage of that.