01-03-2004, 08:40 PM
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Sumaaan, thank you for taking time and comment on the subject.
No offence intended, but I feel that you did not get my argument quite right. My argument about the salaries was totally intact to the starting salaries, which I also think does make sense for comparison purposes.
Your quotations and references are inevitably acceptable, but I think you assumed the case for an experienced actuary, as the proposed article was relating to qualified and experienced professionals. What my comparison was, I said in some instances, Investment Analystâs starting salary could well be higher than a recently qualified actuary. I admit that I did not use the word ârecentlyâ, which I think created misunderstanding, but thatâs what my point related to.
According to the report recently published by the Institute of Actuaries, the starting salary for a recently qualified actuary, averaged over all industries, was just over £41,000 per annum. However, the case that I was referring to, says that I know a person very well, who last year graduated from the LSE and was offered a starting salary of £47,000 per annum for a role in a Mergers & Acquisition team of a top-tier US investment bank. I totally agree that this might well be true for some odd instances, but generally, the starting salaries of analysts for top-tier investment banks in the London are in the region of £36k - £47k. (and these positions only require a BSc and definitely not a MBA or CFA etc). However, for Actuarial trainee with no exemptions, the average starting salary is around £25k, and with BSc Actuarial Science, around £30k.
Secondly, the investment bankers play an imperative role in todayâs economies, so how come they are not classified in âThe Ten Best Jobsâ.
AHSAN
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As I previously quoted, in the Investment Sector, CFA's have an upper hand than Actuaries so you might be correct with the starting salary in the Investment Sector thing...
As far as why Investment Bankers are not classified in the 'ten best jobs', it might be perhaps because Actuaries, Accountants and Financial Analysts are included in the Investment Bankers domain (I just provided the link for backup of my statement)...
I agree fully that BSc related to Investment Sector itself is enough in the UK, but probably not in Pakistan... Realistically speaking, as mentioned by Farhan, if in Pakistan you don't have a Masters degree, you will always be considered inferior to a Masters degree holder even if you've got your bachelors from a reputed foreign university(although having enormous work experience might be a different case).
Sumaaan, thank you for taking time and comment on the subject.
No offence intended, but I feel that you did not get my argument quite right. My argument about the salaries was totally intact to the starting salaries, which I also think does make sense for comparison purposes.
Your quotations and references are inevitably acceptable, but I think you assumed the case for an experienced actuary, as the proposed article was relating to qualified and experienced professionals. What my comparison was, I said in some instances, Investment Analystâs starting salary could well be higher than a recently qualified actuary. I admit that I did not use the word ârecentlyâ, which I think created misunderstanding, but thatâs what my point related to.
According to the report recently published by the Institute of Actuaries, the starting salary for a recently qualified actuary, averaged over all industries, was just over £41,000 per annum. However, the case that I was referring to, says that I know a person very well, who last year graduated from the LSE and was offered a starting salary of £47,000 per annum for a role in a Mergers & Acquisition team of a top-tier US investment bank. I totally agree that this might well be true for some odd instances, but generally, the starting salaries of analysts for top-tier investment banks in the London are in the region of £36k - £47k. (and these positions only require a BSc and definitely not a MBA or CFA etc). However, for Actuarial trainee with no exemptions, the average starting salary is around £25k, and with BSc Actuarial Science, around £30k.
Secondly, the investment bankers play an imperative role in todayâs economies, so how come they are not classified in âThe Ten Best Jobsâ.
AHSAN
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
As I previously quoted, in the Investment Sector, CFA's have an upper hand than Actuaries so you might be correct with the starting salary in the Investment Sector thing...
As far as why Investment Bankers are not classified in the 'ten best jobs', it might be perhaps because Actuaries, Accountants and Financial Analysts are included in the Investment Bankers domain (I just provided the link for backup of my statement)...
I agree fully that BSc related to Investment Sector itself is enough in the UK, but probably not in Pakistan... Realistically speaking, as mentioned by Farhan, if in Pakistan you don't have a Masters degree, you will always be considered inferior to a Masters degree holder even if you've got your bachelors from a reputed foreign university(although having enormous work experience might be a different case).
