For a P&C actuarial analyst just starting out on his career, what is?
Theres no such thing as a hard cap on actuarial salaries. Your income is going to be affected by a lot of things, not just Fellowship. Years of experience. Industry (primary insurance, reinsurance, consulting, broking, etc.) And dont forget that a lot of us move from purely actuarial work into underwriting and various financial roles. But you might want to look at these two salary surveys (note they reflect total income, not just salary). Comp levels do vary depending on where you are located (not just the city but the country). And at the upper end of these scales income is heavily bonus driven. 2017 Actuarial Salary Survey by DW Simpson Ezra Penland Actuarial Recruitment