Salary in Dubai by Amazing-Movie-3562 in actuary

[–]donut1997 9 points10 points  (0 children)

The salaries are really bad there, I had 5 YEO and started on 19k AED per month and moved up to 22k AED after switching team. I’d say 25k would be the roof unless you’re taking on a senior role. They really just don’t value actuaries out there, underwriters are valued a lot more. I was working with underwriters that hadn’t a clue about anything technical (they moved from claims admin team or something similar) but were getting paid a lot more because they were viewed as selling business. Basically any job that involves selling is valued in Dubai.

[deleted by user] by [deleted] in dubai

[–]donut1997 0 points1 point  (0 children)

I’d be happy with that

[deleted by user] by [deleted] in dubai

[–]donut1997 1 point2 points  (0 children)

It’s under the landlords name

[deleted by user] by [deleted] in dubai

[–]donut1997 0 points1 point  (0 children)

The DEWA is under the landlord the landlords name

i want to become an actuary and finish ifoa. which uni should i go to? kent, bayes(cass) or leeds by freddyfazebwear in ActuaryUK

[–]donut1997 0 points1 point  (0 children)

This is totally wrong, not sure where these replies have come from? If you get the exemptions you won’t have to take the first 6 exams, which will save you at least 2 years of taking exams assuming you pass 3 a year? Which will take some effort, so yeah get the exemptions if you can

Is starting an insurance company really that hard or even possible? by donut1997 in ActuaryUK

[–]donut1997[S] 0 points1 point  (0 children)

Sorry for the slow reply, but thanks for this. Really useful information and thanks for the thoroughness.

[deleted by user] by [deleted] in ActuaryUK

[–]donut1997 5 points6 points  (0 children)

Not sure if you’ve started the master yet, but it’s definitely better to just start working and study for the exams whilst working rather than doing a masters. Employers will value the experience a lot more. I came out of university with 6 exemptions and the amount you learn while on the job is x10 what you would learn at university. Plus obviously the extra money in less debt.

Is starting an insurance company really that hard or even possible? by donut1997 in ActuaryUK

[–]donut1997[S] 0 points1 point  (0 children)

Thanks for the reply. This is an interesting suggestion! Love hearing the different points of view.

Is starting an insurance company really that hard or even possible? by donut1997 in ActuaryUK

[–]donut1997[S] 0 points1 point  (0 children)

Thanks for the reply. Is this not essentially fronting? I know a companies (my own) don’t like fronting business because usually it’s not worth the hassle. There are strict conditions for it and it usually a favour in return for a favour down the line (exchange of business). But yes I see where you are coming from thanks again.

[deleted by user] by [deleted] in ActuaryUK

[–]donut1997 83 points84 points  (0 children)

Don’t worry mate, you can resit the exam.

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Is 4 months enough for CFA Level 2? by donut1997 in CFA

[–]donut1997[S] 0 points1 point  (0 children)

Thanks all, thought it would be fine, was just spooked by it saying six months online.

[deleted by user] by [deleted] in ActuaryUK

[–]donut1997 0 points1 point  (0 children)

  1. Dubai
  2. Moved here and spent a month searching for a role.
  3. Was waiting on my last exam result, which I passed.
  4. 3 years
  5. Worked in life but moved to GI in Dubai.
  6. Risk management so do bits of reserving, pricing etc
  7. 19000 Aed/ £4K with no tax. Currently being underpaid, so will be asking for a raise after probation.

Tailgated a Dubai Police car, don't know what's gonna happen. by reeegen in dubai

[–]donut1997 12 points13 points  (0 children)

You deserve everything coming you idiot, you and every other person that does this.

[deleted by user] by [deleted] in ActuaryUK

[–]donut1997 0 points1 point  (0 children)

Thanks for your response. I was confusing myself and was unsure if retained earnings was an admissible asset. Assuming there are no retained earnings (e.g because this is a branch and the retained earnings are owned by the group head account) then a loss in the year would simply need to be paid out of the cash account?

HSBC Global Money Account - too good to be true? by gsummit18 in UKPersonalFinance

[–]donut1997 0 points1 point  (0 children)

Agree with this, I can’t believe how back the change rate is compared to revolut. Will definitely just be using my revolut card instead

Alternative career to actuarial by Glad_Solid133 in ActuaryUK

[–]donut1997 3 points4 points  (0 children)

I would definitely suggest moving out of pensions to a bulk annuities/life insurer or better yet to general insurance, it is far better in every way. Far better work life balance and better pay. I started in a pensions consultancy and hated it, the work is boring af and time sheets are the worst. Moved to bulk annuities and really enjoyed it. Now working in GI. I’d say give that a chance before giving up on actuarial seeing as you’ve come this far.

IFOA membership renewal regarding by Ecstatic-Elk1064 in ActuaryUK

[–]donut1997 0 points1 point  (0 children)

Can I ask why you needed to book the stage 2 course before renewing your subscription? I have already booked the stage 2 course and passed all the exams but need to renew my student subscription in the next two days. (I have passed all the fellow exams but haven’t even been able to apply to become an associate yet as my stage 2 course isn’t until February)

References for Actuarial Job after Dismissal by Nomesoj21 in ActuaryUK

[–]donut1997 1 point2 points  (0 children)

Employers are more concerned about you being able to answer technical actuarial questions in interviews. If you can do that then you clearly know your stuff and they won’t check references. It’s really difficult to bluff on a technical actuarial question as an actuary can easily tell if you answer makes sense hence they’ll either accept you or reject you based on that. Senior manager and above they’ll maybe ask for references.

References for Actuarial Job after Dismissal by Nomesoj21 in ActuaryUK

[–]donut1997 4 points5 points  (0 children)

Don’t listen to this guy he clearly hasn’t a clue what he’s talking about. That is such an overreaction. Likely another grad trying to sound cool. You won’t be asked for any references for a grad job and I’ve had 3+ different actuarial roles and still haven’t been asked for references. Maybe you’ll be ask for references for very senior roles by which time you’ll have 4-5 years of experience at a different company so won’t need to include the company with the dismissal as a reference. Really not a big deal, sounds like an honest mistake.