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What earns more an actuary or a doctor?

sorry about the **** thread but my friend thinks doctors and dentists earn more where i believe that actuarys earn more. can anyone confirm who earns more?

Reply 1

Dr Doom

films stars earn more

Reply 2

*Ridwan*

1

Doctors earn max 60-80K

A Qualified, Experienced Actuary can get 100K plus :biggrin:

Reply 3

CityMonkey

11

Doctors aren't max 60-80k. The average GP earns £100k+, let alone a doctor.

Reply 4

brabzzz

14

If my (private) dentist is on 60-80k, he must only work one afternoon a week or something. 60-80K? Phhhaaa. B*****ks.

edit: experienced qualified 'professional' anything earns a lot of money. Might as well pick something you enjoy (and i wouldn't say a doctor nor an actuary top the tables of 'easy/fun' jobs - VD and calculus. Woohoo).

Reply 5

Dr Doom

rockstars earn alot aswell

Reply 6

Inflation

19

rizzyh

Doctors earn max 60-80K

Maybe in Bdesh but not in UK :biggrin:

Reply 7

Elles

17

LBC213

Doctors aren't max 60-80k. The average GP earns £100k+, let alone a doctor.

The GPs i consult are fully qualified doctors too - just because they don't work in a hospital, pff... :rolleyes:

http://www.nhscareers.nhs.uk/nhs-knowledge_base/data/5340.html - fairly simple explanation of basic salary scales / banding / extras when working in the public sector. Privately, who knows...

Reply 8

Singh_87

15

If you can make it, an Actuary can make a ton of money. However, when speaking about average doctors and actuaries, I believe the scales of pay are pretty similar.

Reply 9

brabzzz

14

After a certain point, both proffessions can jump of the 'lockstep' advancement and can either make a killing or keep on earning the paysale determined amount. Beyond X years postqualification, it's a crapshoot.

You'll be comfortabe doing either (though probably single as an actuary, with a particularly strong right forearm) but the upper bound of the remuneration is impossible to determine.

Reply 10

supernova2

11

It really depends on who and where you are I think, a lot like many jobs. Both can earn 100's of thousands in many cases, some probably even more.

The only thing is that a doctor takes a lot longer to qualify so youd probably be on a decent wage by the time they have finished their full training.

Reply 11

Singh_87

15

supernova2

It really depends on who and where you are I think, a lot like many jobs. Both can earn 100's of thousands in many cases, some probably even more.

The only thing is that a doctor takes a lot longer to qualify so youd probably be on a decent wage by the time they have finished their full training.

And you assume you can become a qualified actuary overnight? To be honest, Im not too sure how long it takes to actually become a full qualified GP, but I can assure you in some cases it can take the best part of a decade to become a qualified actuary.

Reply 12

Noobish

Hmm let me see. I would say actuary in the short-term (head to start) and long-term

To become an Actuary just get a good degree (Maths? Engineering?) from a prestigious Uni. Then your straight into employment and after registration = your done. And some experience as an actuary after that, and your in the 100k salaries.

A doctor takes much longer to graduate (5, 6yrs anyone?). When the doctor graduates he cant even practice so he has to do the pre-registration years to become a qualified doctor. 9yrs minimum before a doctor even starts to earn anything above 50k and by that time you would be in your early 30s.

So your friend is wrong.

Reply 13

The-Wrestling-Fanatic

OP

ok...

anyway i see there is 3 schools to do acturial science at...LSE City and Kent.

i like maths way better than my other 2 subjects i do ...chemistry and biology. so acturial science would be good for me or is it better i do a maths degree?
i hear acturial science is the quickest way of becoming an actuary.

Also is kent a good place to do acturial science...it asks for ABB whereas LSE and city ask for AAA. incase i dont get 3 A's should i apply to other more respected UNIS to do maths aswell as applying to LSE and City for acturial science but leave out kent?

Reply 14

sugardaddy

1

You can very well apply for Actuarial at some places and Maths at others, but the success of this depends on how you incorporate this in your personal statement. A friend of mine got an offer for Actuarial at CASS, however rejected by LSE, an offer for Maths+Stats at UCL, however rejected by Imperial. So it is possible, but I'm sure his rejections had nothing to do with grades (more to do with a passion for a chosen discipline).

I think a degree in Actuarial Science will exempt you from some of the later exams to become qualified (some people like Singh will know more about that). However, in my opinion, if you are fully capable and willing to do pure maths, I would do that. You cannot go wrong - far more respected it is and will keep more doors open. Unless of course you are 100% set on becoming an actuary (from reading some of your previous posts I don’t think you are).

Reply 15

Singh_87

15

Thanks sugardaddy :biggrin:

Yea, if you do Actuarial Science at CASS or Kent, you get exemptions from all 8 core Actuarial exams, provided you take the right modules. Im not too sure about LSE, as I didn't apply there.
Then apart from these, you have to do 5 technical exams aswell, which are specialised in the area you wish to work in. Some people like the Noobish guy, who posted above, think it's very easy to become a fully qualified Actuary, but it's actually far from it. I cant remember the exact statistic, but an appaling number of people who start the Actuarial exams actually complete them. Whether this is due to the difficulty of exams, or whether they just give up after a while, not sure, but it still is a surprisingly low number.
Your question about Maths or Actuarial Science. Well, if like sugardaddy says, you're not too keen on becoming an Actuary at the moment, then I woudln't spend 3 years at university studying it. A Maths degree may be more suited, and will definitly not hinder your chances in chosing another professional discipline. Having said this, if tommorrow you wake up and your sudden heart-burning desire is to become an Actuary, I wouldn't think twice and fill up your UCAS application with a combination of LSE, City and Kent.