Accepting an offer
Hi all, I just got an offer for an entry-level actuarial role and would love some advice.
I’m a career switcher with 2 exams passed, so this would be a pay cut from my current job, but I’m willing to take it for the long-term career growth. The offer is $88k + 10% target bonus.
I passed FM in August and would start in September. They told me that even though my official FM result comes out in October, I won’t receive the FM salary increase because I took the exam before starting.
My bigger concern is that they’ve been very vague about the future exam salary increases, first-time pass bonuses, and current paid time off. They haven’t given me specific amounts or a compensation schedule.
Is this normal for actuarial programs? Should I ask them to provide the exam raise structure in writing before I sign? I don’t necessarily expect it to be in the offer letter, but I feel like I should know what the compensation progression and paid study time looks like before accepting.