The results of a survey were recently published. The survey was about the starting salaries of HK fresh graduates in 2004. To my surprise, the average starting salary had risen to about $11,000 per month. But what really disturbed me was the highest salary of a fresh graduate in an investment bank could reach $49,000 per month! I can't believe it!
Last evening I had a drink with 硬漢. He told me a fresh graduate passing the actuaries's exam might reach $90,000! He was not the first one to tell me about this. My uncle had also told me the same thing about 2 years ago. I don't understand. I have also studied Actuarial Science in university. Not very interesting and not particularly difficult (it is not Rocket Science). According to market forces, if an actuary can earn so much money, people will rush to study to become an actuary. Given there is no entry barriers, the remuneration in such a profession will be driven down by the invisible hand of supply and demand. So, I see no reason why an acturary without experience can earn so much money (unless he is the son of a tycoon and he works for his family business).
# posted by Birdie @ 3:26 PM
