Guest CAadmin Posted April 20, 2006 Posted April 20, 2006 Hi! I'm working for a small Pension Company and would like to know what the average pay is? I have 4-5 years of experience. I just completed PA-1, Pa-2 and will be taking PA-3 this month. I plan to get my QKA designation so I'll be taking DC-1 and DC-2 as well. I'm having second thoughts about staying in this field because of the pay and feel that there is no room for advancement. Does anyone feel the same way? Any suggestions or feedback would be appreciated.
WDIK Posted April 20, 2006 Posted April 20, 2006 I don't know what response you'll receive from other board members on such a subject, but you may be able to find the information you are looking for from some other sources. www.PayScale.com www.Monster.com www.hotjobs.com ...but then again, What Do I Know?
Guest CAadmin Posted April 20, 2006 Posted April 20, 2006 I don't know what response you'll receive from other board members on such a subject, but you may be able to find the information you are looking for from some other sources.www.PayScale.com www.Monster.com www.hotjobs.com Thank you for your response and I'll check out those sites.
JanetM Posted April 20, 2006 Posted April 20, 2006 Be cognizant of the fact that not all job titles are the same job. Look at the underlying duties and such before you apply the data to your own situation. JanetM CPA, MBA
david rigby Posted April 20, 2006 Posted April 20, 2006 Never underestimate the value of our intrepid webmaster: http://benefitslink.com/jobs/by_date.stm These postings may not contain salary, but it may take you to links where that information is available. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Tom Poje Posted April 21, 2006 Posted April 21, 2006 other factors: your login name implies California. I would imagine the cost of living is a lot more there. therefore, how do you compare salaries? as to no room for advancement, well.... passing a few tests did get me the initials after the name. being in the right place at the right time has led to speaking possibilities, articles, etc. was it worth it financially? probably not with the deadlines I have to meet sometimes, but I do at least like those extra things I have been involved in. And someday I will move back a little farther north so I can enjoy tulips, daffodils, cherry trees, etc, and all this extra stuff I have done should make it easier to find a job for a nut case like myself.
Guest PhxSunDevil Posted January 31, 2010 Posted January 31, 2010 Hi! I'm working for a small Pension Company and would like to know what the average pay is? I have 4-5 years of experience. I just completed PA-1, Pa-2 and will be taking PA-3 this month. I plan to get my QKA designation so I'll be taking DC-1 and DC-2 as well. I'm having second thoughts about staying in this field because of the pay and feel that there is no room for advancement. Does anyone feel the same way? Any suggestions or feedback would be appreciated. CAadmin I face the same problems and issues. I have also completed PA-1 and PA-2 but have yet to proceed in additional testing. I have had second thoughts about staying in the filed due to the lack of potential growth in the industry and pay. I have worked for Both Charles Schwab and now a small Pension Company in holding over 200 plans. After having our safe harbor match taken away this year, I have started looking for other employment. Lucky I still in my mid 20's but in all honesty I cannot see must advancement in the field. I know of people who have worked in the industry for 15 plus years and don’t see a salary of over 60k. Have you looked into getting your Series 6 or 7? I know there are many opportunities and doors that will open with those Certs. Hope that helps Jay
Spencer Posted February 9, 2010 Posted February 9, 2010 In addiition to checking out the salary sites, you may want to talk to a couple of recruiters who specialize in employee benefits administration. For me, obtaining my QKA designation significantly increased my value in the local market.
K2retire Posted February 10, 2010 Posted February 10, 2010 Even within the same geographic area, the pay can vary dramatically. Part of it will be your qualifications and experience, and part of it will relate to working expectations. I left a job that required working 6 days a week for 8-9 months of the year in favor of one that promised a 40 hour work week most of the year. That cost me about $18,000 a year in salary. Most days I think it was well worth it.
Tom Poje Posted February 10, 2010 Posted February 10, 2010 which is summed up well by the line from The Lord of the Rings All that is gold does not glitter, Not all those who wander are lost;
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