Actuary III Salary in China

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How much does an Actuary III make in China? The average Actuary III salary in China is ¥211,020 as of April 16, 2021, but the range typically falls between ¥82,720 and ¥295,281. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.

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Global Market Data
50TH(Median) ¥211,020 25TH ¥82,720 75TH ¥295,281

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Skills to Boost an Actuary III Salary

Mastering key skills can significantly increase your earning potential as an Actuary III. According to Salary.com's Real-time Job Posting Data, expertise in Analysis can lead to a 9% salary raise, while strong SQL skills boost pay by a 2%. Even Collective Bargaining can result in a 1% salary increase.

Skill Library evaluates talent skills across five levels, supported by 5-10 behavior indicators, delivering precise insights for data-driven hiring decisions.
Analysis
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
SQL
Structured Query Language) is a domain-specific language used in programming and designed for managing data held in a relational database management system (RDBMS), or for stream processing in a relational data stream management system (RDSMS).
Collective Bargaining
Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs. The union may negotiate with a single employer (who is typically representing a company's shareholders) or may negotiate with a group of businesses, depending on the country, to reach an industry-wide agreement. A collective agreement functions as a labour contract between an employer and one or more unions. Collective bargaining consists of the process of negotiation between representatives of a union and employers (generally represented by management, or, in some countries such as Austria, Sweden and the Netherlands, by an employers' organization) in respect of the terms and conditions of employment of employees, such as wages, hours of work, working conditions, grievance procedures, and about the rights and responsibilities of trade unions. The parties often refer to the result of the negotiation as a collective bargaining agreement (CBA) or as a collective employment agreement (CEA).
More Skills...
Based on recent job listings, in-demand skills in the Actuary III field include Analysis (9%), SQL (2%), and Collective Bargaining (1%). These skills reflect current market needs.
Skills Salary Demand
Skill & Salary Demand
Analysis ¥230,012
Analysis
¥230,012
9%
SQL ¥215,241
SQL
¥215,241
2%
Collective Bargaining ¥213,131
Collective Bargaining
¥213,131
1%
Analysis
6.83%
SQL
0.68%
Collective Bargaining
6.84%
Job Openings for Actuary III
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About China

China's landscape is vast and diverse, ranging from the Gobi and Taklamakan Deserts in the arid north to the subtropical forests in the wetter south. The Himalaya, Karakoram, Pamir and Tian Shan mountain ranges separate China from much of South and Central Asia. The Yangtze and Yellow Rivers, the third- and sixth-longest in the world, respectively, run from the Tibetan Plateau to the densely populated eastern seaboard. China's coastline along the Pacific Ocean is 14,500 kilometers (9,000 mi) long and is bounded by the Bohai, Yellow, East China and South China seas. China connects through the K...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia

Actuary III Pay Difference by Cities

City, Country Compared to national average
City, Country Shanghai, CN Compared to national average
+ 18.3%
City, Country Beijing, CN Compared to national average
+ 18.8%
City, Country Suzhou, CN Compared to national average
+ 2.1%
City, Country Guangzhou, CN Compared to national average
+ 13.9%
Employees with Actuary III in their job title in Beijing, CN earn an average of 18.8% more than the national average.

Understand the base salary paid range for an Actuary III in China

Average Base Salary

Core compensation

82720
295281
211020
The chart shows the base salary for Actuary III ranges from ¥82,720 to ¥295,281 with the average base salary of ¥211,020. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Actuary III may get paid difference by industry, location, and factors.

Actuary III Frequently Asked Questions in China

What is the salary range for an Actuary III in China? What is the average hourly rate?

The average salary for an Actuary III in China is ¥211,020 per year. The salary range for an Actuary III is between ¥82,720 and ¥295,281. While we are seeing hourly wages as high as ¥142 and as low as ¥40, the majority of Actuary IIIs are currently paid an average of ¥101 in China. The average salary pay range for an Actuary III can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for an Actuary III in China can differ based on any or all of these varying factors. April 16, 2021 salary.com )
Why should you negotiate salary for an Actuary III role? What are effective negotiation strategies?

Most hiring managers in China expect job candidates to negotiate salary. By doing this you will demonstrate that you are confident in your abilities and comfortable taking initiative which are traits that are beneficial for almost any role. You should try to negotiate the highest starting salary of the Actuary III position that you can in China. This starting salary of the Actuary III position will become the basis for all future increases while you are employed at the firm. A lower starting salary will result in smaller raises, even if the % increase is large, so try to maximize that starting base salary amount.
Once you have received an offer of the Actuary III position in China, ask for a little time to consider it. Research salary levels for the position so you will know what range of salary is applicable for your job and location. Emphasize any special skills, experience, certifications, or credentials that you have. Point out past accomplishments that will be useful in the role. Suggest a salary that is slightly higher than your target, this will give you room to negotiate a lower amount but still meet your needs. April 16, 2021 salary.com )
How do you evaluate the advantages, opportunities, and salary for an Actuary III role located in large metropolitan city or in a small town?

Start your evaluation by defining the most important aspects of the job and the overall lifestyle you can expect based on the location. The higher salary range of an Actuary III in the China can be one of the reasons you are attracted to a position in a large city, but keep in mind that differences in the cost of living usually result in higher living expenses and less disposable income. an Actuary III job in a large city of the China may offer a more varied experience, and greater opportunities for career progression, but may require long commutes or extended work hours. A large city in the China also provides more opportunities for entertainment and other activities. On the other hand, a non-metro location may offer lower salaries and fewer opportunities but have more affordable living expenses, shorter commute times, and other advantages. Consider these factors before you decide which Actuary III job is right for you. April 16, 2021 salary.com )
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap
Last Update: April 16, 2021