If you can survive the grilling tests, there is a payoff - the median annual salary for an actuary is handsome. Actuaries are globally in demand and can command hefty pay packets, salaries and perks. No wonder then that this profession has been rated among the best jobs in the US. In India the trend is slowly picking up. Stipend for an actuarial trainee per month in India is around Rs 25,000 per month. Insurance companies and consulting firms give merit to experience and qualifications with salary packets ranging from 8 lacs per annum for beginners to around 40 lacs per annum for those in senior positions. In UK a qualified actuary can earn 20 lacs per annum.