“They must pass 10 exams plus other coursework and requirements.”
Egads! TEN exams? Makes you wonder why there are any actuaries. They must be making $250,000 per year or more to endure with that credentialing system.
Salaries for actuaries go into 6 figures. The people who evaluate risks where huge amounts of money are at stake I would expect to be making considerably more than regular insurance actuaries.
https://www.beanactuary.org/why-actuarial-science/salary/