Actuarial Analyst Salary

For Actuarial Analysts, yearly average wages total $60K annually. Overall cash earnings for Actuarial Analysts vary widely between $50K and $79K; for a few high rollers, the final number can encompass upwards of $7K each from bonuses and profit sharing proceeds. The most important factor affecting compensation for this group is location, followed by career duration and the individual firm. The majority of workers are highly satisfied with their job. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Generally, women make up less than a third of all Actuarial Analysts who answered the questionnnaire. The numbers in this rundown were provided by PayScale's salary survey participants.
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$48,721 - $75,861
(Median)
$49K
$60K
$76K
MEDIAN: $60,463
10%
50%
90%

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$15.79 - $30.42
(Median)
$16
$23
$30
MEDIAN: $22.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$27K$54K$81K
Salary
$48,721 - $75,861  
   
Bonus
$1,007 - $7,007  
Profit Sharing
$970 - $7,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,610 - $79,141  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 691
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18$36$54
Hourly Rate
$15.79 - $30.42  
   
Overtime
$29.23 - $51.68  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$1,007 - $7,007  
   
Profit Sharing
$970 - $7,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,610 - $79,141  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 21
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Job Description for Actuarial Analyst

An actuary analyst uses data to measure risk for a company or organization, such as insurance company or a financial services business. Common functions performed by an actuary analyst include coordinating, preparing, and performing actuarial analyses, which are required by companies when developing new products, projecting future results, repricing existing products, and/or determine financial strength. An actuary analyst is usually expected to work under minimal supervision and must be able to perform moderately complex work assignments and problem resolution.

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Actuarial Analyst Tasks

  • Report and interpret results of data analysis.
  • Review accuracy of data and calculations.
  • Analyze risk evaluation data, using appropriate models and statistical methods, and creating relevant charts and graphs.

Actuarial Analyst Job Listings

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Popular Employer Salaries for Actuarial Analyst


For Actuarial Analysts, comfortable salaries can be found at Liberty Mutual Insurance Group; in fact, median earnings sit around $74K, the highest in the area.

Mercer LLC doles out the lowest salaries in town — median pay is $62K — not to mention workers can only make as much as $76K and scope of pay is rather limited.

Popular Skills for Actuarial Analyst


Actuarial Analysts report using a wide range of professional skills. Most notably, skills in SAS, VBA, Microsoft Access, and Data Analysis are correlated to pay that is above average. Skills that seem to negatively impact pay include R and Statistical Analysis. The majority of those who know Data Analysis also know SAS.

Pay Difference by Location


Home to some of the best pay for Actuarial Analysts, Hartford offers exceptional salaries, 14 percent above the national average. Actuarial Analysts can also look forward to large paychecks in cities like Boston (+11 percent), San Francisco (+11 percent), Los Angeles (+10 percent), and New York (+7 percent). Location is a huge contributor to overall pay, with Actuarial Analysts in Cleveland earning a whopping 25 percent below the national average. Workers in Omaha and Nashville earn salaries that trail the national average for those in this profession (14 percent less and 12 percent less, respectively).

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Experience Affects Actuarial Analyst Salaries

Experienced
up arrow 28%


National Average
$62,000


Skills That Affect Actuarial Analyst Salaries

SAS
up arrow 3%

VBA
up arrow 3%

Microsoft Access
up arrow 1%

Microsoft Excel
0%

Data Analysis
0%

Data Modeling
0%

National Average
$62,000

SQL
up arrow 2%

Statistical Analysis
up arrow 9%

R
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 102 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
27%
1-4 years
59%
5-9 years
11%
10-19 years
2%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 85%
vision benefits Vision: 72% employee benefits None: 7%
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