Actuarial Analyst Salary (United States)

A relatively unseasoned group of workers, over four-fifths of Actuarial Analysts report fewer than five years on the job; the group as a whole earns roughly $61,082 annually on average. The range in pay spans from $48,387 to $80,079 per year. Location is the main element affecting pay for this group—career length and the individual firm are driving factors as well. Almost all employees enjoy medical while a solid majority get dental coverage in this occupation. Vision coverage is also available to most. Making up 71 percent of the field, male Actuarial Analysts greatly outnumber their female counterparts. Work is enjoyable for Actuarial Analysts, who typically claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
Actuarial Analyst Salary (?
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.
)
$48,246 - $74,786
(Median)
48K
59K
67K
75K
MEDIAN: $59,453
10%
50%
75%
90%
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Actuarial Analyst Salary (?
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.
)
$15.62 - $30.20
(Median)
16
20
26
30
MEDIAN: $20
10%
50%
75%
90%
Add this chart to your site: 640px    300px

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
$48,246 - $74,786  
   
Bonus
$995 - $7,389  
Profit Sharing
$964 - $7,179  
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).
)
$48,387 - $80,079  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 591
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$17$34$51
Hourly Rate
$15.62 - $30.20  
   
Overtime
$22.85 - $50.95  
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
$995 - $7,389  
   
Profit Sharing
$964 - $7,179  
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).
)
$48,387 - $80,079  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 18
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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.
Read More...
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

Liberty Mutual Insurance Group attracts talent by shelling out the biggest paychecks in the area—the median in that office is $74,160. The lowest salaries can be found at Towers Watson—median pay is $63,976—and there is little variability in compensation, with paychecks starting at $56K and only reaching $77K.

Popular Skills for Actuarial Analyst

Survey results suggest that Actuarial Analysts use a fairly large toolkit of professional skills. Most notably, skills in VBA, SAS, SQL, and Microsoft Excel are correlated to pay that is above average, with boosts of 5 percent, 4 percent, 4 percent, and 4 percent, respectively. For most people, competency in Data Analysis indicates knowledge of SAS.

Pay Difference By Location

Hartford
up arrow 17%
up arrow 13%
San Francisco
up arrow 10%
Los Angeles
up arrow 10%
up arrow 6%
Seattle
up arrow 6%
Philadelphia
up arrow 3%
Atlanta
up arrow 1%
National Average
$61,000
Minneapolis
up arrow 3%
Columbus
up arrow 3%
Dallas
up arrow 6%
Louisville
up arrow 11%
Omaha
up arrow 13%
Cleveland
up arrow 24%
Larger circles over a city indicate a job is popular in that location.
For Actuarial Analysts, busy Hartford offers a higher-than-average pay rate, 17 percent above the national average. Those in search of high salaries should also consider checking out cities like Boston, Los Angeles, San Francisco, and New York, top-paying markets where Actuarial Analysts rake in more than the national norm (+13 percent, +10 percent, +10 percent, and +8 percent). Actuarial Analysts in Cleveland earn salaries far below the national average by 24 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Two other places where employers offer below-median salaries are Omaha (-13 percent) and Louisville (-11 percent).

Related Job Salaries

Experience Affects Actuarial Analyst Salaries

Experienced
up arrow 19%
National Average
$61,000

Skills That Affect Actuarial Analyst Salaries

VBA
up arrow 5%
SAS
up arrow 4%
SQL
up arrow 4%
Microsoft Excel
up arrow 2%
Microsoft Access
up arrow 2%
Data Analysis
up arrow 1%
National Average
$61,000

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 106 votes.

Gender

Female
29%
female alumni
 
Male
71%
male alumni

Years of Experience

Less than 1 year
24%
1-4 years
59%
5-9 years
13%
10-19 years
3%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 85%
vision benefits Vision: 71% employee benefits None: 7%
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