An Actuarial Analyst earns an average salary of $61,544 per year. For the first five to ten years in this position, pay increases steeply, but any additional experience does not have a big effect on pay. Most people with this job move on to other positions after 10 years in this field.
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$49,972 - $77,573
$50K
$62K
$78K
MEDIAN: $61,543
10%
50%
90%

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$15.10 - $33.88
$15
$26
$34
MEDIAN: $25.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$49,972 - $77,573  
   
Bonus
$1,474 - $7,453  
Profit Sharing
$970 - $7,136  
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).
)
$50,677 - $79,791  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 585
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$19$38$57
Hourly Rate
$15.10 - $33.88  
   
Overtime
$38.04 - $56.07  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$1,474 - $7,453  
   
Profit Sharing
$970 - $7,136  
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).
)
$50,677 - $79,791  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 10

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United States (change)

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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

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

Common Career Paths for Actuarial Analyst


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Actuarial Analyst Job Listings

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Popular Employer Salaries for Actuarial Analyst

Popular Skills for Actuarial Analyst

Pay Difference by Location

National Average: $62,919

Larger city markers indicate a job is popular in that location.

Actuarial Analyst Reviews

Q: What is it like working as an Actuarial Analyst?

Actuarial Analyst in New York:
"Fast career progression, intellectually stimulating."
Pros: I like having to use "actuarial judgment" to make decisions when there is no right answer, using limited data. I have to forecast future losses for large companies buying insurance, and it's impossible to be 100% certain that you're getting the right answer. I'm making real decisions that have an impact very early on in my career. I also like getting to work with non-actuaries and other departments. My salary has gone up around 50% in my first couple of years as an actuarial analyst, and my job responsibilities have increased too.
Cons: There is not always a lot of geographic flexibility - many jobs are concentrated in a few large cities, and often they are at insurance companies' headquarters. Sometimes the job might require a lot of updating spreadsheets and data cleansing, which can be boring and monotonous. Staying at one company, rather than switching companies, can hinder your career growth. Companies are more likely to pay more for external hires rather than promote within.

Related Job Salaries

Key Stats for Actuarial Analyst

Gender

Female
35 %
Male
65 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.
Less than 1 year
28%
1-4 years
61%
5-9 years
8%
10-19 years
2%
20 years or more
1%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Actuarial Analyst Salaries


Experienced
up arrow 19%

National Average
$63,000


Skills That Affect Actuarial Analyst Salaries

Statistical Analysis
up arrow 10%

SAS
up arrow 6%

VBA
up arrow 3%


R
up arrow 2%

SQL
up arrow 1%

Microsoft Excel
0%

Data Analysis
0%

National Average
$63,000

Microsoft Access
up arrow 1%

Project Management
up arrow 1%

Financial Analysis
up arrow 5%

Oral / Verbal Communication
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
28%
1-4 years
61%
5-9 years
8%
10-19 years
2%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 82%
vision benefits
Vision: 71%
dental benefits
None: 6%
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