Actuarial Analyst Salary (United States)

More than three-quarters of Actuarial Analysts are relatively junior in their careers, reporting less than five years' experience and an average income of $61,082 annually. Pay generally spreads from $48,387 to $80,079 per year. Cash earnings—including $7,389 in bonuses and $7,179 profit sharing proceeds near the top of the pay scale—generally stretch from $48,246 to $74,786 depending on individual performance. Earnings for this group are mostly affected by geographic location, followed by years of experience and the individual firm. Benefits are common in this line of work, with the vast majority reporting medical and dental coverage and most collecting vision insurance. Male Actuarial Analysts are far more common in the field than their female counterparts, who typically comprise less than one-third of the field. The majority of Actuarial Analysts claim high levels of job satisfaction. This outline is derived from replies to PayScale's 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%
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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
$48,246 - $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 offers the largest salaries in town—$74,160 on average. 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

Actuarial Analysts report using a wide range 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. It is often found that people who know Data Analysis are also skilled in 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, Hartford provides a pay rate that is 17 percent greater than 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). Location is a huge contributor to overall pay, with Actuarial Analysts in Cleveland earning a whopping 24 percent below the national average. 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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