Actuarial Analyst Salary

Actuarial Analysts in the United States can expect to earn an average of $60K per year. Overall cash earnings of Actuarial Analysts stretch from $50K near the bottom to $79K at the top, and the heftiest packages can encompass around $7K each from bonuses and profit sharing. Geography is the biggest factor affecting pay for this group, followed by career duration and the particular employer. Male Actuarial Analysts are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to almost all, and a large number earn dental coverage. This report is based on answers to PayScale's salary questionnaire.
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$48,787 - $75,287

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$15.84 - $30.31

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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
$48,787 - $75,287  
   
Bonus
$1,006 - $6,908  
Profit Sharing
$967 - $7,047  
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).
)
$49,655 - $78,587  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 696
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$18$36$54
Hourly Rate
$15.84 - $30.31  
   
Overtime
$29.23 - $51.68  
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
$1,006 - $6,908  
   
Profit Sharing
$967 - $7,047  
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).
)
$49,655 - $78,587  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 22
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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


Liberty Mutual Insurance Group offers the highest compensation with a median salary of $74K.

With a median salary of $62K, Mercer LLC provides Actuarial Analysts with the lowest pay in their field; moreover, earnings are capped at only $75K, limiting employee salary growth.

Popular Skills for Actuarial Analyst


Actuarial Analysts report using a pretty varied skill set on the job. Most notably, skills in SAS, VBA, Microsoft Access, and Data Analysis are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include R and Statistical Analysis. Those proficient in Data Analysis are, more often than not, also skilled in SAS.

Pay Difference by Location


For those looking to make money, Actuarial Analysts in Hartford enjoy an exceptional pay rate, 14 percent above the national average. Actuarial Analysts will also find cushy salaries in San Francisco (+12 percent), Boston (+12 percent), Los Angeles (+10 percent), and New York (+6 percent). Falling short of the national average by 20 percent, the area with the worst salaries is Cleveland. Employers also pay below the national average in Montpelier (17 percent lower) and Omaha (14 percent lower).

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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 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 98 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
27%
1-4 years
60%
5-9 years
10%
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: 6%
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