Actuarial Analyst Salary

Median pay for Actuarial Analysts in the United States is around $60K per year. Total cash compensation to Actuarial Analysts ranges from $50K on the lower end to $79K on the higher end; the final number includes potential for approximately $7K each from bonuses and profit sharing in exceptional cases. While experience level and the particular employer impact pay for this group, geographic location is the most influential factor. Medical benefits are awarded to almost all, and a large number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. Generally, women make up less than a third of all Actuarial Analysts who answered the questionnnaire. This report is based on responses to the PayScale salary survey.
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$48,758 - $75,771
(Median)
$49K
$60K
$76K
MEDIAN: $60,482
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
$48,758 - $75,771  
   
Bonus
$1,006 - $7,017  
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).
)
$49,623 - $79,099  
Country: United States | Currency: USD | Updated: 2 Jul 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
$1,006 - $7,017  
   
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).
)
$49,623 - $79,099  
Country: United States | Currency: USD | Updated: 2 Jul 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


Liberty Mutual Insurance Group leads the field in terms of pay, with a median salary of $74K.

The lowest salaries can be found at Mercer LLC — median pay is $62K — and there is little variation in compensation, with paychecks starting at $51K and only reaching $76K.

Popular Skills for Actuarial Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in SAS, VBA, Microsoft Access, and Data Analysis are correlated to pay that is above average. At the other end of the pay range are skills like R and Statistical Analysis. Most people skilled in Data Analysis are similarly competent 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 (+11 percent), Los Angeles (+10 percent), and New York (+7 percent). Actuarial Analysts in Cleveland make 25 percent less than the national average, proving that location is a major factor in pay. Two other places where employers offer below-median salaries are Montpelier (17 percent less) and Omaha (14 percent less).

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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 4%

VBA
up arrow 3%

Data Analysis
up arrow 1%

Microsoft Access
up arrow 1%

Microsoft Excel
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 101 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
27%
1-4 years
60%
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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