Actuarial Analyst Salary

Actuarial Analysts in the United States can expect to earn an average of $61K annually. Total cash compensation to Actuarial Analysts varies from $50K to $79K; higher pay grades include potential for bonuses and profit sharing as high as $7K each. The most important factor affecting compensation for this group is location, followed by career duration and the specific company. Medical benefits are awarded to nearly all, and most earn dental coverage. Job satisfaction for Actuarial Analysts is high. Male Actuarial Analysts are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$49,152 - $76,130
(Median)
$49K
$61K
$76K
MEDIAN: $60,771
10%
50%
90%

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$16.34 - $33.10
(Median)
$16
$23
$33
MEDIAN: $22.00
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
$49,152 - $76,130  
   
Bonus
$1,020 - $6,936  
Profit Sharing
$503 - $6,953  
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).
)
$49,994 - $79,416  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 817
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
$16.34 - $33.10  
   
Overtime
$34.25 - $52.34  
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
$1,020 - $6,936  
   
Profit Sharing
$503 - $6,953  
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).
)
$49,994 - $79,416  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 23
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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.

Common Career Paths for Actuarial Analyst


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Actuarial Analysts may experience a large salary bump if they progress into a role such as Senior Actuarial Analyst. The latter position pays an average of $79K annually.

Actuarial Analyst Job Listings

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Popular Employer Salaries for Actuarial Analyst


Towers Watson, Mercer LLC, Milliman, Incorporated, Liberty Mutual Insurance Group, and Aetna, Inc. are leaders in the field that employ a large number of Actuarial Analysts. Heading up the field in terms of compensation, Liberty Mutual Insurance Group offers the most; Actuarial Analysts earn $74K on average there.

Popular Skills for Actuarial Analyst


Actuarial Analysts report using a diverse set of skills on the job. Most notably, skills in SAS, VBA, Microsoft Access, and Data Analysis are correlated to pay that is above average. Skills that seem to negatively impact pay include Statistical Analysis and R. For most people, competency in Data Analysis indicates knowledge of SAS.

Pay Difference by Location

National Average: $62,324

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

Los Angeles offers some of the highest pay in the country for Actuarial Analysts, 21 percent above the national average. Actuarial Analysts can also look forward to large paychecks in cities like Hartford (+14 percent), San Francisco (+13 percent), Boston (+10 percent), and New York (+7 percent). In Cleveland, salaries are 19 percent below the national average and represent the lowest-paying market. A couple other locations with smaller-than-average paychecks include Montpelier (18 percent lower) and Omaha (14 percent lower).

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Experience Affects Actuarial Analyst Salaries

Experienced
up arrow 27%


National Average
$62,000


Skills That Affect Actuarial Analyst Salaries

SAS
up arrow 4%

VBA
up arrow 2%

Microsoft Excel
0%

Data Analysis
0%

SQL
0%

Microsoft Access
0%

Data Modeling
0%

National Average
$62,000

R
up arrow 7%

Statistical Analysis
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 105 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
29%
1-4 years
59%
5-9 years
10%
10-19 years
2%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
medical benefits
Vision: 72%
dental benefits
None: 6%
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