Actuarial Analyst Salary

Actuarial Analysts in the United States can expect wages of $61K per year on average. Overall incomes of Actuarial Analysts generally bottom out at around $50K and peak near $79K; the final number can, in exceptional cases, include upwards of $7K each for bonuses and profit sharing proceeds. The most important factor affecting compensation for this group is geography, followed by career length and the individual firm. Making up 72 percent of those who took the survey, male Actuarial Analysts greatly outnumber their female counterparts. The majority of workers are highly satisfied with their job. Medical benefits are awarded to almost all, and a large number earn dental coverage. The data in this summary comes from the PayScale salary survey.
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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


Leading companies who hire large numbers of Actuarial Analysts include Towers Watson, Mercer LLC, Milliman, Incorporated, Liberty Mutual Insurance Group, and Aetna, Inc. Liberty Mutual Insurance Group offers the largest salaries in town — $74K on average.

Popular Skills for Actuarial Analyst


Survey results suggest that Actuarial Analysts put a wide range of professional skills to use. 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 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.

Home to some of the best pay for Actuarial Analysts, Los Angeles offers exceptional salaries, 21 percent above the national average. Actuarial Analysts will also find cushy salaries in Hartford (+14 percent), San Francisco (+13 percent), Boston (+10 percent), and New York (+7 percent). Cleveland is the lowest-paying area, 19 percent south of the national average. Montpelier and Omaha are a couple other places where companies are known to pay below the median — salaries are 18 percent lower and 14 percent lower, respectively.

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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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