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Actuarial Analyst Salary (United States)

More than four-fifths of Actuarial Analysts are still navigating the early stages of their careers and report less than five years' experience. The workforce as a whole reports a median income in the neighborhood of $59K per year. With some bonuses and profit sharing proceeds approaching $7K each, total incomes of Actuarial Analysts generally range from $48K to $80K depending on individual performance. This group's pay is mainly influenced by location, followed by career duration and the specific company. Almost all workers enjoy medical while a solid majority get dental coverage. Vision coverage is also available to a fair portion. Generally, women make up less than a third of all Actuarial Analysts. Most Actuarial Analysts like their work and job satisfaction is high. This report is based on answers to PayScale's salary questionnaire.
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  
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  
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

Actuarial Analysts seeking a sizable paycheck can earn the most at Liberty Mutual Insurance Group, where typical salaries come to $74K. Not only do salaries lack room to grow — pay ranges from $56K to just $76K — but Towers Watson offers the lowest pay in town to boot, with a median paycheck of $64K. Liberty Mutual Insurance Group also ranks near the bottom for pay.

Popular Skills for Actuarial Analyst

Survey results show that Actuarial Analysts use a fair number of 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. Those educated in Data Analysis tend to be well versed 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.
Hartford is home to an above-average pay rate for Actuarial Analysts, 17 percent higher than the national average. Actuarial Analysts can also look forward to large paychecks in cities like Boston (+13 percent), Los Angeles (+10 percent), San Francisco (+10 percent), and New York (+8 percent). Compared to the national average, Cleveland Actuarial Analysts have considerably lower salaries, 24 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers in Omaha and Louisville also lean toward paying below-median salaries (13 percent lower and 11 percent lower, respectively).

Related Job Salaries

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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%