The average Actuarial Analyst in the United States can expect to rake in roughly $62K annually. Including potential for bonuses and profit sharing — peaking near $7K and $7K, respectively — total cash payment to Actuarial Analysts can bottom out near $51K or peak near $79K depending on individual performance. This group's pay is mainly influenced by geographic location, followed by experience level and the individual firm. Men account for the majority of Actuarial Analysts who responded to the questionnaire — 68 percent to be exact. Job satisfaction for Actuarial Analysts is high. Nearly all report receiving medical coverage from their employers and most collect dental insurance. The data in this summary comes from the PayScale salary survey.
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$49,895 - $77,178
(Median)
$50K
$62K
$77K
MEDIAN: $61,600
10%
50%
90%

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$16.70 - $25.43
(Median)
$
$22
$
MEDIAN: $22.00
50%

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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
$49,895 - $77,178  
   
Bonus
$1,485 - $7,225  
Profit Sharing
$515 - $6,787  
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).
)
$50,514 - $79,279  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 568
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$19$38$57
Hourly Rate
$22.00  
   
Overtime
$25.53 - $56.81  
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
$1,485 - $7,225  
   
Profit Sharing
$515 - $6,787  
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).
)
$50,514 - $79,279  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 6
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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' salaries may rise greatly for those who assume a higher-end position such as a Senior Actuarial Analyst. The average Senior Actuarial Analyst brings home $80K per year.

Actuarial Analyst Job Listings

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Popular Employer Salaries for Actuarial Analyst


Known for taking on a considerable number of Actuarial Analysts, Towers Watson, Mercer LLC, Milliman, Incorporated, Aetna, Inc., and Liberty Mutual Insurance Group are leading firms in the industry. Those at Liberty Mutual Insurance Group can expect to make the most, with the company offering a median salary of $74K.

Popular Skills for Actuarial Analyst


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Statistical Analysis, SAS, VBA, and Data Modeling are correlated to pay that is above average. Skills that seem to negatively impact pay include Oral / Verbal Communication and Financial Analysis. Those familiar with Data Analysis also tend to know SAS.

Pay Difference by Location

National Average: $62,898

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

Hartford is home to an above-average pay rate for Actuarial Analysts, 12 percent higher than the national average. Actuarial Analysts can also look forward to large paychecks in cities like San Francisco (+12 percent), Seattle (+9 percent), Boston (+9 percent), and New York (+7 percent). Montpelier is the lowest-paying area, 18 percent south of the national average. Two other places where employers offer below-median salaries are Omaha (15 percent less) and Madison (8 percent less).

Actuarial Analyst Reviews

What is it like working as an Actuarial Analyst?

Actuarial Analyst in New York:
"Fast career progression, intellectually stimulating."
Pros: I like having to use "actuarial judgment" to make decisions when there is no right answer, using limited data. I have to forecast future losses for large companies buying insurance, and it's impossible to be 100% certain that you're getting the right answer. I'm making real decisions that have an impact very early on in my career. I also like getting to work with non-actuaries and other departments. My salary has gone up around 50% in my first couple of years as an actuarial analyst, and my job responsibilities have increased too.
Cons: There is not always a lot of geographic flexibility - many jobs are concentrated in a few large cities, and often they are at insurance companies' headquarters. Sometimes the job might require a lot of updating spreadsheets and data cleansing, which can be boring and monotonous. Staying at one company, rather than switching companies, can hinder your career growth. Companies are more likely to pay more for external hires rather than promote within.

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Experience Affects Actuarial Analyst Salaries


Experienced
up arrow 19%

National Average
$63,000


Skills That Affect Actuarial Analyst Salaries

Statistical Analysis
up arrow 10%

SAS
up arrow 6%

VBA
up arrow 2%

Data Modeling
up arrow 2%

SQL
up arrow 1%

R
up arrow 1%

Microsoft Excel
0%

Data Analysis
0%

National Average
$63,000

Microsoft Access
up arrow 1%

Project Management
up arrow 2%

Financial Analysis
up arrow 5%

Oral / Verbal Communication
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
29%
1-4 years
61%
5-9 years
7%
10-19 years
2%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 82%
medical benefits
Vision: 70%
dental benefits
None: 6%
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