Actuarial Associate Salary

An Actuarial Associate earns an average salary of $69,052 per year. Most people move on to other jobs if they have more than 10 years' experience in this field. For the first five to ten years in this position, pay increases sharply, but any additional experience does not have a big effect on pay. The highest paying skills associated with this job are Financial Modeling and Data Analysis.

$52,978 - $91,928
(Median)
$53K
$69K
$92K
MEDIAN: $69,051
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$33K$66K$99K
Salary
$52,978 - $91,928  
   
Bonus
$1,973 - $12,164  
Profit Sharing
$1,529 - $9,696  
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).
)
$54,397 - $97,340  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 97
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Job Description for Actuarial Associate

Actuarial associates assist senior actuaries in assessing the financial impact of speculation, uncertainty, and risk related to unexpected, uncontrollable events such as death, natural disasters, and other liabilities to a corporation or firm. Actuarial associates typically work full time in an office environment, but they may also be part of a consulting firm that works directly with multiple companies. Their duties include the aggregation of existing databases to determine the need for protection against various liabilities, the collection of new data to determine liability risk, and interaction with other departments to research the potential for liabilities.

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Experience Affects Actuarial Associate Salaries

Experienced
up arrow 29%

Mid-Career
up arrow 27%

National Average
$74,000

Entry-Level
up arrow 3%

Skills That Affect Actuarial Associate Salaries

Financial Modeling
up arrow 15%

Data Analysis
up arrow 12%

National Average
$74,000

Microsoft Excel
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
20%
1-4 years
59%
5-9 years
14%
10-19 years
7%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 90%
medical benefits
Vision: 69%
dental benefits
None: 2%
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