Actuaries in the United States pull down an average of $81K annually. Total cash compensation to Actuaries approaches anywhere from $50K on the lower end to $156K on the higher end; in exceptional cases, this can include more than $29K from bonuses and upwards of $20K from profit sharing. The particular firm is the main element affecting pay for this group — years of experience and location are driving factors as well. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. For the most part, Actuaries enjoy their work and report high levels of job satisfaction. Making up 72 percent of those who took the survey, male Actuaries greatly outnumber their female counterparts. This snapshot results from replies to PayScale's salary survey.
Read More
$49,837 - $142,642
$50K
$81K
$140K
MEDIAN: $81,039
10%
50%
90%

Add this chart to your site: 640px    300px

$15.30 - $45.19
$15
$24
$45
MEDIAN: $24.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$60K$120K$180K
Salary
$49,837 - $142,642  
   
Bonus
$1,499 - $29,081  
Profit Sharing
$0.00 - $19,518  
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).
)
$49,728 - $155,651  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 953
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$30$60$90
Hourly Rate
$15.30 - $45.19  
   
Overtime
$8.75 - $56.50  
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$60K$120K$180K
Bonus
$1,499 - $29,081  
   
Profit Sharing
$0.00 - $19,518  
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).
)
$49,728 - $155,651  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 42

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Actuary

Actuaries play a key role in insurance companies by serving as analysts who help determine whether the company should issue an insurance policy and what the premium for that policy should be. They use a great deal of statistical analysis in their work, as they examine huge amounts of data related to costing and trends. Insurance companies must always maintain their financial health, and the role of the actuary is to manage risk in the delicate balance between issuing policies (and the costs paid for them) and the exposure to financial risk for the company.

Read More...

Actuary Tasks

  • Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits.
  • May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.

Actuary Job Listings

Search for more jobs:

Popular Employer Salaries for Actuary


Actuaries fill the offices of leading firms Humana, Inc., Metropolitan Life Insurance Company (MetLife), Towers Watson, American International Group, Inc. (AIG), and New York Life Insurance Company. Those at Towers Watson can expect to make the most, with the company offering a median salary of $164K. Also paying near the top of the field are Prudential at $137K, Metropolitan Life Insurance Company (MetLife) at $135K, and ACE Group, where Actuaries annually earn $120K.

A few other companies with smaller-than-average paychecks include Milliman, Incorporated ($85K), New York Life Insurance Company ($94K), and American International Group, Inc. (AIG) ($100K).

Popular Skills for Actuary


Survey results show that Actuaries use a fair number of skills. Most notably, facility with Pricing, Financial Modeling, and SAS are correlated to pay that is significantly above average, leading to increases of 34 percent, 24 percent, and 20 percent, respectively. Skills that seem to negatively impact pay include Microsoft Access. Most people skilled in Data Analysis are similarly competent in Financial Analysis and Financial Modeling. The majority of those who know Microsoft Excel also know Financial Modeling and Financial Analysis.

Pay by Experience Level for Actuary

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Actuaries who reported more years of relevant experience also reported higher earnings. The relatively untested earn a median of $65K per year, but survey respondents who have racked up five to 10 years of experience report a six-figure median of $112K. Actuaries claiming one to two decades of experience make an estimated median of $134K. More than 20 years of experience mean a somewhat bigger median paycheck of $146K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $82,267

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

For those looking to make money, Actuaries in Portland enjoy an exceptional pay rate, 43 percent above the national average. Actuaries can also look forward to large paychecks in cities like Washington (+38 percent), Seattle (+31 percent), Boston (+25 percent), and San Francisco (+24 percent). Trailing the national average by 15 percent, Dallas is the market with the smallest paychecks. Employers also pay below the national average in Nashville (5 percent lower) and Cleveland (3 percent lower).

Related Job Salaries

Key Stats for Actuary

Gender

Female
28 %
Male
72 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.
Less than 1 year
19%
1-4 years
37%
5-9 years
20%
10-19 years
16%
20 years or more
8%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Actuary Salaries




National Average
$82,000


Skills That Affect Actuary Salaries

up arrow 34%


SAS
up arrow 20%


Data Modeling
up arrow 12%

SQL
up arrow 7%



Data Analysis
0%

National Average
$82,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
19%
1-4 years
37%
5-9 years
20%
10-19 years
16%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 77%
vision benefits
Vision: 67%
dental benefits
None: 7%
ADVERTISEMENT