Actuary Salary
Updated: 1 Jun 2012
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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 | $60K | $120K | $180K |
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| Salary | $49,156 - $140,321 |
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| Bonus | $1,003 - $27,101 |
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| Profit Sharing | $1,024 - $15,000 |
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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). ) | $49,001 - $161,461 |
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Country: United States | Currency: USD | Updated: 1 Jun 2012 | Individuals Reporting: 899 |
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Companies and Industries for
Actuary
Salaries
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Popular Employers
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Salary Range
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| Towers Perrin | $40,851 - $146,807 |
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| The Travelers Companies, Inc. | $50,868 - $126,269 |
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| Humana, Inc. | $54,045 - $84,950 |
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| Mercer | $63,000 - $88,669 |
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| Towers Watson | $54,459 - $137,500 |
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Popular Industries
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Salary Range
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| Insurance | $46,672 - $149,578 |
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| Health Insurance | $47,813 - $147,091 |
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| Consultancy | $45,346 - $149,995 |
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| Human Resources Consulting Services | $46,462 - $154,354 |
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| Business Consulting | $46,267 - $158,919 |
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Key Statistics for
Actuary
Salaries and Jobs
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Female
25%
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Male
75%
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| Salary: | $59,221 - $103,936 | |
$60,016 - $111,977
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| Bachelor's Degree | $47,952 - $141,818 |
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| Bachelor of Science (BS / BSc), Actuarial Mathematics | $51,752 - $144,719 |
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| Bachelor of Science (BS / BSc), Mathematics | $47,847 - $143,429 |
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| Bachelor of Arts (BA), Mathematics | $47,020 - $144,522 |
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| Master of Science (MS), Statistics | $59,432 - $110,658 |
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Most Common Health Benefits
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Medical:
91% |
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Dental:
79% |
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Vision:
60% |
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None:
7% |
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More Special Reports
» Which jobs, cities and industries are seeing wages recover post-recession? Track the latest compensation trends with The PayScale Index Q1 2012 results.
Career Path for
Actuary
Jobs
Actuary
Salary Range
$49,001 - $161,461
Actuary
Salary Range
$49,001 - $161,461
There is not enough data available to display this chart.
Salary Map for
Actuary
Jobs
Highest Salaries By City for Actuary Jobs
Top Cities by Popularity for Actuary Jobs
Austin, Texas (TX)
Actuary
Salary Range:
$82,500 - $179,000
#1 Highest Paying Location
Harrisburg, Pennsylvania (PA)
Actuary
Salary Range:
$64,382 - $157,692
#2 Highest Paying Location
Salt Lake City, Utah (UT)
Actuary
Salary Range:
$88,437 - $107,668
#3 Highest Paying Location
Milwaukee, Wisconsin (WI)
Actuary
Salary Range:
$61,935 - $125,071
#4 Highest Paying Location
Hartford, Connecticut (CT)
Actuary
Salary Range:
$50,349 - $158,539
#5 Highest Paying Location
Nashville, Tennessee (TN)
Actuary
Salary Range:
$45,615 - $164,295
#6 Highest Paying Location
Philadelphia, Pennsylvania (PA)
Actuary
Salary Range:
$50,507 - $131,778
#7 Highest Paying Location
Minneapolis, Minnesota (MN)
Actuary
Salary Range:
$50,091 - $132,477
#8 Highest Paying Location
New York, New York (NY)
Actuary
Salary Range:
$57,970 - $148,849
#9 Highest Paying Location
Seattle, Washington (WA)
Actuary
Salary Range:
$25,532 - $133,495
#10 Highest Paying Location
Washington, District of Columbia (DC)
Actuary
Salary Range:
$62,201 - $105,000
#11 Highest Paying Location
San Francisco, California (CA)
Actuary
Salary Range:
$25,342 - $167,675
#12 Highest Paying Location
Boston, Massachusetts (MA)
Actuary
Salary Range:
$41,217 - $137,293
#13 Highest Paying Location
Des Moines, Iowa (IA)
Actuary
Salary Range:
$46,540 - $111,285
#14 Highest Paying Location
Cleveland, Ohio (OH)
Actuary
Salary Range:
$46,309 - $163,893
#15 Highest Paying Location
Columbus, Ohio (OH)
Actuary
Salary Range:
$50,925 - $109,571
#16 Highest Paying Location
Los Angeles, California (CA)
Actuary
Salary Range:
$40,614 - $156,701
#17 Highest Paying Location
Houston, Texas (TX)
Actuary
Salary Range:
$49,316 - $150,024
#18 Highest Paying Location
St. Paul, Minnesota (MN)
Actuary
Salary Range:
$68,748 - $96,955
#19 Highest Paying Location
Chicago, Illinois (IL)
Actuary
Salary Range:
$55,293 - $149,896
#20 Highest Paying Location
New York, New York (NY)
Actuary
Salary Range:
$57,970 - $148,849
#1 Most Popular Location
Chicago, Illinois (IL)
Actuary
Salary Range:
$55,293 - $149,896
#2 Most Popular Location
Hartford, Connecticut (CT)
Actuary
Salary Range:
$50,349 - $158,539
#3 Most Popular Location
Minneapolis, Minnesota (MN)
Actuary
Salary Range:
$50,091 - $132,477
#4 Most Popular Location
Boston, Massachusetts (MA)
Actuary
Salary Range:
$41,217 - $137,293
#5 Most Popular Location
Atlanta, Georgia (GA)
Actuary
Salary Range:
$40,337 - $136,523
#6 Most Popular Location
Philadelphia, Pennsylvania (PA)
Actuary
Salary Range:
$50,507 - $131,778
#7 Most Popular Location
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.
FAQs on Salaries for
Actuary
Jobs
What is the Salary of an Actuary?
While many people may only have a vague idea of the day-to-day tasks performed by an actuary, it's a job that frequently appears on yearly "best jobs" lists thanks to its stable career outlook, challenging workload and generous compensation. Measuring Actuary Salaries by Years Experience shows that, even with less than a year of experience, an actuary salary can be quite lucrative, and over the course of a 20-year career the average salary of an actuary can more than double. But other than waiting it out, is there anything else that can positively affect actuary salaries? The answers can be found by researching actuary salary data by location, education, industry, and more; actuaries know that the more data you have to work with, the better able you will be to make career decisions.
Researching Actuary Salaries
Researching Actuary Salary by Employer Type, we can see that actuary salaries for individuals working in non-profit and government positions are competitive with those at private companies; this is one case where public-sector work doesn't have to be its own reward. Drilling down into the Salary of an Actuary by Industry shows that consulting can sometimes be the best choice when it comes to earning a higher average actuary salary. When it comes to location, the Actuary Salary by City chart shows that New York offers top actuary salaries, but be warned: Average Commute Time for actuaries in New York is also the highest. There are a lot of factors that go into choosing a large company or small business for your place of work - for many people, salary is the least of their concerns when it comes to this decision. But, it's worth noting that some smaller businesses offer higher salaries than larger firms, as shown in the report on Actuary Salaries by Company Size. If a smaller office situation appeals to you, this could be a big incentive to go that route.
Actuary Salary Story
To get a better idea of what it's really like to work as an actuary, take a look at the Salary Stories blog post entitled " Actuary Salaries and Job Description." You'll find an interview with an experienced actuary covering topics such as the job outlook for this field and factors affecting actuary salaries.
More Charts for
Actuary
Jobs
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