The average Entry-Level Actuary earns approximately $64K annually. Total incomes of Entry-Level Actuaries incorporate potential for, in a few cases, more than $15K from bonuses and close to $9K from profit sharing; these performance components cause packages to range between $48K and $104K. Residence is the biggest factor affecting pay for this group, followed by the specific employer. Most workers in this position report high levels of job satisfaction. Male Entry-Level Actuaries are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. This snapshot results from replies to PayScale's salary survey.

$48,051 - $99,580
(Median)
$48K
$64K
$100K
MEDIAN: $63,909
10%
50%
90%

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$14.25 - $45.00
(Median)
$14
$24
$45
MEDIAN: $24.00
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$50K$100K$150K
Salary
$48,051 - $99,580  
   
Bonus
$1,028 - $14,625  
Profit Sharing
$0.00 - $8,515  
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).
)
$47,739 - $103,909  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 573
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$25$50$75
Hourly Rate
$14.25 - $45.00  
   
Overtime
$1.64 - $52.28  
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
$1,028 - $14,625  
   
Profit Sharing
$0.00 - $8,515  
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).
)
$47,739 - $103,909  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 34
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Popular Employer Salaries for Actuary


Entry-Level Actuaries seeking a sizable paycheck can earn the most at Milliman, Incorporated, where the median salary comes to $78K, though the large pay difference between employees at the top ($60K) and those starting out ($108K) creates a rather diverse pay scale.

Towers Watson offers the least pay with a median salary of $66K; furthermore, salaries there max out at only $93K.

Pay Difference by Location

National Average: $65,440

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

Chicago offers some of the highest pay in the country for Entry-Level Actuaries, 24 percent above the national average. Entry-Level Actuaries can also look forward to large paychecks in cities like Cincinnati (+19 percent), New York (+17 percent), Boston (+12 percent), and San Francisco (+8 percent). Trailing the national average by 14 percent, Columbus is the market with the smallest paychecks. Below-median salaries also turn up in Portland and Minneapolis (13 percent lower and 9 percent lower, respectively).

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Skills That Affect Actuary Salaries

Pricing
up arrow 20%

SAS
up arrow 13%


Financial Analysis
up arrow 8%

Data Analysis
up arrow 4%

Microsoft Excel
up arrow 4%

Microsoft Access
up arrow 2%

Statistical Analysis
0%

National Average
$65,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
29 %
Male
71 %

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 72%
medical benefits
Vision: 62%
dental benefits
None: 7%
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