The average Entry-Level Actuary earns approximately $63K annually. Final cash compensation to Entry-Level Actuaries varies from around $47K to approximately $104K; choice pay grades include potential for bonuses and profit sharing as high as $15K and $9K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by the specific employer. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Making up 71 percent of those who took the survey, male Entry-Level Actuaries greatly outnumber their female counterparts. For the most part, Entry-Level Actuaries enjoy their work and report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$47,965 - $99,597
$48K
$63K
$100K
MEDIAN: $63,416
10%
50%
90%

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$14.90 - $44.70
$15
$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
$47,965 - $99,597  
   
Bonus
$1,014 - $14,568  
Profit Sharing
$0.00 - $8,581  
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).
)
$47,383 - $103,508  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 596
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
$14.90 - $44.70  
   
Overtime
$1.71 - $58.72  
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
$1,014 - $14,568  
   
Profit Sharing
$0.00 - $8,581  
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).
)
$47,383 - $103,508  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 38

Find Out Exactly What You Should Be Paid

United States (change)

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Popular Employer Salaries for Actuary


Milliman, Incorporated does shell out the biggest paychecks — the median in that office is $78K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $60K while workers on the upper end may rake in up to $108K.

Not only do salaries lack room to grow — pay ranges from $57K to just $93K — but Towers Watson offers the lowest pay in town to boot, with a median paycheck of $66K.

Pay Difference by Location

National Average: $65,019

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

Home to some of the best pay for Entry-Level Actuaries, Seattle offers exceptional salaries, 50 percent above the national average. Entry-Level Actuaries can also look forward to large paychecks in cities like Chicago (+25 percent), New York (+15 percent), Boston (+15 percent), and Cincinnati (+12 percent). The smallest paychecks in the market, 13 percent south of the national average, can be found in Columbus. A couple other locations with smaller-than-average paychecks include Portland (12 percent lower) and Minneapolis (7 percent lower).

Key Stats for Actuary

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.
Less than 1 year
30%
1-4 years
58%
5-9 years
12%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Actuary Salaries

SQL
up arrow 31%

Data Modeling
up arrow 20%

Pricing
up arrow 17%


SAS
up arrow 8%

Financial Analysis
up arrow 5%



Statistical Analysis
0%

Microsoft Access
0%

National Average
$65,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
29 %
Male
71 %

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 72%
vision benefits
Vision: 63%
dental benefits
None: 8%
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