Entry-Level Actuary Salary
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.
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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
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).