An Actuary earns an average salary of R611,821 per year. People in this job generally don't have more than 20 years' experience. The skills that increase pay for this job the most are Risk Management / Risk Control and Product Development. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience.

R239,173 - R1,180,228
(Median)
R240K
R610K
R1M
MEDIAN: R611,821
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.
)
R0R500KR1MR1.5M
Salary
R239,173 - R1,180,228  
   
Bonus
R6,750 - R275,000  
Profit Sharing
R200.67 - R99,666  
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).
)
R249,750 - R1,376,629  
Country: South Africa | Currency: ZAR | Updated: 27 Oct 2016 | Individuals Reporting: 194
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Pay by Experience Level for Actuary

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

Pay Difference by Location

National Average: R646,901

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

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Experience Affects Actuary Salaries

Experienced
up arrow 97%

Late-Career
up arrow 87%

Mid-Career
up arrow 29%

National Average
R647,000


Skills That Affect Actuary Salaries

Risk Management / Risk Control
up arrow 24%



Microsoft Excel
up arrow 5%

Data Analysis
up arrow 3%

Pricing
up arrow 3%

National Average
R647,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 3 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
12%
1-4 years
38%
5-9 years
31%
10-19 years
15%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 11%
medical benefits
Vision: 10%
dental benefits
None: 25%
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