Average Actuary Salary in Australia

AU$99,621
Avg. SalaryShow Hourly Rate
AU$10,394
Bonus
AU$5,000
Profit Sharing
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The average salary for an Actuary in Australia is AU$99,621.
10%
AU$59k
10%
AU$100k
50%
AU$172k
90%
90%
MEDIAN AU$99,621
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United States (change)
Salary
AU$59k - AU$172k
Bonus
AU$3k - AU$31k
Profit Sharing
AU$970 - AU$21k
Total Pay
AU$60k - AU$194k

Your Market Worth Over Time

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Job Description for Actuary

Actuary Tasks
  • 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.

Career Paths

Explore the most common career paths for Actuary. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Actuary
Senior Actuary
Executive Director
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Actuary Job Listings

Popular Skills for Actuary

Skills in Financial Modeling, Pricing and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Data Analysis.

Pay by Experience Level for Actuary

An entry-level Actuary with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of AU$72,292 based on 20 salaries. An early career Actuary with 1-4 years of experience earns an average total compensation of AU$81,149 based on 46 salaries. A mid-career Actuary with 5-9 years of experience earns an average total compensation of AU$115,807 based on 60 salaries. An experienced Actuary with 10-19 years of experience earns an average total compensation of AU$131,547 based on 38 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$135,000.
Employees with Actuary in their job title in Sydney, New South Wales earn an average of 15.4% more than the national average. The lowest salaries can be found in Perth, Western Australia (22.2% less), Brisbane, Queensland (18.3% less) and Melbourne, Victoria (9.7% less).

Years of Experience

This data is based on 174 survey responses.
Entry Level
11.5%
Early Career
26.4%
Mid Career
34.5%
Experienced
21.8%
Late Career
5.7%

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