Average Actuary Salary

Rs 866,499
Avg. Salary
Rs 194,421
Bonus
Rs 50,000
Profit Sharing
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The average salary for an Actuary is Rs 866,499.
10%
Rs 354k
10%
Rs 866k
50%
Rs 5m
90%
90%
MEDIAN Rs 866,499
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United States (change)
Salary
Rs 354k - Rs 5m
Bonus
Rs 20k - Rs 997k
Profit Sharing
Rs -22 - Rs 1m
Total Pay
Rs 360k - Rs 5m

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.

Actuary Job Listings

Popular Skills for Actuary

Skills in Financial Modeling, Pricing, Data Analysis and Financial Analysis are correlated to pay that is above average.

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 Rs 513,401 based on 48 salaries. An early career Actuary with 1-4 years of experience earns an average total compensation of Rs 805,143 based on 51 salaries. A mid-career Actuary with 5-9 years of experience earns an average total compensation of Rs 1,400,000 based on 35 salaries. An experienced Actuary with 10-19 years of experience earns an average total compensation of Rs 2,855,259 based on 22 salaries. In their late career (20 years and higher), employees earn an average total compensation of Rs 850,000.
Employees with Actuary in their job title in Mumbai, Maharashtra earn an average of 67.1% more than the national average. These job titles also find higher than average salaries in Bangalore, Karnataka (26.9% more) and Hyderabad, Andhra Pradesh (26.9% more). The lowest salaries can be found in Chennai, Tamil Nadu (42.3% less), New Delhi, Delhi (40.9% less) and Gurgaon, Haryana (30.8% less).

Years of Experience

This data is based on 160 survey responses.
Entry Level
30.0%
Early Career
31.9%
Mid Career
21.9%
Experienced
13.8%
Late Career
2.5%

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