Actuarial Analyst Salary

An Actuarial Analyst earns an average salary of $61,543 per year. Most people with this job move on to other positions after 10 years in this career.
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$50,162 - $78,738
$50K
$62K
$79K
MEDIAN: $61,968
10%
50%
90%

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$18.12 - $32.78
$18
$26
$33
MEDIAN: $26.27
10%
50%
90%

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$0$80K
Salary $50,162 - $78,738
Bonus $1,403 - $7,342
Profit Sharing $498.33 - $6,792
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).
)
$50,841 - $80,872
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 556
Hourly Data $0$58
Hourly Rate $18.12 - $32.78
Overtime $33.50 - $58.09
Annual Data $0$80K
Bonus $1,403 - $7,342
Profit Sharing $498.33 - $6,792
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).
)
$50,841 - $80,872
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 10

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Actuarial Analyst

An actuary analyst uses data to measure risk for a company or organization, such as insurance company or a financial services business. Common functions performed by an actuary analyst include coordinating, preparing, and performing actuarial analyses, which are required by companies when developing new products, projecting future results, repricing existing products, and/or determine financial strength. An actuary analyst is usually expected to work under minimal supervision and must be able to perform moderately complex work assignments and problem resolution.

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Actuarial Analyst Tasks

  • Analyze risk evaluation data, using appropriate models and statistical methods, and creating relevant charts and graphs.
  • Review accuracy of data and calculations.
  • Report and interpret results of data analysis.

Common Career Paths for Actuarial Analyst


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Actuarial Analyst Job Listings

Popular Employer Salaries for Actuarial Analyst

Popular Skills for Actuarial Analyst

Pay by Experience Level for Actuarial Analyst

Pay by Experience for an Actuarial Analyst has a positive trend. An entry-level Actuarial Analyst with less than 5 years of experience can expect to earn an average total compensation of $62,000 based on 514 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Actuarial Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $77,000 based on 46 salaries. An experienced Actuarial Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $76,000 based on 14 salaries. An Actuarial Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $87,000 based on 7 salaries.

Pay Difference by Location

National Average: $63,444

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

Actuarial Analyst Reviews

Q: What is it like working as an Actuarial Analyst?

Actuarial Analyst in New York:
"Fast career progression, intellectually stimulating."
Pros: I like having to use "actuarial judgment" to make decisions when there is no right answer, using limited data. I have to forecast future losses for large companies buying insurance, and it's impossible to be 100% certain that you're getting the right answer. I'm making real decisions that have an impact very early on in my career. I also like getting to work with non-actuaries and other departments. My salary has gone up around 50% in my first couple of years as an actuarial analyst, and my job responsibilities have increased too.
Cons: There is not always a lot of geographic flexibility - many jobs are concentrated in a few large cities, and often they are at insurance companies' headquarters. Sometimes the job might require a lot of updating spreadsheets and data cleansing, which can be boring and monotonous. Staying at one company, rather than switching companies, can hinder your career growth. Companies are more likely to pay more for external hires rather than promote within.

Related Job Salaries

Key Stats for Actuarial Analyst

Gender

Female
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.
Less than 1 year
29%
1-4 years
60%
5-9 years
7%
10-19 years
2%
20 years or more
1%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Actuarial Analyst Salaries

Late-Career
▲37%

▲22%

▲20%

National Average
$63,000

▼2%

Skills That Affect Actuarial Analyst Salaries

Statistical Analysis
▲9%

SAS
▲5%

R
▲2%

SQL
▲1%

VBA
▲1%


National Average
$63,000

Microsoft Excel
▼1%

Data Analysis
▼1%


Project Management
▼2%

Financial Analysis
▼5%

Oral / Verbal Communication
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
29%
1-4 years
60%
5-9 years
7%
10-19 years
2%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 79%
vision benefits
Vision: 68%
no benefits
None: 8%
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