Avg. Base Salary (USD)
The average salary for an Actuarial Analyst is $61,151 in 2024
What is the Pay by Experience Level for Actuarial Analysts?
An entry-level Actuarial Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $55,000 based on 5 salaries. An early career Actuarial Analyst with 1-4 years of experience earns an average total compensation of $60,482 based on 13 salaries.
What Do Actuarial Analysts Do?
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 …Read more
- 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.
FAQs About Actuarial Analysts
What is the highest pay for Actuarial Analysts?
Our data indicates that the highest pay for an Actuarial Analyst is $92k / year
What is the lowest pay for Actuarial Analysts?
Our data indicates that the lowest pay for an Actuarial Analyst is $45k / year
How can Actuarial Analysts increase their salary?
Increasing your pay as an Actuarial Analyst is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Actuarial Analyst that oversees more junior Actuarial Analysts, this experience can increase the likelihood to earn more.