The average salary for an Actuarial Associate is $74,671.
Is Actuarial Associate your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.
$61k - $101k
$3k - $12k
$1k - $9k
$63k - $107k
Your Market Worth Over Time
How has your pay changed over time for your market? Find out by taking our salary quiz.
Job Description for Actuarial Associate
Actuarial associates assist senior actuaries in assessing the financial impact of speculation, uncertainty, and risk related to unexpected, uncontrollable events such as death, natural disasters, and other liabilities to a corporation or firm. Actuarial associates typically work full time in an office environment, but they may also be part of a consulting firm that works directly with multiple companies. Their duties include the aggregation of existing databases to determine the need for protect…Read more
Actuarial Associate Tasks
- Provide administrative, accounting, compliance, product development, valuation, and/or claims support for multiple departments.
- Perform ad hoc research and statistical analysis to estimate rates and probabilities affecting policies.
- Advise policy holders, developing insurance plans, resolving issues, and managing oversight and policy value corrections.
Job Satisfaction for Actuarial Associate
Popular Employer Salaries for Actuarial Associate
The top respondents for the job title Actuarial Associate are from the companies Mercer LLC, Prudential Financial Inc. and PricewaterhouseCoopers. Reported salaries are highest at Mercer LLC where the average pay is $92,983. Other companies that offer high salaries for this role include Prudential Financial Inc., earning around $75,800. PricewaterhouseCoopers pays the lowest at around $64,500. Buck Consultants, LLC also pays on the lower end of the scale, paying $66,335.
Actuarial Associate Job Listings
Search for more jobs
Popular Skills for Actuarial Associate
Skills in Data Analysis and Financial Modeling are correlated to pay that is above average. Skills that pay less than market rate include SQL, VBA and Microsoft Excel.
Pay by Experience Level for Actuarial Associate
An entry-level Actuarial Associate with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $65,317 based on 34 salaries. An early career Actuarial Associate with 1-4 years of experience earns an average total compensation of $76,320 based on 95 salaries. A mid-career Actuarial Associate with 5-9 years of experience earns an average total compensation of $95,008 based on 33 salaries. An experienced Actuarial Associate with 10-19 years of experience earns an average total compensation of $104,875 based on 9 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Actuarial Associate in their job title in Philadelphia, Pennsylvania earn an average of 27.2% more than the national average. These job titles also find higher than average salaries in West Des Moines, Iowa (7.4% more) and Chicago, Illinois (5.2% more). The lowest salaries can be found in Houston, Texas (7.9% less), Newark, New Jersey (6.1% less) and New York, New York (2.2% less).
Years of Experience
This data is based on 171 survey responses.
Related Job Salaries
$28k - $55k
$42k - $84k
$45k - $81k
$33k - $68k
$28k - $53k
$53k - $98k
$62k - $100k
$48k - $111k
$38k - $78k
$39k - $63k