Entry-Level Actuary Salary

Entry-Level Actuaries take home approximately $64K annually on average. Total cash compensation for Entry-Level Actuaries runs from $47K to $106K depending on bonuses that can occasionally exceed $15K and profit sharing that can reach almost $9K. Geographic location is the biggest factor affecting pay for this group, followed by the specific employer. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. The majority of workers are highly satisfied with their job. Male Entry-Level Actuaries who responded to the survey are more common than women; more than half (68 percent) are men. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$48,149 - $101,214
$48K
$65K
$100K
MEDIAN: $64,614
10%
50%
90%

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$14.62 - $44.77
$15
$24
$45
MEDIAN: $24.48
10%
50%
90%

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$0$107K
Salary $48,149 - $101,214
Bonus $1,009 - $14,795
Profit Sharing $0.00 - $8,700
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).
)
$46,273 - $107,293
  • Country: United States
  • Currency: USD
  • Updated: 12 Oct 2017
  • Individuals Reporting: 526
Hourly Data $0$67
Hourly Rate $14.62 - $44.77
Hourly Tips $6.67
Overtime $8.75 - $67.50
Annual Data $0$107K
Bonus $1,009 - $14,795
Profit Sharing $0.00 - $8,700
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).
)
$46,273 - $107,293
  • Country: United States
  • Currency: USD
  • Updated: 12 Oct 2017
  • Individuals Reporting: 47

Actuary Job Listings

Popular Employer Salaries for Actuary


Although Milliman, Incorporated heads up the field in terms of compensation, offering the highest median salary at $78K, pay at this particular employer still varies considerably, running the full spectrum from $60K to $108K.

Towers Watson doles out the lowest salaries in town — median pay is $66K — not to mention workers can only make as much as $93K and scope of pay is rather limited.

Pay Difference by Location

National Average: $65,290

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

Chicago is home to an above-average pay rate for Entry-Level Actuaries, 26 percent higher than the national average. Entry-Level Actuaries can also look forward to large paychecks in cities like Seattle (+25 percent), Louisville (+23 percent), New York (+19 percent), and Boston (+12 percent). Those in the field find the lowest salaries in Columbus, 14 percent below the national average. Workers in Portland and Minneapolis earn salaries that trail the national average for those in this profession (13 percent less and 8 percent less, respectively).

Actuary Advice

Q: What do you wish you knew about your job when you first started out?

Actuary in Lansing:
"Analyze things."
Data science is better.

Key Stats for Actuary

Gender

Female
34 %
Male
66 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.
Less than 1 year
30%
1-4 years
56%
5-9 years
14%

Skills That Affect Actuary Salaries

SQL
▲31%

Data Modeling
▲19%

Pricing
▲18%


SAS
▲9%




Statistical Analysis
▲1%

Microsoft Access
▼0%

National Average
$65,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
34 %
Male
66 %

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 73%
vision benefits
Vision: 63%
no benefits
None: 11%