Salary for Actuaries

Also known as:  Actuarial Associate, Actuarial Mathematician, Health Actuary, Insurance Actuary, Pricing Actuary, Product Development Actuary

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Actuaries are professionals in the insurance and benefits industries who use statistics and probability to determine future benefits. They determine risk and liability, and may serve as liaisons between the technical and business sides of the industry. Strong communication skills are a must in this occupation, as many actuaries also explain policy details to government officials and the general public. Strong mathematical skills and a post-secondary degree, often a doctorate, is required for this position.

A Actuary can receive salaries ranging between $66,030 and $196,010 based on education and experience. get salaries of one hundred and twenty-three thousand one hundred and eigthy dollars every year.

can obtain the highest salaries in New York, where they get normal pay levels of about $154,150. This group of people are compensated most highly in Other Services (except Public Administration), which has an average salary rate of $162,880.

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The national wage distribution is shown below. To overlay local salaries for an Actuary, please select your state.
Annual salary
Hourly rate
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SALARY TREND

The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 41.66 percent nationwide in that time.

INDUSTRIES

Actuaries tend to make the most in the following industries:

Other Services (except Public Administration)
$162,880
Information
$128,910
Finance and Insurance
$126,520
Professional, Scientific, and Technical Services
$122,340
Health Care and Social Assistance
$112,740
Management of Companies and Enterprises
$111,820

In general, they earn less within the industries below:

Administrative, Support and Waste Management Services
$80,290
Public Administration
$107,490
Management of Companies and Enterprises
$111,820
Health Care and Social Assistance
$112,740
Professional, Scientific, and Technical Services
$122,340
Finance and Insurance
$126,520