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.
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.
Actuaries tend to make the most in the following industries:
In general, they earn less within the industries below:
