Actuary Salary in the United States

How much does the average Actuary make in the United States?


The average salary for an Actuary in the United States is between $71,500 and $175,930 as of May 28, 2024. Salary ranges can vary widely depending on the actual Actuary position you are looking for. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities

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Base Salary

Core compensation

$71,500
$175,930
$123,720

What is an Actuary?

An actuary uses math, statistics, computer modeling, and analysis to evaluate risk. They look at various events that could occur either to a person or to business and develop scenarios to minimize risk and cost. Many actuaries are employed in the insurance industry and may specialize in an area like health insurance, life insurance, or property insurance.


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Actuarial Analyst I
Alternate Job Titles: Actuarial Analyst I | Actuary Consultant I | Entry Level Actuary | Insurance Actuary I

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details


Actuarial Analyst II
Alternate Job Titles: Actuarial Analyst II | Actuary Consultant II | Insurance Actuary II

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details


Actuarial Analyst III
Alternate Job Titles: Actuarial Analyst III | Actuary Consultant III | Insurance Actuary III

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details


Actuarial Analyst IV
Alternate Job Titles: Actuarial Analyst IV | Actuary Consultant IV | Insurance Actuary IV

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details


Actuarial Analyst V
Alternate Job Titles: Actuarial Analyst V | Actuary Consultant V | Insurance Actuary V

Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate ins... View job details


Actuary

What degree or educational requirements does an actuary need?

Actuaries typically obtain a Bachelor's degree in mathematics, statistics, business, or actuarial science. Coursework in computer science usually is included. Most individuals seeking a career as an actuary work towards certification in one of the major actuarial professional organizations: the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA). Employers typically support an individual in this pursuit which can take many years of study. The actuarial designations are Associate, which is the first level and Fellow, which is the highest and most difficult to attain.

Are actuaries in demand?

According to the Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook (BLS), employment of Actuaries, in general, is projected to grow about 22 percent from 2016 to 2026. The demand for Actuaries will be strong as insurance companies develop new products and try to reduce costs. Large companies will also employ actuaries to assess risk and help to guide operational policies.

What jobs are similar to or related to actuary?

Risk Manager and Statistician are other jobs that are sometimes related to actuaries.

Where can I find more information about actuary training and career opportunities?

Explore these additional resources for more on the acutarial profession.
American Academy of Actuaries
Casualty Actuarial Society
Society of Actuaries

What is the working environment for an actuary?

An actuary typically works in an office setting.
Job Openings for Actuary
MRINetwork Jobs - Deer Creek , IL
This is an opportunity to step up as a Lead Actuary overseeing 2 MGU's with one of the largest wholesale brokers in the world. The Lead Actuary will report directly to the Chief Actuary Officer who ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 3 days ago
Homesite Insurance - Boston , MA
You will report to the Sr. Manager, Actuary.Responsibilities* You will contribute to recommendations and significant revisions to one or more actuarial methodologies related to insurance pricing ...
MyJobHelper - 2 days ago
Analytic Recruiting Inc. - New York , NY
A holding company that owns 5 whole life insurance companies is looking for an experienced Head Actuary to oversee all of the actuarial functions of the company. The insurance companies' primary ...
LinkedIn - 10 days ago
Bolton Partners Inc - Baltimore , MD
Consulting Actuary/Sector Leader Reports To: Growth, Talent, or Technical Leader (or President) FLSA Status: Exempt Department: Retirement Location: Corporate Summary: This is a senior level position ...
ZipRecruiter - 4 days ago
franklinstewart - Trenton , NJ
Senior Associate Actuary Company Overview: We specialize in providing comprehensive risk management solutions to clients across various industries. Job Description: We are seeking a highly skilled ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 18 days ago
Pryor Associates Executive Search - Chicago , IL
P&C ERM Actuary opening in NYC or Chicago. Highly visible position to conduct capital analysis/projections, evaluation of emerging risks and business strategy, and other risk analyses; prepare ORSA ...
LinkedIn - 7 days ago