Actuarial Analyst I Salary in the United States

FAQ about Actuarial Analyst I

1. What is the lowest paid actuary?

The lowest paid actuary, specifically an entry-level actuarial analyst, can expect a starting salary of approximately $72,800. As they gain experience and pass more exams, their salary can increase, with mid-level actuaries earning around $81,500 to $89,800 depending on their credentials and experience.

2. Why is actuary salary so high?

Actuaries combine advanced mathematical skills, business acumen, and strategic insight, a rare combination that companies highly value. With a salary range for Actuarial Analysts between $72,800 and $89,800, the high demand for these professionals, coupled with a limited supply, drives salaries upward. This unique skill set justifies the competitive compensation.

3. What IT jobs pay 200k a year?

While many IT jobs can offer high salaries, positions like Senior Systems Engineer, Senior Manager in Technology Risk Management, and Technical Program Manager IV often exceed $200,000 annually. However, for roles like Actuarial Analyst, salaries typically range from $72,800 to $89,800, with a midpoint of $81,500, reflecting a different salary scale in the tech industry.

4. Can actuaries make $300K?

Experienced actuaries can earn competitive salaries, with entry-level positions starting around $72,800, mid-level roles averaging $81,500, and senior positions reaching up to $89,800. While most actuaries earn six figures, top-level roles can exceed $200K, and some may approach $300K, reflecting the high demand for their expertise in risk management.

5. What is the highest paid type of actuary?

The highest paid type of actuary is typically the Actuarial Director, with salaries ranging from $142,500 to $211,500 per year. Other high-paying roles include Pricing Actuary ($120,000-$188,000) and Actuarial Manager ($131,500-$155,000). For an Actuarial Analyst, the salary ranges from $72,800 to $89,800, with a midpoint of $81,500.

6. What is a good GPA for an actuary?

Actuarial Science recruiters consider GPA an important factor when evaluating candidates. A strong GPA, typically above 3.0, can enhance your prospects in a field where starting salaries range from $72,800 to $89,800. Highlighting a solid academic record can help you stand out in a competitive job market.