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How much does an Actuarial Analyst I make?

As of February 01, 2025, the average annual salary for an Actuarial Analyst I in the United States is $81,700. According to Salary.com, salaries can range from a low of $65,079 to a high of $97,748, with most professionals earning between $73,000 and $90,100.

Actuarial Analyst I Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $90,100 $7,508 $1,733 $43
Average $81,700 $6,808 $1,571 $39
25th Percentile $73,000 $6,083 $1,404 $35

Average Salary

25% $73,000 10% $65,079 90% $97,748 75% $90,100 $81,700 50%(Median) Didn’t find job title? Click
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How much does an Actuarial Analyst I make by hour, week, month, and year?

Salary.com provides you with accurate and diversified Actuarial Analyst I salary data based on specialized databases to help you get a fairer salary. The average annual pay for an Actuarial Analyst I is about $81,700 a year, this translates to an approximate hourly rate of $39, a monthly salary of about $6,808, and a weekly pay of around $1,571 . Click the switch button below to see more details about Actuarial Analyst I hourly pay, weekly pay, monthly pay, and so on.

Last Updated on February 01, 2025
Last Updated on February 01, 2025

How Does Experience Level Affect an Actuarial Analyst I's Salary?

An entry-level Actuarial Analyst I with less than 1 year of experience earns about $80,166. With 1-2 years of experience, the average salary increases to $81,051. For 2-4 years of experience, the pay typically rises to $82,931. Senior-level professionals with 5-8 years of experience earn around $83,307, and those with over 8 years of experience can expect an average of $83,558.

Levels Salary
Entry Level Actuarial Analyst I $80,166
Intermediate Level Actuarial Analyst I $81,051
Senior Level Actuarial Analyst I $82,931
Specialist Level Actuarial Analyst I $83,307
Expert Level Actuarial Analyst I $83,558
$80,166 0 yr
$81,051 < 2 yrs
$82,931 2-4 yrs
$83,307 5-8 yrs
$83,558 > 8 yrs
Last Updated on February 01, 2025
Entry Level 2%
Mid Level 1%
Senior Level 2%
Top Level 2%
Experienced 2%
View as graph
Last Updated on February 01, 2025

How much does salary of Actuarial Analyst I vary from city to city?

Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.

For example, as of February 01, 2025:
  • In San Francisco, CA, the average yearly salary for an Actuarial Analyst I is $102,100.
  • In New York, NY, the average annual salary is $95,400.
  • In Boston, MA, an Actuarial Analyst I earns $91,500 per year.

What is the salary trend of Actuarial Analyst I?

As of February 01, 2025, our research reveals a significant shift in Actuarial Analyst I compensation over the past six years. For example, the median salary increased from $75,691 in 2023 to approximately $75,756 in 2024. (For a detailed analysis of Actuarial Analyst I salary trends, click here.)

Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.

Average Annual Salary of Actuarial Analyst I Over Time

2020
$???
2021
$???
2022
$???
$75,691
2023
$75,756
2024
$74,763
2025
2026
$???
Last Updated on February 01, 2025
2020
$???
2021
$???
2022
$???
2023
$75,691
2024
$75,756
2025
$74,763
2026
$???
Last Updated on February 01, 2025

Actuarial Analyst I Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $75,691
2024 $75,756
2025 $74,763
2026 View More
Last Updated on February 01, 2025

Job Openings of Actuarial Analyst I

Salary.com job board provides millions of Actuarial Analyst I information for you to search for. Click on search button below to see Actuarial Analyst I job openings or enter a new job title here.

Based on HR-reported data: a national average with a geographic differential
Base Salary 68.1%
Bonuses 2.7%
Social Security 5.4%
401k/403b 3.0%
Disability 1.4%
Healthcare 7.0%
Pension 3.8%
Time Off 8.7%
Core Compensation
Core Compensation Median % of Total
Base Salary $81,700 68.1%
Bonus $3,200 2.7%
Value of Benefits
Core Compensation Median % of Total
Social Security $6,495 5.4%
401K/403B $3,566 3.0%
Disability $1,698 1.4%
Healthcare $8,352 7.0%
Pension $4,585 3.8%
Time Off $10,449 8.7%
Total Compensation $120,045 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on February 01, 2025

What are the salaries of an Actuarial Analyst I with different levels of education?

Salaries for Actuarial Analyst I with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for an Actuarial Analyst I with a Associate's Degree is $75,199 - $80,146. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Actuarial Analyst I Salaries by Degree Level

Last Updated on February 01, 2025
Typical Education for Actuarial Analyst I
Degree Level % of user with this level of education
No Diploma 0.7%
High School 8.9%
Associates 3.9%
Bachelors 64.0%
Masters 20.5%
Doctorate 2.1%
Typical Education for Actuarial Analyst I
No Diploma 0.7%
High School 8.9%
Associates 3.9%
Bachelors 64.0%
Masters 20.5%
Doctorate 2.1%
view as table

Actuarial Analyst I Salaries by Degree Level

Last Updated on February 01, 2025

What Am I Worth?

FAQ about Actuarial Analyst I

1. What is the average salary of an Actuarial Analyst I?

The average annual salary of Actuarial Analyst I is $81,700. In case you are finding an easy salary calculator, the average hourly pay of Actuarial Analyst I is $39; the average weekly pay of Actuarial Analyst I is $1,571; the average monthly pay of Actuarial Analyst I is $6,808.

2. Where can an Actuarial Analyst I earn the most?

An Actuarial Analyst I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Actuarial Analyst I earns the most in San Jose, CA, where the annual salary of an Actuarial Analyst I is $102,500.

3. What is the highest pay for Actuarial Analyst I?

The highest pay for Actuarial Analyst I is $97,748.

4. What is the lowest pay for Actuarial Analyst I?

The lowest pay for Actuarial Analyst I is $65,079.

5. What are the responsibilities of Actuarial Analyst I?

The Actuarial Analyst I applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Conducts analysis, pricing and risk assessment to estimate financial outcomes. Being an Actuarial Analyst I typically requires a bachelor's degree. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. In addition, Actuarial Analyst I typically reports to a supervisor or manager. Being an Actuarial Analyst I works on projects/matters of limited complexity in a support role. Work is closely managed. Working as an Actuarial Analyst I typically requires 0-2 years of related experience.

6. What are the skills of Actuarial Analyst I

Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.)

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.)

Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

3.)

Collective Bargaining: Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs. The union may negotiate with a single employer (who is typically representing a company's shareholders) or may negotiate with a group of businesses, depending on the country, to reach an industry-wide agreement. A collective agreement functions as a labour contract between an employer and one or more unions. Collective bargaining consists of the process of negotiation between representatives of a union and employers (generally represented by management, or, in some countries such as Austria, Sweden and the Netherlands, by an employers' organization) in respect of the terms and conditions of employment of employees, such as wages, hours of work, working conditions, grievance procedures, and about the rights and responsibilities of trade unions. The parties often refer to the result of the negotiation as a collective bargaining agreement (CBA) or as a collective employment agreement (CEA).

About Our Data

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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The average salary for an Actuarial Analyst I is $81,700 per year in the United States, updated at February 01, 2025.
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