As of May 01, 2026, the average salary for an Actuary Consultant I in the United States is $80,823 per year, which breaks down to an hourly rate of $39.
However, an Actuary Consultant I's salary can vary significantly. Here’s a look at the typical salary range:
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An Actuary Consultant I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of an Actuary Consultant I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Actuary Consultant I | 0-2 years | $80,808 |
| Actuarial Analyst II | 2-4 years | $90,099 |
| Actuarial Analyst III | 4-7 years | $105,811 |
| Actuarial Analyst IV | 7+ years | $140,802 |
| Actuarial Analyst V | 7-10 years | $164,950 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Actuary Consultant Is. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 9.91% |
| Economics | 2.2% |
| Collective Bargaining | 1.06% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
SAS/SQL
|
$86,481 |
7%
|
|
Time Management
|
$85,672 |
6%
|
|
Coaching
|
$85,672 |
6%
|
|
Communication Skills
|
$83,248 |
3%
|
|
Reinsurance
|
$83,248 |
3%
|
|
Products and Services
|
$83,248 |
3%
|
Your level of education can impact your salary potential. While many Actuary Consultant Is enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for an Actuary Consultant I with a Associate's Degree is between $75,189 and $80,149).
Actuary Consultant I Salaries by Degree Level
| 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% |
Understanding how an Actuary Consultant I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 01, 2026For an Actuary Consultant I, the most direct path to higher earnings is advancing to the Actuarial Analyst II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $90,100 - a projected growth of 11% over your current level.
Salaries for an Actuary Consultant I can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $75,691 in 2023 to around $74,763 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Actuary Consultant I salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $75,691 |
| 2024 | $75,756 |
| 2025 | $74,763 |
| 2026 |
View More
|
| 2027 |
View More
|
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Experienced actuaries can earn competitive salaries, with a range from approximately $72,803 to $89,813. While many actuaries reach six figures, top-level positions, such as Chief Risk Officers, can exceed $300K. The demand for actuaries remains strong as companies require expertise in risk management.
As of now, the salary range for an Actuary Consultant is between $72,803 and $89,813 annually, with a mid-salary of $81,433. This translates to an hourly rate of approximately $34.98 to $43.19, or about $1,400 to $1,700 per week.
McKinsey actuarial consultants earn between $72,803 and $89,813 annually, with a mid-salary of $81,433. This reflects a competitive compensation structure, aligning with industry standards for actuarial roles.
Yes, an actuary can be a consultant, with about 16% of active CAS members working in this field. Consulting firms vary in size, from large global companies to independent actuaries. Salary data for actuary consultants shows a minimum of $72,803, a mid-range of $81,433, and a maximum of $89,813, reflecting the diverse opportunities available.
It's never too late to become an actuary! Many professionals start their careers in this field later in life. With dedication and the right education, you can succeed. Additionally, actuaries enjoy competitive salaries, with entry-level positions starting around $72,803, and experienced consultants earning up to $89,813. Your age can be an asset in this analytical profession.
While entry-level actuary consultants earn between $72,803 and $89,813, those with 6-7 years of experience can expect salaries ranging from $81,433 to $89,813. With over 20 years of experience, some actuaries can indeed reach salaries of $500,000 or more, especially in senior roles or specialized fields.
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.)
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