As of August 01, 2026, the average salary for an Actuary Consultant I in the United States is $80,843 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 | $80,828 |
| Actuarial Analyst II | 2-4 years | $90,099 |
| Actuarial Analyst III | 4-7 years | $105,812 |
| Actuarial Analyst IV | 7+ years | $140,833 |
| Actuarial Analyst V | 7-10 years | $164,965 |
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
|
$86,502 |
7%
|
|
Time Management
|
$85,694 |
6%
|
|
Coaching
|
$85,694 |
6%
|
|
Communication Skills
|
$83,268 |
3%
|
|
Reinsurance
|
$83,268 |
3%
|
|
Products and Services
|
$83,268 |
3%
|
Actuary Consultant I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $90,499. While startup companies pay approximate $76,560.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $76,560 |
| Growth Stage | 51~500 | $80,971 |
| Established | 501~5000 | $87,393 |
| Enterprise | 5000+ | $90,499 |
For Actuary Consultant I roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Pharmaceuticals sectors offer the strongest compensation, at 40% above the average. In contrast, Actuary Consultant positions in Edu., Gov't. & Nonprofit or Hospitality & Leisure typically offer lower base pay, as these industries often view Actuary Consultant I as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $113,180 | $54.0 | 40% |
| Pharmaceuticals | $105,096 | $51.0 | 30% |
| Software & Networking | $101,054 | $49.0 | 25% |
| Aerospace & Defense | $92,969 | $45.0 | 15% |
| Energy & Utilities | $88,927 | $43.0 | 10% |
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 August 01, 2026Promotions are the fastest way to increase your earnings. As an Actuary Consultant I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Actuarial Analyst II | $90,100 | 11% |
| Actuarial Operations Assistant II | $88,900 | 10% |
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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The Financial Services industry offers the highest average compensation for Actuary Consultant I roles, with salaries approximately 40% above the market median.
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.
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