As of August 01, 2026, the average salary for an Actuary Consultant II in the United States is $90,089 per year, which breaks down to an hourly rate of $43.
However, an Actuary Consultant II's salary can vary significantly. Here’s a look at the typical salary range:
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An Actuary Consultant II'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 II'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 |
|---|---|---|
| Actuarial Analyst I | 0-2 years | $80,828 |
| Actuary Consultant 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 IIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 9.58% |
| Economics | 2.26% |
| Collective Bargaining | 1.45% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Coaching
|
$94,593 |
5%
|
|
Data Science
|
$94,593 |
5%
|
|
Consulting
|
$92,792 |
3%
|
|
Collaboration
|
$91,891 |
2%
|
|
Project Management
|
$91,891 |
2%
|
|
Reinsurance
|
$91,891 |
2%
|
Actuary Consultant II salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $100,849. While startup companies pay approximate $85,316.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $85,316 |
| Growth Stage | 51~500 | $90,232 |
| Established | 501~5000 | $97,388 |
| Enterprise | 5000+ | $100,849 |
For Actuary Consultant II roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Internet sectors offer the strongest compensation, at 20% above the average. In contrast, Actuary Consultant positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Actuary Consultant II as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $108,107 | $52.0 | 20% |
| Internet | $103,602 | $50.0 | 15% |
| Energy & Utilities | $99,098 | $48.0 | 10% |
| Insurance | $97,296 | $47.0 | 8% |
| Aerospace & Defense | $96,395 | $46.0 | 7% |
Your level of education can impact your salary potential. While many Actuary Consultant IIs 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 II with a Associate's Degree is between $86,964 and $91,675).
Actuary Consultant II Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 9.0% |
| High School | 9.0% |
| Associates | 2.6% |
| Bachelors | 47.4% |
| Masters | 37.2% |
| Doctorate | 3.8% |
Understanding how an Actuary Consultant II'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 II, 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 III | $105,900 | 18% |
| Actuarial Operations Assistant III | $97,800 | 9% |
Salaries for an Actuary Consultant II can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $88,286 in 2023 to around $88,772 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Actuary Consultant II salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $88,286 |
| 2024 | $89,264 |
| 2025 | $88,772 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Financial Services industry offers the highest average compensation for Actuary Consultant II roles, with salaries approximately 20% above the market median.
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). In comparison, a standard Actuary Consultant earns between $83,414 and $101,340 annually, with a mid-salary of $91,860.
While entry-level actuary consultants earn between $83,414 and $101,340, those with significant experience can earn much more. After passing all exams and accumulating 6-7 years of experience, salaries typically range from $91,860 to $101,340. With over 20 years in the field, some actuaries can indeed reach salaries of $500,000 or more.
So, Can Actuaries Be Millionaires? Yes, and many already are. With salaries ranging from $83,414 to $101,340, actuaries can achieve financial success through their earnings, smart investments, and side hustles. Their expertise in risk management positions them well to reach that millionaire milestone.
While the average salary for an Actuary Consultant ranges from $83,414 to $101,340, reaching a salary of $200,000 is possible but typically requires significant experience, a consulting role, or an executive position. Many actuaries who achieve this level of compensation have advanced skills and responsibilities.
McKinsey actuarial consultants typically earn between $83,414 and $101,340 annually, with a mid-salary of around $91,860. This range reflects the competitive nature of the industry, although it may vary based on experience and location.
Experienced actuaries can earn between $83,414 and $101,340 annually, with many reaching six figures. While top-level positions may exceed $200K, roles like Chief Risk Officers can potentially reach $300K or more. The demand for actuaries remains strong as companies seek expertise in risk management.
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