As of August 01, 2026, the average salary for an Actuary Consultant III in the United States is $105,833 per year, which breaks down to an hourly rate of $51.
However, an Actuary Consultant III's salary can vary significantly. Here’s a look at the typical salary range:
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An Actuary Consultant III'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 III'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 |
| Actuarial Analyst II | 2-4 years | $90,099 |
| Actuary Consultant 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 IIIs. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 9.3% |
| SQL | 2.26% |
| Collective Bargaining | 1.24% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
ISO
|
$115,358 |
9%
|
|
Coaching
|
$114,300 |
8%
|
|
Teamwork
|
$111,125 |
5%
|
|
Project Management
|
$110,066 |
4%
|
|
Listening
|
$109,008 |
3%
|
|
Leadership
|
$109,008 |
3%
|
Actuary Consultant III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $118,474. While startup companies pay approximate $100,226.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $100,226 |
| Growth Stage | 51~500 | $106,001 |
| Established | 501~5000 | $114,408 |
| Enterprise | 5000+ | $118,474 |
For Actuary Consultant III roles, the industry you choose can affect earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 10% above the average. In contrast, Actuary Consultant positions in Transportation or Telecom typically offer lower base pay, as these industries often view Actuary Consultant III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $116,416 | $56.0 | 10% |
Your level of education can impact your salary potential. While many Actuary Consultant IIIs 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 III with a Associate's Degree is between $108,697 and $114,950).
Actuary Consultant III Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 2.7% |
| High School | 1.4% |
| Associates | 1.4% |
| Bachelors | 60.3% |
| Masters | 34.2% |
| Doctorate | 1.4% |
Understanding how an Actuary Consultant III'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, 2026For an Actuary Consultant III, the most direct path to higher earnings is advancing to the Actuarial Analyst IV role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $140,900 - a projected growth of 33% over your current level.
Salaries for an Actuary Consultant III can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $108,352 in 2023 to around $107,570 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Actuary Consultant III salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $108,352 |
| 2024 | $108,755 |
| 2025 | $107,570 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Aerospace & Defense industry offers the highest average compensation for Actuary Consultant III roles, with salaries approximately 10% above the market median.
Far from being replaced, actuaries and underwriters can add significantly more value by embracing and leveraging AI, allowing them to analyze complex data, communicate more effectively, and build new tools that would have been impossible five years ago. With salaries ranging from $103,813 to $127,233, the profession remains vital and evolving.
Once an actuary has passed all exams and gained 6-7 years of experience, a salary between $115,143 and $127,233 is typical. With 20+ years of experience, some actuaries can indeed reach salaries of $500,000 or more, especially in senior roles or specialized fields.
The salary progression for actuarial consulting shows that entry-level actuaries can expect a starting salary around $103,813. As they gain experience and credentials, mid-level actuaries typically earn around $115,143, while those at the senior level can see salaries reaching up to $127,233.
Will actuaries be replaced by AI? It is very unlikely. At Legal and General, we value the human touch in our work. As leaders in the insurance and financial services industry, we are committed to inclusivity, diversity, innovation, and continuous learning. With salaries ranging from $103,813 to $127,233, the profession remains vital and rewarding.
McKinsey actuarial consultants earn between $103,813 and $127,233 annually, with a mid-salary of $115,143. This reflects a competitive compensation structure, aligning with industry standards for actuarial roles.
The highest paid actuary roles include positions like 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 a standard Actuary Consultant, salaries typically range from $103,813 to $127,233, with a mid-salary of $115,143.
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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