As of January 01, 2026, the average salary for an Actuary Consultant III in the United States is $105,823 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:
Compensation Planning
Develop a Job Description
Pay Equity
2025 Compensation Trend
Recruit with AI
AI Onboarding
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:
| Levels | Salary |
|---|---|
| Entry Level Actuary Consultant III | $102,212 |
| Intermediate Level Actuary Consultant III | $102,817 |
| Senior Level Actuary Consultant III | $104,027 |
| Specialist Level Actuary Consultant III | $108,756 |
| Expert Level Actuary Consultant III | $111,379 |
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
|
$115,347 |
9%
|
|
Coaching
|
$114,289 |
8%
|
|
Teamwork
|
$111,114 |
5%
|
|
Project Management
|
$110,056 |
4%
|
|
Listening
|
$108,998 |
3%
|
|
Leadership
|
$108,998 |
3%
|
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 January 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 $140,800 - 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
|
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation PlanningHere are companies hiring for Actuary Consultant III and their salaries, click below for more details.
Ready to take the next step in your career? Browse thousands of current Actuary Consultant III job openings on our job board. Use the search bar below to find your perfect match.
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
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.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
Salary.com's CompAnalyst platform offers:
