As of November 01, 2024, the average annual pay of Chief Actuarial Officer in the United States is $357,390. While Salary.com is seeing that Chief Actuarial Officer salary in the US can go up to $476,373 or down to $261,027, but most earn between $306,950 and $419,670. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Chief Actuarial Officer in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $419,670 | $34,973 | $8,071 | $202 |
| Average | $357,390 | $29,783 | $6,873 | $172 |
| 25th Percentile | $306,950 | $25,579 | $5,903 | $148 |
As of November 01, 2024, Salary.com is seeing that an entry-level Chief Actuarial Officer with under 1 year experience makes about $325,717. With less than 2 years of experience, a mid-level Chief Actuarial Officer makes around $330,223. After 2-4 years, the Chief Actuarial Officer pay rises to about $336,232. Those senior Chief Actuarial Officer with 5-8 years of experience earn roughly $345,244, and those Chief Actuarial Officer having 8 years or more experience is expected to earn about $356,510 on average.
| Levels | Salary |
|---|---|
| Entry Level Chief Actuarial Officer | $325,717 |
| Intermediate Level Chief Actuarial Officer | $330,223 |
| Senior Level Chief Actuarial Officer | $336,232 |
| Specialist Level Chief Actuarial Officer | $345,244 |
| Expert Level Chief Actuarial Officer | $356,510 |
| Entry Level | 9% |
| Mid Level | 8% |
| Senior Level | 6% |
| Top Level | 3% |
| Experienced | 0% |
Salaries in the United States can vary significantly from state to state due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of November 01, 2024, the average yearly salary of Chief Actuarial Officer is $394,210 in California and in Massachusetts, the average annual salary goes to $388,840. While in New Jersey, a Chief Actuarial Officer earns $391,700 per year.
What Am I Worth?
Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.
For example, as of November 01, 2024, the average yearly salary of Chief Actuarial Officer in San Francisco, CA is $446,740 and in New York, NY, the average annual salary goes to $417,440. While a Chief Actuarial Officer earns $400,640 per year in Boston, MA.
For those exploring the changing dynamics of Chief Actuarial Officer salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of November 01, 2024, our research highlights a notable shift in Chief Actuarial Officer compensation over the past six years. For instance, the median salary has moved from $229,984 in 2023 to about $229,746 in 2024 (for a comprehensive analysis of Chief Actuarial Officer salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.
Salary.com job board provides millions of Chief Actuarial Officer information for you to search for. Click on search button below to see Chief Actuarial Officer job openings or enter a new job title here.
Here are companies hiring for Chief Actuarial Officer and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $357,390 | 59.3% | ||
| Bonus | $126,210 | 20.9% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $17,465 | 2.9% | ||
| 401K/403B | $10,500 | 1.7% | ||
| Disability | $9,672 | 1.6% | ||
| Healthcare | $8,352 | 1.4% | ||
| Pension | $13,500 | 2.2% | ||
| Time Off | $59,520 | 9.9% | ||
| Total Compensation | $602,610 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| Bachelors | 61.5% |
| Masters | 26.9% |
| Doctorate | 11.5% |
What Am I Worth?
The average annual salary of Chief Actuarial Officer is $357,390. In case you are finding an easy salary calculator, the average hourly pay of Chief Actuarial Officer is $172; the average weekly pay of Chief Actuarial Officer is $6,873; the average monthly pay of Chief Actuarial Officer is $29,783.
A Chief Actuarial Officer's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Chief Actuarial Officer earns the most in San Jose, CA, where the annual salary of a Chief Actuarial Officer is $448,530.
The highest pay for Chief Actuarial Officer is $476,373.
The lowest pay for Chief Actuarial Officer is $261,027.
The Chief Actuarial Officer is responsible for the development of formulas to predict and measure gains and losses in insurance plans. Oversees all aspects of an organization's actuarial function. Being a Chief Actuarial Officer typically reports to top management. Requires a bachelor's degree. The Chief Actuarial Officer manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Comprehensive knowledge of the overall departmental function. Working as a Chief Actuarial Officer typically requires 8+ years of managerial experience.
