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How much does an Entry Level Actuary make?

As of December 01, 2024, the average annual pay of Entry Level Actuary in Akron, OH is $78,401. While Salary.com is seeing that Entry Level Actuary salary in Akron, OH can go up to $93,876 or down to $62,544, but most earn between $70,101 and $86,501. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Entry Level Actuary in the United States.

Entry Level Actuary Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $86,501 $7,208 $1,663 $42
Average $78,401 $6,533 $1,508 $38
25th Percentile $70,101 $5,842 $1,348 $34

Average Salary

25% $70,101 10% $62,544 90% $93,876 75% $86,501 $78,401 50%(Median) Didn’t find job title? Click
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Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Entry Level Actuary $77,361
Intermediate Level Entry Level Actuary $78,215
Senior Level Entry Level Actuary $80,030
Specialist Level Entry Level Actuary $80,393
Expert Level Entry Level Actuary $80,635
$77,361 0 yr
$78,215 < 2 yrs
$80,030 2-4 yrs
$80,393 5-8 yrs
$80,635 > 8 yrs
Last Updated on December 01, 2024
Entry Level 1%
Mid Level 0%
Senior Level 2%
Top Level 3%
Experienced 3%
View as graph
Last Updated on December 01, 2024

Job Openings of Entry Level Actuary

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Cost of Living In Akron, OH

Cost of Living in Akron , OH is
-6.3% Lower
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Entry Level Actuary

What skills does an Entry Level Actuary need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

3.

Collective Bargaining: Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs. The union may negotiate with a single employer (who is typically representing a company's shareholders) or may negotiate with a group of businesses, depending on the country, to reach an industry-wide agreement. A collective agreement functions as a labour contract between an employer and one or more unions. Collective bargaining consists of the process of negotiation between representatives of a union and employers (generally represented by management, or, in some countries such as Austria, Sweden and the Netherlands, by an employers' organization) in respect of the terms and conditions of employment of employees, such as wages, hours of work, working conditions, grievance procedures, and about the rights and responsibilities of trade unions. The parties often refer to the result of the negotiation as a collective bargaining agreement (CBA) or as a collective employment agreement (CEA).

Analysis 9.02%
Underwriting 2.04%
Collective Bargaining 0.96%
Others 87.98%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of an Entry Level Actuary higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master SAS/SQL, you can get a 7% salary raise. If you are good at Time Management, your salary will increase by 6%. If you are expert in Coaching, your salary will rise by 6%.
Skill Salary Demand
SAS/SQL
$83,889
7%
Time Management
$83,105
6%
Coaching
$83,105
6%
Communication Skills
$80,753
3%
Reinsurance
$80,753
3%
Products and Services
$80,753
3%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for an Entry Level Actuary is $78,401 per year in Akron, OH, updated at December 01, 2024.
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