Hourly Wage for Insurance Actuary II Salary in the United States

FAQ about Insurance Actuary II

1. What is the lowest paid actuary?

The lowest paid actuary typically earns a minimum salary of $83,480. Entry-level actuaries with 0–1 years of experience can expect to start around this figure, while mid-level actuaries with 5–10 years of experience earn significantly more, with salaries reaching up to $101,380.

2. What is the highest paid type of actuary?

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). For a standard Insurance Actuary, salaries range from $83,480 to $101,380, with a mid-salary of $91,880.

3. Is 30 too old to become an actuary?

It's never too late to become an actuary, even at 30. Many professionals transition into this field later in life. With dedication and the right qualifications, you can enjoy a rewarding career with competitive salaries ranging from approximately $83,480 to $101,380, depending on experience and location. Embrace the opportunity!

4. Can actuaries be millionaires?

So, Can Actuaries Be Millionaires? Yes, and many already are. With salaries ranging from $83,480 to $101,380, actuaries have the potential to accumulate wealth through smart investments and side hustles. Their financial acumen and earning potential can certainly help them reach that millionaire milestone.

5. Can you make 200K as an actuary?

While actuaries are well-compensated, with salaries ranging from $83,480 to $101,380, reaching a $200K salary is uncommon in this field. Most actuaries earn between $91,880 and $101,380, depending on experience and specialization. Higher salaries may be possible in senior roles or specialized sectors, but $200K is not typical.

6. Is actuary a stressful job?

No, being an actuary is not generally a stressful job. With a salary range from $83,480 to $101,380, actuaries enjoy good compensation while facing minimal stress. The role offers mental stimulation and daily challenges, making it a rewarding career with very few disadvantages in day-to-day work.