As of August 01, 2026, the average salary for an Insurance Actuary Manager in New Mexico is $159,450 per year, which breaks down to an hourly rate of $77.
However, an Insurance Actuary Manager's salary can vary significantly. Here’s a look at the typical salary range:
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An Insurance Actuary Manager'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, and company size can directly affect your earning potential.
Experience is a primary driver of an Insurance Actuary Manager'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 V | 7-10 years | $152,791 |
| Chief Consulting Actuary | 10-12 years | $168,971 |
| Insurance Actuary Manager | 12+ years | $159,447 |
| Actuarial Operations Senior Manager | 12+ years | $209,585 |
| Actuarial Operations Director | 12+ years | $221,133 |
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 Insurance Actuary Managers. For example, consider the average annual salaries in these key locations:
Insurance Actuary Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $178,495. While startup companies pay approximate $151,003.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $151,003 |
| Growth Stage | 51~500 | $159,703 |
| Established | 501~5000 | $172,369 |
| Enterprise | 5000+ | $178,495 |
For Insurance Actuary Manager roles, the industry you choose can affect earning potential by as much as 55% (the gap between the highest and lowest paying industries). Data shows that the Construction and Insurance sectors offer the strongest compensation, at 25% above the average. In contrast, Insurance Actuary Manager positions in Internet or Chemicals typically offer lower base pay, as these industries often view Insurance Actuary Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Construction | $199,312 | $96.0 | 25% |
| Insurance | $191,340 | $92.0 | 20% |
| Aerospace & Defense | $183,368 | $88.0 | 15% |
| Pharmaceuticals | $178,584 | $86.0 | 12% |
| Energy & Utilities | $175,395 | $84.0 | 10% |
Understanding how an Insurance Actuary Manager'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 Insurance Actuary Manager, the most direct path to higher earnings is advancing to the Actuarial Operations Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $209,600 - a projected growth of 31% over your current level.
Ready to take the next step in your career? Browse thousands of current Insurance Actuary Manager job openings on our job board. Use the search bar below to find your perfect match.
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