As of May 01, 2026, the average salary for an Actuarial Fellow in the United States is $182,437 per year, which breaks down to an hourly rate of $88.
However, an Actuarial Fellow's salary can vary significantly. Here’s a look at the typical salary range:
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An Actuarial Fellow'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 Actuarial Fellow'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 |
|---|---|---|
| Actuary IV | 7+ years | $140,802 |
| Actuary V | 7-10 years | $164,950 |
| Actuarial Fellow | 10-12 years | $182,437 |
| Actuarial Services Manager | 12+ years | $172,110 |
| Actuarial Services Senior Manager | 12+ years | $226,163 |
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 Actuarial Fellows. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 8.72% |
| Financial Reporting | 1.41% |
| PowerPoint | 1.02% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Industry Knowledge
|
$218,924 |
20%
|
|
Coaching
|
$217,100 |
19%
|
|
Action Oriented
|
$213,451 |
17%
|
|
Use Cases
|
$211,627 |
16%
|
|
SQL
|
$207,978 |
14%
|
|
Consulting Management
|
$206,154 |
13%
|
Your level of education can impact your salary potential. While many Actuarial Fellows enter the field with a Bachelor'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 Actuarial Fellow with a Bachelor's Degree is between $175,629 and $184,865).
Actuarial Fellow Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 19.6% |
| High School | 19.6% |
| Associates | 8.7% |
| Bachelors | 41.3% |
| Masters | 26.1% |
| Doctorate | 4.3% |
Understanding how an Actuarial Fellow'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 May 01, 2026For an Actuarial Fellow, the most direct path to higher earnings is advancing to the Actuarial Services Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $172,110 - a projected growth of -6% over your current level.
Salaries for an Actuarial Fellow can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $128,747 in 2023 to around $129,422 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Actuarial Fellow salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $128,747 |
| 2024 | $131,242 |
| 2025 | $129,422 |
| 2026 |
View More
|
| 2027 |
View More
|
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An Actuarial Fellow'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, an Actuarial Fellow earns the most in San Jose, CA, where the annual salary of an Actuarial Fellow is $230,108.
The highest pay for Actuarial Fellow is $197,942.
The lowest pay for Actuarial Fellow is $159,718.
Utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Requires Fellow of Society of Actuaries (FSA). Typically reports to a manager. Typically requires 12+ years of related experience. Achievement and depth of knowledge of specialization or field is the main differentiator. Advisory role on complex and challenging projects and initiatives. Recognized for deep technical and industry knowledge and innovative thinking. Provides thought leadership and guidance to a functional area and the organization.
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.)
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