As of April 01, 2025, the average annual salary for an Actuary II in Rochester, MN is $89,844. Salary.com reports that pay typically ranges from $80,932 to $97,394, with most professionals earning between $72,818 and $104,268.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $97,394 | $8,116 | $1,873 | $47 |
| Average | $89,844 | $7,487 | $1,728 | $43 |
| 25th Percentile | $80,932 | $6,744 | $1,556 | $39 |
An entry-level Actuary II with under 1 year experience makes about $86,918. With less than 2 years of experience, a mid-level Actuary II makes around $87,184. After 2-4 years, the Actuary II pay rises to about $90,407. Those senior Actuary II with 5-8 years of experience earn roughly $93,563, and those Actuary II having 8 years or more experience are expected to earn about $93,788 on average.
| Levels | Salary |
|---|---|
| Entry Level Actuary II | $86,918 |
| Intermediate Level Actuary II | $87,184 |
| Senior Level Actuary II | $90,407 |
| Specialist Level Actuary II | $93,563 |
| Expert Level Actuary II | $93,788 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 1% |
| Top Level | 4% |
| Experienced | 5% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Health Care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.
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).
| Skill | Salary | Demand |
|---|---|---|
|
Coaching
|
$94,336 |
5%
|
|
Data Science
|
$94,336 |
5%
|
|
Consulting
|
$92,539 |
3%
|
|
Collaboration
|
$91,641 |
2%
|
|
Project Management
|
$91,641 |
2%
|
|
Reinsurance
|
$91,641 |
2%
|
