The salary of an Actuary III in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of March 01, 2025, the average annual salary for an Actuary III in the United States is $115,694. According to Salary.com, salaries can range from a low of $93,948 to a high of $138,907, with most professionals earning between $104,311 and $127,845.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $127,845 | $10,654 | $2,459 | $61 |
| Average | $115,694 | $9,641 | $2,225 | $56 |
| 25th Percentile | $104,311 | $8,693 | $2,006 | $50 |
An entry-level Actuary III with less than 1 year of experience earns about $109,224. With 1-2 years of experience, the average salary increases to $110,064. For 2-4 years of experience, the pay typically rises to $111,742. Senior-level professionals with 5-8 years of experience earn around $117,841, and those with over 8 years of experience can expect an average of $121,064.
| Levels | Salary |
|---|---|
| Entry Level Actuary III | $109,224 |
| Intermediate Level Actuary III | $110,064 |
| Senior Level Actuary III | $111,742 |
| Specialist Level Actuary III | $117,841 |
| Expert Level Actuary III | $121,064 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 5% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of March 01, 2025, our research reveals a significant shift in Actuary III compensation over the past six years. For example, the median salary increased from $108,352 in 2023 to approximately $108,755 in 2024. (For a detailed analysis of Actuary III salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Actuary III information for you to search for. Click on search button below to see Actuary III job openings or enter a new job title here.
Here are companies hiring for Actuary III and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $115,694 | 67.8% | ||
| Bonus | $7,601 | 4.5% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $9,432 | 5.5% | ||
| 401K/403B | $5,178 | 3.0% | ||
| Disability | $2,466 | 1.4% | ||
| Healthcare | $8,352 | 4.9% | ||
| Pension | $6,658 | 3.9% | ||
| Time Off | $15,175 | 8.9% | ||
| Total Compensation | $170,555 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 2.7% |
| Associates | 1.4% |
| Bachelors | 60.3% |
| Masters | 34.2% |
| Doctorate | 1.4% |
What Am I Worth?
The average annual salary of Actuary III is $115,694. In case you are finding an easy salary calculator, the average hourly pay of Actuary III is $56; the average weekly pay of Actuary III is $2,225; the average monthly pay of Actuary III is $9,641.
An Actuary III'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 Actuary III earns the most in San Jose, CA, where the annual salary of an Actuary III is $145,196.
The highest pay for Actuary III is $138,907.
The lowest pay for Actuary III is $93,948.
Actuary III 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. Being an Actuary III 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. Additionally, Actuary III 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. Typically reports to a manager. The Actuary III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Actuary III typically requires 4-7 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
Programming: Executing logic to facilitate computing operations and functionality in one or more languages.
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.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
