As of April 01, 2025, the average annual salary for an Actuary III in Chicago, IL is $108,711. According to Salary.com, salaries can range from a low of $90,607 to a high of $125,991, with most professionals earning between $99,234 and $117,756.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $117,756 | $9,813 | $2,265 | $57 |
| Average | $108,711 | $9,059 | $2,091 | $52 |
| 25th Percentile | $99,234 | $8,270 | $1,908 | $48 |
An entry-level Actuary III with under 1 year experience makes about $104,467. With less than 2 years of experience, a mid-level Actuary III makes around $105,175. After 2-4 years, the Actuary III pay rises to about $106,589. Those senior Actuary III with 5-8 years of experience earn roughly $111,411, and those Actuary III having 8 years or more experience are expected to earn about $113,841 on average.
| Levels | Salary |
|---|---|
| Entry Level Actuary III | $104,467 |
| Intermediate Level Actuary III | $105,175 |
| Senior Level Actuary III | $106,589 |
| Specialist Level Actuary III | $111,411 |
| Expert Level Actuary III | $113,841 |
| Entry Level | 1% |
| Mid Level | 0% |
| Senior Level | 1% |
| Top Level | 6% |
| Experienced | 8% |
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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.
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.
| Skill | Salary | Demand |
|---|---|---|
|
ISO
|
$118,495 |
9%
|
|
Coaching
|
$117,407 |
8%
|
|
Teamwork
|
$114,146 |
5%
|
|
Project Management
|
$113,059 |
4%
|
|
Listening
|
$111,972 |
3%
|
|
Leadership
|
$111,972 |
3%
|
