As of April 01, 2025, the average annual salary for an Actuary III in Farmington, MI is $104,755. According to Salary.com, salaries can range from a low of $87,310 to a high of $121,407, with most professionals earning between $95,624 and $113,471.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $113,950 | $9,496 | $2,191 | $55 |
| Average | $105,197 | $8,766 | $2,023 | $51 |
| 25th Percentile | $96,027 | $8,002 | $1,847 | $46 |
An entry-level Actuary III with under 1 year experience makes about $100,666. With less than 2 years of experience, a mid-level Actuary III makes around $101,348. After 2-4 years, the Actuary III pay rises to about $102,711. Those senior Actuary III with 5-8 years of experience earn roughly $107,357, and those Actuary III having 8 years or more experience are expected to earn about $109,699 on average.
| Levels | Salary |
|---|---|
| Entry Level Actuary III | $100,666 |
| Intermediate Level Actuary III | $101,348 |
| Senior Level Actuary III | $102,711 |
| Specialist Level Actuary III | $107,357 |
| Expert Level Actuary III | $109,699 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 2% |
| Top Level | 2% |
| Experienced | 4% |
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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
|
$114,183 |
9%
|
|
Coaching
|
$113,136 |
8%
|
|
Teamwork
|
$109,993 |
5%
|
|
Project Management
|
$108,945 |
4%
|
|
Listening
|
$107,898 |
3%
|
|
Leadership
|
$107,898 |
3%
|
