As of December 01, 2024, the average annual pay of Actuary III in Schaumburg, IL is $119,200. While Salary.com is seeing that the highest pay for Actuary III in Schaumburg, IL can go up to $143,117 and the lowest down to $96,792, but most earn between $107,471 and $131,719. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Actuary III in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $126,897 | $10,575 | $2,440 | $61 |
| Average | $114,836 | $9,570 | $2,208 | $55 |
| 25th Percentile | $103,536 | $8,628 | $1,991 | $50 |
An entry-level Actuary III with under 1 year experience makes about $113,375. With less than 2 years of experience, a mid-level Actuary III makes around $114,246. After 2-4 years, the Actuary III pay rises to about $115,988. Those senior Actuary III with 5-8 years of experience earn roughly $122,319, and those Actuary III having 8 years or more experience are expected to earn about $125,665 on average.
| Levels | Salary |
|---|---|
| Entry Level Actuary III | $113,375 |
| Intermediate Level Actuary III | $114,246 |
| Senior Level Actuary III | $115,988 |
| Specialist Level Actuary III | $122,319 |
| Expert Level Actuary III | $125,665 |
| Entry Level | 1% |
| Mid Level | 1% |
| Senior Level | 1% |
| Top Level | 7% |
| Experienced | 9% |
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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
|
$129,928 |
9%
|
|
Coaching
|
$128,736 |
8%
|
|
Teamwork
|
$125,160 |
5%
|
|
Project Management
|
$123,968 |
4%
|
|
Listening
|
$122,776 |
3%
|
|
Leadership
|
$122,776 |
3%
|
