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Hourly Wage for Actuary V Salary in the United States

What is the hourly salary range of Actuary V?

As of September 01, 2026, the average hourly rate for an Actuary V in the United States is $79, which translates to an annual salary of about $164,970.

However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:

  • Top Earners (90th percentile): $86 per hour
  • Majority Range (25th-75th percentile): $76 to $83 per hour
  • Entry-Level (10th percentile): $73 per hour
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Actuary V Salaries

An Actuary V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Actuary V Salaries?

Experience is a primary driver of an Actuary V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Actuary III (4-7 years): $105,812
  • Actuary IV (7+ years): $140,844
  • Actuary V (7-10 years): $164,970
  • Actuarial Fellow (10-12 years): $182,435
  • Actuarial Services Manager (12+ years): $172,166
Job Role Years of Experience Average Salary
Actuary III4-7 years$105,812
Actuary IV7+ years$140,844
Actuary V7-10 years$164,970
Actuarial Fellow10-12 years$182,435
Actuarial Services Manager12+ years$172,166
View as Graph

How Do Actuary V Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Actuary Vs. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $182,655.
  • California: $181,962.
  • Massachusetts: $179,537.

Top Paying Cities for Actuary Vs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $208,077
  • San Francisco: $205,798
  • Oakland: $201,461

What Skills Can Increase an Actuary V's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 9.72% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • Underwriting (Mentioned in 2.35% Job Postings): Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
  • Collective Bargaining (Mentioned in 1.15% Job Postings): 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).
Skills Demand Percentage
Analysis 9.72%
Underwriting 2.35%
Collective Bargaining 1.15%
See More Skills

What skills can make your compensation higher?

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on an Actuary V's salary.

  • Time Management: Can increase your salary by up to 16%.
  • Teamwork: Can increase your salary by up to 16%.
  • Consulting: Can increase your salary by up to 16%.
Skill Salary Salary % Increase
Time Management $191,365
16%
Teamwork $191,365
16%
Consulting $191,365
16%
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Actuary V Salary by Company Size: Startups vs. Enterprise

Actuary V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $184,361. While startup companies pay approximate $155,950.

Actuary V Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $155,950
Growth Stage 51~500 $164,933
Established 501~5000 $178,024
Enterprise 5000+ $184,361

Actuary V Salary by Industry: Top Paying Sectors

For Actuary V roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Healthcare sectors offer the strongest compensation, at 20% above the average. In contrast, Actuary positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Actuary V as a support function rather than a direct revenue driver.

The top paying industries for an Actuary V

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Energy & Utilities$197,964$95.020%
Healthcare$189,715$91.015%
Biotechnology$181,467$87.010%
Financial Services$181,467$87.010%
Internet$181,467$87.010%

How Education impacts an Actuary V's Salary?

Your level of education can impact your salary potential. While many Actuary V enter the field with a Bachelor's Degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Actuary V with a Bachelor's Degree is between $155,491 and $164,602.

Actuary V Salaries by Degree Level

Typical Education for Actuary V
Degree Level % of user with this level of education
No Diploma 4.8%
High School 4.8%
Associates 1.9%
Bachelors 49.5%
Masters 38.1%
Doctorate 5.7%
View as Graph

Actuary V Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Actuary V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on September 01, 2026
$157,732
Average $164,970/year
$172,516
$13,144
Average $13,748/month
$14,376
$3,033
Average $3,173/week
$3,318
$76
Average $79/hour
$83
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $172,516 $14,376 $3,318 $83
Average $164,970 $13,748 $3,173 $79
25th Percentile $157,732 $13,144 $3,033 $76

Most common benefits for Actuary V

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Actuary V

Here are companies hiring for Actuary V and their salaries, click below for more details.

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FAQ about Actuary V

1. What are the responsibilities of Actuary V?

Analyzes statistical data and applies mathematical models to assess risk, price insurance products, and support the financial soundness of the organization. Develops and maintains actuarial models to estimate reserves, premiums, and liabilities across lines of business. Evaluates the probability and financial impact of future events such as claims, mortality, morbidity, and policyholder behavior. Prepares actuarial reports, rate filings, and reserve analyses to support pricing, regulatory, and financial reporting requirements. Collaborates with underwriting, finance, and product teams to inform strategy and ensure adequate risk management. Monitors emerging trends, legislation, and industry developments that affect actuarial assumptions and outcomes. Requires a bachelor's degree. Requires Associate of Society of Actuaries (ASA). Typically reports to a manager. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience.

2. What are the skills of Actuary V

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.

1.)

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.)

Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

3.)

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).

Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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