The salary of an Actuary V 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 V in the United States is $164,373. Salary.com reports that pay typically ranges from $147,265 to $180,009, with most professionals earning between $131,689 and $194,244.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $180,009 | $15,001 | $3,462 | $87 |
| Average | $164,373 | $13,698 | $3,161 | $79 |
| 25th Percentile | $147,265 | $12,272 | $2,832 | $71 |
An entry-level Actuary V with less than 1 year of experience earns about $155,491. With 1-2 years of experience, the average salary increases to $156,751. For 2-4 years of experience, the pay typically rises to $157,255. Senior-level professionals with 5-8 years of experience earn around $159,776, and those with over 8 years of experience can expect an average of $167,368.
| Levels | Salary |
|---|---|
| Entry Level Actuary V | $155,491 |
| Intermediate Level Actuary V | $156,751 |
| Senior Level Actuary V | $157,255 |
| Specialist Level Actuary V | $159,776 |
| Expert Level Actuary V | $167,368 |
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 3% |
| Experienced | 2% |
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 V compensation over the past six years. For example, the median salary increased from $157,599 in 2023 to approximately $156,985 in 2024. (For a detailed analysis of Actuary V 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 V information for you to search for. Click on search button below to see Actuary V job openings or enter a new job title here.
Here are companies hiring for Actuary V and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $164,373 | 66.4% | ||
| Bonus | $18,230 | 7.4% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $13,101 | 5.3% | ||
| 401K/403B | $7,669 | 3.1% | ||
| Disability | $3,652 | 1.5% | ||
| Healthcare | $8,352 | 3.4% | ||
| Pension | $9,861 | 4.0% | ||
| Time Off | $22,474 | 9.1% | ||
| Total Compensation | $247,711 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 4.8% |
| Associates | 1.9% |
| Bachelors | 49.5% |
| Masters | 38.1% |
| Doctorate | 5.7% |
What Am I Worth?
The average annual salary of Actuary V is $164,373. In case you are finding an easy salary calculator, the average hourly pay of Actuary V is $79; the average weekly pay of Actuary V is $3,161; the average monthly pay of Actuary V is $13,698.
An Actuary V'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 V earns the most in San Jose, CA, where the annual salary of an Actuary V is $206,288.
The highest pay for Actuary V is $194,244.
The lowest pay for Actuary V is $131,689.
Actuary V 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 V 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 V 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. Requires Associate of Society of Actuaries (ASA). Typically reports to a manager. The Actuary V 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. To be an Actuary V typically requires 10+ 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.
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.
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.)
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