Actuary Salary in the United States

How much does the average Actuary make in the United States?


The average salary for an Actuary in the United States is between $68,620 and $161,480 as of September 25, 2023. Salary ranges can vary widely depending on the actual Actuary position you are looking for. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities

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Base Salary

Core compensation

$68,620
$161,480
$115,050

What is an Actuary?

An actuary uses math, statistics, computer modeling, and analysis to evaluate risk. They look at various events that could occur either to a person or to business and develop scenarios to minimize risk and cost. Many actuaries are employed in the insurance industry and may specialize in an area like health insurance, life insurance, or property insurance.


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Actuarial Analyst I
Alternate Job Titles: Actuarial Analyst I | Associate Actuary | Entry Actuary | Entry Level Actuary

Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statist... View job details


Actuarial Analyst II
Alternate Job Titles: Actuarial Analyst II | Intermediate Actuary | Senior Associate Actuary

Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statist... View job details


Actuarial Analyst III
Alternate Job Titles: Actuarial Analyst III | Consultant Actuary | Senior Actuary

Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statist... View job details


Actuarial Analyst IV
Alternate Job Titles: Actuarial Analyst IV | Senior Consultant Actuary

Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statist... View job details


Actuarial Analyst V
Alternate Job Titles: Actuarial Analyst V | Actuarial Principal

Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, death, unemployment, etc. based on analysis of statistical data and other... View job details


Actuary

What degree or educational requirements does an actuary need?

Actuaries typically obtain a Bachelor's degree in mathematics, statistics, business, or actuarial science. Coursework in computer science usually is included. Most individuals seeking a career as an actuary work towards certification in one of the major actuarial professional organizations: the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA). Employers typically support an individual in this pursuit which can take many years of study. The actuarial designations are Associate, which is the first level and Fellow, which is the highest and most difficult to attain.

Are actuaries in demand?

According to the Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook (BLS), employment of Actuaries, in general, is projected to grow about 22 percent from 2016 to 2026. The demand for Actuaries will be strong as insurance companies develop new products and try to reduce costs. Large companies will also employ actuaries to assess risk and help to guide operational policies.

What jobs are similar to or related to actuary?

Risk Manager and Statistician are other jobs that are sometimes related to actuaries.

Where can I find more information about actuary training and career opportunities?

Explore these additional resources for more on the acutarial profession.
American Academy of Actuaries
Casualty Actuarial Society
Society of Actuaries

What is the working environment for an actuary?

An actuary typically works in an office setting.
Job Openings for Actuary
HAI Group - Cheshire , CT
As associate actuary at HAI Group, you'll be rewarded with interesting challenges, competitive incentives/benefits, and a people-focused company culture. Are you ready to become an actuary on our ...
LinkedIn - 3 days ago
DW Simpson Global Actuarial & Analytics Recruitment - Salt Lake City , UT
Managing Actuary, Medicare Advantage REMOTE from MN or WI / Eagan, MN / Hybrid Stagnating where you are? This role presents a clear path forward to greater skills, responsibilities, and compensation
LinkedIn - 3 days ago
DW Simpson Global Actuarial & Analytics Recruitment - New York , NY
Chief Actuary - Workers' Compensation Fund Reserving New York, NY / Albany, NY Ready to take your skills to the next level? One of the largest workers' compensation carriers in the nation is seeking ...
LinkedIn - 4 days ago
Strategic Technology Institute, Inc - Rockville , MD
Associate Actuary The American Rescue Plan Act of 2021 (ARP) established a special financial assistance (SFA) program to provide funds for certain defined benefit multiemployer pension plans ...
ZipRecruiter - 6 days ago
Alliance Benefit Group - Iselin , NJ
As an Actuary, you will play a critical role in providing expert analysis and consulting services to our clients, ensuring the successful management and administration of their defined benefit and ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 8 days ago
Talently Recruiting - Stamford , CT
Are you an experienced Insurance Actuary looking for a new role with a top Reinsurance company? If so, read on! We are a global leading underwriter of property and casualty reinsurance looking for an ...
LinkedIn - 17 days ago