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Actuary Salary in Milwaukee, WI

How much does the average Actuary make in Milwaukee, WI?


The average salary for an Actuary in Milwaukee, WI is between $74,642 and $181,940 as of October 01, 2026. 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.

About Milwaukee, Wisconsin    Milwaukee lies along the shores and bluffs of Lake Michigan at the confluence of three rivers: the Menomonee, the Kinnickinnic, and the Milwaukee. Sma....More

Milwaukee, Wisconsin  area prices were up 1.8% from a year ago    View the Cost of Living in Milwaukee, Wisconsin

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Base Salary

Core compensation

$74,642
$181,940
$128,291
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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 | Actuary Consultant I | Entry Level Actuary | Insurance Actuary I

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 pol... View job details

Actuarial Analyst II
Alternate Job Titles: Actuarial Analyst II | Actuary Consultant II | Insurance Actuary II

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 pol... View job details

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

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 pol... View job details

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

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 pol... View job details

Actuarial Analyst V
Alternate Job Titles: Actuarial Analyst V | Actuary Consultant V | Insurance 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 pol... View job details

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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.

What are the best schools offering actuarial programs?

Some of the schools with top rated actuarial science programs are Purdue University, Carnegie Mellon University, University of Illinois at Urbana-Champaign, Ohio State University, Columbia University, Georgia State University, University of Nebraska, Temple University, Penn State University, and Drake University.

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.

Actuary Jobs

Job Openings for Actuary in Milwaukee, WI
Life Actuary Apply

USAA | SAN ANTONIO , TX

Why USAA. At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted... more

4 days ago

VP Actuary Apply

USAA | SAN ANTONIO , TX

Why USAA. At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted... more

4 days ago

AXIS Modeling Actuary Apply

MassMutual | SPRINGFIELD , IL

Location. New York, NY, Springfield, MA or Boston, MA The Opportunity At MassMutual, our mission is to help people secure their future and protect the ones... more

5 days ago

Actuary Financial Projection Modeling Apply

MassMutual | SPRINGFIELD , IL

The Opportunity As the Actuary for Financial Projection Modeling, you'll join the Modeling Center of Excellence (COE)—the team powering enterprise‐wide ins... more

5 days ago

Director P&C Pricing and Reserving Actuary Apply

USAA | SAN ANTONIO , TX

Why USAA. At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted... more

4 days ago

AI Operations Analyst Apply

Postlane Capital Partners | AUSTIN , TX

AI Operations Analyst (Agents and Automation). Postlane Capital | Austin, TX preferred, remote US considered | Full time | $100,000 to $150,000 base plus b... more

5 days ago

Life Actuary Apply

USAA | SAN ANTONIO , TX

Why USAA. At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted... more

4 days ago

AXIS Modeling Actuary Apply

MassMutual | SPRINGFIELD , IL

Location. New York, NY, Springfield, MA or Boston, MA The Opportunity At MassMutual, our mission is to help people secure their future and protect the ones... more

5 days ago

VP Actuary Apply

USAA | SAN ANTONIO , TX

Why USAA. At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted... more

4 days ago