Actuarial Associate Salary in Rochester, Minnesota

How much does an Actuarial Associate make in Rochester, MN?

As of May 01, 2025, the average annual salary for an Actuarial Associate in Rochester, MN is $83,682. According to Salary.com, salaries can range from a low of $67,360 to a high of $100,230, with most professionals earning between $75,138 and $92,344.

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Salary range for an Actuarial Associate

$75,138 to $92,344

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Actuarial Associate

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Job Openings for Actuarial Associate in Rochester, MN

What does an Actuarial Associate do?

Common responsibilities of an Actuarial Associate

Building and maintaining strong working relationships with business unit and corporate function actuaries, external auditors and internal non-actuarial auditors.

January 15, 2023

Support the technical aspects in developing the life reporting infrastructure with an emphasis on building repeatable processes with built-in review capability.

February 01, 2023

Actively participates and contributes to the goals and objectives of the Company by working collaboratively and fostering a positive and inclusive work environment.

February 05, 2023

Monitors and researches appropriate publications to ensure compliance with statutory and tax valuation requirements, state regulations, and actuarial guidelines.

March 08, 2023

Provides actuarial support to Medical, Pricing and SBUs regarding provider contracting and network development, including actuarial modeling to support pricing and network strategy and development.

April 06, 2023

Assist in the development of new and enhanced separate account stable value products for DB and DC plans and for the institutional and retail capital markets.

April 08, 2023

Collaborates with stakeholders to understand business needs/issues, troubleshoots problems, conducts root cause analysis, and develops cost effective resolutions for data anomalies.

April 22, 2023

Prepares monthly and quarterly statutory reporting, verifies results for accuracy and reasonableness, and analyzes movements period over period.

April 22, 2023

Demonstrated strong written and verbal communication skills with experience explaining complex concepts to a wide range of business partners, both actuarial and non-actuarial.

April 25, 2023

Understanding of basic health care concepts and products, and general understanding of the health care environment.

May 14, 2023

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Actuarial Associate Salary By Experience Levels in Rochester, MN

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Actuarial Associate Salary By Level of Education in Rochester, MN

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LEVEL OF EDUCATION

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Average Salary Range for Actuarial Associate in Rochester, MN

Average Base Salary

Core compensation

75138

92344

83682

Average Total Cash Compensation

Includes base and annual incentives

78129

97117

87396

What is the average salary for Actuarial Associate in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Actuarial Associate in Rochester, MN. The base salary for Actuarial Associate ranges from $75,138 to $92,344 with the average base salary of $83,682. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $78,129 to $97,117 with the average total cash compensation of $87,396.

View Average Salary for Actuarial Associate as table

	Average Salary	Average Salary Range
Base Salary	$83,682	$75,138 - $92,344
Bonus	$3,714	$2,991 - $4,773
Total Pay	$87,396	$78,129 - $97,117

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Actuarial Associate Salary Near Rochester, MN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Rochester, MN
CITY, STATE Lakeville, MN	AVERAGE SALARY RANGE $77,949 - $95,798	COMPARE TO Rochester, MN
CITY, STATE Burnsville, MN	AVERAGE SALARY RANGE $78,219 - $96,130	COMPARE TO Rochester, MN
CITY, STATE La Crosse, WI	AVERAGE SALARY RANGE $70,514 - $86,660	COMPARE TO Rochester, MN
CITY, STATE Saint Paul, MN	AVERAGE SALARY RANGE $78,444 - $96,406	COMPARE TO Rochester, MN
CITY, STATE Eau Claire, WI	AVERAGE SALARY RANGE $72,185 - $88,715	COMPARE TO Rochester, MN
CITY, STATE Eden Prairie, MN	AVERAGE SALARY RANGE $78,309 - $96,240	COMPARE TO Rochester, MN

See salaries for Actuarial Associate in locations close to Rochester, MN. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Rochester, Minnesota

Rochester is a city founded in 1854 in the U.S. State of Minnesota and is the county seat of Olmsted County located on the Zumbro River's south fork in Southeast Minnesota. It is Minnesota's third-largest city and the largest city located outside the Minneapolis-St. Paul Metropolitan Statistical Area. As of 2015, the Rochester metropolitan area has a population of 215,884. According to the 2010 United States Census the city has a population of 106,769. The U.S. Census Bureau estimated that the 2017 population was 115,733. It is the home of the Mayo Clinic and an IBM facility, formerly one of t...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE Senior Actuarial Associate	LOCATION Rochester, MN	MINIMUM SALARY $80,730	MAXIMUM SALARY $97,151
JOB TITLE Actuarial Services Associate	LOCATION Rochester, MN	MINIMUM SALARY $57,991	MAXIMUM SALARY $74,078
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JOB TITLE Actuarial Analyst V	LOCATION Rochester, MN	MINIMUM SALARY $130,900	MAXIMUM SALARY $155,000
JOB TITLE Actuarial Analyst II	LOCATION Rochester, MN	MINIMUM SALARY $81,000	MAXIMUM SALARY $97,400

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