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As of August 01, 2026, the average salary for an Actuarial Manager in Minnesota is $247,743 per year, which breaks down to an hourly rate of $119.
However, an Actuarial Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Actuarial Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $269,096 | $22,425 | $5,175 | $129 |
| Average | $247,743 | $20,645 | $4,764 | $119 |
| 25th Percentile | $239,731 | $19,978 | $4,610 | $115 |
Intact Services USA LLC - Minneapolis, MN
Optum - Eden Prairie, MN
UnitedHealthcare At Home - Eden Prairie, MN
divvyDOSE - Eden Prairie, MN
An Actuarial Manager'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 and company size can directly affect your earning potential.
Experience is a primary driver of an Actuarial Manager'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:
| Levels | Salary |
|---|---|
| Actuarial... Level Actuarial Manager | $188,105 |
| Actuarial... Level Actuarial Manager | $177,502 |
| Actuarial... Level Actuarial Manager | $233,317 |
| Actuarial... Level Actuarial Manager | $246,173 |
| VP of Act... Level Actuarial Manager | $411,586 |
What Am I Worth?
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 Actuarial Managers. For example, consider the average annual salaries in these key locations:
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:
For Actuarial Manager roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Financial Services sectors offer the strongest compensation, at 30% above the average. In contrast, Actuarial Manager positions in Edu., Gov't. & Nonprofit or Transportation typically offer lower base pay, as these industries often view Actuarial Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $322,066 | $155.0 | 30% |
| Financial Services | $309,679 | $149.0 | 25% |
| Internet | $297,292 | $143.0 | 20% |
| Energy & Utilities | $284,904 | $137.0 | 15% |
| Aerospace & Defense | $272,517 | $131.0 | 10% |
Understanding how an Actuarial Manager'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $269,096 | $22,425 | $5,175 | $129 |
| Average | $247,743 | $20,645 | $4,764 | $119 |
| 25th Percentile | $239,731 | $19,978 | $4,610 | $115 |
Ready to take the next step in your career? Browse thousands of current Actuarial Manager job openings on our job board. Use the search bar below to find your perfect match.
Optum
Eden Prairie, MN
Optum | Eden Prairie, MN
Optum Insight is improving the flow of health data and information to create a more connected system. We remove friction and drive alignment between care p... more
9 Days Ago
DW Simpson
Saint Paul, MN
DW Simpson | Saint Paul, MN
This is an excellent opportunity to step into a key strategic role within the company, and get exposure to senior leadership and other business areas. Well... more
9 Days Ago
Milliman
Minneapolis, MN
Milliman | Minneapolis, MN
2026 Actuarial Summer Internship Minneapolis (Hybrid / Remote)The 2026 Actuarial Summer Internship position will assist in completing projects related to h... more
6 Days Ago
UnitedHealthcare
Minneapolis, MN
UnitedHealthcare | Minneapolis, MN
At UnitedHealthcare, we're simplifying the health care experience, creating healthier communities and removing barriers to quality care. The work you do he... more
6 Days Ago
Optum
Eden Prairie, MN
Optum | Eden Prairie, MN
Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will ... more
9 Days Ago
divvyDOSE
Minnetonka, MN
divvyDOSE | Minnetonka, MN
Actuarial ConsultantAt UnitedHealthcare, we're simplifying the health care experience, creating healthier communities and removing barriers to quality care... more
8 Days Ago
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