As of August 01, 2026, the average salary for a Chief Actuary in Winnetka, IL is $410,846 per year, which breaks down to an hourly rate of $198.
However, a Chief Actuary's salary can vary significantly. Here’s a look at the typical salary range:
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A Chief Actuary'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 a Chief Actuary'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 Chief Actuary | $185,612 |
| Actuarial... Level Chief Actuary | $175,149 |
| Actuarial... Level Chief Actuary | $230,225 |
| Actuarial... Level Chief Actuary | $242,910 |
| Chief Act... Level Chief Actuary | $406,131 |
What Am I Worth?
For Chief Actuary roles, the industry you choose can affect earning potential by as much as 95% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Internet sectors offer the strongest compensation, at 45% above the average. In contrast, Chief Actuary positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Chief Actuary as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Software & Networking | $595,727 | $286.0 | 45% |
| Internet | $575,184 | $277.0 | 40% |
| Biotechnology | $534,100 | $257.0 | 30% |
| Financial Services | $534,100 | $257.0 | 30% |
| Pharmaceuticals | $534,100 | $257.0 | 30% |
Understanding how a Chief Actuary'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.
Last Updated on August 01, 2026Ready to take the next step in your career? Browse thousands of current Chief Actuary job openings on our job board. Use the search bar below to find your perfect match.
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