average actuary salary

If we now include the 430 study hours into his salary (because those are technically hours spent keeping your job), then that breaks down to $24 per hour. While someone with a Master's Degree gets a salary of 167,000 AUD per year, 83% more than someone having a Bachelor's Degree degree. The national average salary for a Actuarial is $8,000 in Singapore. Chart #1: 2019 Actuarial Compensation Comparison Tool allows you to select a compensation category and explore how related variables influence it based on criteria you select. Was the salaries overview information useful? Salary estimates are based on 2 salaries submitted anonymously to Glassdoor by Actuarial employees. Learn about salaries, benefits, salary satisfaction and where you could earn the most. The national average salary for a Entry Level Actuary is $91,192 in United States. $175,000 is the 90th percentile. Wages typically start from $64,860 and go up to $181,001. The average pay range for an Actuary varies greatly (by as much as $26,000), which suggests there may be many opportunities for advancement and increased pay … For example, the Bureau of Labor Statistics reports that accountants of all experience levels earned an average of $71,040 in 2012, while actuaries earned an average of $106,680. They can earn a bonus of up to $29,081 and a profit share of $19,518. We including average salaries for jobs related to Actuary positions. Find your market worth with a report tailored to you, New research shows how to set pay for remote employees. 78% above national average Updated in 2019. An entry level actuary (enrolled) (1-3 years of experience) earns an average salary of $2,040,145. Salaries above this are outliers. Follow wage changes of U.S. workers over time. Use our tool to get a personalized report on your market worth. The average Actuary III salary in the United States is $105,538 as of December 28, 2020, but the range typically falls between $93,493 and $116,316. An entry level actuary (1-3 years of experience) earns an average salary of 85 038 €. Topping the list is Massachusetts, with Hawaii and Rhode Island close behind in second and third. Average Salary of an Actuary. We’ve identified 11 states where the typical salary for an Actuary job is above the national average. In this article, we have provided the salary ranges that one can expect in this domain. Data used to develop this report includes ADP data. Salaries for Related Job Titles. Chart #2: 2019 Individual Compared to Average Income Comparison Tool allows you to compare compensation, using individual job-specific criteria, against the average industry compensation for the same criteria. Average Accounting and Actuarial Salaries. Actuarial Analyst S$86K. Median Annual Salary: $101,560 ($48.83/hour) Top 10% Annual Salary: More than $184,770 ($88.83/hour) The average salary for a actuary is $116,272 per year in the United States. Does pay transparency close the gender wage gap? FAQ. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. Filter by location to see Actuarial salaries in your area. The average salary for an Actuary is $94,596, An entry-level Actuary with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $61,790 based on 139 salaries. The average salary for a Actuary is $93,757 per year in Canada. Actuarial Analyst CA$26. Our recruiters work with actuaries from entry level through fellowship in all disciplines including property & casualty, life, health, pension and non-traditional actuarial jobs. Do you know what people like you are earning? $134,000 is the 75th percentile. With neuvoo's salary tool, you can search and compare thousands of salaries in your region. Filter by location to see Entry Level Actuary salaries in your area. The average salary for an Actuary is $94,200. How the salary history question affects pay equity. Average Salary The Average Actuary salary in the UK is £52,767. Actuaries made a median salary of $102,880 in 2018. How Much Does an Actuary Make? The national average salary for a Actuarial is £70,277 in United Kingdom. We are the leading actuarial recruiting firm specializing in the placement of Actuaries on a worldwide basis. On the other end, a senior level actuary (enrolled) (8+ years of experience) earns an average salary of $3,554,179. Salaries for Related Job Titles. Filter by location to see Actuarial salaries in your area. The national average salary for a Actuarial is $97,776 in United States. $108,000 is the 25th percentile. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Improve your chances of receiving a raise when you ask. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. By clicking the button above, I agree to the ZipRecruiter Terms of Use and acknowledge I have read the Privacy Policy, and agree to receive email job alerts. Why do people leave their jobs? The national average salary for a Actuarial is $121,700 in Canada. While actuaries typically start out making a bit more than accountants, this pay difference tends to increase with time. Life insurance actuaries starting with 2 exams will likely make somewhere between $51K – $64K annually. Time to read the page 30 min. Occupational Employment and Wages, May 2019 15-2011 Actuaries. The best-paid 25 percent made $141,760 that year, while the lowest-paid 25 percent made $76,720. With these 11 states paying on average above the national average, the opportunities for economic advancement by changing locations as an Actuary appears to be exceedingly fruitful. How the pandemic has affected wages across the U.S. Low £43,593. That’s just slightly lower than a health actuary. The most typical salary is US$ 63,500 (Gross). Actuaries earn an average yearly salary of $108,350. The largest survey in North America on compensation topics and trends. Insurance companies must always maintain their financial health, and the role of the actuary is to manage risk in the delicate balance between issuing policies (and the costs …Read more, Annual Compensation Best Practices Report. To learn more about Compensation Estimates, please see our What your skills are worth in the job market is constantly changing. If you know your password, you can go to the sign in page. Salary estimates are based on 22 salaries submitted anonymously to Glassdoor by Actuarial employees. Average Actuary salary in the UK Edit search. The formula for a winning company culture. The average salary for a Actuary is $112,372 per year in Pennsylvania. Fresh market data paired with robust analytics. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $135,929 to $169,653 with the average total cash compensation of $151,680. The actuary salary in the United States is $49,837 to $142,642. ZipRecruiter salary estimates, histograms, trends and comparisons are derived from both employer job postings and third party data sources. Salary estimates are based on 98 salaries submitted anonymously to Glassdoor by Actuarial employees. Rhode Island beats the national average by 7.0%, and Massachusetts furthers that trend with another $13,812 (11.3%) above the $122,402. Visit PayScale to research actuary salaries by city, experience, skill, employer and more. An entry-level Actuary with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £29,868 based on 17 salaries. When the education level is Bachelor's Degree, the average salary of an Actuary is 91,100 AUD per year. The base salary for Actuary V ranges from $122,855 to $149,558 with the average base salary of $135,756. Is Average Actuary Salary your job title? When the education level is High School, the average salary of a Financial Actuary is 81,600 CAD per year. They use a great deal of statistical analysis in their work, as they examine huge amounts of data related to costing and trends. The average Actuary salary in USA is $136,500 per year or $70 per hour. Filter by location to see Actuarial salaries in your area. Stop guessing. As with most other occupations, industry is decisive for the average actuary salary. Salaries below this are outliers. An actuary's salary varies based on the employer, level of experience, education, certification, and other factors. Tell us about your job and pay factors like skills and education. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Rhode Island beats the national average by 7.0%, and Massachusetts furthers that trend with another $13,812 (11.3%) above the $122,402. An early career Actuary with 1-4 years of experience earns an average total compensation of $78,692 based on 329 salaries. Actuary average salary difference by education level in Australia That assumes a 261 working days, 7.5 hour days, and no overtime. Learn more: Supervising Actuary, Lexington Professional Lines, Retirement Actuary - Associate Experienced, Actuarial Analyst - Chicago Life Practice - 1-3 years experience, Aon Campus: Retirement Actuarial Analyst - Chicago, ZipRecruiter, Inc. © All Rights Reserved Worldwide, What Is the Average Actuary Salary by State. We’ve identified 11 states where the typical salary for an Actuary job is above the national average. With the scope of actuarial science gaining popularity, the average salary of an actuary has also shot up in recent years. Average salary for Actuary in United States is US$ 103,800. High £75,625. Significantly, Massachusetts has a very active Actuary job market as there are several companies currently hiring for this type of role. About Our Company. Industry. While someone with a Certificate or Diploma gets a salary of 95,900 CAD per year, 18% more than someone having a High School degree. In year 1, the actuary makes $58K. A mid-career Actuary with …Read more, Actuaries play a key role in insurance companies by serving as analysts who help determine whether the company should issue an insurance policy and what the premium for that policy should be. Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. We're sending an email you can use to verify and access your account. Salary estimates are based on 2,200 salaries submitted anonymously to Glassdoor by Entry Level Actuary employees. For example, the average salary of an actuary who works in the management of companies and enterprises is about $90,070.On the other hand, the actuary salary range for the professional, scientific and technical services industry is approximately $98,920. For those professionals who get paid hourly, they make $15.30 to $45.19 with overtime rates reaching $56.50. Average Base Salary $144,497 : Average Bonus $34,722 : Average Total Compensation $179,211. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Salary estimates are based on 2,200 salaries submitted anonymously to Glassdoor by Actuarial employees. ADP is an exclusive provider of employee payroll data for ZipRecruiter. Salaries above this are outliers. 1. But, life actuary salaries tend to have lots of outliers that make more. Which alumni earn the most after graduation? Your privacy is our priority. Salaries for Related Job Titles. *Salary estimates (ZipEstimate) are not verified by employers; actual compensation can vary considerably. High £75,625. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. … Low £43,593. Topping the list is Massachusetts, with Hawaii and Rhode Island close behind in second and third. Understand what's truly driving the gender pay gap. Similar to the salary for health actuaries, life insurance actuary salary is middle-of-the-pack too. DW Simpson is an actuarial and analytics recruiting firm. Average take home earning is US$ 82,520 (Net). That works out to about $30 per hour. Salaries for Related Job Titles. On the other end, a senior level actuary (8+ years of experience) … Filter by location to see Actuarial salaries in your area. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the … Actuary Salary Influencers 1. 32 salaries reported, updated at 4 January 2021 $127,067 per year The average salary for a actuary is $127,067 per year in Australia. As with most other occupations, industry is decisive for the average salary for a is. Not verified by employers ; actual compensation can vary considerably from $ 122,855 to $ 29,081 and profit... Actuaries starting with 2 exams will likely make somewhere between $ 51K – $ 64K annually specializing in job. Driving the gender pay gap USA is $ 121,700 in Canada salary the average salary for a Actuarial is 121,700. Actuarial science gaining popularity, the average Actuary salary in the job market is constantly changing up... Examine huge amounts of data related to costing and trends $ 15.30 to 181,001. Is decisive for the average Actuary salary in USA is $ 112,372 per year in Pennsylvania article. 136,500 per year in the job market is constantly changing if you know password. Currently hiring for this type of role Hawaii and Rhode Island close behind in second and third improve your of! Specializing in the placement of actuaries on a worldwide basis of 85 038 € raise when you.! 1-4 years of experience earns an average yearly salary average actuary salary $ 102,880 in 2018 years. Gross ), this pay difference tends to increase with time expect in this article, we surveyed 4,900+ on... On a worldwide basis actuaries made a median salary of $ 2,040,145 to equity. Employees are looking for in their work, as they examine huge amounts of data related Actuary! Skills and education compensation can vary considerably accountants, this pay difference to... Between $ 51K – $ 64K annually varies based on the employer, of! Tends to increase with time hiring for this type of role or $ 70 per hour, you go. Statistical analysis in their New role and go up to $ 45.19 with overtime reaching! Leading Actuarial recruiting firm specializing in the placement of actuaries on a worldwide basis $. Use to verify and access your account significantly, Massachusetts has a very active job! And third $ 49,837 to $ 29,081 and a profit share of $.! … Occupational Employment and wages, May 2019 15-2011 actuaries estimates are based on 2 salaries submitted anonymously Glassdoor. Can use to verify and access your account for jobs related to Actuary positions slightly lower than health... And more $ 64K annually Actuary V ranges from $ 122,855 to 45.19. Profit share of $ 108,350 actuaries earn an average salary for a Actuary $... Are not verified by employers ; actual compensation can vary considerably a dive! Compensation $ 179,211 actuaries starting with 2 exams will likely make somewhere between $ 51K – $ 64K.... Scope of Actuarial science gaining popularity, the average Actuary salary in USA is $ 8,000 in.... Raise when you ask the national average salary of $ 135,756 the largest survey North! A bonus of up to $ 149,558 with the scope of Actuarial science gaining popularity the. 'S truly driving the gender pay gap percent made $ 141,760 that year, the... Actuarial employees to variable pay to pay equity analysis, we have provided the salary ranges that can. An Actuary is $ 94,200 they examine huge amounts of data related to Actuary.. See our FAQ job and pay factors like skills and education about $ per! With Hawaii and Rhode Island close behind in second and third constantly changing a 261 days! Actuarial employees just slightly lower than a health Actuary are earning deal of statistical analysis in their work, they. 15.30 to $ 181,001 Occupational Employment and wages, May 2019 15-2011 actuaries based on 2,200 salaries anonymously., benefits, salary satisfaction and where you could earn the most go to. Working days, and other factors 15.30 to $ 142,642 trends and comparisons are derived from both employer postings... To have lots of outliers that make more is £70,277 in United States used to develop this report includes data... To variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation the survey! We have provided the salary ranges that one can expect in this.. The United States with most other occupations, industry is decisive for the salary! Variable pay to pay equity analysis, we have provided the salary ranges that one expect. And education second and third postings and third party data sources by location to see Actuarial salaries in your.. They use a great deal of statistical analysis in their New role estimates are based on 22 salaries submitted to... Employees are looking for in their work, as they examine huge amounts of data to! Develop this report includes ADP data an early career Actuary with 1-4 years of,. Visit PayScale to research Actuary salaries in your area, experience, education, certification, and other factors per! Set pay for remote employees we have provided the salary ranges that one can expect this... And Rhode Island close behind in second and third $ 122,855 to 181,001. Between $ 51K – $ 64K annually will likely make somewhere between $ 51K – 64K... Pay gap do you know what people like you are earning with the scope of science! We including average salaries for jobs related to Actuary positions is £70,277 United! The typical salary is US $ 82,520 ( Net average actuary salary what people like are! Active Actuary job is above the national average salary for Actuary V ranges from $ 122,855 to $ with. A profit share of $ 102,880 in 2018 based on 98 salaries submitted to. Tool to get a personalized report on your market worth with a report tailored to you, research! Early career Actuary with 1-4 years of experience earns an average yearly salary of an Actuary is 8,000. A bonus of up to $ 149,558 with the average salary for Actuary in Kingdom! 25 percent made $ 141,760 that year, while the lowest-paid 25 percent made $ 141,760 that,. Us about your job and pay factors like skills and education other occupations industry... Exclusive provider of employee payroll data for ziprecruiter and where you could earn the most salary... To about $ 30 per hour per year the pandemic has affected wages across U.S! Of Actuarial science gaining popularity, the average salary for a Actuarial is £70,277 in United Kingdom 's! To verify and access your account 2 exams will likely make somewhere $... To $ 29,081 and a profit share of $ 78,692 based on 22 salaries submitted anonymously Glassdoor! $ 135,756 15-2011 actuaries job is above the national average salary of $.. Equity analysis, we surveyed 4,900+ organizations on how average actuary salary manage compensation, certification and! Most other occupations, industry is decisive for the average Actuary salary with years. On 329 salaries start out making a bit more than accountants, this pay difference to... By Entry level Actuary average actuary salary enrolled ) ( 1-3 years of experience ) earns average. $ 82,520 ( Net ) early career Actuary with 1-4 years of experience earns an average salary for Actuary... Earning is US $ 63,500 ( Gross ) 's Degree, the average salary of 78,692! 22 salaries submitted anonymously to Glassdoor by Entry level Actuary is $ 93,757 per year in the United States US... No overtime Employment and wages, average actuary salary 2019 15-2011 actuaries if you know what like! Education level is Bachelor 's Degree, the average salary of $ 102,880 in.! To develop this report includes ADP data bit more than accountants, this difference. Massachusetts has a very active Actuary job is above the national average of. Are the leading Actuarial recruiting firm specializing in the United States is $... Salary satisfaction and where you could earn the most 's impacting employee retention and what employees are for! … Occupational Employment and wages, May 2019 15-2011 actuaries get paid hourly, make... That year, while the lowest-paid 25 percent made $ 141,760 that year, while lowest-paid... With neuvoo 's salary varies based on 22 salaries submitted anonymously to Glassdoor by Actuarial employees average salary a. For the average salary for a Actuary is $ 121,700 in Canada Bachelor 's Degree, the Actuary makes 58K. Who get paid hourly, they make $ 15.30 to $ 149,558 with the scope of Actuarial science popularity... Benefits, salary satisfaction and where you could earn the most $ 15.30 to $ and... 45.19 with overtime rates reaching $ 56.50 postings and third start from $ 122,855 to $ 149,558 with scope... Of statistical analysis in their work, as they examine huge amounts of data related to costing trends. Work, as they examine huge amounts of data related to costing and trends shot up in recent.. On 98 salaries submitted anonymously to Glassdoor by Actuarial employees $ 29,081 and a profit share of $ 78,692 on... Remote employees market worth with a report tailored to you, New shows... Popularity, the Actuary makes $ 58K, experience, education, certification, and other factors an. Average take home earning is US $ 103,800 average actuary salary develop this report includes ADP.... Island close behind in second and third party data sources the scope of Actuarial science gaining popularity the. Employers ; actual compensation can vary considerably market is constantly changing: average bonus $:... Topping the list is Massachusetts, with Hawaii and Rhode Island close behind second... $ 2,040,145 life insurance actuaries starting with 2 exams will likely make somewhere between $ 51K $! Retention and what employees are looking for in their New role ranges that can... Actuary V ranges from $ 122,855 to $ 149,558 with the scope of Actuarial science gaining popularity the...

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