How much does a Actuarial Analyst make?
Actuarial analysts play a key role in assessing risk and managing finances for companies. Their work is both detailed and important. The average yearly salary for an actuarial analyst is around $104,826. This figure helps show what someone in this role might earn over time.
Here is a look at how salaries can differ based on experience:
- The lowest 10% of earners make about $56,530 per year.
- The next 10% earn between $56,530 and $66,768 annually.
- The middle 20% make between $66,768 and $87,245 each year.
- The next 20% earn between $87,245 and $117,959 annually.
- The top 20% of earners make more than $117,959 each year.
What are the highest paying cities for a Actuarial Analyst?
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San Francisco, CA
Average Salary: $135,530
In San Francisco, professionals thrive in a tech-driven financial sector. The city is home to tech giants and financial firms that offer diverse opportunities. Roles here often involve complex analysis and risk assessment.
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Colorado Springs, CO
Average Salary: $131,805
Colorado Springs offers a blend of outdoor beauty and professional growth. This city boasts a strong presence of insurance companies and tech firms. It’s an ideal place for analysts looking for a mix of work and recreation.
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San Antonio, TX
Average Salary: $125,510
San Antonio provides a vibrant market for professionals. The city's economy includes banking and insurance sectors that rely on strong analytical skills. Working here means tackling innovative projects with a growing company.
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Tampa, FL
Average Salary: $117,650
Tampa is a city where the warm climate meets a thriving job market. The area is known for its robust financial services. Companies here offer dynamic roles that require critical thinking and problem-solving.
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Phoenix, AZ
Average Salary: $117,307
Phoenix offers a sunny environment and a growing job market. The city is home to many financial and insurance firms. Working as an analyst here means engaging with a range of projects that keep the work interesting.
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Seattle, WA
Average Salary: $114,816
Seattle is a hub for tech and finance, offering diverse opportunities. The city is known for companies that value data analysis. Professionals here enjoy working in innovative environments with top-notch companies.
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Des Moines, IA
Average Salary: $109,445
Des Moines provides a welcoming atmosphere with a strong insurance sector. The city is known for its financial institutions. Analysts here benefit from a supportive work environment and a chance to work with major firms.
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Chicago, IL
Average Salary: $109,248
Chicago offers a dynamic job market with a mix of traditional and tech firms. The city is a financial powerhouse, providing numerous opportunities for growth. Analysts here can expect to work on impactful projects with leading companies.
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Denver, CO
Average Salary: $108,663
Denver is a city where the outdoors meet professional growth. The job market here includes many finance and insurance companies. Working as an analyst offers the chance to engage with innovative projects in a lively setting.
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Boston, MA
Average Salary: $108,155
Boston is a historic city with a modern job market. The area is rich in financial and educational institutions. Analysts here work on complex projects with leading firms, offering a mix of challenge and opportunity.
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What are the best companies a Actuarial Analyst can work for?
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Amazon.com
Average Salary: $171,059
Amazon offers exciting opportunities for Actuarial Analysts to work in various departments. They analyze data to help with financial risk and insurance decisions. Amazon operates worldwide, with major hubs in the U.S., Europe, and Asia.
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Kaiser Permanente
Average Salary: $148,466
Kaiser Permanente provides rewarding roles for Actuarial Analysts. They work with health data to improve healthcare outcomes. This company serves members in eight states and the District of Columbia.
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CSAA Insurance Group
Average Salary: $141,610
CSAA Insurance Group offers promising positions for Actuarial Analysts. They focus on risk assessment for insurance policies. This company serves members in multiple states across the U.S.
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DW Simpson
Average Salary: $140,720
DW Simpson provides dynamic roles for Actuarial Analysts. They work on complex financial modeling and risk assessment. This company has offices in the U.S. and Canada.
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USAA
Average Salary: $130,485
USAA offers valuable opportunities for Actuarial Analysts. They analyze financial risks for their members. USAA serves military members and their families in the U.S.
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The Hartford
Average Salary: $123,772
The Hartford provides excellent roles for Actuarial Analysts. They work on insurance products and risk management. This company operates across the U.S.
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Liberty Mutual Insurance
Average Salary: $123,600
Liberty Mutual Insurance offers solid positions for Actuarial Analysts. They focus on assessing risks for various insurance policies. The company has a global presence with offices worldwide.
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Prudential
Average Salary: $117,414
Prudential provides good opportunities for Actuarial Analysts. They work on financial planning and risk assessment. This company has operations in Asia, Europe, and the Americas.
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CVS Health
Average Salary: $111,502
CVS Health offers interesting roles for Actuarial Analysts. They analyze health data to improve patient outcomes. This company serves customers across the U.S.
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Global Atlantic Financial Group
Average Salary: $111,284
Global Atlantic Financial Group provides opportunities for Actuarial Analysts. They work on financial risk management and insurance products. This company has offices in the U.S., Europe, and Asia.
How to earn more as a Actuarial Analyst?
Actuarial Analysts can explore several avenues to enhance their earnings. Gaining relevant experience and certifications often leads to higher salary levels. For instance, obtaining a Chartered Actuarial designation increases marketability and often results in better pay. Networking with professionals in the field can also open doors to higher-paying opportunities.
Another effective strategy involves seeking positions in industries that offer competitive compensation for actuaries. Financial services and insurance companies generally provide more lucrative roles. Specialization in areas like health, pension, or enterprise risk management can also command higher salaries. Consistent skill development and staying updated with industry trends further support salary growth.
To boost earnings, consider the following factors:
- Obtain relevant certifications
- Build a strong professional network
- Target high-paying industries
- Specialize in a niche area
- Continuously update skills and knowledge
