How much does a Actuarial Analyst make?
An Actuarial Analyst studies and analyzes the financial costs of risk and uncertainty. They use their knowledge to help companies make smart financial decisions. They look at things like insurance, pensions, and health care. Actuarial Analysts make a good salary. On average, they earn about $104,678 a year. Here is a closer look at their salaries:
Here are some common salary ranges for Actuarial Analysts:
- The lowest 10% earn less than $60,250.
- The next 10% earn between $60,250 and $70,150.
- The next 11% earn between $70,150 and $80,050.
- The next 13% earn between $80,050 and $89,950.
- The next 12% earn between $89,950 and $99,850.
- The next 11% earn between $99,850 and $109,750.
- The next 8% earn between $109,750 and $119,650.
- The next 8% earn between $119,650 and $129,550.
- The next 3% earn between $129,550 and $139,450.
- The next 3% earn between $139,450 and $149,350.
- The top 2% earn more than $149,350.
These figures can vary based on where an analyst works, their level of experience, and the type of industry they work in. With experience and additional qualifications, an Actuarial Analyst can earn even more.
What are the highest paying cities for a Actuarial Analyst?
-
San Francisco, CA
Average Salary: $135,313
In San Francisco, professionals enjoy a vibrant city with many opportunities in insurance and tech companies. Firms like Goldman Sachs and Oracle offer rewarding environments. The city's dynamic economy fosters growth and learning.
Find Actuarial Analyst jobs in San Francisco, CA
-
San Antonio, TX
Average Salary: $121,905
San Antonio offers a growing job market with a focus on energy and healthcare. Companies like USAA and Frost Bank provide great chances to work on real-world problems. The city's welcoming atmosphere makes it easy to thrive professionally.
Find Actuarial Analyst jobs in San Antonio, TX
-
Seattle, WA
Average Salary: $116,908
Seattle is a tech hub with numerous opportunities in finance and insurance. Employers like Microsoft and Amazon offer cutting-edge projects. The city's strong community support helps professionals advance their careers.
Find Actuarial Analyst jobs in Seattle, WA
-
Phoenix, AZ
Average Salary: $114,060
Phoenix boasts a growing economy with a strong focus on finance and insurance. Companies such as State Farm and Wells Fargo create excellent opportunities. The city's warm climate and expanding job market make it an attractive place to work.
Find Actuarial Analyst jobs in Phoenix, AZ
-
Tampa, FL
Average Salary: $113,228
Tampa offers a growing market with opportunities in finance and healthcare. Employers like Raymond James and Humana provide dynamic work environments. The city's mild weather and lower cost of living enhance the quality of life.
Find Actuarial Analyst jobs in Tampa, FL
-
Chicago, IL
Average Salary: $109,913
Chicago has a rich history in finance with many opportunities in banking and insurance. Companies like Allstate and Aon offer impactful roles. The city's diverse culture and strong professional networks support career growth.
Find Actuarial Analyst jobs in Chicago, IL
-
Boston, MA
Average Salary: $109,639
Boston is a historic city with a focus on finance and education. Firms like MassMutual and State Street offer excellent opportunities. The city's vibrant academic environment fosters continuous learning and development.
Find Actuarial Analyst jobs in Boston, MA
-
Denver, CO
Average Salary: $109,056
Denver offers a growing job market with opportunities in finance and tech. Employers like ADP and Liberty Mutual provide innovative work. The city's outdoor lifestyle and strong community make it a great place to work and live.
Find Actuarial Analyst jobs in Denver, CO
-
Atlanta, GA
Average Salary: $108,417
Atlanta has a thriving job market with many opportunities in finance and insurance. Companies like SunTrust and Aflac offer dynamic environments. The city's affordable living and expanding economy support professional growth.
Find Actuarial Analyst jobs in Atlanta, GA
-
Des Moines, IA
Average Salary: $106,307
Des Moines offers a stable job market with opportunities in insurance and finance. Companies like Wellmark and Principal Financial Group provide solid career paths. The city's friendly atmosphere and lower cost of living enhance job satisfaction.
Find Actuarial Analyst jobs in Des Moines, IA
What are the best companies a Actuarial Analyst can work for?
-
Amazon.com
Average Salary: $171,059
Amazon.com is a global leader in technology and e-commerce. They offer exciting opportunities for Actuarial Analysts across the United States. These roles focus on risk management and data analysis. Positions are available in Seattle, Washington, and other major cities.
-
Kaiser Permanente
Average Salary: $148,117
Kaiser Permanente is a healthcare giant. They offer competitive salaries for Actuarial Analysts. These roles support the development of health insurance plans. Opportunities are found in various locations, including California and Colorado.
-
DW Simpson
Average Salary: $140,560
DW Simpson provides talent acquisition solutions. Actuarial Analysts at DW Simpson focus on actuarial consulting. They work in major cities like New York, Chicago, and Los Angeles. The roles offer strong compensation packages.
-
Liberty Mutual Insurance
Average Salary: $124,577
Liberty Mutual Insurance is a major insurer. They offer diverse opportunities for Actuarial Analysts. These roles involve risk assessment and policy analysis. Locations include Boston, Massachusetts, and other key areas.
-
USAA
Average Salary: $124,094
USAA offers financial services to military members. Actuarial Analysts at USAA work on risk modeling and data analysis. Positions are available in San Antonio, Texas, and other military-focused locations.
-
The Hartford
Average Salary: $123,512
The Hartford is an insurance company. They have Actuarial Analysts working on underwriting and claims analysis. Opportunities are in Hartford, Connecticut, and other selected regions.
-
Aon
Average Salary: $118,487
Aon provides risk and consulting services. They need Actuarial Analysts for various projects. Roles focus on risk management and financial analysis. Locations include Chicago, Illinois, and other major cities.
-
Global Atlantic Financial Group
Average Salary: $111,156
Global Atlantic Financial Group specializes in long-term care insurance. Actuarial Analysts here focus on modeling and analysis. Opportunities are in New York, New York, and other key areas.
-
CVS Health
Average Salary: $110,859
CVS Health is a leading health services company. Actuarial Analysts support risk management and financial planning. Positions are available in Woonsocket, Rhode Island, and other locations.
-
Nationwide Mutual Insurance Company
Average Salary: $110,769
Nationwide Mutual Insurance Company offers a range of insurance products. Actuarial Analysts work on risk assessment and policy development. Opportunities are in Columbus, Ohio, and other major cities.
How to earn more as a Actuarial Analyst?
Becoming an Actuarial Analyst often leads to a rewarding career with good earning potential. There are several factors that can help increase income in this field. One key factor is gaining more experience. The more years of experience an analyst has, the higher their earning potential. Experience often comes with the ability to handle more complex tasks and projects, leading to greater responsibility and pay.
Another factor is obtaining relevant certifications. Actuaries must pass a series of exams to become fully licensed. Those who achieve the highest levels of certification often earn more than their non-certified peers. Certifications like the Fellow of the Society of Actuaries (FSA) or the Associate of the Casualty Actuaries Society (ACAS) can significantly boost an analyst's salary. Continuing education and staying current with industry changes also play a big role in career advancement.
Consider the following factors to increase earnings as an Actuarial Analyst:
- Advanced Education: Earning a master's degree in actuarial science or a related field can open more job opportunities and higher salaries.
- Specialization: Focusing on a specific area, such as life insurance or health care, can make an analyst more valuable and lead to higher pay.
- Professional Networking: Building a strong network within the industry can lead to job referrals and promotions.
- Geographic Location: Working in areas with a high demand for actuaries, such as large cities, often comes with higher salaries.
- Performance: Consistently delivering excellent work can lead to raises and bonuses.
