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Salary

How much does a Actuary make?

The average salary for a Actuary is $165,202 per year in the US.

Actuaries use math and statistics to assess risks in business, insurance, and finance. This profession often promises a rewarding salary. The average yearly salary for actuaries stands at around $165,202. This figure can vary based on experience, location, and industry.

Here are some common salary ranges for actuaries:

  • The lowest 10% earn about $88,224 a year.
  • The middle 50% earn between $123,092 and $192,829 annually.
  • The highest 10% earn over $262,566 each year.
Actuaries often see their salaries grow as they gain experience and expertise.

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What are the highest paying cities for a Actuary?

Actuaries looking to maximize their earnings should consider Cincinnati, OH, where the average salary stands at $194,381. This city provides a robust financial landscape, making it a top choice for professionals in this field. Similarly, San Antonio, TX, offers competitive salaries with an average of $193,569, reflecting its strong demand for skilled actuaries. Other notable cities include Tulsa, OK, and Colorado Springs, CO, where the average salaries are $189,086 and $188,526, respectively. These cities not only offer attractive compensation packages but also provide a supportive work environment for actuaries.
Graph displaying highest paying cities salaries for Actuary jobs, highlighting Cincinnati, OH with the highest at $194,381 and Grand Rapids, MI with the lowest at $179,620.
  1. Cincinnati, OH
    Average Salary: $194,381
    Cincinnati offers a vibrant job market for professionals in data analysis. With prominent companies like Kroger and Procter & Gamble, actuaries find ample opportunities to apply their expertise. The city’s supportive business environment makes it a great place to advance one’s career.
    Find Actuary jobs in Cincinnati, OH


  2. San Antonio, TX
    Average Salary: $193,569
    San Antonio provides a dynamic setting for actuaries. Companies like Valero Energy and Frost Bank seek experts to manage risks effectively. The city’s growth and stability create a solid foundation for career development.
    Find Actuary jobs in San Antonio, TX


  3. Tulsa, OK
    Average Salary: $189,086
    Tulsa is a thriving hub for actuaries, with key players like ONEOK and Williams Companies. The city’s strong economy and welcoming atmosphere offer excellent career opportunities. Actuaries here enjoy a balanced work-life approach.
    Find Actuary jobs in Tulsa, OK


  4. Colorado Springs, CO
    Average Salary: $188,526
    In Colorado Springs, actuaries work in a vibrant community. Companies like Lockheed Martin and UCHealth value their skills. The city’s high quality of life and outdoor activities make it an attractive place to live and work.
    Find Actuary jobs in Colorado Springs, CO


  5. Louisville, KY
    Average Salary: $187,450
    Louisville offers a mix of tradition and modernity for actuaries. With banks like Fifth Third Bank and Humana, professionals find stable job opportunities. The city's rich culture and affordable living enhance the overall experience.
    Find Actuary jobs in Louisville, KY


  6. New Orleans, LA
    Average Salary: $187,231
    New Orleans provides a unique setting for actuaries. Companies like Entergy and LCMC Health value their expertise. The city’s vibrant culture and warm climate make it an appealing place to work and live.
    Find Actuary jobs in New Orleans, LA


  7. Tampa, FL
    Average Salary: $185,218
    Tampa is a bustling city for actuaries. With major companies like Raymond James and Florida Blue, professionals have numerous opportunities. The city’s sunny weather and lively nightlife create a desirable work environment.
    Find Actuary jobs in Tampa, FL


  8. Tallahassee, FL
    Average Salary: $180,429
    Tallahassee offers a balanced lifestyle for actuaries. Companies like Fidelity and the State of Florida seek their skills. The city’s affordable living and rich history provide a comfortable setting for career growth.
    Find Actuary jobs in Tallahassee, FL


  9. Fresno, CA
    Average Salary: $180,020
    Fresno is a growing city for actuaries. With companies like Valley National Bank and Fresno Pacific University, professionals find stable job opportunities. The city’s agricultural roots and vibrant community make it a great place to work.
    Find Actuary jobs in Fresno, CA


  10. Grand Rapids, MI
    Average Salary: $179,620
    Grand Rapids offers a robust job market for actuaries. Companies like Spartan Motors and Amway value their expertise. The city’s strong sense of community and cultural events create a welcoming environment for professionals.
    Find Actuary jobs in Grand Rapids, MI

What are the best companies a Actuary can work for?

EY leads the pack with an average salary of $223,282, offering top-tier pay for actuaries. USAA closely follows, providing an impressive average salary of $206,303. Deloitte, Genworth, and DW Simpson also stand out with competitive salaries above $180,000. These companies recognize the value of actuarial expertise, making them ideal for job seekers in the field.
Graph displaying best paying company salaries for Actuary jobs, highlighting EY with the highest at $223,282 and Selby Jennings with the lowest at $171,045.
  1. EY
    Average Salary: $223,282
    EY offers exciting Actuary jobs with a focus on providing innovative solutions. The company operates globally, with major offices in New York, London, and Singapore. EY emphasizes teamwork and professional development, making it a great place for actuaries to grow their careers.


  2. USAA
    Average Salary: $206,303
    USAA provides rewarding Actuary positions, focusing on delivering exceptional services to its members. The company is based in San Antonio but operates nationwide. USAA values integrity and innovation, creating a positive work environment for actuaries.


  3. Deloitte
    Average Salary: $193,665
    Deloitte offers Actuary jobs that emphasize problem-solving and analytical skills. With locations in major cities like New York, London, and Sydney, Deloitte provides opportunities for growth and development. The company fosters a culture of collaboration and continuous learning.


  4. Genworth
    Average Salary: $193,322
    Genworth provides Actuary jobs with a focus on financial solutions. The company has offices in Richmond, Virginia, and other locations globally. Genworth values innovation and customer service, making it an excellent place for actuaries to advance their careers.


  5. DW Simpson
    Average Salary: $185,982
    DW Simpson offers competitive Actuary positions with a strong emphasis on career growth. With offices in major cities across the U.S., the company provides a supportive environment for professional development. DW Simpson values its employees and strives to create a positive workplace culture.


  6. Pacific Life
    Average Salary: $182,854
    Pacific Life offers Actuary jobs that focus on delivering financial security. The company operates in major cities like Irvine, California, and other locations. Pacific Life values innovation and customer satisfaction, creating a dynamic work environment for actuaries.


  7. Liberty Mutual Insurance
    Average Salary: $175,847
    Liberty Mutual Insurance offers Actuary jobs with a focus on risk management. The company has offices in Boston and other locations worldwide. Liberty Mutual emphasizes teamwork and professional development, making it a great choice for actuaries seeking growth.


  8. Zurich Insurance
    Average Salary: $172,199
    Zurich Insurance provides Actuary positions with a focus on insurance solutions. The company operates globally, with major offices in Zurich and New York. Zurich Insurance values innovation and customer service, creating a supportive work environment for actuaries.


  9. Berkley
    Average Salary: $171,208
    Berkley offers Actuary jobs with a focus on specialized insurance services. The company has offices in New York and other locations. Berkley values integrity and professional development, making it an excellent place for actuaries to build their careers.


  10. Selby Jennings
    Average Salary: $171,045
    Selby Jennings offers Actuary positions with a focus on career growth and professional development. The company operates in major cities like New York and San Francisco. Selby Jennings values its employees and strives to create a positive and supportive work environment.

How to earn more as a Actuary?

Actuarial science is a field with a lot of growth potential. Actuaries assess risk and uncertainty to help businesses make smart financial decisions. If you want to earn more, consider these factors that can help boost your income.

First, gain experience. More experience leads to higher pay. Start in an entry-level position and work your way up. Experience makes you valuable to employers. It also opens the door to higher-paying jobs.

  1. Certifications: Get professional certifications. The actuarial field has several certifications. Earning these certifications shows you have the skills and knowledge. It also makes you more attractive to employers.
  2. Specialization: Focus on a niche. Actuaries can specialize in many areas like health, life, or property insurance. Specializing can lead to higher pay. It also makes you a go-to expert in that area.
  3. Education: Get higher education. A bachelor’s degree is a start, but a master’s degree can boost your salary. Consider studying areas like finance, statistics, or economics. These subjects can give you an edge.
  4. Networking: Build a strong professional network. Attend industry events, join professional groups, and connect with others on LinkedIn. Networking can lead to job opportunities that pay more.
  5. Location: Consider where you work. Some cities offer higher salaries for actuaries. Be open to relocating if it means higher pay and more opportunities.

Currently 197 Actuary job openings, nationwide.

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Actuary
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