How much does a Actuary make?
Actuaries use math, statistics, and financial theory to evaluate the financial costs of risk and uncertainty. This profession offers a rewarding career with good pay. The average yearly salary for an actuary is around $161,636. This means they earn a good amount, and it can grow with experience and expertise.
Most actuaries fall into specific salary brackets. Around 2.42% earn at least $262,000 a year. About 10.25% earn between $244,000 and $262,000. A larger group, around 12.72%, earn between $226,000 and $244,000. These high salaries reflect the specialized skills and education needed for the job. Lower salary ranges also exist, but many actuaries find themselves earning well above the average over time.
What are the highest paying cities for a Actuary?
-
San Antonio, TX
Average Salary: $195,841
In San Antonio, professionals engage in data analysis for various insurance firms. Well-known companies like USAA and Frost Bank offer dynamic opportunities. The job market values strong analytical skills.
Find Actuary jobs in San Antonio, TX
-
Tulsa, OK
Average Salary: $189,086
Tulsa presents a blend of small business and corporate roles. Companies like Farmers Insurance and ONEOK offer stable environments. Job seekers find a community that supports career growth in actuarial science.
Find Actuary jobs in Tulsa, OK
-
Colorado Springs, CO
Average Salary: $188,526
Colorado Springs offers a growing demand for actuaries in financial sectors. Local companies such as Pikes Peak Region and New York Life provide diverse opportunities. The city's business-friendly atmosphere encourages professional development.
Find Actuary jobs in Colorado Springs, CO
-
Louisville, KY
Average Salary: $187,450
Louisville features a mix of traditional and modern companies requiring actuarial expertise. Firms like Humana and Brown & Williamson provide a solid foundation for career advancement. The city's supportive business culture is ideal for growth.
Find Actuary jobs in Louisville, KY
-
New Orleans, LA
Average Salary: $186,950
In New Orleans, professionals thrive in an environment that values data-driven decision making. Companies such as State Farm and Entergy offer varied opportunities. The vibrant community fosters a collaborative work atmosphere.
Find Actuary jobs in New Orleans, LA
-
Tallahassee, FL
Average Salary: $186,836
Tallahassee provides a mix of government and private sector roles. With companies like Florida Blue and LexisNexis Risk Solutions, the city offers diverse job opportunities. The professional environment is conducive to career advancement.
Find Actuary jobs in Tallahassee, FL
-
Tampa, FL
Average Salary: $183,974
Tampa is home to several large companies needing actuarial skills. Employers like Raymond James and AIG offer dynamic work settings. The city's growing economy supports career growth in actuarial science.
Find Actuary jobs in Tampa, FL
-
Jacksonville, FL
Average Salary: $182,624
Jacksonville offers numerous opportunities in insurance and finance sectors. Companies like Fidelity National and Nationwide provide a range of roles. The city's business-friendly climate supports professional development.
Find Actuary jobs in Jacksonville, FL
-
Las Vegas, NV
Average Salary: $181,290
Las Vegas presents a bustling market for actuaries. Major firms such as MGM Resorts and Caesar’s Entertainment offer vibrant job prospects. The city's dynamic economy provides diverse opportunities for career growth.
Find Actuary jobs in Las Vegas, NV
-
Dayton, OH
Average Salary: $180,306
Dayton features a mix of established companies needing actuarial expertise. Local businesses like Wright-Patterson Air Force Base and Cincinnati Bell offer numerous opportunities. The professional environment is supportive of career advancement.
Find Actuary jobs in Dayton, OH
What are the best companies a Actuary can work for?
-
Munich Re
Average Salary: $213,689
Munich Re offers exciting roles for Actuaries in risk assessment. The company operates worldwide, with a strong presence in the U.S., Germany, and Asia. Munich Re provides a dynamic environment for actuarial professionals to thrive.
-
Brighthouse Financial
Average Salary: $212,115
At Brighthouse Financial, Actuaries play a key role in financial planning and risk management. The company operates across the U.S. and provides opportunities for actuarial professionals to work in various locations.
-
USAA
Average Salary: $191,800
USAA offers competitive salaries for Actuaries focused on insurance and financial services. The company operates in the U.S. and serves members of the military and their families. USAA values actuarial expertise for its risk management strategies.
-
DW Simpson
Average Salary: $190,823
DW Simpson provides opportunities for Actuaries in actuarial consulting and financial services. The company has offices in the U.S. and Europe. DW Simpson values the analytical skills of its actuarial team.
-
Deloitte
Average Salary: $185,445
Deloitte offers diverse roles for Actuaries in risk management and consulting. The company operates globally with offices in many countries. Deloitte provides a dynamic and challenging environment for actuarial professionals.
-
Genworth
Average Salary: $184,688
Genworth provides opportunities for Actuaries in the insurance and financial services sectors. The company operates in the U.S., Canada, and other international markets. Genworth values actuarial expertise for its risk assessment and financial planning.
-
Liberty Mutual Insurance
Average Salary: $176,565
Liberty Mutual Insurance offers roles for Actuaries in risk assessment and financial planning. The company operates globally with a strong presence in the U.S. and Europe. Liberty Mutual provides a dynamic environment for actuarial professionals.
-
Pacific Life
Average Salary: $175,809
Pacific Life offers opportunities for Actuaries in insurance and financial services. The company operates in the U.S. and provides actuarial professionals with opportunities to work in various locations.
-
The Standard Insurance
Average Salary: $174,330
The Standard Insurance provides roles for Actuaries in risk management and insurance. The company operates in the U.S. and values actuarial expertise for its financial planning and risk assessment.
-
Nationwide Mutual Insurance Company
Average Salary: $172,835
Nationwide Mutual Insurance Company offers roles for Actuaries in insurance and financial services. The company operates in the U.S. and provides opportunities for actuarial professionals to work in various locations.
How to earn more as a Actuary?
To earn more as an actuary, consider these key factors that can boost your salary. Gaining relevant experience is essential. The more you work in the field, the more valuable you become. Specializing in a specific area such as life insurance or pension plans can also increase your earning potential. Networking with other professionals in your field can lead to better job opportunities and higher pay. Continuing education and obtaining additional certifications can make you more competitive in the job market. Staying current with industry trends and technology can also lead to higher-paying roles.
Another important factor is location. Actuaries in certain areas may earn more due to higher demand or cost of living. Relocation to these areas can be a smart move for those looking to increase their income. Taking on leadership roles and managing projects can also lead to higher salaries. Negotiating salary during the hiring process is crucial. Being aware of industry salary standards and using that knowledge in negotiations can help secure a higher pay rate. Building a strong professional reputation can also lead to salary increases over time.
In summary, several factors can help an actuary earn more. Gaining experience, specializing, and networking can increase your value. Location, leadership roles, and salary negotiation are also important. Continuous education and staying current with industry trends will keep you competitive. A strong professional reputation can lead to higher pay over time.
