How much does a Actuary make?
Actuaries use math and statistics to assess risks in business. They work in many industries, including insurance, finance, and healthcare. Their job is important for helping companies make smart decisions. Actuaries earn a good salary for their work. The average yearly salary for an actuary is around $162,141. This means they make a lot of money each year.
Actuaries can earn different amounts based on their experience and where they work. Here are some salary ranges for actuaries:
- The lowest 10% earn about $88,224.
- The next 20% earn between $105,658 and $140,526.
- The middle 20% earn between $140,526 and $175,395.
- The next 20% earn between $175,395 and $210,263.
- The highest 10% earn more than $227,697.
What are the highest paying cities for a Actuary?
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Cincinnati, OH
Average Salary: $200,529
Cincinnati offers a stable job market for those in the actuarial field. Companies like Procter & Gamble and American Financial Group provide excellent opportunities. The city's business environment supports growth and career advancement.
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Colorado Springs, CO
Average Salary: $200,371
Colorado Springs is a growing hub for actuarial professionals. The presence of major employers like United States Air Force Academy and Pikes Peak Region boosts job prospects. The city's lower cost of living enhances overall job satisfaction.
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San Antonio, TX
Average Salary: $193,646
San Antonio provides a vibrant job market for actuaries. Companies such as USAA and Frost Bank offer diverse opportunities. The city's strong economy and affordable living make it an attractive choice for professionals.
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Tampa, FL
Average Salary: $190,034
Tampa is a great place for actuarial careers. Employers like Raymond James Financial and Florida Blue offer many job opportunities. The city's warm climate and growing industries support a dynamic work environment.
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Tulsa, OK
Average Salary: $189,086
Tulsa offers a solid job market for actuaries. Companies like ONEOK and BOK Financial Corporation provide excellent career opportunities. The city's affordable living and strong community make it a desirable place to work.
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Grand Rapids, MI
Average Salary: $187,754
Grand Rapids is a thriving city for actuarial professionals. Employers like Spectrum Health and Amway offer many job opportunities. The city's rich history and growing economy support career growth and stability.
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Louisville, KY
Average Salary: $187,450
Louisville provides a strong job market for actuaries. Companies like Humana and Kentucky Fried Chicken offer diverse opportunities. The city's affordable living and vibrant culture enhance job satisfaction.
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New Orleans, LA
Average Salary: $187,231
New Orleans offers a unique job market for actuaries. Employers like Entergy and Ochsner Health provide many opportunities. The city's rich culture and growing industries support a dynamic work environment.
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Las Vegas, NV
Average Salary: $187,133
Las Vegas provides a dynamic job market for actuaries. Companies like MGM Resorts and Caesars Entertainment offer many opportunities. The city's vibrant economy and entertainment industry enhance career prospects.
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Kansas City, MO
Average Salary: $186,168
Kansas City offers a stable job market for actuarial professionals. Companies like Sprint and HCA Healthcare provide excellent opportunities. The city's affordable living and strong community make it a desirable place to work.
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What are the best companies a Actuary can work for?
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EY
Average Salary: $236,864
EY offers a dynamic environment for actuaries. They work on complex projects, using advanced analytics to help clients make informed decisions. EY operates globally, with offices in major cities worldwide.
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USAA
Average Salary: $208,759
USAA provides actuaries with opportunities to work on financial products and risk management. They focus on serving military members and their families. USAA has locations across the United States, ensuring a wide range of opportunities.
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Deloitte
Average Salary: $185,766
Deloitte offers actuaries the chance to work on innovative projects. They focus on risk management and financial consulting. Deloitte has a global presence, with offices in many major cities.
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Pacific Life
Average Salary: $184,705
Pacific Life provides actuaries with opportunities to work on life insurance and retirement products. They focus on helping clients secure their financial future. Pacific Life operates in the United States and several international markets.
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Liberty Mutual Insurance
Average Salary: $176,854
Liberty Mutual Insurance offers actuaries roles in risk assessment and financial modeling. They focus on providing insurance solutions to clients. Liberty Mutual has offices in many countries, offering diverse opportunities.
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DW Simpson
Average Salary: $175,691
DW Simpson provides actuaries with opportunities to work on compensation and benefits consulting. They focus on helping companies manage employee benefits effectively. DW Simpson operates in the United States and Canada.
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Nationwide Mutual Insurance Company
Average Salary: $168,964
Nationwide offers actuaries roles in risk management and financial analysis. They focus on providing insurance and financial services. Nationwide has a strong presence in the United States.
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Rsm
Average Salary: $168,796
Rsm provides actuaries with opportunities in consulting and advisory services. They focus on helping businesses manage their financial risks. Rsm operates in the United States and several international locations.
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MassMutual
Average Salary: $166,791
MassMutual offers actuaries roles in life insurance and financial planning. They focus on helping clients achieve their financial goals. MassMutual operates in the United States and several international markets.
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AXA
Average Salary: $165,871
AXA provides actuaries with opportunities in insurance and financial services. They focus on offering comprehensive insurance solutions. AXA has a global presence, with offices in many countries.
How to earn more as a Actuary?
Actuaries use math and statistics to assess risk. They work in many industries, including insurance, finance, and healthcare. If you want to earn more as an Actuary, consider these key factors. They can help you advance your career and increase your salary.
First, gaining more experience can lead to higher pay. Actuaries often start in entry-level positions. As you gain experience, you can take on more complex tasks. This can lead to promotions and higher salaries. Second, getting additional certifications can boost your earning potential. Many actuaries pursue certifications in specialized areas. These can include life insurance, pensions, or health insurance. These certifications can make you more valuable to employers.
Third, working in a high-demand area can increase your salary. Some industries, like insurance and finance, always need skilled actuaries. Working in these areas can lead to higher pay. Fourth, moving to a higher-paying region can also help. Salaries for actuaries can vary by location. Cities with a higher cost of living often offer higher salaries. Finally, networking with other professionals can open up new opportunities. Attend industry events and join professional organizations. This can help you learn about job openings and salary trends.
By focusing on these factors, actuaries can increase their earnings. With dedication and hard work, you can achieve a higher salary and advance your career.
- Gain more experience
- Get additional certifications
- Work in a high-demand area
- Move to a higher-paying region
- Network with other professionals
