How much does a Actuary make?
Actuaries use math and statistics to assess risk in business. They work in many industries, including insurance, finance, and healthcare. Their job is very important because they help companies make smart decisions. Actuaries earn a good salary for their work. The average yearly salary for an actuary is around $164,773. This means they make a lot of money each year. Here are some more details about their salaries:
Actuaries can earn different amounts based on their experience and where they work. Here are some salary ranges for different experience levels:
- Entry-level actuaries earn between $89,520 and $106,836 per year.
- Mid-level actuaries earn between $124,153 and $141,469 per year.
- Senior actuaries earn between $158,785 and $176,102 per year.
- Experienced actuaries earn between $193,418 and $210,735 per year.
- Top-level actuaries earn between $228,051 and $280,000 per year.
What are the highest paying cities for a Actuary?
-
Cincinnati, OH
Average Salary: $194,381
Cincinnati offers a stable environment for those in the actuarial field. Companies like Procter & Gamble and American Financial Group provide excellent opportunities. The city's mix of urban and suburban settings makes it a great place to work and live.
Find Actuary jobs in Cincinnati, OH
-
San Antonio, TX
Average Salary: $191,338
San Antonio is a growing hub for actuarial professionals. With a strong presence of companies like USAA and Frost Bank, job seekers can find diverse roles. The city's vibrant culture and affordable living make it an attractive option.
Find Actuary jobs in San Antonio, TX
-
Tulsa, OK
Average Salary: $189,086
Tulsa provides a friendly atmosphere for actuaries. Companies such as ONEOK and BOK Financial offer solid career paths. The city's lower cost of living and strong community spirit add to its appeal.
Find Actuary jobs in Tulsa, OK
-
Colorado Springs, CO
Average Salary: $189,045
Colorado Springs is a great place for actuarial work. With employers like United States Air Force and Newmont Corporation, there are many opportunities. The city's beautiful scenery and outdoor activities make it a desirable location.
Find Actuary jobs in Colorado Springs, CO
-
Louisville, KY
Average Salary: $187,450
Louisville offers a mix of opportunities for actuaries. Companies like Humana and Yum! Brands provide a range of roles. The city's rich history and affordable living make it an attractive place to work.
Find Actuary jobs in Louisville, KY
-
New Orleans, LA
Average Salary: $187,231
New Orleans provides a vibrant setting for actuarial professionals. Companies like Entergy and Louisiana-Pacific Corporation offer diverse opportunities. The city's unique culture and lively atmosphere add to its charm.
Find Actuary jobs in New Orleans, LA
-
Tampa, FL
Average Salary: $184,961
Tampa is a growing city for actuarial jobs. With companies like Raymond James and TECO Energy, there are many career options. The city's warm climate and beautiful beaches make it a great place to live and work.
Find Actuary jobs in Tampa, FL
-
Fresno, CA
Average Salary: $180,020
Fresno offers a range of opportunities for actuaries. Companies like Farmers Insurance and Valley Children's Healthcare provide solid roles. The city's affordable living and strong agricultural sector add to its appeal.
Find Actuary jobs in Fresno, CA
-
Grand Rapids, MI
Average Salary: $179,620
Grand Rapids provides a supportive environment for actuarial work. Companies like Spectrum Health and Amway offer many opportunities. The city's rich history and vibrant arts scene make it an attractive place to work.
Find Actuary jobs in Grand Rapids, MI
-
Miami, FL
Average Salary: $178,890
Miami offers a dynamic setting for actuarial professionals. Companies like American Airlines and Carnival Corporation provide diverse roles. The city's vibrant culture and beautiful beaches make it a desirable location.
Find Actuary jobs in Miami, FL
What are the best companies a Actuary can work for?
-
EY
Average Salary: $223,282
EY offers exciting opportunities for Actuaries. They work in various locations, including New York, Chicago, and San Francisco. EY focuses on providing top-notch services in assurance, tax, consulting, and strategy.
-
USAA
Average Salary: $208,964
USAA provides rewarding roles for Actuaries. They operate in San Antonio, Charlotte, and Dallas. USAA specializes in financial services for military members and their families.
-
Deloitte
Average Salary: $191,695
Deloitte offers competitive Actuary positions. They work in cities like New York, Los Angeles, and Washington, D.C. Deloitte is a global leader in audit, consulting, financial advisory, and tax services.
-
Pacific Life
Average Salary: $184,452
Pacific Life provides excellent opportunities for Actuaries. They work in locations such as Irvine, San Francisco, and Omaha. Pacific Life focuses on life insurance and financial products.
-
DW Simpson
Average Salary: $181,166
DW Simpson offers attractive Actuary roles. They operate in cities like Chicago, New York, and San Francisco. DW Simpson is a leading executive search firm.
-
Liberty Mutual Insurance
Average Salary: $176,364
Liberty Mutual Insurance provides rewarding Actuary positions. They work in Boston, Hartford, and Toronto. Liberty Mutual is a major provider of property and casualty insurance.
-
Nationwide Mutual Insurance Company
Average Salary: $170,148
Nationwide offers excellent Actuary roles. They operate in Columbus, Phoenix, and New York. Nationwide is a leading provider of auto, home, and life insurance.
-
MassMutual
Average Salary: $166,429
MassMutual provides rewarding Actuary positions. They work in Springfield, New York, and Boston. MassMutual specializes in life insurance and retirement services.
-
CVS Health
Average Salary: $163,475
CVS Health offers competitive Actuary roles. They work in Woonsocket, Boston, and Hartford. CVS Health is a leading health solutions company.
-
AXA
Average Salary: $162,556
AXA provides attractive Actuary positions. They operate in Paris, New York, and London. AXA is a leading global provider of insurance and asset management.
How to earn more as a Actuary?
Actuaries use math and statistics to assess risk in business. They work in many industries, including insurance, finance, and healthcare. If you want to earn more as an actuary, consider these factors. They can help you advance your career and increase your salary.
First, gaining more experience can lead to higher pay. Experienced actuaries often take on more complex tasks. They may manage projects or lead teams. This can result in higher salaries. Second, getting a professional certification can boost your earnings. Certifications like the Fellow of the Society of Actuaries (FSA) or the Actuarial Exam P are highly valued. They show you have the skills and knowledge needed for advanced roles.
Third, specializing in a niche area can also increase your pay. Areas like life insurance, pension plans, or health care can offer higher salaries. Fourth, working for a larger or more prestigious company can lead to better pay. These companies often have more resources and can offer higher salaries. Finally, continuing education can help you stay competitive. Taking courses or attending workshops can keep your skills up to date. This can make you more valuable to employers.
By focusing on these factors, actuaries can improve their career prospects and earn more. With dedication and the right steps, you can achieve your financial goals.
- Gain more experience
- Get professional certifications
- Specialize in a niche area
- Work for a larger or prestigious company
- Continue education and training
