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 important because they help companies make smart decisions. Actuaries often earn a good salary. The average yearly salary for an actuary is around $157,296. This means that many actuaries make a comfortable living.
Actuaries can earn different amounts based on their experience and where they work. Here are some average salaries for actuaries at different experience levels:
- Entry-level actuaries: $85,000
- Experienced actuaries: $209,091
- Senior actuaries: $262,273
What are the highest paying cities for a Actuary?

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Colorado Springs, CO
Average Salary: $200,371
Colorado Springs offers a vibrant community with a strong focus on technology and innovation. Professionals in this field often work for companies like Pikes Peak Region and Broadmoor. The city's growing economy provides many opportunities for career growth.
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Cincinnati, OH
Average Salary: $198,919
Cincinnati is known for its rich history and diverse industries. Actuaries here often find work with major firms like Procter & Gamble and Kroger. The city's business-friendly environment supports a thriving career in actuarial science.
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San Antonio, TX
Average Salary: $194,729
San Antonio boasts a dynamic job market with a mix of industries. Companies like AT&T and H-E-B offer exciting opportunities for actuaries. The city's warm climate and affordable living make it an attractive place to work.
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Tampa, FL
Average Salary: $185,859
Tampa is a growing city with a strong focus on finance and insurance. Actuaries here often work for companies like Raymond James and Florida Blue. The city's coastal location offers a relaxed lifestyle and plenty of outdoor activities.
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Kansas City, MO
Average Salary: $179,132
Kansas City is a hub for finance and insurance, offering many opportunities for actuaries. Companies like Sprint and HCA Healthcare provide a stable work environment. The city's rich cultural scene adds to its appeal.
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Miami, FL
Average Salary: $177,780
Miami is a vibrant city with a diverse economy. Actuaries here often work for firms like American Airlines and UnitedHealth Group. The city's warm weather and diverse population create a unique work environment.
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Richmond, VA
Average Salary: $172,743
Richmond offers a mix of industries and a strong job market for actuaries. Companies like Dominion Energy and Altria Group provide excellent opportunities. The city's historical charm and affordable living make it a great place to work.
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Columbus, OH
Average Salary: $172,012
Columbus is a growing city with a strong focus on education and healthcare. Actuaries here often find work with companies like Nationwide and Huntington Bank. The city's central location and affordable living add to its appeal.
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Phoenix, AZ
Average Salary: $170,874
Phoenix offers a warm climate and a strong job market for actuaries. Companies like State Farm and Banner Health provide many opportunities. The city's growing economy and outdoor activities make it an attractive place to work.
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San Diego, CA
Average Salary: $170,359
San Diego is known for its beautiful beaches and strong economy. Actuaries here often work for companies like Qualcomm and Kaiser Permanente. The city's mild climate and vibrant culture create a great work environment.
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What are the best companies a Actuary can work for?

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EY
Average Salary: $240,416
EY offers a dynamic environment for actuaries. They work on complex projects and have offices in major cities like New York, Los Angeles, and Chicago. EY values innovation and provides opportunities for growth.
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USAA
Average Salary: $207,279
USAA provides a stable and rewarding career for actuaries. They focus on serving military members and their families. Locations include San Antonio, Charlotte, and Houston, offering a supportive work culture.
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Pacific Life
Average Salary: $184,402
Pacific Life offers actuaries the chance to work in the insurance sector. They have offices in cities like Irvine, Denver, and New York. The company emphasizes teamwork and professional development.
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Deloitte
Average Salary: $178,809
Deloitte provides a diverse range of opportunities for actuaries. They operate in major cities such as San Francisco, New York, and Chicago. Deloitte focuses on innovation and client service.
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Liberty Mutual Insurance
Average Salary: $174,988
Liberty Mutual Insurance offers actuaries a chance to work in the insurance industry. They have offices in Boston, New York, and Toronto. The company values risk management and customer satisfaction.
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DW Simpson
Average Salary: $171,402
DW Simpson provides actuaries with a strong foundation in the insurance sector. They have offices in Chicago, New York, and San Francisco. The company emphasizes career growth and client service.
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Rsm
Average Salary: $168,796
Rsm offers actuaries a chance to work in various industries. They have offices in major cities like Chicago, New York, and Los Angeles. Rsm values innovation and professional development.
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MassMutual
Average Salary: $167,239
MassMutual provides actuaries with a stable career in the insurance industry. They have offices in Springfield, New York, and Boston. The company focuses on long-term growth and customer service.
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Nationwide Mutual Insurance Company
Average Salary: $166,208
Nationwide offers actuaries a chance to work in the insurance sector. They have offices in Columbus, New York, and Phoenix. The company values innovation and customer satisfaction.
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The Hartford
Average Salary: $164,461
The Hartford provides actuaries with a rewarding career in the insurance industry. They have offices in Hartford, New York, and Chicago. The company emphasizes risk management and customer service.
How to earn more as a Actuary?
Aspiring actuaries can take several steps to increase their earning potential. One key factor is gaining relevant experience. Working in diverse areas of actuarial science helps build a strong portfolio. This experience can lead to higher-paying positions. Another important factor is obtaining advanced certifications. These credentials can open doors to more lucrative roles. Actuaries with specialized skills, such as in risk management or financial forecasting, often command higher salaries. Networking within the industry also plays a crucial role. Building relationships with other professionals can lead to job opportunities that offer better pay. Lastly, staying updated with industry trends and technologies can make an actuary more valuable to employers.
Actuaries who seek out leadership roles can also earn more. Taking on responsibilities such as managing teams or projects can lead to higher compensation. Continuing education and professional development are vital. Attending workshops, seminars, and courses can enhance skills and knowledge. This ongoing learning can make an actuary more competitive in the job market. By focusing on these areas, actuaries can improve their earning potential and career prospects.
Here are five factors to consider for earning more as an actuary:
- Gain relevant experience in various areas of actuarial science.
- Obtain advanced certifications to enhance credentials.
- Develop specialized skills in high-demand areas.
- Network with other professionals to discover new job opportunities.
- Stay updated with industry trends and technologies.