Pricing Actuary Salaries

Position

Salary

How much does a Pricing Actuary make?

The average salary for a Pricing Actuary is $181,006 per year in the US.

Graph depicting the yearly salary distribution for Pricing Actuary positions, showing an average salary of $181,006 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Pricing Actuary positions, showing an average salary of $181,006 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Pricing Actuary positions, showing an average salary of $181,006 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Pricing Actuary positions, showing an average salary of $181,006 with varying distribution percentages across salary ranges.

Pricing Actuaries play a vital role in setting insurance rates and financial products. They use their skills to analyze data and predict future trends. This important work comes with a good salary. The average yearly salary for a Pricing Actuary is around $181,006. This means many in this field can look forward to a stable income.

The salary for a Pricing Actuary can vary based on experience and location. Those just starting out may earn closer to $95,000 a year. As they gain more experience, their salary can rise. Top earners in this field can make over $360,000 annually. This range shows that with time and skill, a Pricing Actuary can achieve a very rewarding salary.

Factors that influence salary include education, years of experience, and the company's size. Advanced degrees and certifications can lead to higher salaries. Working for larger companies or in major cities often means higher pay. Staying updated with industry trends and gaining more experience can also lead to better-paying opportunities.

What are the highest paying cities for a Pricing Actuary?

Boston, MA, offers top-tier salaries for pricing actuaries, averaging around $185,000 per year. This makes it a competitive city for professionals in the field. Chicago, IL, closely follows with an average salary of $176,000, providing another excellent opportunity for actuaries.

Graph displaying highest paying cities salaries for Pricing Actuary jobs, highlighting Boston, MA with the highest at $185,085 and Chicago, IL with the lowest at $176,170.

Boston, MA
Average Salary: $185,085
In Boston, a career in actuarial pricing revolves around making key decisions for leading insurance firms. With companies like MassMutual and Liberty Mutual nearby, professionals get to tackle complex projects. They work closely with teams to develop fair and competitive pricing models.
Find Pricing Actuary jobs in Boston, MA
Chicago, IL
Average Salary: $176,170
Chicago offers a bustling environment for those in actuarial pricing. This city is home to giants like Allstate and Aon. Employees have the chance to engage in impactful work that supports insurance strategies. The dynamic market ensures constant learning and growth.
Find Pricing Actuary jobs in Chicago, IL

What are the best companies a Pricing Actuary can work for?

Pricing Actuaries can find excellent opportunities at DW Simpson, where they enjoy a top-tier average salary of $193,695. This company values skilled professionals and offers competitive benefits. Liberty Mutual Insurance also provides a strong average salary of $171,769 for Pricing Actuaries, making it another attractive choice. Both companies are known for their positive work environments and career growth potential. Actuaries in these firms benefit from robust training programs and advancement opportunities. Job seekers should consider these companies for their promising salaries and career support.

Graph displaying best paying company salaries for Pricing Actuary jobs, highlighting DW Simpson with the highest at $193,695 and Liberty Mutual Insurance with the lowest at $171,769.

DW Simpson
Average Salary: $193,695
DW Simpson provides comprehensive actuarial and consulting services. They seek pricing actuaries who can develop innovative pricing models. This company operates across the U.S. and globally, offering diverse opportunities for professionals.
Liberty Mutual Insurance
Average Salary: $171,769
Liberty Mutual Insurance is a global insurance giant. They hire pricing actuaries to analyze risk and develop pricing strategies for various insurance products. This company operates in multiple countries, providing global career prospects.

How to earn more as a Pricing Actuary?

Earning more as a Pricing Actuary involves a combination of skill development, strategic career moves, and continuous learning. Actuaries who understand their value can position themselves for higher compensation. They focus on areas that make them more competitive in the job market.

To increase earning potential, consider these key factors:

Certifications: Gain professional certifications like Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA). These credentials demonstrate expertise and commitment to the field.
Experience: Accumulate experience in pricing actuaries. Companies value seasoned professionals who can handle complex projects with less supervision.
Specialization: Develop expertise in specific industries such as health insurance, property and casualty, or life insurance. Specializing can open doors to higher-paying roles.
Networking: Build relationships within the actuarial community. Attend conferences, join professional groups, and connect with peers. Networking can lead to job opportunities and salary negotiations.
Continuous Learning: Stay updated with industry trends and advancements. Pursue further education, attend workshops, and read relevant publications. Continuous learning keeps skills sharp and competitive.

Pricing Actuary Salaries

How much does a Pricing Actuary make?

What are the highest paying cities for a Pricing Actuary?

What are the best companies a Pricing Actuary can work for?

How to earn more as a Pricing Actuary?

Currently 192 Pricing Actuary job openings, nationwide.

How's the job market for a Pricing Actuary in the US?

Win at hiring.