Pricing Actuary Salaries

Position

Salary

How much does a Pricing Actuary make?

The average salary for a Pricing Actuary is $178,458 per year in the US.

Graph depicting the yearly salary distribution for Pricing Actuary positions, showing an average salary of $178,458 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Pricing Actuary positions, showing an average salary of $178,458 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Pricing Actuary positions, showing an average salary of $178,458 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Pricing Actuary positions, showing an average salary of $178,458 with varying distribution percentages across salary ranges.

A Pricing Actuary plays a key role in determining the cost of insurance policies. They use their skills to analyze data and create models that help set fair prices. This job can be very rewarding, both in terms of job satisfaction and salary. The average yearly salary for a Pricing Actuary is around $178,458. This means that many people in this role earn a good living.

The salary of a Pricing Actuary can vary based on experience and location. Those with more experience often earn higher salaries. Here are some common salary ranges:

25% of Pricing Actuaries earn between $137,273 and $159,545 per year.
50% of Pricing Actuaries earn between $159,545 and $181,818 per year.
75% of Pricing Actuaries earn between $181,818 and $204,091 per year.

These numbers show that many Pricing Actuaries earn a very competitive salary. This makes it a great career choice for those with the right skills and experience.

What are the highest paying cities for a Pricing Actuary?

Chicago, IL, offers some of the highest salaries for Pricing Actuary jobs. The average salary in this city reaches $182,789. This makes it a prime location for professionals seeking top compensation in this field. Actuaries in Chicago can expect competitive benefits and opportunities for career growth. The city's strong financial sector supports a demand for skilled actuaries.

Graph displaying highest paying cities salaries for Pricing Actuary jobs, highlighting Chicago, IL with the highest at $182,789 and Chicago, IL with the lowest at $182,789.

Chicago, IL
Average Salary: $182,789
In Chicago, actuaries thrive in a dynamic financial hub. They work with top firms, like Allstate and Gallagher, to assess risk and set premiums. The city's strong economy offers many opportunities for career growth.
Find Pricing Actuary jobs in Chicago, IL

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

Liberty Mutual Insurance offers top pay for Pricing Actuaries, with an average salary of $174,409. This company values skilled professionals and rewards them well. American Family Insurance also provides a competitive salary of $150,500 for Pricing Actuaries, making it another excellent choice for those in the field.

Graph displaying best paying company salaries for Pricing Actuary jobs, highlighting Liberty Mutual Insurance with the highest at $174,409 and American Family Insurance with the lowest at $150,500.

Liberty Mutual Insurance
Average Salary: $174,409
Liberty Mutual Insurance offers rewarding roles for Pricing Actuaries. They work in various locations, including Boston, Massachusetts, and Des Plaines, Illinois. At Liberty Mutual, Pricing Actuaries analyze data to set insurance prices. They use statistical models to predict future claims and costs. This role requires strong analytical skills and attention to detail.
American Family Insurance
Average Salary: $150,500
American Family Insurance provides excellent opportunities for Pricing Actuaries. They operate in Madison, Wisconsin, and other locations. Here, Pricing Actuaries develop pricing strategies for insurance products. They work with data to ensure fair and competitive rates. This role involves collaborating with different teams to understand market trends and customer needs.

How to earn more as a Pricing Actuary?

A Pricing Actuary can increase their earnings through various strategies. They can focus on gaining more experience in the field. This experience helps them understand market trends and pricing models better. They can also specialize in a niche area, such as health insurance or property and casualty. Specialization can make them more valuable to employers.

Networking plays a key role in earning more. Building relationships with industry professionals can lead to better job opportunities. Attending conferences and joining professional organizations can help. Staying updated with the latest industry trends and technologies is also important. This knowledge can make them more competitive in the job market. Finally, pursuing advanced certifications can enhance their skills and increase their earning potential.

Here are five factors that can help a Pricing Actuary earn more:

Gain more experience in the field.
Specialize in a niche area.
Network with industry professionals.
Stay updated with industry trends and technologies.
Pursue advanced certifications.

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 123 Pricing Actuary job openings, nationwide.

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

Win at hiring.