Pricing Actuary Salaries

Position

Salary

How much does a Pricing Actuary make?

The average salary for a Pricing Actuary is $177,213 per year in the US.

Graph depicting the yearly salary distribution for Pricing Actuary positions, showing an average salary of $177,213 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Pricing Actuary positions, showing an average salary of $177,213 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Pricing Actuary positions, showing an average salary of $177,213 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Pricing Actuary positions, showing an average salary of $177,213 with varying distribution percentages across salary ranges.

Pricing Actuaries play a vital role in the insurance and financial sectors. They assess the risks and costs associated with different pricing models. This role demands a strong understanding of mathematics, statistics, and risk assessment. The average yearly salary for a Pricing Actuary is around $177,213.

Salaries can vary based on experience and location. Early-career Pricing Actuaries may start at around $102,000. With more experience, salaries can rise to $136,024 or higher. Top earners in the field can make over $289,132 per year. This shows that dedication and expertise can lead to significant financial rewards.

What are the highest paying cities for a Pricing Actuary?

For Pricing Actuaries, cities like Boston, MA, and Chicago, IL, offer some of the highest salaries in the industry. Boston pays an average of $182,709, while Chicago follows closely with $180,218. These cities provide lucrative opportunities for those in the field. Choosing to work in these cities can significantly boost a Pricing Actuary's earnings. The competitive nature of these markets reflects the demand for skilled professionals. Actuaries can expect attractive compensation packages in these locations.

Graph displaying highest paying cities salaries for Pricing Actuary jobs, highlighting Boston, MA with the highest at $182,709 and Chicago, IL with the lowest at $180,218.

Boston, MA
Average Salary: $182,709
Working in Boston, job seekers often find opportunities to support major insurance companies and consultancies. Key employers include State Street and Liberty Mutual. The vibrant tech and financial sectors offer diverse pathways for professionals.
Find Pricing Actuary jobs in Boston, MA
Chicago, IL
Average Salary: $180,218
In Chicago, professionals enjoy a thriving finance industry that attracts top companies like Allstate and Prudential. The city’s central role in insurance makes it an excellent place for actuarial work. Employees benefit from a dynamic job market and various career advancement opportunities.
Find Pricing Actuary jobs in Chicago, IL

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

DW Simpson pays its Pricing Actuaries the most, with an average salary of $191,295. Liberty Mutual Insurance follows closely, offering an average salary of $180,423. American Family Insurance also stands out with an average salary of $150,500. Each of these companies values their Pricing Actuaries highly, reflecting in their competitive compensation packages. If aiming for a lucrative career in this field, these companies provide excellent opportunities. They offer not only financial rewards but also a chance to grow in a stable environment.

Graph displaying best paying company salaries for Pricing Actuary jobs, highlighting DW Simpson with the highest at $191,295 and American Family Insurance with the lowest at $150,500.

DW Simpson
Average Salary: $191,295
DW Simpson offers one of the best salaries for Pricing Actuaries. This firm specializes in risk management and actuarial consulting. It operates across the United States, including major offices in cities like Chicago and New York.
Liberty Mutual Insurance
Average Salary: $180,423
Liberty Mutual Insurance provides competitive salaries for Pricing Actuaries. This global insurance company is known for its innovative approach to risk management. It has numerous locations in the U.S., including Boston and San Francisco.
American Family Insurance
Average Salary: $150,500
American Family Insurance offers good salaries for Pricing Actuaries. This company focuses on providing a wide range of insurance products. It operates in several states across the U.S., including Wisconsin and Florida.

How to earn more as a Pricing Actuary?

A Pricing Actuary can increase earnings by focusing on a few key areas. They should prioritize gaining experience and expertise in their field. This involves working on a variety of pricing projects and mastering the tools and software used in the industry. Continuing education and staying updated with industry trends help an actuary remain competitive and valuable.

Gaining certifications and licenses can also lead to higher earnings. Professional certifications, such as the Associate of the Society of Actuaries (ASA) or the Fellow of the Society of Actuaries (FSA), demonstrate a high level of knowledge and commitment to the profession. These credentials can open up more job opportunities and higher salary ranges. Networking with industry professionals and joining professional associations provide additional support and resources for career growth.

Specializing in a niche area can be another effective strategy. Actuaries who focus on specific industries, such as health insurance, property and casualty, or life insurance, can command higher pay. Expertise in emerging areas, such as data analytics and risk management, also adds value. Collaborating with other professionals and contributing to research or publications in the field can enhance an actuary's reputation and earning potential.

Here are some factors to consider for increasing earnings:

Gain experience and expertise
Obtain professional certifications
Specialize in a niche area
Network with industry professionals
Stay updated with industry trends

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 236 Pricing Actuary job openings, nationwide.

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

Win at hiring.