Pricing Actuary Salaries

Position

Salary

How much does a Pricing Actuary make?

The average salary for a Pricing Actuary is $176,243 per year in the US.

Graph depicting the yearly salary distribution for Pricing Actuary positions, showing an average salary of $176,243 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Pricing Actuary positions, showing an average salary of $176,243 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Pricing Actuary positions, showing an average salary of $176,243 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Pricing Actuary positions, showing an average salary of $176,243 with varying distribution percentages across salary ranges.

A Pricing Actuary plays a vital role in ensuring that the products and services provided by a company are priced correctly. This involves analyzing data and making predictions about future trends. With the right skills and experience, professionals in this field can earn a good salary. The average yearly salary for a Pricing Actuary stands at $176,243. This varies based on experience and location.

Pricing Actuaries earn salaries in a range from lower to higher levels. At the entry level, with little to no experience, salaries can start at around $95,000. With a few years of experience, this can rise significantly, reaching up to $167,000 annually. Mid-level Pricing Actuaries, who have several years of experience under their belts, can earn between $143,000 and $191,000 each year. For those with many years of experience or in senior roles, salaries can go beyond $215,000 annually. These numbers can vary based on the specific industry and geographic location.

What are the highest paying cities for a Pricing Actuary?

Boston, MA, stands out as one of the top cities for Pricing Actuary jobs, offering one of the highest average salaries in the field. A Pricing Actuary in Boston can expect to earn around $188,793 annually. Job seekers aiming for a lucrative career in actuarial pricing will find Boston to be a highly attractive option.

Graph displaying highest paying cities salaries for Pricing Actuary jobs, highlighting Boston, MA with the highest at $188,793 and Boston, MA with the lowest at $188,793.

Boston, MA
Average Salary: $188,793
In Boston, working as an actuary offers opportunities with top firms such as State Street and Liberty Mutual. Professionals here use data to assess risks and create pricing strategies. The vibrant tech scene adds to the dynamic work environment.
Find Pricing Actuary jobs in Boston, MA

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

WAVE and WAHVE LLC offer top-notch salaries for pricing actuaries, with both companies paying an average of $225,000 annually. These roles attract highly skilled professionals in the field. CSAA Insurance Group, a AAA Insurer, also provides a competitive salary of $143,425 for this position, making it an attractive option for those in the industry.

Graph displaying best paying company salaries for Pricing Actuary jobs, highlighting WAVE with the highest at $225,000 and CSAA Insurance Group, a AAA Insurer with the lowest at $143,425.

WAVE
Average Salary: $225,000
WAVE offers exciting opportunities for Pricing Actuaries. They work in various locations, including the headquarters in San Francisco. At WAVE, Pricing Actuaries develop models to price insurance products and manage risks. This role requires a blend of technical skills and strategic thinking.
WAHVE LLC
Average Salary: $225,000
WAHVE LLC provides a dynamic environment for Pricing Actuaries. They have offices in New York and Los Angeles. At WAHVE, Pricing Actuaries play a key role in creating pricing strategies for insurance products. They collaborate with actuaries and data scientists to ensure accurate pricing models.
CSAA Insurance Group, a AAA Insurer
Average Salary: $143,425
CSAA Insurance Group offers rewarding career paths for Pricing Actuaries. They operate in multiple locations, including Denver and Phoenix. At CSAA, Pricing Actuaries work on pricing models for auto, home, and life insurance. They focus on data analysis to support accurate and competitive pricing.

How to earn more as a Pricing Actuary?

A Pricing Actuary can increase earnings by focusing on several key factors. These strategies help enhance their expertise and value in the job market. They should aim to grow both professionally and financially.

First, gaining specialized certifications can lead to higher salaries. Certifications from recognized bodies like the Society of Actuaries can make a Pricing Actuary more attractive to employers. Second, expanding experience in different industries can lead to better opportunities. Diversifying industry knowledge can open doors to higher-paying roles. Third, staying updated on industry trends ensures a Pricing Actuary remains competitive. Attending workshops and conferences keeps skills sharp. Fourth, networking with other professionals creates opportunities for job advancement. Building a strong professional network can lead to job offers and promotions. Lastly, enhancing communication skills helps in negotiating better salaries. Clear and effective communication with colleagues and clients is crucial.

Consider these steps to increase earnings:

Get specialized certifications.
Gain experience in various industries.
Stay updated on industry trends.
Network with other professionals.
Improve communication skills.

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 131 Pricing Actuary job openings, nationwide.

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

Win at hiring.