Pricing Actuary Salaries

Position

Salary

How much does a Pricing Actuary make?

The average salary for a Pricing Actuary is $184,498 per year in the US.

Graph depicting the yearly salary distribution for Pricing Actuary positions, showing an average salary of $184,498 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Pricing Actuary positions, showing an average salary of $184,498 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Pricing Actuary positions, showing an average salary of $184,498 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Pricing Actuary positions, showing an average salary of $184,498 with varying distribution percentages across salary ranges.

Pricing Actuaries play a vital role in the insurance and financial industries. Their job is to calculate the fair prices for insurance policies and financial products. This job requires strong math and analytical skills. It pays very well, too. The average yearly salary for a Pricing Actuary is about $184,498. This means most people in this field earn somewhere around this amount each year.

Salaries can vary based on experience and location. Here are some examples. New Pricing Actuaries might start around $95,000. Those with a few years of experience may earn between $143,182 and $167,273. Experienced professionals can earn over $215,000 per year. In some top markets, the salary can go even higher. A Pricing Actuary in the top 10% of earners can make more than $311,818 a year.

What are the highest paying cities for a Pricing Actuary?

Boston and Chicago are top spots for Pricing Actuary jobs. Boston offers an average salary of $185,085, while Chicago is not far behind at $182,032. These cities provide excellent opportunities for those in this field.

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 $182,032.

Boston, MA
Average Salary: $185,085
Working in Boston offers a dynamic environment with top firms like MassMutual and Liberty Mutual. Professionals here blend deep analytical skills with local market insights to shape competitive pricing strategies. The strong educational institutions nearby create a fertile ground for continuous learning and career growth.
Find Pricing Actuary jobs in Boston, MA
Chicago, IL
Average Salary: $182,032
In Chicago, actuaries thrive with the support of industry giants such as Allstate and Aon. They bring expertise to pricing models that reflect the city's diverse market. Chicago's vibrant business ecosystem provides ample opportunities for networking and professional development.
Find Pricing Actuary jobs in Chicago, IL

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

DW Simpson offers some of the best salaries for Pricing Actuary jobs. Those who work here can expect to earn around $184,950 a year. Liberty Mutual Insurance also pays well, with an average salary of $171,769. Both companies provide competitive benefits and opportunities for growth. Pricing Actuaries at these firms play a vital role in assessing risk and setting insurance rates. This job requires strong analytical skills and attention to detail. Working for these top-paying companies can offer job satisfaction and financial stability.

Graph displaying best paying company salaries for Pricing Actuary jobs, highlighting DW Simpson with the highest at $184,950 and Liberty Mutual Insurance with the lowest at $171,769.

DW Simpson
Average Salary: $184,950
DW Simpson is a top-tier actuarial firm that offers competitive salaries for Pricing Actuaries. The company operates across the United States and values the expertise of its actuaries in setting fair prices for insurance products. DW Simpson's Pricing Actuaries work with clients nationwide to ensure accurate and profitable pricing strategies.
Liberty Mutual Insurance
Average Salary: $171,769
Liberty Mutual Insurance provides a rewarding environment for Pricing Actuaries. This company, based in Boston, MA, and with offices across the country, relies on its actuaries to analyze data and create models that predict future costs. Liberty Mutual's Pricing Actuaries are integral in determining insurance rates and managing risk effectively.

How to earn more as a Pricing Actuary?

Increasing your earnings as a pricing actuary requires a blend of skills and experience. Focus on these key areas to enhance your market value and salary potential. A solid foundation in actuarial science provides the necessary knowledge for complex pricing tasks. Mastery of statistical methods and software helps in making accurate pricing models. Building a strong professional network opens doors to higher-paying job opportunities.

Additional certifications can boost earning potential. The Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA) credentials can set a pricing actuary apart. These certifications demonstrate a commitment to the profession and advanced expertise. A pricing actuary who takes on leadership roles, such as managing projects or teams, often earns more than their counterparts. These roles involve higher responsibility and require advanced skills. Specializing in a niche area, such as healthcare or property/casualty insurance, can also lead to higher pay. Specialized knowledge makes the actuary more valuable to employers in that specific market.

Here are five factors to consider for earning more as a pricing actuary:

Gain relevant certifications (ASA, FSA).
Take on leadership roles.
Specialize in a niche market.
Master statistical methods and software.
Build a strong professional network.

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 117 Pricing Actuary job openings, nationwide.

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

Win at hiring.