How much does an Actuary make in the United States?
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The average Actuary salary in the United States is $134,271 as of November 27, 2023. The range for our most popular Actuary positions (listed below) typically falls between $68,981 and $199,561. Keep in mind that salary ranges can vary widely depending on many important factors, including position, education, certifications, additional skills, and the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Actuary's Annual Base Salary
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Actuary IV | $140,807 | $67.70 | United States | November 27, 2023 |
| Actuary I | $78,031 | $37.52 | United States | November 27, 2023 |
| Actuary III | $114,618 | $55.10 | United States | November 27, 2023 |
| Actuary II | $91,177 | $43.84 | United States | November 27, 2023 |
| Actuary V | $147,363 | $70.85 | United States | November 27, 2023 |
| Actuarial Fellow | $181,589 | $87.30 | United States | November 27, 2023 |
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Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Incumbents have achieved an Associate, Society of Actuaries (ASA) designation and may be pursuing a Fellow, Society of Actuaries (FSA) designation. Requires a bachelor's degree. Typically reports to a manager. A specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. Typically requires 7+ years of related experience. View Actuary IV SalaryAlternate Job Titles:Actuarial Analyst IV, Senior Consultant Actuary, Actuary IV
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Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience. View Actuary I SalaryAlternate Job Titles:Actuarial Analyst I, Associate Actuary, Entry Actuary, Entry Level Actuary, Actuary I
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Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Incumbents typically have achieved an Associate, Society of Actuaries (ASA) designation. Requires a bachelor's degree. Typically reports to a manager. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. View Actuary III SalaryAlternate Job Titles:Actuarial Analyst III, Consultant Actuary, Senior Actuary, Actuary III
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Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, natural disasters, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Incumbents typically pursuing an Associate, Society of Actuaries (ASA) designation. Requires a bachelor's degree of accounting or finance. Typically reports to a supervisor or a manager. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Typically requires 2 to 4 years of related experience. View Actuary II SalaryAlternate Job Titles:Actuarial Analyst II, Intermediate Actuary, Senior Associate Actuary, Actuary II
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Conducts analysis, pricing and risk assessment to estimate financial outcomes. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Develops probability tables regarding fire, death, unemployment, etc. based on analysis of statistical data and other pertinent information. Requires a bachelor's degree. Typically reports to a manager. Requires Associate of the Casualty Actuarial Society (ACAS). Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Works autonomously. Goals are generally communicated in solution or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Typically requires 10+ years of related experience. View Actuary V SalaryAlternate Job Titles:Actuarial Analyst V, Actuarial Principal, Actuary V
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Responsible for applying mathematical analyses and financial principles to amend insurance problems. Applies probability and statistics to determine rates for retirement, accident, mortality, disability and other insurance rates. Determines premiums, designs insurance plans, creates probability charts and may aid in the calculation of necessary funds to ensure future payments of benefits. Typically works in either property and casualty, life and health insurance, or defined benefit plans. Typically requires a bachelor's degree in statistics, mathematics, economics, or related. Typically reports to a manager. Years of experience may be unspecified. Certification and/or licensing in the position's specialty is the main requirement. View Actuarial Fellow SalaryAlternate Job Titles:Chief Advising Actuary, Chief Consulting Actuary, Fellow, The Society of Actuaries, Actuarial Fellow