How much does an Actuary III make in Massachusetts? The average Actuary III salary in Massachusetts is $125,604 as of February 26, 2024, but the range typically falls between $111,268 and $138,430. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

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Actuary III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Actuary III Salary $98,217 MA February 26, 2024
25th Percentile Actuary III Salary $111,268 MA February 26, 2024
50th Percentile Actuary III Salary $125,604 MA February 26, 2024
75th Percentile Actuary III Salary $138,430 MA February 26, 2024
90th Percentile Actuary III Salary $150,108 MA February 26, 2024
25% $111,268 10% $98,217 90% $150,108 75% $138,430 $125,604 50%(Median) Didn’t find job title? Click
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What skills does an Actuary III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

3.

Programming: Executing logic to facilitate computing operations and functionality in one or more languages.

Analysis 8.48%
Life Insurance 2.16%
Programming 1.3%
Others 88.06%

Job Description for Actuary III

Actuary III 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. Being an Actuary III 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. Additionally, Actuary III requires a bachelor's degree. Typically reports to a manager. The Actuary III contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be an Actuary III typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Actuary III in Massachusetts

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Location Avg. Salary Date Updated
Location Attleboro, MA Avg. Salary $121,529 Date Updated February 26, 2024
Location Barnstable, MA Avg. Salary $122,837 Date Updated February 26, 2024
Location Fitchburg, MA Avg. Salary $123,047 Date Updated February 26, 2024
Location Hyannis, MA Avg. Salary $122,411 Date Updated February 26, 2024
Location Leominster, MA Avg. Salary $121,525 Date Updated February 26, 2024
Location Malden, MA Avg. Salary $130,036 Date Updated February 26, 2024
Location Methuen, MA Avg. Salary $123,261 Date Updated February 26, 2024
Location Newton, MA Avg. Salary $130,036 Date Updated February 26, 2024
Location Revere, MA Avg. Salary $130,036 Date Updated February 26, 2024
Location Weymouth, MA Avg. Salary $126,031 Date Updated February 26, 2024

Career Path for Actuary III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Actuary III, the upper level is Actuary IV and then progresses to Actuary V.

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Jobs with a similar salary range to Actuary III : Quantitative Investment Analyst

Actuary III Salary in Massachusetts
Actuary III Salary Graph, Regional Distribution and Summary