How much does a Corporate Actuary make in the United States?
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The average Corporate Actuary salary in the United States is $117,149 as of March 26, 2024. The range for our most popular Corporate Actuary positions (listed below) typically falls between $105,258 and $129,040. 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.
Corporate Actuary's Annual Base Salary
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Associate Actuary, Corporate Actuarial Department | $133,006 | $63.95 | United States | March 26, 2024 |
| Actuary | $123,070 | $59.17 | United States | March 26, 2024 |
| Actuary I | $79,565 | $38.25 | United States | March 26, 2024 |
| Actuary III | $112,537 | $54.10 | United States | March 26, 2024 |
| Actuary II | $89,777 | $43.16 | United States | March 26, 2024 |
| Actuary IV | $137,303 | $66.01 | United States | March 26, 2024 |
| Chief Actuary | $355,798 | $171.06 | United States | March 26, 2024 |
| Investment Actuary | $80,176 | $38.55 | United States | March 26, 2024 |
| Life Actuary | $80,176 | $38.55 | United States | March 26, 2024 |
| Pension Actuary | $66,342 | $31.90 | United States | March 26, 2024 |
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An actuary uses math, statistics, computer modeling, and analysis to evaluate risk. They look at various events that could occur either to a person or to business and develop scenarios to minimize risk and cost. Many actuaries are employed in the insurance industry and may specialize in an area like health insurance, life insurance, or property insurance. View Actuary Salary
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Actuary I utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary I assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary I applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary I work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary I typically requires 0-2 years of related experience. View Actuary I SalaryAlternate Job Titles:Actuarial Analyst I, Associate Actuary, Entry Actuary
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Actuary III utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary III assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary III applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Actuary III typically requires 4-7 years of related experience. View Actuary III SalaryAlternate Job Titles:Actuarial Analyst III, Consultant Actuary, Senior Actuary
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Actuary II utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary II assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary II applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Actuary II typically requires 2-4 years of related experience. View Actuary II SalaryAlternate Job Titles:Actuarial Analyst II, Intermediate Actuary, Senior Associate Actuary
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Actuary IV utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary IV assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary IV applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Requires Associate of Society of Actuaries (ASA). Typically reports to a manager. The Actuary IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be an Actuary IV typically requires 7+ years of related experience. View Actuary IV SalaryAlternate Job Titles:Actuarial Analyst IV, Senior Consultant Actuary