Match
97k
Avg US Salary
5.7%
Growth
2.9/5
Rating
1k
Employment
Bachelors Bachelors
Education

How much does an Actuary make in the United States?

Average Actuary Hourly Wage in the United States

Actuaries earn a median hourly wage of $46.67. Hourly wages typically start from $28.02 and go up to $86.78.

Average Actuary Yearly Salary in the United States

Actuaries earn a median salary of $97,070 per year. Salaries typically start from $58,290 and go up to $180,500.

These numbers may vary depending on several factors, like level of education, amount of experience, industry, company size and location.

Learn more about the Actuary job market for salaries of real jobs in your area.

The actuarial profession is perfect for individuals who enjoy challenges and problems solving. Those who develop a track-record of success will have many opportunities for growth and advancement. Experienced actuaries have the potential to earn from $150,000 to $250,000 annually, and many actuaries earn more than that.

Most employers of actuaries award merit increases as you gain experience and pass the actuarial examinations. Most companies also offer cash bonuses, salary increases, and promotions for each professional designation achieved.

Base salaries vary by industry. The following is the Compensation by Specialization and Years of Experience (according to the Annual Actuarial Salary Survey done by ActuarialCareers.com):

Life & Annuities
1-2 years - $60k - 86k
3-5 years - $66k - 135k
6-10 years - $75k - 230k
11-15 years - $90k - 475k
16-20 years - $84k - 360k
21+ years - $90k - 700k

Health
1-2 years - $60k - 86k
3-5 years - $64k - 140k
6-10 years - $75k - 230k
11-15 years - $89k - 258k
16-20 years - $84k - 360k
21+ years - $110k - 400k

Investment/Risk
1-2 years - $57k - 90k
3-5 years - $66k - 150k
6-10 years - $87k - 230k
11-15 years - $111k - 275k
16-20 years - $110k - 280k
21+ years - $90k - 450k

Pension
1-2 years - $65k - 86k
3-5 years - $66k - 134k
6-10 years - $68k - 157k
11-15 years - $85k - 275k
16-20 years - $84k - 269k
21+ years - $90k - 377k

Property & Casualty
1-2 years - $55k - 84k
3-5 years - $60k - 150k
6-10 years - $78k - 230k
11-15 years - $90k - 300k
16-20 years - $111k - 385k
21+ years - $113k - 500k

How to Become an Actuary

Interested in becoming an actuary? Here are your next steps.

  1. Take the Sokanu Career Test

    Would you make a good actuary? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Get the Education

    A bachelors degree is required to be an Actuary. A mathematics degree is preferred. Schools offering education in this field include:

    • Columbia College | Columbia, SC
      Offers: Certificate, Associates, Bachelors
    • Albertus Magnus College | New Haven, CT
      Offers: Certificate, Associates, Bachelors
    • Asnuntuck Community College | Enfield, CT
      Offers: Certificate, Associates
    • Lincoln College of New England-Southington | Southington, CT
      Offers: Certificate, Associates
    • University of Bridgeport | Bridgeport, CT
      Offers: Certificate, Associates, Bachelors
  3. Get Hired

      Loading jobs...

    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.

Actuary Earnings by Seniority

Top End Actuary Earnings

The highest earning Actuaries in the United States earn:

$86.78
an hour
$180,500
per year
Senior Actuary Earnings

Senior Actuaries in the United States earn:

$65.45
an hour
$136,130
per year
Experienced Actuary Earnings

Experienced Actuaries in the United States earn:

$46.67
an hour
$97,070
per year
Junior Actuary Earnings

Junior Actuaries in the United States earn:

$35.10
an hour
$73,010
per year
Starting Actuary Earnings

Starting Actuaries in the United States earn:

$28.02
an hour
$58,290
per year

Approximate values based on highest and lowest earning segments.

Find your perfect career

Would you make a good actuary? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

Take the free career test

Actuary salary comparison

Actuaries earn more than 75% percent of Business careers. Actuary salaries are in the top 91% of all careers in the United States.

Human Resources Manager Salary $102k
Actuary Salary $96k
Construction Manager Salary $85k
Stock Trader Salary $72k
Loan Officer Salary $62k
Social Fundraiser Salary $52k
Real Estate Agent Salary $40k
Retail Salesperson Salary $21k

Historical salary for Actuaries in the United States

Actuary salary by state

Click on a state to learn more

State Hourly Wage Annual Salary Rank
Actuary Salary in Colorado $63.62 $132,340 # 1
Actuary Salary in Kansas $72.00 $149,760 # 2
Actuary Salary in New York $53.15 $110,560 # 3
Actuary Salary in District of Columbia $56.77 $118,080 # 4
Actuary Salary in Texas $48.91 $101,740 # 5
Actuary Salary in Maine $48.95 $101,820 # 6
Actuary Salary in Pennsylvania $48.90 $101,710 # 7
Actuary Salary in New Jersey $48.88 $101,660 # 8
Actuary Salary in Massachusetts $48.97 $101,860 # 9
Actuary Salary in California $48.30 $100,470 # 10
Actuary Salary in Connecticut $47.14 $98,050 # 11
Actuary Salary in Wisconsin $45.68 $95,020 # 12
Actuary Salary in Washington $46.86 $97,470 # 13
Actuary Salary in North Carolina $45.38 $94,380 # 14
Actuary Salary in New Hampshire $45.57 $94,790 # 15
Actuary Salary in Delaware $48.00 $99,830 # 16
Actuary Salary in Minnesota $45.91 $95,490 # 17
Actuary Salary in Florida $42.58 $88,560 # 18
Actuary Salary in Missouri $40.84 $84,950 # 19
Actuary Salary in Alabama $43.27 $89,990 # 20
Actuary Salary in Iowa $43.75 $91,000 # 21
Actuary Salary in Michigan $41.30 $85,910 # 22
Actuary Salary in Ohio $43.00 $89,430 # 23
Actuary Salary in Indiana $43.96 $91,440 # 24
Actuary Salary in Illinois $40.79 $84,840 # 25
Actuary Salary in Georgia $39.62 $82,410 # 26
Actuary Salary in Nebraska $37.58 $78,160 # 27
Actuary Salary in Tennessee $41.03 $85,350 # 28
Actuary Salary in Mississippi $37.66 $78,320 # 29
Actuary Salary in Oklahoma $38.22 $79,500 # 30
Actuary Salary in Rhode Island $37.40 $77,800 # 31
Actuary Salary in Arizona $41.68 $86,690 # 32
Actuary Salary in Oregon $37.70 $78,410 # 33
Actuary Salary in Utah $24.47 $50,910 # 34
Source: U.S. Department of Labor Bureau of Labor Statistics

How to Become an Actuary

Interested in becoming an actuary? Here are your next steps.

  1. Take the Sokanu Career Test

    Would you make a good actuary? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Get the Education

    A bachelors degree is required to be an Actuary. A mathematics degree is preferred. Schools offering education in this field include:

    • Columbia College | Columbia, SC
      Offers: Certificate, Associates, Bachelors
    • Albertus Magnus College | New Haven, CT
      Offers: Certificate, Associates, Bachelors
    • Asnuntuck Community College | Enfield, CT
      Offers: Certificate, Associates
    • Lincoln College of New England-Southington | Southington, CT
      Offers: Certificate, Associates
    • University of Bridgeport | Bridgeport, CT
      Offers: Certificate, Associates, Bachelors
  3. Get Hired

      Loading jobs...

    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.