How much does an Actuary make in Ohio?

Average Actuary Yearly Salary in Ohio

Actuaries earn an average yearly salary of $93,970. Salaries typically start from $51,870 and go up to $146,590.

Average Actuary Hourly Wage in Ohio

Actuaries earn an average hourly wage of $45.18. Hourly wages typically start from $24.94 and go up to $70.48.

Source: Sokanu (Aggregated)

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. Alternatively, see what Actuaries earn in other states.

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

Employment Type Mix

95%
Full-Time
5%
Part-Time

Source: Sokanu user data. View more Actuary demographics

Salary Satisfaction

3.8
SCORE
168
RATINGS
Actuaries average a score of 3.8 out of 5 on our salary satisfaction scale. This places Actuaries in the 98th percentile of salary satisfaction.

Source: Sokanu user data. View more Actuary satisfaction

How to Become an Actuary

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Actuary Earnings by Seniority

Top End Actuary Earnings

The highest earning Actuaries in Ohio earn:

$70.48
an hour
$146,590
per year
Senior Actuary Earnings

Senior Actuaries in Ohio earn:

$57.32
an hour
$119,230
per year
Experienced Actuary Earnings

Experienced Actuaries in Ohio earn:

$43.09
an hour
$89,620
per year
Junior Actuary Earnings

Junior Actuaries in Ohio earn:

$32.88
an hour
$68,380
per year
Starting Actuary Earnings

Starting Actuaries in Ohio earn:

$24.94
an hour
$51,870
per year

Approximate values based on highest and lowest earning segments.

Find your perfect career

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Actuary Salary Comparison

Actuaries earn more than 82% percent of similar careers in Ohio.

Treasurer Salary $125k
Bank Branch Manager Salary $125k
Fundraising Manager Salary $113k
Financial Advisor Salary $112k
Investment Fund Manager Salary $106k
Actuary Salary $93k
Securities and Commodities Broker Salary $93k
Stock Trader Salary $93k
Statistician Salary $85k
Operations Research Analyst Salary $82k
Source: Sokanu (Aggregated)