Salary Structure

Actuary Salary Structure In The US

In the dynamic realm of finance and risk management, actuaries play a pivotal role in steering organizations through the complex seas of uncertainty. Aspiring actuaries often find themselves on a quest for clarity regarding compensation, and we’re here to shed light on the estimated pay scale for these professionals in the United States.

Breaking Down the Numbers for Actuary Salary Earners in the US

Base Pay: $177K – $291K/yr

At the core of an actuary’s compensation is the base pay, ranging from $177,000 to $291,000 per year. This figure reflects the foundational income that actuaries can expect, forming a substantial part of their overall earnings.

Additional Pay: $128K – $199K/yr

Beyond the base pay, actuaries may also enjoy additional compensation, with a range of $128,000 to $199,000 per year. This additional pay encompasses various components such as cash bonuses, commissions, tips, and profit-sharing – factors that further enrich the overall compensation package.

Most Likely Range: $226K/yr

For those seeking a benchmark, the most likely total pay for an actuary is estimated at $225,576 per year in the United States. This comprehensive figure takes into account the base pay, additional compensation, and various other elements that contribute to the overall income.

Average Salary: $159,486/yr

Delving deeper, the average salary for actuaries is calculated at $159,486 per year. This figure provides a snapshot of the median income within the broader salary spectrum, capturing the midpoint of the ranges derived from our proprietary Total Pay Estimate model.

Additional Pay Breakdown: $66,090/yr

Actuaries can anticipate an estimated additional pay of $66,090 per year. This portion of the compensation package encompasses diverse elements, offering a glimpse into the potential financial rewards beyond the base salary.

To provide a more nuanced understanding, the “Most Likely Range” encapsulates values falling within the 25th and 75th percentile of all pay data available for the role of an actuary. This range paints a comprehensive picture, considering the diverse factors that influence compensation in this dynamic field.


What factors influence an actuary’s salary in the US?

Actuary salaries in the US can vary based on several factors including experience level, geographical location, industry, and credentials. Actuaries with more experience, particularly those holding senior or management positions, tend to earn higher salaries. Geographic location also plays a significant role, with urban areas generally offering higher salaries compared to rural areas. Additionally, actuaries working in industries such as insurance, finance, and consulting typically command higher salaries than those in other sectors.

Do actuaries receive bonuses or additional compensation?

Yes, many actuaries in the US receive bonuses and additional compensation in addition to their base salary. These bonuses can be based on individual performance, company performance, or a combination of both. Actuaries who achieve certain professional designations or certifications may also receive salary increases or bonuses as recognition of their achievements.

What is the salary range for entry-level actuaries in the US?

Entry-level actuary salaries in the US typically range from around $60,000 to $80,000 per year. However, this can vary depending on factors such as educational background, internships, and the specific company or organization hiring. Actuaries who have completed internships or co-op programs during their studies may command higher starting salaries.

Are there opportunities for salary advancement in the actuarial field?

Yes, there are ample opportunities for salary advancement in the actuarial field. Actuaries can increase their earning potential by gaining additional experience, pursuing advanced credentials such as Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS), and taking on roles with greater responsibility or leadership. Actuaries who specialize in high-demand areas such as data science, predictive analytics, or risk management may also see significant salary growth.

How does the cost of living affect actuary salaries in different parts of the US?

The cost of living can have a significant impact on actuary salaries in different parts of the US. Actuaries working in major metropolitan areas with high costs of living, such as New York City, San Francisco, or Boston, may receive higher salaries to offset these expenses. Conversely, actuaries in regions with lower costs of living may receive lower salaries, although their purchasing power may still be relatively high compared to the national average. It’s essential for actuaries to consider the cost of living when evaluating job offers or relocation opportunities.


the compensation landscape for actuaries in the United States reflects a robust structure, with base pay forming the foundation, additional pay contributing significantly, and a nuanced “Most Likely Range” offering insights into the broader spectrum. Aspiring and seasoned actuaries alike can use these figures as guideposts in navigating the intriguing intersection of financial acumen and risk management.

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