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.
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.
Most Likely Range: Navigating Between the 25th and 75th Percentile
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.
the compensation landscape for actuaries in the United States reflects a robust structure, with a 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.