2 answers
Neal
Student
Crystal Lake, Illinois
2
Questions
Updated
1356 views
What is the average salary for an actuary?
I am looking to go into actuarial science in an attempt at becoming an actuary after I finish college, so I want to know the salary of one. #actuarial-science #actuarial #financial-planning
Login to comment
2 answers
Wael Al-Rihawi
Mechanical Engineer I Automotive
1122
Answers
Redford Charter Township, Michigan
Updated
Wael’s Answer
Check the link below.
http://www.payscale.com/research/US/Job=Actuary/Salary
Lisa G. Ullman
Director at PwC - specializing in pensions and employee benefit actuarial consulting
29
Answers
Brookline, Massachusetts
Updated
Lisa G.’s Answer
You might want to check out the website BeAnActuary (http://beanactuary.org) beanactuary
On that website they say:
- Earn while you learn.
- Actuaries are well compensated. Experienced fellows have the potential to earn from $150,000 to $250,000 annually, and many actuaries earn more than that.
- Compensation may vary significantly according to years of experience, industry, geographic region, and responsibilities. For example, an actuary with a fellowship designation working as a financial manager in the banking industry could earn a higher salary than another fellow working in the health insurance industry.
- Up-to-date salary information for actuaries working in traditional insurance and pension settings can be found on the website of D.W. Simpson & Company (http://www.dwsimpson.com/salary.html) . This firm's salary information is based on their latest Actuary Salary Survey.
- Another source of salary information is the EzraPenland.com United States Actuarial Salary Survey (http://www.ezrapenland.com/salary/). This survey is split by Life, Property and Casualty, Pensions, and Health. It is further distributed by consulting versus insurance/reinsurance/other employment.
- Additional U.S. salary information for traditional actuaries can be found at the Bureau of Labor and Statistics (http://www.bls.gov/oco/ocos041.htm#earnings).
On that website they say:
- Earn while you learn.
- Actuaries are well compensated. Experienced fellows have the potential to earn from $150,000 to $250,000 annually, and many actuaries earn more than that.
- Compensation may vary significantly according to years of experience, industry, geographic region, and responsibilities. For example, an actuary with a fellowship designation working as a financial manager in the banking industry could earn a higher salary than another fellow working in the health insurance industry.
- Up-to-date salary information for actuaries working in traditional insurance and pension settings can be found on the website of D.W. Simpson & Company (http://www.dwsimpson.com/salary.html) . This firm's salary information is based on their latest Actuary Salary Survey.
- Another source of salary information is the EzraPenland.com United States Actuarial Salary Survey (http://www.ezrapenland.com/salary/). This survey is split by Life, Property and Casualty, Pensions, and Health. It is further distributed by consulting versus insurance/reinsurance/other employment.
- Additional U.S. salary information for traditional actuaries can be found at the Bureau of Labor and Statistics (http://www.bls.gov/oco/ocos041.htm#earnings).