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 ofD.W. Simpson & Company. This firm’s salary information is based on their latest Actuary Salary Survey.
Another source of salary information is theEzraPenland.com United States Actuarial Salary Survey. 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 theBureau of Labor and Statistics.
