Salary of Actuary
Average Salary of an Actuary in the USA (2025)
An actuary is a math expert who studies risk and uncertainty. They help insurance companies, banks, and other businesses make smart money decisions. These experts use numbers to forecast future events. They help companies avoid major losses.
Knowing your career worth is very important in today's job market. The salary of an actuary can change based on many factors. Your experience level, location, and industry all play a big role in how much you earn.
This blog will answer all your questions about actuary salaries. We'll discuss pay, salary ranges, regional differences, and earning tips.
The job market for actuaries is growing fast. Companies need these math experts more than ever. This means good pay and job security for qualified professionals. Let's explore what you can expect to earn as an actuary in 2025.
What's the Average Salary of an Actuary in the USA?
$128,500 per year (Average)
The average US actuary salary is $128,500 per year, based on data from multiple reliable sources and databases.
According to recent data, actuaries earn around $128,317 per year based on over 2,600 salary reports. Other sources show similar figures, with national averages around $131,841 to $133,039.
Some platforms show lower averages of $103,738. Others report higher figures, reaching $199,595.
The salary of an actuary has remained stable compared to 2024. Most sources show little change from last year's figures. This stability reflects the steady demand for actuarial skills across industries.
Actuary Salary Key Metrics 2025
Average salary: The typical salary of an actuary ranges from $103,000 to $151,000 per year. According to several global salary surveys, most actuaries earn around $128,500 annually. This figure represents the midpoint of all actuary salaries nationwide.
Salary range: Entry-level actuaries start between $65,000 and $85,000, while experienced professionals with over 20 years earn $145,750 per year on average. The range goes from about $60,000 to over $200,000, based on experience and specialization.
Salary by experience: Based on government statistics and industry surveys, salary growth follows clear patterns:
Entry-level (less than 1 year): $69,471 average
Early career (1-4 years): $89,198 average
Mid-level (4-9 years): $79,600 average
Senior level (10-20 years): $122,525 average
Expert level (20+ years): $145,750 average
75th percentile: Many USA data sources and surveys show that actuaries in the 75th percentile earn about $160,000 to $180,000 annually. This means 75% of actuaries earn less than this amount, while 25% earn more.
Actuary Salary Regional Comparison
Location plays a big role in determining the salary of an actuary. Cities with high living costs often pay more to attract talent. Major financial centers often pay the best salaries. This is due to a high demand for actuarial services.
Here's how salaries in different regions compare to the national average.
Reference: Data collected from government statistics and several global salary surveys as of 2025.
Texas offers the best value for actuaries. Salaries are competitive, and living costs are lower than in coastal states. This creates better purchasing power for professionals in the region.
7 Tips to Grow Your Actuary Salary
1. Get Professional Certifications: Earning credentials from the Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) can boost your salary by 15-25%. Government statistics show that certified actuaries earn much more than those without credentials.
2. Specialize in High-Demand Areas: Focus on growing fields like cybersecurity risk, climate change modeling, or healthcare analytics. Many USA salary surveys show specialists earn 10-20% more than general actuaries.
3. Gain Programming Skills: Learn Python, R, or SQL to increase your value. Global salary surveys show that actuaries with coding skills earn up to 12% more than those without these technical abilities.
4. Move to Major Financial Centers: Consider relocating to cities like New York, Chicago, or San Francisco. Based on government statistics, location can add $15,000 to $25,000 to your annual salary.
5. Switch to Consulting Roles: Consulting actuaries often earn more than corporate employees. Consulting jobs pay 8-15% more than average. This boost comes from project-based work and client needs.
6. Pursue Advanced Degrees: A master's degree in actuarial science, statistics, or related fields can increase earning potential. Many data sources in the USA show that an advanced degree leads to higher salaries over your career.
7. Negotiate Based on Market Data: Use current salary surveys to support your pay discussions. Many professionals don't negotiate, but employers expect it. Know your worth based on experience and location to maximize your earnings.
FAQs About an Actuary's Salary
Is the average salary of an Actuary before or after tax?
The salary figures shown are gross annual income before taxes. You'll need to subtract federal, state, and local taxes from these amounts to get your take-home pay.
Does the salary of an Actuary include bonuses?
No, the base salary figures don't include bonuses or other compensation. Many actuaries get yearly bonuses between 5% and 20% of their base salary. This depends on how well the company performs.
What is the starting salary for an entry-level Actuary?
Entry-level actuaries typically start between $65,000 and $85,000 per year. People with under a year of experience earn an average of $69,471, based on government data.
How much do senior Actuary professionals earn?
Senior actuaries with 10-20 years of experience earn around $122,525 on average. Those with over 20 years of experience can earn $145,750 or more based on several global salary surveys.
Which industries pay Actuaries the highest salary?
Insurance companies, consulting firms, and financial services typically offer the highest salaries. Government jobs and non-profits often pay less. However, they provide better benefits and more job security.
Do Actuaries get paid more with professional certifications?
Yes, certified actuaries earn significantly more than those without credentials. Professional certifications can boost your salary by 15-25%. This is backed by industry surveys and government statistics.
What factors affect an Actuary's salary the most?
Experience level, location, industry, and certifications have the biggest impact. Skills in fields like cybersecurity or climate modeling can greatly increase earnings.
Is the salary of an Actuary competitive with other finance jobs?
Actuaries made about $132,500 on average. In comparison, financial analysts earned $112,950, while accountants received $90,780. This data comes from government sources.
How often do Actuaries receive salary increases?
Most actuaries receive annual salary reviews with potential increases of 3-8%. Promotions or new certifications can lead to larger raises of 10-20% or more.
What is the job outlook for Actuaries in 2025?
The job outlook remains strong with steady demand across industries. Businesses are facing new risks and regulations. So, the demand for actuarial expertise is growing across the country.
All pay information is current as of 2025. Data comes from several global salary surveys and government statistics, 2025.
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