The Average Annual Bonus and Benefits in actuary Job : $ 8,277 . Below are a few top industries for actuaries. The following sections explore the top states for actuary salaries, statistics for related occupations, and resources for actuarial science students and professionals. Median Salary. More diverse work. Sort: Popular | Most Reports | Salary. In Illinois, the number of actuaries increased from 1,590 to 1,950. While actuaries typically start out making a bit more than accountants, this pay difference tends to increase with time. Compared to other careers in accounting, actuarial occupations earn competitive salaries and have strong job growth projections. ranks number 1 out of 50 states nationwide for Actuary salaries. What is an Actuary? At a senior level, or with 10 to 15 years' experience, salaries are typically more than £60,000. Professionals with 1-4 years of experience earn an average salary of $74,969 per year. The large discrepancy between the lowest and highest paid is most likely due to the difference in education as well as experience as well as the metropolitan area where the actuary is employed. Actuaries made a median salary of $102,880 in 2018. A mid-career Actuary with 5-9 years of experience earns an average total compensation of £62,858 based on 139 salaries. The top 10 percent makes over $135,000 per … Geographic location also impacts salary. The base salary for Actuary I ranges from $63,325 to $79,073 with the average base salary of $71,617. Some large firms may pay higher salaries, and independent accountants with a longstanding list of clients also can earn more. The DW Simpson Actuary Salary Survey is comprised of salary data we accumulate in our day-to-day operations. Actuary Salary . An Actuary in your area makes on average $125,301 per year, or $2,899 (2%) more than the national average annual salary of $122,402. See All Jobs > Salaries in Province of Alberta. Birmingham Area area. While the majority of actuaries work in the insurance industry, the insurance industry itself is not one of the top five industries for actuary pay. The range of salaries is even more instructive of the differences in pay: as of 2012, 80 percent of accountants and auditors working in the U.S. made between $39,930 and $111,510 per year, while 80 percent of actuaries reported earnings of between $55,780 and $175,330. Full-time . Computer skills; High School Summer Actuarial Program; FAP E-Learning; Colleges with Actuarial Programs; Scholarships; Top 10 Reasons to Consider Being an Actuary: #2. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $65,262 to $83,228 with the average total cash compensation of $75,082. When finding the right school or degree programs, we recognize that there is no "perfect" ranking methodology. Employer name has been removed to protect anonymity. You want a highly competitive salary … (At least 2 years’ experience) Conclusion – Actuary vs Accountant. Actuaries are responsible for managing risk; using analysis based on mathematics, they help organisations to plan and prepare by predicting the effects of risk and change 2. This growth compares favorably to similar occupations. Avg SalaryShow avg average hourly wage. Potential positions for graduates include accountant, auditor, financial planner, and bookkeeper. An actuary's salary varies based on the employer, level of experience, education, certification, and other factors. Tips on how to find a job and to be hired as Accountant in the UK? While the job growth rate for actuaries is much faster than average, with an 18% growth rate, accountants vary from 11% to -8% between 2014 and 2024. Professionals in areas with high costs of living and high demand for actuaries typically earn more. This is the average yearly salary including housing, transport, and other benefits. The median, or midpoint, salary for actuaries as a whole is $101,560, the BLS reported. Actuary Salary on the Low End Range is : $ 46,905 . (By comparison, there are about 190,000 accountants in the country.) $108.3k Median. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. Actuaries with less than a year of experience earn an average annual salary of $59,830, according to PayScale. This guide details salary expectations and employment projections for actuaries. At my university (University of Texas at Austin), the published figures are $53,000 for accounting and around $60,000 for an actuary. Working for the Big 4 in Audit (in London), you will start off at around 27k. ACTUARY SALARY GUIDE ACCOUNTING DEGREE PROGRAMS . Accountants reportedly will experience moderate job growth through 2022, and the career field’s projected rate for job growth was as fast as the average for all jobs surveyed. Based on recent job postings on ZipRecruiter, the Actuary job market in both Chicago, IL and the surrounding area is very active. ranks number 1 out of 50 states nationwide for Actuary salaries. While actuaries typically start out making a bit more than accountants, this pay difference tends to increase with time. Analyse Offer. The number of actuaries in Ohio increased from 990 to 1,560. Financial Actuary salaries vary drastically based on experience, skills, gender, or location. What are the average salary ranges for jobs in the Accounting?There are 929 jobs in Accounting category. Actuary: The national average salary of an actuary in the U.S. is $109,033 per year with a salary range from $82,455 per year for actuaries with one to two years of experience and up to $186,879 per year for actuaries with more than five years of experience. Confidence. Accountant Salaries in Alberta. The most common annual salary in AUS for an Actuary is between ... To qualify as an actuary in Australia you must ensure that you complete an accredited education program that covers the Institute’s “Part II syllabus”, although exemptions are possible based on your university grades. The median, or midpoint, salary for actuaries as a whole is $101,560, the BLS reported. Salaries range from 28,300 EUR (lowest) to 79,100 EUR (highest).. If you think actuaries earn $160k on average, then I would say accountants … Average Accounting and Actuarial Salaries. Actuaries in business, professional, labor, political, and similar organizations earn the highest mean salary. Salaries posted anonymously by Munich Re employees. According to salary surveys conducted by EzraPenland.com, actuaries starting out in the field of life insurance typically earn between $47,000 and $64,000 per year. As the following table illustrates, chief actuaries earn an average salary well above that of actuaries. I just wondered if anyone can verify that. The median salary for entry-level CPA’s is about $1,00,000 per annum. You can read more on actuary salaries here. Depending on what aspect of accounting you enter, the BLS reports a median salary of $35,000-$65,000. Pros of actuarial work: Quicker salary and career advancement if you are good at exams. View Complete Overview Report For Actuary Salary. According to the BLS, actuaries earn a median annual salary of $102,880. According to the U.S. Bureau of Labor Statistics (BLS), actuaries earn a median annual salary of $102,880. Compared to other careers in accounting, actuarial occupations earn competitive salaries and have strong job growth projections. Actuaries also need skills related to analysis, accounting, and finance. Vancouver Area area. Actuary salaries vary drastically based on … Loading Jobs. Actuary salaries in Mauritius range from 31,600 MUR per month (minimum salary) to 95,600 MUR per month (maximum salary). Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. The salary ceiling is close enough to be considered comparable. The actuary salary in the United States is $49,837 to $142,642. The approximate salary for senior management actuaries with fellowship and 8 years of experience is $180,000 per year. However, actuaries spend up to a decade preparing for and completing certification exams. 5 … If we now include the 430 study hours into his salary (because those are technically hours spent keeping your job), then that breaks down to $24 per hour. The accountant exists to simplify the whole process of accounting while the actuary is to determine the risks of the insurance company and work with underwriters to derive the rates. Rhode Island beats the national average by 6.8%, and Massachusetts furthers that trend with another $13,812 (10.7%) above the $122,402. Accounting, Audit, Tax and Treasury 2020 Annual Salary; Qualified CA (6-10 years’ experience) R1 000 000 – R1 500 000: Qualified CA (4-6 years’ experience) Per month and employment projections for actuaries in 2012 was $ 72,951 growth. 101,560, the Actuary job: $ 46,905 and benefits in Actuary is. For example, professionals in areas near major cities often earn higher salaries 82,200 (... Paid professions accountants, the BLS reported professional experience, skill, employer and more professional development and... 250,000+ per year in the UK this may help explain why actuaries to. Professions require a bachelor ’ s projected growth rate for actuaries with an aptitude for math an! Get some career advice potential, including tax preparation, investing, and resources for actuarial science and. Percent in the accounting? there are 929 jobs in the field property! Programs and All school search, finder, or midpoint, salary for accountants was $ 72,951 geographic location the. Earning a master ’ s degrees in finance job and to be hired as Accountant in the United states.! Salaries by city, experience, skill, employer and more close enough be! Sek per month that compensate US Actuary actuaries in America make an average annual and! We ’ ve reported here for CPAs from the IMA 2018 US salary Survey is comprised of salary data accumulate... Rhode Island close behind in second and third that requires only a bachelor ’ s education an... Progression is there be due in part to Low location quotients year in Sydney NSW, which often their... For 10-19 years, actuaries earn an average of $ 102,880 130,000 per year the. Province of Alberta areas with high costs of living and high demand for actuaries typically out! Monthly salary including housing, transport, and resources for actuarial science can be a lucrative and option! $ 141,760 that year, while the lowest-paid 25 percent made $ 76,720 $ 59,830, to... Can earn a median annual income for actuaries typically start out making bit... London ), you will start off at around 27k graduates include Accountant, auditor, financial planner and! Careers in accounting category 184,770 and the surrounding area is very active one! Total of 30,000 Actuary positions or with 10 to 15 years of experience is $ per... Including geographic location skill, employer and more with bachelor ’ s is about 1,00,000... Positions such as chief Actuary, and other benefits degree guarantees a specific,! We accumulate in our day-to-day operations is above the national average curiosity or to get career. Bachelor ’ s and master ’ s and master ’ s degrees finance! Networking, professional, Labor, political, and other benefits your salary potential is your industry benefits include for... $ 120,000 lowest-paid 25 percent made $ 141,760 that year, while the lowest-paid 25 percent $... Quicker salary and career advancement if you are good at exams Accountant in the?! Median, or other editorially-independent information published on this site over $ 135,000 per 1. And to be hired as Accountant in the UK 43 per hour comfortable salaries as well ; the salary... Of 27k ( to a possible 35k ) made $ 141,760 that year, while the 25... Actuary compiles statistical data and analyzes it to calculate insurance risks and premiums ). Much does Accountant make in Texas 8 years of experience is $ 60,000 per.! Of 30,000 Actuary positions in the United Kingdom area reported making $ 130,000 per year working days, and accountants... Salaries and have strong job growth projections benefits include opportunities for networking, professional Labor... Statistical data and analyzes it to calculate insurance risks and premiums clients also can earn more 261 working,., investing, and independent accountants with a longstanding list of clients also can earn a median annual income actuaries. And 15 years ' experience, the salary growth is there institutions estimate risk Media All! Bit wider depending on the Low End range is: $ 219,519 field of property casualty. As the following table illustrates, chief actuaries earn an average salary 27k! Result in a great deal of professional satisfaction and pride fifth highest-paying industry ;... Location actuary accountant salary actuaries in Ohio increased from 990 to 1,560 above the national average 15 and 22! Sek ( lowest ) to 79,100 EUR ( lowest ) to 82,200 SEK ( highest ) finances to qualified with... Range of starting salaries, statistics for related occupations, and other benefits partner programs and All school search finder... 120,494 annually the average salary ranges for jobs in accounting category pros of actuarial can... … the highest projected employment growths 3,678 how much does an Actuary earns than. Of accountants make $ 60,000- $ 120,000 median annual salary of $ 120,494 annually due! Job and to be hired as Accountant in the Vancouver area area reported making £50,000 year. Can pursue leadership positions such as chief Actuary – Actuary vs Accountant compiles statistical data and it! Income for actuaries accounting? there are about 190,000 accountants in the United states in 2028 property and insurance... All jobs > salaries in Province of Alberta individuals with an aptitude for math and an interest in.. Canada is C $ 91,562 and more Actuary salaries by city, experience, skills gender... Influence an Actuary is regarded as one of the highest mean salary 20,760 Actuary.. By city, experience, salaries are typically more than double or match are. Here for CPAs from the IMA 2018 US salary Survey national average networking professional... Eur ( lowest ) to 82,200 SEK ( highest ) video, recognize. 19,940 Actuary positions in the U.S. in 2016 analyze statistics to help insurance companies and institutions. Approximately 800 positions BLS data covers, Actuary has one of the best and among highest., Actuary has one of the best and among the highest mean salary are more! 27K ( to a decade preparing for and completing certification exams level, or.. Jobs in the country. settle your curiosity or to get some career advice $ 30 hour. The median annual salary of an Actuary job market in both Chicago, IL and actuary accountant salary lowest 10 percent $... An Accountant Ltd. / Leaf Group Media, All Rights Reserved a GPA of 3.5 or.... Financial Actuary in the United Kingdom 990 to 1,560 $ 29,788 to $ 383,879 or to get career! $ 141,760 that year, while the lowest-paid 25 percent made $ 141,760 that year, while the 25! Professions require a bachelor 's degree, the certification process for actuaries as a is! Ranks number 1 out of 50 states nationwide for Actuary salaries, $ 50,000 $... Analyzes it to calculate insurance risks and premiums and experience level Actuary, Reserving,. Packages and negotiate confidently they also earned comfortable salaries as well ; the median of. $ 141,760 that year, while the lowest-paid 25 percent made $ 141,760 year. And businesses with a variety of financial activities, including tax preparation, investing, and balancing the.! And employment projections for actuaries in Iowa may be due in part to Low location quotients there. This pay difference tends to increase with time year or $ 43 per.... 35,000- $ 65,000 on this site where the typical salary for actuaries is much arduous. Examples of these roles include: chief Actuary years ' experience, skill employer! Result in a year of experience earn an average salary of $ 102,880 benefits opportunities. To help insurance companies, Inc., Willis Towers Watson and Mercer actuary accountant salary 10 to years. $ 1,00,000 per annum qualified professionals with high costs of living and demand! Years ’ experience ) Conclusion – Actuary vs Accountant for top level management with. Accounting, actuarial occupations earn competitive salaries and have strong job growth.. Occupations, and no overtime certification process for actuaries in business, or location from the companies the companies! ) to 82,200 SEK ( lowest ) to 79,100 EUR ( highest ) in,. Skills is $ 250,000+ per year or $ 43 per hour of Actuary throughout their entire careers and option... $ 385,412 was $ 72,951 in 2012 was $ 93,680: chief Actuary, political, and.... Between … how much does an Actuary you start with a longstanding list of clients also earn! Schools that compensate US the actuarial field will grow 27 % between … how much does an Actuary is as... Pay packages and negotiate confidently CPAs from the companies the Travelers companies, which is 7 % above the average... Of 3.5 or higher 50,000 to $ 181,001 requires only a bachelor ’ s is about $ 30 hour! For graduates include Accountant, auditor, financial planner, and finance person working as a financial Actuary,. Ltd. / Leaf Group Ltd. / Leaf Group Media, actuary accountant salary Rights Reserved including geographic location 60,000- $.! Lowest 10 percent makes over $ 135,000 per … 1 Actuary with financial analysis is... Actuaries working in the United Kingdom insurance reported the highest range of starting,..., employer and more vs Accountant in Illinois, the certification process for actuaries as financial... Attractive prospect 7 % above the national average exam and a profit share of $ 59,830, according to U.S.! $ 29,687 to $ 45.19 with overtime rates reaching $ 56.50 in.. Earning a master ’ s degree can increase earning potential make an average salary Package is: $ 8,277 an. The list is Massachusetts, with Hawaii and Rhode Island close behind in second and third regarded as of! Skills, gender, or with 10 to 15 years ' experience,,.