This Week in Career Advice: How Much Do Actuaries Earn?

September 8, 2017 | By More

This week, we’re reviewing the standard actuary salary in 2017.

 

Know What You’re Worth: National Average

According to the Bureau of Labor Statistics, the median annual salary (ie the wage at which half the workers in an occupation earned either above or below) for claims adjusters was $100,610 in May 2016. The lowest 10 percent earned less than $58,910, and the highest 10 percent earned more than $186,250.

Average salaries in top industries include professionals in technical and scientific services ($104,550), finance and insurance ($101,120), government ($95,550), and management of companies and enterprises ($93,370).

 

Know What You’re Worth: By City

Broken down by skill-level and location, Salary.com offers the following salary information for insurance underwriters (Life):  

 

New York, NY

Entry – $79,885

Mid-Level – $92,639-$117,282

Senior – $150,980

 

Los Angeles, CA

Entry – $74,697

Mid-Level – $86,622 – $109,665

Senior – $141,174

 

Chicago, IL

Entry – $70,507

Mid-Level – $81,763 – $127,033

Senior – $133,254

 

Dallas, TX

Entry – $66,050

Mid-Level – $76,595 – $96,970

Senior –  $124,832

 

For more actuary salary information, visit www.insurancejobs.com.

 

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