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Actuaries Salary in Sector of Finance and Insurance

The salary statistics of actuaries in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare actuaries salaries in different industries within the finance and insurance sector.

Average Annual Salary of Actuaries

Percentile BracketAverage Annual Salary
10th Percentile Wage
$62,780
25th Percentile Wage
$76,620
50th Percentile Wage
$102,510
75th Percentile Wage
$141,980
90th Percentile Wage
$184,930

Table 1 shows the average annual salary for actuaries in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) actuaries is $184,930. The median annual salary (50th percentile) is $102,510. The average annual salary for the bottom 10 percent paid actuaries is $62,780.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of actuaries in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$102,510
1.36% 7.63%
2016
$101,120
3.17% -
2015
$97,910
-0.41% -
2014
$98,310
2.75% -
2013
$95,610
0.96% -
2012
$94,690
- -

Compare Actuaries Salary in Different Industries within the Finance and Insurance Sector

The average salaries of actuaries in 15 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for actuaries occupations is the nondepository credit intermediation industry with an annual salary $138,890. The lowest paying industry is the depository credit intermediation industry (annual salary $66,130). For detailed actuaries salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Nondepository Credit Intermediation
$138,890
Other Insurance Related Activities
$106,950
Agencies, Brokerages, and Other Insurance Related Activities
$106,170
Insurance Agencies and Brokerages
$105,150
Other Financial Investment Activities
$104,920
Direct Insurance (except Life, Health, and Medical) Carriers
$103,410
Securities and Commodity Contracts Intermediation and Brokerage
$102,900
Insurance Carriers and Related Activities
$102,600
Insurance Carriers
$101,710
Funds, Trusts, and Other Financial Vehicles
$100,760
Insurance and Employee Benefit Funds
$100,760
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$98,910
Direct Health and Medical Insurance Carriers
$92,730
Credit Intermediation and Related Activities
$87,690
Depository Credit Intermediation
$66,130

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




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