Actuary salary progression. In addition, they earn an average bonus of $6,836.

Actuary salary progression A part-qualified actuary who has either 25 years of experience or who has completed twelve exams averages the same salary of £60,000. Back then—young, naïve and hungry for success—my plan was to qualify as an FIA actuary in 3 years (it took a lot longer!), become a Scheme Actuary (decided against it Hi everyone, hope you are all doing well. According to Salary. Actuarial careers can be highly demanding, requiring advanced financial and statistical expertise to support clients in accurately assessing risks and making sound commercial decisions. With 20+ years of experience, some actuaries reach a salary of $500,000 or more. Different actuarial employers offer vastly different work environments and career progression paths. If you have any questions, please get in contact with Bill who will be happy to help. Nov 26, 2024 · Actuary Salary For Freshers in India. 5 years), with a chance for Certifications: Earning actuarial certifications, such as those from the Institute of Actuaries of India (IAI), is essential for career progression and can significantly affect salary levels. Actuarial Careers. It comes with a trade-off, though, as others have pointed out. Skills and Specialisations: Actuaries with specialised skills, such as big data analytics , predictive modelling, or risk management, often command higher Dec 16, 2024 · The average salary for a Senior Actuary in United Kingdom is £85,266 in 2025. It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions My (HCoL) pay progression has been: Year 1 - 68k salary, three exams. com, salaries can range from a low of $93,482 to a high of $138,223, with most professionals earning between $103,795 and $127,214. Salary estimates based on salary survey data collected directly from employers and anonymous employees in India. Apr 11, 2022 · Actuarial Salary Progression Student actuaries, in Ireland, can expect a starting salary in excess of 30,000 euros. Now, although I know which is the best info for actuarial salary data, it's difficult to do a proper like for like comparison for each profession as I don't know much about accounting pay. The DWSimpson interactive salary survey shows 280k salary and 180k bonus when I filter on 20+ years, FCAS and consulting. She is also an actuarial one at a large company. However, the average starting for a graduate is higher than the starting salary for many UK graduates, which averages at around £21,000 – £25,000 . Note that this Starting salary for someone in an entry-level actuarial position with 2-3 exams passed is typically somewhere between $50,000 and $70,000. com, My Actuary Salary Progression (Real $ Amounts) The average salary of an experienced actuary can be quite high, with top-level experience bringing in around $356,116 per year. 47K subscribers in the actuary community. Insights Published Jan 21, 2025 Highest Earning Potential: P&C actuaries generally earn the highest, followed closely by health insurance actuaries. The monthly salary of an Actuary in India is around INR 37,097 while the highest salary of an Actuary can go up to INR 1,01,000 per month. The estimated total pay for a Actuary is $143,000 per year, with an average salary of $128,000 per year. Jun 6, 2024 · The average salary for an Actuary is $217,110 per year (estimate) in United States, which is 37% higher than the average AIG salary of $158,069 per year (estimate) for this job. Hi all, What is the typical career progression for an actuary and their respective salaries? I. 5k profit sharing Jun 6, 2024 · The average salary for Actuary is US$213,517 per year in the New York City, NY, United States. Jan 12, 2025 · The average salary for a actuary is $128,463 per year in the United States. Typically 10-20% for a company, a bit more for consulting firmsbut subject to wide variation. Salaries increase steeply throughout exam progression. (2022, December 5). For ELEVEN convenient, printable, downloadable . The average salary for a Reinsurance actuary is £62,062 per year in United Kingdom. Mid-level positions and career progression. Post fellowship salary progression can vary greatly. Your actual starting salary, should you secure a place on an actuarial graduate scheme, depends on a number of factors including your employer and your location. com reports that pay typically ranges from $146,529 to $179,105, with most professionals earning between $131,034 and $193,270. Each year we conduct a survey of the actuarial industry to provide the most accurate and timely data available, making our Salary Survey the industry standard. They’re all weak in terms of salary and even their bonus aren’t good at the analyst level for the 1500-1600 billables youre expected to put up. I had your same salary with 2. Toggle navigation. Misunderstanding the differences between the two positions can lead to confusion about career progression and job responsibilities . I’m a first year associate in public accounting. The best time to look for a job is when you have a job. Then, promoted to Actuarial Analyst II in 2021, 3 exams: 67k. Dec 16, 2024 · The average salary for a Senior Actuary in United Kingdom is £85,266 in 2025. Salaries are definitely high at the moment. £70,000 Experienced. But yes the average senior actuary not in an executive or senior management position probably makes about 150k to 200k all in. In addition, they earn an average bonus of ₹94,658. Start Taking Actuarial Exams. However, with experience and additional certifications, this figure can rise substantially, offering a lucrative career path for those in the field. e are you an analyst for 2-3 years then promoted or what? 21 votes, 40 comments. Entry-level actuaries start with salaries depending on their location and industry, but as they gain experience and pass more professional exams, their earning potential increases. I got my cpa license and masters degree in 2020 and she made around 5-10k more than me in 2021. Discover the average Actuary salary in your state and the salary for similar careers. Base Salary: $158,592 | Bonus: $41,018 | Total Compensation: $201,681 : 0: 50,000: At Actuarial Careers, Jill specializes in 52 votes, 60 comments. I have also seen people in this sub still barely breaking $80k even with multiple years of experience. Salary depends a lot on location, but I think you’ll find actuary salaries worldwide are fairly generous. I am working with this same company in this same position for past 3 years. I am currently working as an Actuarial Analyst in one of the big life insurers in Sydney. 3. $129K for roles not eligible for remote working Very little difference between FCAS ($181k) and FSA ($177K), and ACAS ($134k) and ASA ($129k), implying there's not a big difference between the two societies when it comes to salary Jan 1, 2025 · The average annual salary of Entry Level Actuary in the United States is $81,501 or $39 per hour, ranging from $64,880 to $97,358 and $31 to $47. Your 4 exams passed in current 7 exam structure is probably like 3 exams passed in old days. Advantages of Pursuing an Actuarial Job. With the increasing advancement of computers, actuaries can now rely on them to perform the most time-consuming and heavily mathematical tasks. For example, an actuarial consultant can progress to a senior risk management role with a steady salary increase as they work their way up. This is according to reports from June 28, 2022, which also note that the salary range can vary between $298,160 and $423,955. There is so much variance between companies, fields, and titles you have to ask those you work with who have had that progression. After all, actuarial exams are going to take a lot of time to r/actuary: Subreddit for actuarial professionals, students and interested (innocent) bystanders. I got hold of some salary research in my country and analysts currently studying salary ranged from $70k-$100k with one year and 10 years experience respectively. Actuaries start with lower salaries, but their earnings increase with experience. Salaries for the position Actuary in Australia range from 57,300 AUD (starting salary) to 193,000 AUD (maximum salary). Here’s a step-by-step guide: Get a Bachelor’s Degree. Also most HR departments will publish documents detailing title levels and associated salary bands, so that should give you some insight. DW Simpson is proud to provide the 2024 Actuarial Salary Survey. Actuary Salary and Exams: Paid to Pass. Salary progression is moderate but mainly only comes in from exam passes. Can we get a 2022 salary survey going for those comfortable sharing? It feels like it’s been a while since we did one. An entry level actuary (1-3 years of experience) earns an average salary of £54,094. First of all 5 and 6 are offered twice a year not once a year. Started with 50k 50k-100k ~3 years 100k-150k ~5 years 150k~200k ~3 years Starting salaries for entry-level US property and casualty actuaries with 0-1 year of experience by number of exams passed. I am a data analyst that previously wanted to be an actuary. Chief Actuary: £150k+ (and this can be way higher in big companies) This is based on my own experience, talking to colleagues and information from recruiters. Salary. Visit PayScale to research senior actuary salaries by city, experience, skill, employer and more. Freshers can expect The tradeoff is that it's a lot more variable, but the variation between 350k and 750k across a couple of years might be worth it to you to push you up higher than a standard 200k actuarial salary. If you’re considering becoming an actuary, it's natural to wonder how much you're going to make. A friend recently asked me about salary progression comparisons between being an Actuary and an Accountant, as they were interested in both. Location plays a crucial role in determining an actuary’s salary. Average Actuary Salary. The salary for the highest-paid and the lowest-paid actuaries ranges from $84,800 to $155,670 May 25, 2023 · Salary and working hours. Topics of interest could be IFoA related (particularly studying to qualify) and discussion of the roles actuaries hold within industries such as pensions, insurance, investment, governance etc. com, an Actuarial Analyst I earns the most in San Jose, CA, where the annual salary of an Actuarial Analyst I is $102,200. Salary information comes from 81 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Skills and Specialisations: Actuaries with specialised skills, such as big data analytics , predictive modelling, or risk management, often command higher Have you still been able to have a good progression in the actuarial industry? I’m currently an Actuarial Analyst in P&C (Pricing) and my company does not require exams (I still have P&FM) nor do they pay for it. £60000 - £90000 per annum. The most substantial salary jump occurs between early career and mid-career positions, with an average increase of $29,000. I have personally known someone in NYC start making 90k out of college. There are many job postings through actuhire, actuarylist, Google, and my favorite is through each companies actual website (look up top _health/pension/life/p&c companies actuarial companies in US/Canada etc), and go to their website to search for openings. Background: I did my Masters in Actuarial Science from one of the Australian universities. Jan 1, 2025 · The average salary for an Actuary in the United States is between $72,790 and $179,110 as of January 01, 2025. Career Progression and Opportunities Actuary starting salary isn’t rlly 90k it’s possible but it’s rare most actuaries start at 65-80k at least at my company but actuaries are guaranteed raises for every exam pass. 67-87K for 2 Exams Passed 69-92K for 3 Exams Passed Source: Ezra Penland Actuarial Recruitment According to Ezra Penland Actuarial Recruitment’s salary surveys, casualty actuaries who earn their credentials from the CAS earn more than other » READ MORE The average Actuary in the US makes $112,921. I am in my final year of uni, doing a stats based degree, and I recently accepted an actuarial graduate role which puts you through the level 7 actuarial apprenticeship. Much of this salary growth comes from passing actuarial exams, which increase technical expertise. Hey, if it takes ~10 years on average to fully qualify (so a new fellow will have about 10 years of experience) and add in about a years worth of salary growth, this info is about the same as the ‘unofficial salary guide’ I posted! Aug 7, 2024 · The average salary for an actuarial analyst in the United States is around $74,000 per year. With some experience, this moves to an average salary of £62,000 per year. Insurance companies often provide structured development programs with regular rotation opportunities, while consulting firms might offer more varied project work but require more independence. Pass Exam P (Probability) and Exam FM (Financial Mathematics) first. Becoming an actuary takes effort, but it’s a path with a clear progression. An actuary that is just starting out in the field with 2 actuarial exams passed can expect to make between $46,000 and $71,000. 11 LPA. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Australia. Jan 21, 2025 · Explore the salary progression in actuarial science, from entry-level to senior roles, and factors influencing pay across different sectors and locations. I've recently dipped into the market with 3 YOE, 9 exams passed and now have an offer on the table for 65k fully remote, and was told by several recruiters I could expect 55-65. 5-10% salary growth per year before one attains fellowship for an average performer. asking because salary data seems to vary wildly place to place. An actuary’s salary increases with experience and exam passes. In most insurance companies, salary increases automatically with Jan 1, 2025 · What is the salary range of Actuary V? As of January 01, 2025, the average annual salary for an Actuary V in the United States is $163,547. Then, promoted to Senior Actuarial Analyst in 2023, 5 exams: 96k. 91 votes, 193 comments. Aug 9, 2024 · A MS in actuarial science increases average actuary salary by $3,000 per year, according to data from Payscale. A place to discuss being or becoming an actuary in the UK. A career in actuarial science is not only intellectually stimulating but also financially rewarding, especially for freshers entering the field. An MBA brings the average up by $22,000. What is the salary trajectory of an Actuary? Aug 7, 2024 · For instance, the median annual wage for experienced actuaries is about $102,880. com helps you determine your exact pay target. The two actuary salary survey interactive charts on this page will allow you to query the data collected from our 2022 Actuary Salary Survey Questionnaire. The ability to do mental arithmetic quickly and correctly is also important when sense checking numbers. Surveys include all types of actuarial employment, representing the middle 85% of all compensation packages. My newly qualified salary was low £50s. Nov 26, 2024 · For context, I think my career thus far has been very "Standard" in that I went to a school with an actuarial program, took a job at a large health insurer with a rotational program, had final FSA comp that almost exactly matches the DW Simpson Salary survey based on my YOE, progressed through exams at 70th percentile pace (so I would consider Salary Progression - Actuarial Consulting vs. Certification plays a major role in how much an actuary can make. The average actuary gross salary in Australia is $175,280 or an equivalent hourly rate of $84. In addition, they earn an average bonus of $6,836. S. Salaries estimates are based on 1408 salaries submitted anonymously to Glassdoor by a Reinsurance actuary employees in United Kingdom. As your career develops Dec 5, 2024 · The average salary for an Actuary in Ireland is €58,958 in 2025. In addition to the high earning potential, positive job outlook and natural career progression, the actuarial job has the following additional benefits: Healthy Work-Life Balance – Actuaries usually work 40 hours per week (9-5 Monday to Sep 7, 2024 · Actuary Career: Learn about the growth opportunities in actuarial science, from entry-level to senior positions. Actuary work is typically office-based. Senior risk assessment actuaries can earn upwards of £100,000 per year. But this isn't the career path to get rich-rich and I bet even $150k goes way further than you think. The average additional cash compensation for a Actuary in the New York City, NY, United States is US$81,302, with a range from US$60,976 - US$113,822. Every time she passes one of the actuarial exams she gets a nice boost in salary. Goodman Masson did a 2022 salary survey with some good analysis of pay at each level. I think my salary will be on the high side for my years of experience because I reached fellowship early. Chart #1: 2023 Actuarial Compensation Comparison Tool allows you to select a compensation category and explore how related variables influence it based on criteria you select. The average bonus for a Actuary is $5 which represents 0% of their salary, with 5% of people reporting that they receive a bonus each year. Our Salary Guide includes a detailed salary breakdown of the areas we cover across Actuarial. What was/is your starting salary (especially if you're Class of 2022 or 2023 with a job lined up)? and with how many exams and any relevant experience? Salary progression for actuaries is typically steady. The salary increase for upper-level actuarial exams (CAS Exams 5-9) is often around $3,000 – $5,000. Jan 9, 2025 · What is the median salary for an actuary? The median annual salary for an actuary is $113,990. Year 3 - 78k salary, six exams, 8k hours bonus (focused on exams), 3k exam bonuses, 7. The actuary salary for newly qualified professionals in India reflects the high demand for their analytical and risk management skills. Is this typical salary progression? As the title implies, is there any big difference salary-wise between underwriting and actuarial roles in the long term? As someone who just landed an entry-level role in the insurance industry (I got a job as a Data Analyst), I was wondering if doing actuarial exams and being an actuary is more worth it in terms of salary progression than climbing the ladder in underwriting roles and taking The two actuary salary survey interactive charts on this page will allow you to query the data collected from our 2023 Actuary Salary Survey Questionnaire. On the other end, a senior level actuary (8+ years of experience) earns an average salary of £96,643. A typical base salary (Ignoring bonuses) progression for a GOOD actuary at a life insurance company outside of London might look something like: New Graduate: 30k Senior Student (2-3 years): 40k-50k Qualified actuary (4-5 years): 50k-70k Manager (6-10 years): 70k-90k Senior manager (10-15 years): 90k-110k Head of function (15-20 years): 110k The Ezra Penland 2024-2025 Actuarial Salary Surveys All survey data is derived from industry professional respondents to our salary survey questionnaire, and proprietary data from Ezra Penland Actuarial Recruitment. That works out to about $30 per hour. Learn what influences actuary pay and make informed career decisions. Most employers also pay a one-time bonus of $1,000 – $2,000 for passing an exam. For example I sat for Exam 5 Fall 2022 when the pass rate was ridiculously low (like 33%), personally I The average salary for a Pensions Actuary is £58,229 per year in United Kingdom. Salary: £60,000 - £90,000 per annum + competitive package * Strong actuarial progression * Strong IT skills e The average salary of an Actuary in Australia is between $125,000 and $145,000. The role is a fixed term contract which spans the length of the apprenticeship (3. Dec 16, 2024 · In the United States, the average actuary salary is $113,990 in 2022. My current salary is $85k (base) + superannuation. Exam Progression: Passing actuarial exams quickly is crucial to increasing earning potential, though many part-qualified actuaries still find lucrative roles. Salary Range, Minimum Wage, and Starting Salary. The faster you progress through the exams, the quicker your salary grows. Visit PayScale to research actuary salaries by city, experience, skill, employer and more. Gotta come over to consulting finger guns. 5 hour days, and no overtime. pdf salary surveys that The average salary for posted actuarial jobs was $129k. Dec 7, 2024 · The average salary for an Actuary in Australia is AU$108,028 in 2025. Major in actuarial science, math, statistics, or finance. The following graphs are for the U. Dec 20, 2024 · Hello, I am in my late 30s and considering switching from Transportation Planning/Demography to Actuary (government work sucks, and planners are Actuarial Salary Survey Results 2024 - Goodman Masson; In Partnership with: Find Actuarial Jobs. The tradeoff is that it's a lot more variable, but the variation between 350k and 750k across a couple of years might be worth it to you to push you up higher than a standard 200k actuarial salary. A junior actuary will earn less than a professional with a decade of experience. Jan 8, 2025 · Salary estimates based on salary survey data collected directly from employers and anonymous employees in United Kingdom. I am looking for some data points on what an actuary partner of a consulting firm such as WTW/Milliman/OW/Big 4 can earn once they’ve reached 20+ years of experience. Remote roles have average salary of $120k vs. Salaries can vary widely based on experience, industry, and location, with top earners making up to $199,300 annually. Actuarys make the most in San Jose, CA at $222,949 averaging total compensation 97% greater than US average. Finally dont forget bonuses - anywhere between 5% and 100% of salary as a qualified depending on who you work for and how good a year the company has. That assumes a 261 working days, 7. Typical Career path and progression. With more online, real-time compensation data than any other website, Salary. Of course, there is much variation and the precise starting salary for new trainee actuaries will depend upon factors such as location, type of work, size of the company and the number of actuarial exemptions . Certifications: Earning actuarial certifications, such as those from the Institute of Actuaries of India (IAI), is essential for career progression and can significantly affect salary levels. Started 97 on 20k (low 30s in today's money) By 2000 that was up to 32k (that involved a lot of pushing and negotiation) 2001 moved to the USA and ~$85k I don't think I'd find much fulfilment in the status of being a Qualified Actuary - it'd be an achievement, but mainly for money/career progression Pay is decent (35k-40k range), though I think I could be worth more elsewhere. On top of this I have a better benefits package, almost double the annual leave (45 days), bonuses and am fully remote/flexible of which none of the prospective roles could offer (after initial training period). Posted by u/Jelloo999 - 15 votes and 9 comments The Average Salary is shown below. Jul 2, 2023 · An Actuarial Analyst is an entry-level position in the actuarial field, while an Actuary is a more senior position that requires additional education and experience. Starting salaries for graduate actuaries are generally between £25,000 and £35,000. Edit… Aon/Mercer/WTW are pretty much the same thing in terms of pay/prestige for analysts. In year 1, the actuary makes $58K. Mine was 68k in 2020, with 2 exams, NYC, consulting. . Credit: youtube. First Actuarial job in 2019: Actuarial Analyst, 2 exams : 58k. 5 to 3 years experience and 4 exams passed (when it used to have 5 exams and FAP and APC to get ASA). Bonuses are quite company dependent but start around 5% and I have seen as high as 30% offered to senior actuaries. Mar 8, 2023 · In 50k increments, rounded, all compensation included (but not 401k/ESPP matching). I started at 72,500 in 2020 in philly and now I make somewhere around 94k after switching jobs recently I’m close to getting my ACAS credential but I only work Salary. Chart #1: 2022 Actuarial Compensation Comparison Tool allows you to select a compensation category and explore how related variables influence it based on criteria you select. Year 2 - 72k salary, four exams, 10k hours bonus, 1. As for newcomers to the actuarial profession, it is highly unlikely that a graduate actuary salary in London would start at any less than £30,000 per annum, versus the standard £25,000 minimum in other UK locations. Based on the numbers from this year, starting band for seniors is $80k, with higher performers $2-5k more, depending on ratings. My fiance and I recently hit $250k household income and it's insane how much money we can save. Past experience, location and company will have a big impact on whether the initial salary is closer to the lower or upper end of this range. 4k salaries reported, updated at January 20, 2025 95 votes, 217 comments. Actuary salaries range between $52,000 and $147,000 per year. Actuary Alternative titles Average salary (a year) £32,000 Starter. Freshers can expect Hi everyone, hope you are all doing well. I never imagined my future actuarial career would be a mixture of lecturing/researching actuarial science in academia and building a digital actuarial business (ProActuary). CA Salary progression upvotes · comments. Back then—young, naïve and hungry for success—my plan was to qualify as an FIA actuary in 3 years (it took a lot longer!), become a Scheme Actuary (decided against it Jan 8, 2025 · The average Actuary salary in the United States is $88,255 per year or $42 per hour. Jan 28, 2024 · Entry-level actuaries with 0-2 years of experience have average starting salaries around $60k, while senior-level actuaries with 10+ years of experience can make well over $150k on average. Once the actuary has passed all 10 exams and gained 6-7 years of experience then $125,000 to $190,000 would be reasonable. market, scroll to the bottom to see our Interactive Canadian Salary Survey. On salary increases for CA/senior promo. Subreddit for actuarial professionals, students and interested (innocent)… Explore the 2023 Q3 Actuarial Salary Guide and Survey: Discover average salaries for actuaries in the U. Aug 7, 2024 · Understand the factors influencing actuary salaries. Jan 8, 2025 · The average Actuary salary in the United States is $88,255 per year or $42 per hour. Subreddit for actuarial professionals, students and interested (innocent) bystanders. 50 LPA whereas an Actuary with more than 10 years of experience can expect an annual average salary of INR 17. Similar to what r/accounting does , I thought it'd be interesting to see what sort of raise / bonus everyone received since… Sep 7, 2024 · Years of experience directly influence salary progression. 5 k exam bonus, 7k profit sharing (goes straight to retirement but is a big perk). Salary is actually good (~ $88K) and I see myself staying there for a long time although it’s a small company for now. Im on this salary now, working a 4 day week. For example, actuaries in Michigan earn an CAT modelers can get stuck in the entry-level bands (50-70k) for much longer. If you want some salary context. true. Wanted to clear up that confusion. I've seen such posts on the UK community but none for India. 5 years), with a chance for Actuarial Intern - $15/hr ~ $31k/yr in NYC Another Actuarial Internship - $20/hr ~ $41k/yr in NYC (Graduated from undergrad) Actuarial Analyst - $33/hr ~ $65k/yr with bonuses in NYC (Left after a year, went back for a Master's degree in Computer Science) Data Scientist Internship - $29/hr ~ $60k/yr in Des Moines, Iowa A friend recently asked me about salary progression comparisons between being an Actuary and an Accountant, as they were interested in both. Salary ranges can vary widely depending on the actual Actuary position you are looking for. From the actuary salary progression threads it seemed about the same. In the accounting reddit if you make less than 6 figures after 5 YOE you are underpaid. You are likely to have seen my original survey which I published last September, based on data collected between July to September 2021. I did my last exam almost 2 years ago now so have had a bit of a pay increase since then. Our detailed analysis covers factors like location, seniority, and qualifications. From what I have read I truly do believe actuaries are underpaid. However, the challenges of succeeding as an actuary are more than compensated for by the dynamic career opportunities these roles can provide. An actuarial career offers a great deal of flexibility, and although Oct 25, 2024 · How much does an Actuary make at PwC in the United Kingdom? Average PwC Actuary yearly pay in the United Kingdom is approximately £40,852, which is 28% below the national average. ALM Actuary. In addition to the high earning potential, positive job outlook and natural career progression, the actuarial job has the following additional benefits: Healthy Work-Life Balance – Actuaries usually work 40 hours per week (9-5 Monday to Have you still been able to have a good progression in the actuarial industry? I’m currently an Actuarial Analyst in P&C (Pricing) and my company does not require exams (I still have P&FM) nor do they pay for it. According to the latest salary data by Salary. School Leaver Schemes (1) Undergraduate Jobs (11) Graduate Jobs (5) Jan 1, 2025 · An Actuarial Analyst I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. to. Dec 14, 2024 · How to Become an Actuary. We’re pleased to present you with our Goodman Masson Actuarial Salary Guide 2024. References: Actuarial Careers. Geographic Salary Variations. r/actuary. An Actuary can expect a starting salary of INR 4. Without having the exams for a natural progression, you’re most likely going to need to job hop to make anything happen salary-wise (not that you shouldn’t do that as an actuary anyway). That is the standard in the US. Career progression options as an actuary. We hope that the salary information helps support your career decision making. Explore average earnings, salary growth potential, and tips for maximizing your income. Here, along with Hays, we have provided an overview of the expected earnings for actuaries, in different areas and career levels. Salaries estimates are based on 6 salaries submitted anonymously to Glassdoor by a Pensions Actuary employees in United Kingdom. New actuaries can expect to earn around £28,000 per year. Accounting (Big 4) Based on what I have heard, accountants at Big 4 get annual raises that are so large that 1 annual raise is almost equivalent to a salary increase at actuarial consulting companies tied to a promotion based on 2-3 years. Aug 10, 2021 · If you’re considering becoming an actuary, it's natural to wonder how much you're going to make. Salary progression I am new to this progression and have recently gotten an actuarial internship in GI, so was wondering what is the salary progression like in India. After all, actuarial exams are going to take a lot of time to Posted by u/03423425548 - 195 votes and 311 comments 100 votes, 178 comments. Jun 6, 2024 · A Actuary in US can expect to see an entry level salary range of $57,020 to $101,796 per year, based on 25 salary contributions. Once qualified, actuarial salaries can reach as high as £300k+. , from interns to directors. At the highest seniority level, an experienced Actuary in US can make a salary range of $125,457 to $214,194 with at least 2 years of experience, based on 52 salary contributions. Actuaries typically earn above the average wage with a good starting salary. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Jan 19, 2025 · The average actuary gross salary in India is ₹24,27,128 or an equivalent hourly rate of ₹1,167. according to bls, median salary of actuary in NYC metropolitan area is around $150k. Good luck! Jan 1, 2025 · What is the highest and lowest pay for Actuary III? As of January 01, 2025, the average annual salary for an Actuary III in the United States is $115,122. A lot of it is tied to exam raise. An entry level actuary (1-3 years of experience) earns an average salary of $122,166. You did get inflation adjustment in your salary already. Secondly exam difficulty in my opinion is also largely subjective and based on study habits. Nov 9, 2024 · The average salary for an Actuary in United Kingdom is £59,668 in 2025. I am delighted to present the results of my brand new salary survey for UK Pensions Actuaries in 2022. 49K subscribers in the actuary community. I heard that your career progression as a P&C actuary is better after a couple-year stint in a reinsurance actuarial role (assuming no slowdown in exam progression). I think WTW might be the best in total comp since it’s the only one with the pension plan. 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. Posted by u/wahabr1az - 33 votes and 23 comments 36 votes, 43 comments. Subreddit for actuarial professionals, students and interested (innocent)… Salary. kzedfx opckklcw mtwgn xbcvj dnymgbd lpxitz viii zxzu xctvly zgjb