Find The Best Actuarial Analyst Jobs For You

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Average Salary
$72,879
Average Salary
Job Growth Rate
20%
Job Growth Rate
Job Openings
18,482
Job Openings

Actuarial Analyst Careers

An actuarial analyst who works in the insurance industry uses the statistics process to calculate the probability and cost of certain events, such as accidents, death and damages properties, and analysis data. An actuarial Analyst often is employed by the insurance industry and specializes in a particular area, such as health or life insurance. Therefore, you will work with insurance professionals such as market research analysts and businesses. You will be in charge of performing statistical modeling, presenting your findings to the senior management, and data analysis. You are also in charge of compiling important data and writing reports.

Depending on your area of specialization or where you are working, you may be involved in pension plans, designing investments, and helping to lower insurance premiums by reducing their risk exposure. You will estimate the likelihood of catastrophic events, such as pandemics, earthquakes, and terrorist attacks.

An outstanding knowledge of mathematics, written and oral communication skills, strong analytical and problem-solving skills, general knowledge of finance and business are all essential skills. The average salary of an actuarial Analyst annually is $108,000. A bachelor's degree in Statistics or other related fields will get you the job.

There is more than meets the eye when it comes to being an actuarial analyst. For example, did you know that they make an average of $35.04 an hour? That's $72,879 a year!

Between 2018 and 2028, the career is expected to grow 20% and produce 5,000 job opportunities across the U.S.

What Does an Actuarial Analyst Do

There are certain skills that many actuarial analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed computer skills, math skills and analytical skills.

When it comes to the most important skills required to be an actuarial analyst, we found that a lot of resumes listed 17.6% of actuarial analysts included data analysis, while 10.1% of resumes included statistical data, and 9.9% of resumes included sas. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the actuarial analyst job title. But what industry to start with? Most actuarial analysts actually find jobs in the insurance and finance industries.

How To Become an Actuarial Analyst

If you're interested in becoming an actuarial analyst, one of the first things to consider is how much education you need. We've determined that 78.6% of actuarial analysts have a bachelor's degree. In terms of higher education levels, we found that 15.1% of actuarial analysts have master's degrees. Even though most actuarial analysts have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an actuarial analyst. When we researched the most common majors for an actuarial analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on actuarial analyst resumes include associate degree degrees or doctoral degree degrees.

You may find that experience in other jobs will help you become an actuarial analyst. In fact, many actuarial analyst jobs require experience in a role such as actuarial internship. Meanwhile, many actuarial analysts also have previous career experience in roles such as internship or actuarial assistant.

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Average Salary
$72,879
Average Salary
Job Growth Rate
20%
Job Growth Rate
Job Openings
18,482
Job Openings

Actuarial Analyst Career Paths

Top Careers Before Actuarial Analyst

Top Careers After Actuarial Analyst

Actuary
9.3 %

Actuarial Analyst Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Actuarial Analyst

Actuarial Analysts in America make an average salary of $72,879 per year or $35 per hour. The top 10 percent makes over $110,000 per year, while the bottom 10 percent under $47,000 per year.
Average Salary
$72,879
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Best Paying Cities

City
ascdesc
Average Salarydesc
Seattle, WA
Salary Range75k - 128k$98k$98,320
San Francisco, CA
Salary Range67k - 115k$88k$88,212
New York, NY
Salary Range68k - 112k$88k$87,933
Stamford, CT
Salary Range60k - 98k$77k$77,184
Arlington, VA
Salary Range60k - 96k$76k$76,398
Jersey City, NJ
Salary Range57k - 94k$74k$73,800
$46k
$128k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Actuarial Analyst-Aldp-Telecommute
Actuarial Analyst-Aldp-Telecommute
Unitedhealth Group Inc.
Unitedhealth Group Inc.
06/29/2021
06/29/2021
$64,80006/29/2021
$64,800
Senior Actuarial Analyst-Aldp-Telecommute
Senior Actuarial Analyst-Aldp-Telecommute
Unitedhealth Group Inc.
Unitedhealth Group Inc.
06/29/2021
06/29/2021
$79,70006/29/2021
$79,700
Actuarial Analyst-Aldp-Telecommute
Actuarial Analyst-Aldp-Telecommute
Unitedhealth Group Inc.
Unitedhealth Group Inc.
06/29/2021
06/29/2021
$64,80006/29/2021
$64,800
Actuarial Analyst
Actuarial Analyst
CSAA Insurance Group, a AAA Insurer
CSAA Insurance Group, a AAA Insurer
06/28/2021
06/28/2021
$72,00006/28/2021
$72,000
SR. Actuarial Analyst
SR. Actuarial Analyst
XXX
XXX
06/28/2021
06/28/2021
$99,00006/28/2021
$99,000
See More Recent Salaries

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Actuarial Analyst Demographics

Gender

male

55.2 %

female

35.2 %

unknown

9.7 %

Ethnicity

White

70.3 %

Asian

23.0 %

Hispanic or Latino

2.9 %

Foreign Languages Spoken

Spanish

24.3 %

Chinese

14.0 %

Mandarin

11.2 %
See More Demographics

Actuarial Analyst Education

Majors

Degrees

Bachelors

78.6 %

Masters

15.1 %

Certificate

2.7 %

Top Colleges for Actuarial Analysts

1. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition
$53,391
Enrollment
8,568

2. Carnegie Mellon University

Pittsburgh, PA • Private

In-State Tuition
$55,465
Enrollment
6,483

3. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

4. University of California - Los Angeles

Los Angeles, CA • Private

In-State Tuition
$13,226
Enrollment
31,568

5. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

6. Columbia University in the City of New York

New York, NY • Private

In-State Tuition
$59,430
Enrollment
8,216

7. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

8. Johns Hopkins University

Baltimore, MD • Private

In-State Tuition
$53,740
Enrollment
5,567

9. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

10. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030
See More Education Info

Online Courses For Actuarial Analyst That You May Like

Introduction to Actuarial Science
edX (Global)

You may have heard of actuarial science, or you might even know an actuary, but do you know what an actuary does? During the course you’ll hear from a wide variety of actuaries about their careers. And don’t be scared that the course will be “just a whole lot of mathematics”. Together, we will go beyond the math to learn how actuaries approach problems relating to risk, using examples from: Finance Investments Banking Insurance You will learn how actuarial science applies mathematical and...

Financial Modelling, Financial Planning and DCF Valuation
udemy
3.9
(460)

How to create a startup or existing company financial model from scratch and carry out the DCF Valuation...

Company Valuation & Financial Modeling
udemy
4.4
(1,797)

Learn comprehensive financial modeling, forecasting and business valuation techniques for Finance professionals...

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Top Skills For an Actuarial Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 17.6% of actuarial analysts listed data analysis on their resume, but soft skills such as computer skills and math skills are important as well.

Best States For an Actuarial Analyst

Some places are better than others when it comes to starting a career as an actuarial analyst. The best states for people in this position are Alaska, Washington, New York, and California. Actuarial analysts make the most in Alaska with an average salary of $128,846. Whereas in Washington and New York, they would average $96,300 and $87,471, respectively. While actuarial analysts would only make an average of $78,490 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Washington

Total Actuarial Analyst Jobs:
578
Highest 10% Earn:
$159,000
Location Quotient:
1.29
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Alaska

Total Actuarial Analyst Jobs:
52
Highest 10% Earn:
$210,000
Location Quotient:
1.01
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New York

Total Actuarial Analyst Jobs:
1,032
Highest 10% Earn:
$138,000
Location Quotient:
1.31
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Actuarial Analyst Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ actuarial analysts and discovered their number of actuarial analyst opportunities and average salary. Through our research, we concluded that Milliman was the best, especially with an average salary of $90,619. Mercer follows up with an average salary of $76,004, and then comes Liberty Mutual with an average of $71,879. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as an actuarial analyst. The employers include Blue Shield of California, Grange Insurance, and Cigna

1. Milliman
4.6
Avg. Salary: 
$90,619
Actuarial Analysts Hired: 
124+
2. Mercer
4.7
Avg. Salary: 
$76,004
Actuarial Analysts Hired: 
121+
3. Liberty Mutual
4.7
Avg. Salary: 
$71,879
Actuarial Analysts Hired: 
93+
4. American International Group
4.7
Avg. Salary: 
$93,327
Actuarial Analysts Hired: 
83+
5. Humana
4.7
Avg. Salary: 
$81,562
Actuarial Analysts Hired: 
56+
6. Anthem
4.8
Avg. Salary: 
$78,868
Actuarial Analysts Hired: 
42+

Actuarial Analyst Videos

Updated October 2, 2020