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The differences between actuarial analysts and actuarial technicians can be seen in a few details. Each job has different responsibilities and duties. Additionally, an actuarial technician has an average salary of $79,409, which is higher than the $75,593 average annual salary of an actuarial analyst.
The top three skills for an actuarial analyst include statistical analysis, SAS and statistical data. The most important skills for an actuarial technician are projection, financial analysis, and product development.
| Actuarial Analyst | Actuarial Technician | |
| Yearly salary | $75,593 | $79,409 |
| Hourly rate | $36.34 | $38.18 |
| Growth rate | 21% | 21% |
| Number of jobs | 41,511 | 7,597 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | - | - |
Actuarial analysts and actuarial technicians have different pay scales, as shown below.
| Actuarial Analyst | Actuarial Technician | |
| Average salary | $75,593 | $79,409 |
| Salary range | Between $55,000 And $103,000 | Between $44,000 And $141,000 |
| Highest paying City | Seattle, WA | Hartford, CT |
| Highest paying state | Washington | New York |
| Best paying company | Nationwide Financial | Transamerica Corporation |
| Best paying industry | Finance | Professional |
There are a few differences between an actuarial analyst and an actuarial technician in terms of educational background:
| Actuarial Analyst | Actuarial Technician | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 72% |
| Most common major | Mathematics | Mathematics |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between actuarial analysts' and actuarial technicians' demographics:
| Actuarial Analyst | Actuarial Technician | |
| Average age | 39 | 39 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 40.2% Female, 59.8% |
| Race ratio | Black or African American, 3.1% Unknown, 3.0% Hispanic or Latino, 4.7% Asian, 21.9% White, 67.4% American Indian and Alaska Native, 0.0% | Black or African American, 3.1% Unknown, 3.0% Hispanic or Latino, 5.1% Asian, 15.8% White, 73.1% American Indian and Alaska Native, 0.0% |
| LGBT Percentage | 18% | 18% |