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Actuarial analyst vs certified technician

The differences between actuarial analysts and certified technicians can be seen in a few details. Each job has different responsibilities and duties. Additionally, an actuarial analyst has an average salary of $75,593, which is higher than the $52,208 average annual salary of a certified technician.

The top three skills for an actuarial analyst include statistical analysis, SAS and statistical data. The most important skills for a certified technician are A+, patients, and patient care.

Actuarial analyst vs certified technician overview

Actuarial AnalystCertified Technician
Yearly salary$75,593$52,208
Hourly rate$36.34$25.10
Growth rate21%1%
Number of jobs41,511140,083
Job satisfaction--
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 33%
Average age3940
Years of experience-2

What does an actuarial analyst do?

Actuarial Analysts use statistical formulas to assess the probability and costs of certain events such as accidents, property damages, injuries, and deaths. They are usually specialized in finance, general insurance, health and care, life insurance, and savings/investment.

What does a certified technician do?

Certified technicians are technical professionals who perform technical tasks in the fields of applied science or engineering technology. These technicians are required to demonstrate their customer service skills and problem-solving abilities by resolving issues of customers immediately and efficiently. They must follow the dealership standards when performing work specified to maintenance and repair orders. They are required to work directly with customers to maximize equitable profitability for both the organization and their customers. Certified technicians must also possess detailed knowledge and experience in automobile mechanical works.

Actuarial analyst vs certified technician salary

Actuarial analysts and certified technicians have different pay scales, as shown below.

Actuarial AnalystCertified Technician
Average salary$75,593$52,208
Salary rangeBetween $55,000 And $103,000Between $32,000 And $84,000
Highest paying CitySeattle, WASeattle, WA
Highest paying stateWashingtonWashington
Best paying companyNationwide FinancialConnor Group
Best paying industryFinance-

Differences between actuarial analyst and certified technician education

There are a few differences between an actuarial analyst and a certified technician in terms of educational background:

Actuarial AnalystCertified Technician
Most common degreeBachelor's Degree, 81%Bachelor's Degree, 33%
Most common majorMathematicsAutomotive Technology
Most common collegeUniversity of Notre Dame-

Actuarial analyst vs certified technician demographics

Here are the differences between actuarial analysts' and certified technicians' demographics:

Actuarial AnalystCertified Technician
Average age3940
Gender ratioMale, 61.1% Female, 38.9%Male, 75.3% Female, 24.7%
Race ratioBlack 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, 9.7% Unknown, 4.2% Hispanic or Latino, 18.8% Asian, 5.0% White, 61.5% American Indian and Alaska Native, 0.8%
LGBT Percentage18%2%

Differences between actuarial analyst and certified technician duties and responsibilities

Actuarial analyst example responsibilities.

  • Lead an experience study on morbidity assumptions to more accurately identify LTC rider risks.
  • Lead actuarial intern on automating internal reports, help intern write SQL queries and VBA macros.
  • Develop SAS programs to automate analysis correcting extant errors resulting from arduous manual processes.
  • Evaluate capitation agreements between provider groups and manage care plans, including commercial and Medicare populations.
  • Analyze GAAP financial statements including fair value assessment, shadow adjustments, embed derivatives and unlocking.
  • Integrate rating factors and other data used for GLM motor pricing model by SAS, SQL.
  • Show more

Certified technician example responsibilities.

  • Lead and architect MDM migration from Sybase Afaria to Airwatch.
  • Manage a crew of 5 service technicians, providing repair and maintenance services for all HVAC.
  • Attain and maintain advanced level ASE certification.
  • Manage daily repair activities for high-volume Honda repair facility.
  • Oil changes top and bottom side transmission services ac services engine flush and license inspector.
  • Utilize several trade skills such as carpentry, plumbing, electrical, painting, roofing and heating and cooling systems.
  • Show more

Actuarial analyst vs certified technician skills

Common actuarial analyst skills
  • Statistical Analysis, 14%
  • SAS, 11%
  • Statistical Data, 11%
  • VBA, 6%
  • Actuarial Models, 5%
  • PowerPoint, 4%
Common certified technician skills
  • A+, 45%
  • Patients, 13%
  • Patient Care, 8%
  • Diagnosis, 5%
  • Customer Service, 2%
  • Customer Satisfaction, 2%

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