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The differences between actuarial analysts and operations research analysts 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 $74,424 average annual salary of an operations research analyst.
The top three skills for an actuarial analyst include statistical analysis, SAS and statistical data. The most important skills for an operations research analyst are operations research, DOD, and python.
| Actuarial Analyst | Operations Research Analyst | |
| Yearly salary | $75,593 | $74,424 |
| Hourly rate | $36.34 | $35.78 |
| Growth rate | 21% | 23% |
| Number of jobs | 41,511 | 154,380 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 67% |
| Average age | 39 | 45 |
| Years of experience | - | - |
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.
Operations research analysts are responsible for assisting organizations in making better decisions. These professionals work to develop solutions that will aid businesses to operate more efficiently using advanced techniques such as data mining, optimization, and mathematical modeling. They work closely with key organizational stakeholders to stay up-to-date on short-term and long-term business goals. They also conduct research that will give them insights they need to guide decision-makers and develop solutions using predictive modeling, simulations, and statistical analysis.
Actuarial analysts and operations research analysts have different pay scales, as shown below.
| Actuarial Analyst | Operations Research Analyst | |
| Average salary | $75,593 | $74,424 |
| Salary range | Between $55,000 And $103,000 | Between $48,000 And $113,000 |
| Highest paying City | Seattle, WA | Washington, DC |
| Highest paying state | Washington | Maine |
| Best paying company | Nationwide Financial | The Citadel |
| Best paying industry | Finance | Professional |
There are a few differences between an actuarial analyst and an operations research analyst in terms of educational background:
| Actuarial Analyst | Operations Research Analyst | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 67% |
| Most common major | Mathematics | Mathematics |
| Most common college | University of Notre Dame | University of Southern California |
Here are the differences between actuarial analysts' and operations research analysts' demographics:
| Actuarial Analyst | Operations Research Analyst | |
| Average age | 39 | 45 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 68.2% Female, 31.8% |
| 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, 13.9% Unknown, 5.9% Hispanic or Latino, 12.4% Asian, 12.9% White, 54.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 18% | 9% |