How To Become An Actuarial Associate: What It Is and Career Path

What is an actuarial associate and how to become one

Updated January 8, 2025

3 min read

The CEO of a company seeks your advice on managing investments and insurance policies. The executive wants you, an actuarial associate, to protect his/her present and future accounts from unnactural events and disasters. As an actuarial associate, you have the know-how to help him plan and secure his/her financial database.

You possess proficiency with statistics and computing software, and you demonstrate strong problem-solving skills. Throughout your career as an actuarial associate, you have to study for and ace a series of difficult examinations, as well as pursue further education through specialized seminars for the position.

It's well worth it - an actuarial associate can earn an average annual salary of $115,000, depending on your geographical area. Working hours happen mostly in an office environment, but you will spend some time traveling for the job, too. To start, you normally have a bachelor's degree in business, mathematics, statistics, or finance, and you will need proper certification and two to three years of job experience.

ScoreActuarial AssociateUS Average

Salary

7.2

Avg. Salary $92,434

Avg. Salary $59,228

Stability level

6.6

Growth rate 21%

Growth rate 0.3%

Diversity

2.9

Race

American Indian and Alaska Native 0.00%

Asian 24.99%

Black or African American 2.94%

Hispanic or Latino 3.66%

Unknown 2.93%

White 65.49%

Gender

female 31.79%

male 68.21%

Age - 37

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 37

Stress level

6.6

Stress level is high

7.1 - high

Complexity level

8.7

Complexity level is advanced

7 - challenging

Work life balance

5.8

Work life balance is fair

6.4 - fair

Key steps to become an actuarial associate

Explore actuarial associate education requirements

Most common actuarial associate degrees

Bachelor's

83.0 %

Master's

12.7 %

Associate

3.3 %

Start to develop specific actuarial associate skills

Skills	Percentages
Life Insurance	13.26%
Financial Results	8.73%
FSA	7.83%
GAAP	5.64%
SQL	5.20%

Complete relevant actuarial associate training and internships

Accountants spend an average of 4-10 years on post-employment, on-the-job training. New actuarial associates learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an actuarial associate based on U.S. Bureau of Labor Statistics data and data from real actuarial associate resumes.

Research actuarial associate duties and responsibilities

Evaluate capitation agreements between provider groups and manage care plans, including commercial and Medicare populations.
Take ownership of quarterly Medicaid cost benefit ratio dashboard by compiling several state's claim cost/utilization data and premium information.
Present findings and recommendations, via Microsoft PowerPoint presentation, from research projects to senior management within the organization.

Prepare your actuarial associate resume

When your background is strong enough, you can start writing your actuarial associate resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an actuarial associate resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable actuarial associate resume templates

Build a professional actuarial associate resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your actuarial associate resume.