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The differences between actuarial consultants and actuarial technicians can be seen in a few details. Each job has different responsibilities and duties. Additionally, an actuarial consultant has an average salary of $91,160, which is higher than the $79,409 average annual salary of an actuarial technician.
The top three skills for an actuarial consultant include project management, data analysis and medicaid. The most important skills for an actuarial technician are projection, financial analysis, and product development.
| Actuarial Consultant | Actuarial Technician | |
| Yearly salary | $91,160 | $79,409 |
| Hourly rate | $43.83 | $38.18 |
| Growth rate | 21% | 21% |
| Number of jobs | 17,305 | 7,597 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | - | - |
Actuarial consultants and actuarial technicians have different pay scales, as shown below.
| Actuarial Consultant | Actuarial Technician | |
| Average salary | $91,160 | $79,409 |
| Salary range | Between $61,000 And $135,000 | Between $44,000 And $141,000 |
| Highest paying City | New York, NY | Hartford, CT |
| Highest paying state | New York | New York |
| Best paying company | McKinsey & Company Inc | Transamerica Corporation |
| Best paying industry | Finance | Professional |
There are a few differences between an actuarial consultant and an actuarial technician in terms of educational background:
| Actuarial Consultant | Actuarial Technician | |
| Most common degree | Bachelor's Degree, 80% | 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 consultants' and actuarial technicians' demographics:
| Actuarial Consultant | Actuarial Technician | |
| Average age | 39 | 39 |
| Gender ratio | Male, 66.0% Female, 34.0% | Male, 40.2% Female, 59.8% |
| Race ratio | Black or African American, 3.1% Unknown, 3.0% Hispanic or Latino, 4.8% Asian, 16.4% White, 72.8% 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% |