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Actuarial Technician Careers

There is more than meets the eye when it comes to being an actuarial technician. For example, did you know that they make an average of $39.34 an hour? That's $81,831 a year!

Between 2018 and 2028, the career is expected to grow 20% and produce 5,000 job opportunities across the U.S.

What Does an Actuarial Technician Do

There are certain skills that many actuarial technicians have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and computer skills.

When it comes to the most important skills required to be an actuarial technician, we found that a lot of resumes listed 23.1% of actuarial technicians included financial statements, while 18.9% of resumes included product development, and 14.4% of resumes included data analysis. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the actuarial technician job title. But what industry to start with? Most actuarial technicians actually find jobs in the insurance and finance industries.

How To Become an Actuarial Technician

If you're interested in becoming an actuarial technician, one of the first things to consider is how much education you need. We've determined that 58.2% of actuarial technicians have a bachelor's degree. In terms of higher education levels, we found that 22.4% of actuarial technicians have master's degrees. Even though most actuarial technicians have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an actuarial technician. When we researched the most common majors for an actuarial technician, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on actuarial technician resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become an actuarial technician. In fact, many actuarial technician jobs require experience in a role such as clinical statistical programmer. Meanwhile, many actuarial technicians also have previous career experience in roles such as math teacher or office manager.

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Average Salary
$81,831
Average Salary
Job Growth Rate
20%
Job Growth Rate
Job Openings
4,277
Job Openings

Actuarial Technician Career Paths

Top Careers Before Actuarial Technician

Top Careers After Actuarial Technician

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Actuarial Technician

Actuarial Technicians in America make an average salary of $81,831 per year or $39 per hour. The top 10 percent makes over $158,000 per year, while the bottom 10 percent under $42,000 per year.
Average Salary
$81,831

Best Paying Cities

City
ascdesc
Average Salarydesc
Charlotte, NC
Salary Range67k - 127k$93k$92,689
Sun Prairie, WI
Salary Range63k - 122k$88k$88,334
Horsham, PA
Salary Range63k - 115k$86k$85,722
Chicago, IL
Salary Range60k - 114k$83k$83,083
Cedar Rapids, IA
Salary Range59k - 114k$83k$82,778
Columbus, OH
Salary Range59k - 112k$82k$82,015
$51k
$127k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Actuarial Technician I (Remote Optional)
Actuarial Technician I (Remote Optional)
USAA
USAA
03/30/2021
03/30/2021
$54,80003/30/2021
$54,800
Actuarial Technician
Actuarial Technician
Randstad
Randstad
06/21/2019
06/21/2019
$37,56606/21/2019
$37,566
Senior Actuarial Tech
Senior Actuarial Tech
Transamerica Life Insurance Company
Transamerica Life Insurance Company
04/30/2019
04/30/2019
$87,25604/30/2019
$87,256
Actuarial Technician
Actuarial Technician
Ameriprise Financial, Inc.
Ameriprise Financial, Inc.
03/09/2018
03/09/2018
$71,38603/09/2018
$71,386
Senior Technical Actuary
Senior Technical Actuary
Uber Technologies, Inc.
Uber Technologies, Inc.
08/23/2016
08/23/2016
$137,73808/23/2016
$137,738
See More Recent Salaries

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Actuarial Technician Demographics

Gender

female

57.7 %

male

37.4 %

unknown

4.9 %

Ethnicity

White

78.1 %

Asian

13.6 %

Hispanic or Latino

4.3 %

Foreign Languages Spoken

Spanish

30.0 %

French

20.0 %

Chinese

10.0 %
See More Demographics

Actuarial Technician Education

Majors

Business
10.6 %

Degrees

Bachelors

64.8 %

Associate

15.7 %

Certificate

10.2 %

Top Colleges for Actuarial Technicians

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition
$53,391
Enrollment
8,568

4. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

5. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

6. Carnegie Mellon University

Pittsburgh, PA • Private

In-State Tuition
$55,465
Enrollment
6,483

7. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

8. Emory University

Atlanta, GA • Private

In-State Tuition
$51,306
Enrollment
6,975

9. University of Michigan - Ann Arbor

Ann Arbor, MI • Public

In-State Tuition
$15,262
Enrollment
30,079

10. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Actuarial Technician

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 23.1% of actuarial technicians listed financial statements on their resume, but soft skills such as analytical skills and communication skills are important as well.

Best States For an Actuarial Technician

Some places are better than others when it comes to starting a career as an actuarial technician. The best states for people in this position are New York, Rhode Island, Maine, and Delaware. Actuarial technicians make the most in New York with an average salary of $111,167. Whereas in Rhode Island and Maine, they would average $100,764 and $98,344, respectively. While actuarial technicians would only make an average of $95,481 in Delaware, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Maine

Total Actuarial Technician Jobs:
67
Highest 10% Earn:
$177,000
Location Quotient:
2.72
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Actuarial Technician Jobs:
363
Highest 10% Earn:
$188,000
Location Quotient:
1.52
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Rhode Island

Total Actuarial Technician Jobs:
25
Highest 10% Earn:
$174,000
Location Quotient:
1.11
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Actuarial Technician Employers

1. State Auto Insurance Companies
4.3
Avg. Salary: 
$89,067
Actuarial Technicians Hired: 
16+
2. Auto-Owners Insurance
4.6
Avg. Salary: 
$117,929
Actuarial Technicians Hired: 
13+
3. Transamerica Corporation
4.2
Avg. Salary: 
$93,726
Actuarial Technicians Hired: 
11+
4. State Farm
4.6
Avg. Salary: 
$116,000
Actuarial Technicians Hired: 
6+
5. Blue Cross Blue Shield of Michigan
4.7
Avg. Salary: 
$97,278
Actuarial Technicians Hired: 
5+
6. Health Care Service
4.7
Avg. Salary: 
$85,384
Actuarial Technicians Hired: 
5+
Updated October 2, 2020