Actuary Statistics By Gender
25.7% of actuaries are women and 74.3% of actuaries are men.
- Male, 74.3%
- Female, 25.7%
Actuaries By Gender
| Gender | Percentages |
|---|---|
| Male | 74.3% |
| Female | 25.7% |
Gender Pay Gap For Actuary
Women Earn 94¢ For Every $1 Earned By Men
Actuary Gender Over Time
This data shows how men and women predominate in the actuary position over time.
Actuary Gender By Year
| Year | Male | Female |
|---|---|---|
| 2010 | 72.98% | 27.02% |
| 2011 | 70.40% | 29.60% |
| 2012 | 71.09% | 28.91% |
| 2013 | 73.45% | 26.55% |
| 2014 | 66.75% | 33.25% |
| 2015 | 71.80% | 28.20% |
| 2016 | 76.21% | 23.79% |
| 2017 | 73.04% | 26.96% |
| 2018 | 72.58% | 27.42% |
| 2019 | 73.60% | 26.40% |
| 2020 | 74.55% | 25.45% |
| 2021 | 74.29% | 25.71% |
Actuary Male to Female Ratio
We compared this job title with other job titles to see how gender percentages varied. As you can see, balance engineer and lead simulation modeling engineer have the biggest difference in gender.
| Job Title | Male | Female |
|---|---|---|
| Clinical Data Specialist | 25% | 75% |
| Actuary Clerk | 27% | 73% |
| Clinical Data Coordinator | 27% | 73% |
| Actuary | 74% | 26% |
| Method Consultant | 80% | 20% |
| Lead Simulation Modeling Engineer | 89% | 11% |
| Balance Engineer | 93% | 7% |
Actuary Statistics By Race
The most common ethnicity among actuaries is White, which makes up 71.4% of all actuaries. Comparatively, there are 17.3% of the Asian ethnicity and 5.1% of the Hispanic or Latino ethnicity.
- White, 71.4%
- Asian, 17.3%
- Hispanic or Latino, 5.1%
- Black or African American, 3.1%
- Unknown, 3.0%
- American Indian and Alaska Native, 0.1%
Actuary Race
| Actuary Race | Percentages |
|---|---|
| White | 71.4% |
| Asian | 17.3% |
| Hispanic or Latino | 5.1% |
| Black or African American | 3.1% |
| Unknown | 3.0% |
| American Indian and Alaska Native | 0.1% |
Actuary Race And Ethnicity Over Time
Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010-2019 among actuaries.
- White
- Asian
- Hispanic or Latino
- Black or African American
Actuary Race By Year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 82.53% | 0.89% | 12.32% | 2.78% |
| 2011 | 75.94% | 3.05% | 17.55% | 2.55% |
| 2012 | 77.01% | 1.81% | 14.13% | 6.17% |
| 2013 | 78.21% | 1.17% | 15.85% | 3.37% |
| 2014 | 76.40% | 1.15% | 17.11% | 4.61% |
| 2015 | 73.04% | 1.24% | 20.75% | 3.48% |
| 2016 | 78.20% | 2.12% | 13.36% | 3.99% |
| 2017 | 74.40% | 2.21% | 16.96% | 4.62% |
| 2018 | 76.42% | 1.79% | 15.18% | 4.40% |
| 2019 | 79.76% | 2.53% | 12.51% | 3.55% |
| 2020 | 76.51% | 1.85% | 14.87% | 4.22% |
| 2021 | 71.44% | 3.11% | 17.32% | 5.13% |
Actuary Wage Gap By Race
| Ethnicity | Salary |
|---|---|
| Unknown | $91,691 |
| White | $93,907 |
| Black or African American | $88,402 |
| Asian | $94,046 |
| Hispanic or Latino | $89,417 |
Average Age of an Actuary
We determined the average age of actuaries based on ethnicity and gender.
Actuary Age By Race
| Race | Male Age | Female Age |
|---|---|---|
| White | 39 | 38 |
| Black or African American | 33.5 | |
| Asian | 35 | 35 |
Actuary Age Breakdown
This chart breaks down the ages of actuary employees. Interestingly enough, the average age of actuaries is 40+ years old, which represents 41% of the population.
Actuary Age
| Actuary Years | Percentages |
|---|---|
| 40+ years | 41% |
| 30-40 years | 40% |
| 20-30 years | 18% |
Types of Actuary Degree Levels
The most common degree for actuaries is bachelor's degree 83% of actuaries earn that degree. A close second is master's degree with 12% and rounding it off is associate degree with 3%.
- Bachelors, 83%
- Masters, 12%
- Associate, 3%
- Doctorate, 1%
- Other Degrees, 1%
Actuaries By Education
| Actuary Degree | Percentages |
|---|---|
| Bachelors | 83% |
| Masters | 12% |
| Associate | 3% |
| Doctorate | 1% |
| Other Degrees | 1% |
Actuary Jobs You Might Like
Actuary Wage Gap By Education
| Education | Salary |
|---|---|
| Master's Degree | $98,329 |
| Bachelor's Degree | $83,643 |
Actuary Employment Statistics
This section highlights information about where actuaries work. We found most actuaries work for a private company. In addition, the industry that employs the most actuaries is the insurance industry.
Company Size
We created this chart to show you the average size of companies that typically hire actuaries.
Actuary Jobs By Employer Size
| Company Size | Percentages |
|---|---|
| < 50 employees | 5% |
| 50 - 100 employees | 12% |
| 100 - 500 employees | 16% |
| 500 - 1,000 employees | 9% |
| 1,000 - 10,000 employees | 35% |
| > 10,000 employees | 24% |
The Types Of Companies Actuary Work In
Employees with the actuary job title have their preferences when it comes to working for a company. For instance, most actuaries prefer to work at private companies over public companies.
Actuary Jobs By Sector
| Company Type | Percentages |
|---|---|
| Education | 1% |
| Public | 24% |
| Private | 72% |
| Government | 3% |
Top Industries Hiring Actuaries
Just based on the number of employees within each industry, we were able to determine the most common industries that employ actuaries. Those industries include insurance, finance and professional.
Actuary Industry Statistics
| Industry | Percentages |
|---|---|
| Insurance | 38% |
| Finance | 16% |
| Fortune 500 | 13% |
| Professional | 10% |
| Health Care | 6% |
| Technology | 5% |
| Manufacturing | 2% |
| Government | 2% |
| Transportation | 1% |
| Automotive | 1% |
| Start-up | 1% |
| Non Profits | 1% |
| Hospitality | 1% |
| Education | 1% |
Actuary Turnover And Employment Statistics
Actuary Unemployment Rate Over Time
The Bureau of Labor Statistics came in clutch when it came down to figuring out how the unemployment rate has changed over time. Between 2008 and 2018, this is how the number of actuaries changed.
- Unemployment rate
Actuary Unemployment Rate By Year
| Year | Actuary Unemployment Rate |
|---|---|
| 2010 | 2.97% |
| 2011 | 1.75% |
| 2012 | 1.35% |
| 2013 | 1.11% |
| 2014 | 1.03% |
| 2015 | 2.62% |
| 2016 | 1.03% |
| 2017 | 0.32% |
| 2018 | 0.87% |
| 2019 | 1.99% |
| 2020 | 0.92% |
| 2021 | 0.53% |
The Average Number of Years That Actuary Stay in a Job
By looking over 520 actuaries resumes, we figured out that the average actuary enjoys staying at their job for 1-2 years for a percentage of 33%.
Actuary Tenure
| Number or Years | Percentages |
|---|---|
| Less than 1 year | 12% |
| 1-2 years | 33% |
| 3-4 years | 17% |
| 5-7 years | 19% |
| 8-10 years | 8% |
| 11+ years | 11% |
Comparing The LGBT Ratio of Actuarys with Other Job Titles
After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. Using the data below, you can see how other job titles compare to actuaries.
| Job Title | LGBT | Job Openings |
|---|---|---|
| Senior Quality Assurance Analyst | 7.66% | 123,719 |
| Telecommunications Specialist | 7.80% | 29,962 |
| Senior Statistician | 8.31% | 3,102 |
| Operations Administrator | 8.39% | 115,828 |
| Junior Operations Analyst | 13.23% | 84,576 |
| Actuary | 17.69% | - |
| Research And Development Internship | 20.69% | 154,854 |
Actuary LGBT Demographics
| Profession | Percentages of LGBT | Job Openings |
|---|---|---|
| Senior Quality Assurance Analyst | 7.66% | 123,719 |
| Telecommunications Specialist | 7.80% | 29,962 |
| Senior Statistician | 8.31% | 3,102 |
| Operations Administrator | 8.39% | 115,828 |
| Junior Operations Analyst | 13.23% | 84,576 |
| Research And Development Internship | 20.69% | 154,854 |
Foreign Languages Spoken By Actuarys
The most common foreign language among actuaries is Spanish at 25.8%. The second-most popular foreign language spoken is Portuguese at 9.7% and French is the third-most popular at 9.7%.
- Spanish, 25.8%
- Portuguese, 9.7%
- French, 9.7%
- Chinese, 6.5%
- Albanian, 6.5%
- Other, 41.8%
Actuary Languages Spoken
| Foreign Language | Percentages |
|---|---|
| Spanish | 25.8% |
| Portuguese | 9.7% |
| French | 9.7% |
| Chinese | 6.5% |
| Albanian | 6.5% |
| Other | 41.8% |
