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This question is about actuarial internship salaries, actuarial analyst salaries, and what an actuarial internship does.
What is the highest-paid actuary?
The highest-paid actuary works in casualty insurance. The average salary for a casualty insurance actuary is $556,000 a year. Following in close second are actuaries in life insurance, which average $528,000 a year. Health insurance actuaries average $423,000 a year, and pension actuaries make approximately $364,000 a year.
According to actuary.org, for experienced actuaries who have passed the required certification exams, it's not unusual to earn $150,000 to $250,000 per year or more.
The top-paying industries for actuaries, according to The BLS 2020 report, are:
Securities, commodity contracts, and other financial investments and related activities, where the average wage is $139,100 per year
Agencies, brokerages, and other insurance-related activities, which pays a mean salary of $129,610 per year
Insurance carriers, which pay an average annual salary of $124,550 per year
Management, scientific, and technical consulting services, where the mean wage is $121,920 per year
Management of companies and enterprises, where actuaries earn an average wage of $111,820 per year
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