Chartered accountant vs actuary

The differences between chartered accountants and actuaries can be seen in a few details. Each job has different responsibilities and duties. Additionally, an actuary has an average salary of $88,255, which is higher than the $65,776 average annual salary of a chartered accountant.

The top three skills for a chartered accountant include internal audit, financial statements and income tax returns. The most important skills for an actuary are risk management, VBA, and GAAP.

Chartered accountant vs actuary overview

	Chartered Accountant	Actuary
Yearly salary	$65,776	$88,255
Hourly rate	$31.62	$42.43
Growth rate	6%	21%
Number of jobs	33,005	13,566
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 83%
Average age	44	39
Years of experience	4	-

Chartered accountant vs actuary salary

Chartered accountants and actuaries have different pay scales, as shown below.

	Chartered Accountant	Actuary
Average salary	$65,776	$88,255
Salary range	Between $42,000 And $102,000	Between $52,000 And $147,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	PayPal
Best paying industry	-	Professional

Differences between chartered accountant and actuary education

There are a few differences between a chartered accountant and an actuary in terms of educational background:

	Chartered Accountant	Actuary
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 83%
Most common major	Accounting	Mathematics
Most common college	University of Pennsylvania	University of Notre Dame

Chartered accountant vs actuary demographics

Here are the differences between chartered accountants' and actuaries' demographics:

	Chartered Accountant	Actuary
Average age	44	39
Gender ratio	Male, 61.0% Female, 39.0%	Male, 74.3% Female, 25.7%
Race ratio	Black or African American, 7.5% Unknown, 3.9% Hispanic or Latino, 9.8% Asian, 18.1% White, 60.2% American Indian and Alaska Native, 0.5%	Black or African American, 3.1% Unknown, 3.0% Hispanic or Latino, 5.1% Asian, 17.3% White, 71.4% American Indian and Alaska Native, 0.0%
LGBT Percentage	7%	18%

Differences between chartered accountant and actuary duties and responsibilities

Chartered accountant example responsibilities.

Manage the review, enhancement, and creation of department policy and procedure documentation require for Sarbanes-Oxley auditing and compliance.
Provision of professional and timely taxation advice and services to clients.
Monitor deposits and withdrawals of revenue and expenses, review payroll, and ensure accurate processing and timely bank reconciliations.
Monitor bond and covenant requirements, providing tax return and audit information to external contacts.

Actuary example responsibilities.

Support the development and implementation of manually-rate renewal strategies, lead by a season FSA.
Manage the design, implementation and oversight of all insurance and reinsurancepricing functions and processes for corporation.
Complete several health and group annuities projects.
Administer payroll, conduct accounts reconciliations, and track all A/R and A/P.
Update duration calculation formula to deliver more reasonable behavior of A/E ratio in Alteryx.
Extract and analyze data by state using SAS in order to analyze and project Medicaid costs.

Chartered accountant vs actuary skills

Common chartered accountant skills

Internal Audit, 33%
Financial Statements, 14%
Income Tax Returns, 11%
Balance Sheet, 6%
Audit Reports, 5%
Tax Audits, 5%

Common actuary skills

Risk Management, 13%
VBA, 9%
GAAP, 5%
SAS, 5%
Health Insurance, 5%
Financial Reports, 5%