These people are mostly found in the insurance sector, and their job is to use statistical data to calculate clients' financial uncertainty. They are also tasked with calculating the cost of premium health insurance packages. Seventy percent of Health Actuary work in insurance companies, while the rest of them work with some government health agencies. They are also responsible for providing advice to their clients, but on a contract basis; they often work mostly as consultants. They design, help administer insurance, analyze pension plans, determine financial soundness, and calculate premiums.

There are some skills you need to increase your chances of getting this job. Some of them include mathematics skills, the ability to calculate and identify potential risk with the use of calculus, and probability, strong statistical skills, strong analytical skills, technical skills, e.g., database operations, statistical analysis, and spreadsheets, risk management skills, ability to identify and predict potential and problem-solving skills. The salary structure for this job depends on some factors: the size of the organization, the experience of the candidate, and the country in which you reside. In the United States, an average Health Actuary earns between $68,000 and $113,567 per annum.

What Does a Finance And Insurance Manager Do

There are certain skills that many finance and insurance managers 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 customer-service skills, leadership skills and analytical skills.

Learn more about what a Finance And Insurance Manager does

How To Become a Finance And Insurance Manager

If you're interested in becoming a finance and insurance manager, one of the first things to consider is how much education you need. We've determined that 63.9% of finance and insurance managers have a bachelor's degree. In terms of higher education levels, we found that 4.8% of finance and insurance managers have master's degrees. Even though most finance and insurance managers have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Finance And Insurance Manager
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Finance And Insurance Manager Career Paths

Average Salary for a Finance And Insurance Manager

Finance And Insurance Managers in America make an average salary of $92,250 per year or $44 per hour. The top 10 percent makes over $155,000 per year, while the bottom 10 percent under $54,000 per year.
Average Finance And Insurance Manager Salary
$92,250 Yearly
$44.35 hourly
$54,000
10 %
$92,000
Median
$155,000
90 %

What Am I Worth?

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How To Become a Finance And Insurance Manager
How To Become a Finance And Insurance Manager Career Overview

States With The Most Finance And Insurance Manager Jobs

Mouse over a state to see the number of active finance and insurance manager jobs in each state. The darker areas on the map show where finance and insurance managers earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Finance And Insurance Manager Jobs By State

RankStateNumber of JobsAverage Salary
1California5,553$105,595
2Texas3,189$83,211
3Florida2,799$67,325
4Illinois2,341$98,764
5New York2,333$113,985
6Virginia1,700$101,776
7Georgia1,670$83,101
8Pennsylvania1,585$112,470
9Massachusetts1,581$111,920
10North Carolina1,471$85,255
11Washington1,357$89,690
12Ohio1,317$77,907
13Minnesota1,266$78,321
14Michigan1,172$95,174
15New Jersey1,154$94,524
16Maryland1,136$110,912
17Colorado1,116$97,619
18Arizona1,055$86,071
19Wisconsin977$89,392
20Tennessee943$81,596
21Missouri911$82,282
22Indiana875$78,437
23Alabama743$84,641
24Utah674$82,990
25Connecticut656$114,493
26Oregon612$88,001
27Iowa605$77,943
28Louisiana569$83,384
29South Carolina547$77,696
30Kentucky490$74,783
31Mississippi387$75,563
32Nevada330$93,567
33Nebraska302$68,629
34Idaho301$92,456
35Delaware264$112,313
36Arkansas245$77,914
37Kansas232$86,209
38New Mexico223$86,553
39New Hampshire210$85,596
40Oklahoma209$89,148
41Rhode Island204$94,419
42Hawaii193$67,191
43West Virginia185$87,343
44Maine183$95,661
45North Dakota178$78,257
46South Dakota160$87,699
47Alaska157$90,973
48Vermont151$91,039
49Wyoming128$75,329
50Montana120$100,056

Finance And Insurance Manager Education

Finance And Insurance Manager Majors

38.2 %
12.8 %

Finance And Insurance Manager Degrees

Bachelors

63.9 %

Associate

16.8 %

High School Diploma

9.3 %

Top Colleges for Finance And Insurance Managers

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 Southern California

Los Angeles, CA • Private

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

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

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

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

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

Top Skills For a Finance And Insurance Manager

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, 19.0% of finance and insurance managers listed customer service on their resume, but soft skills such as customer-service skills and leadership skills are important as well.

Choose From 10+ Customizable Finance And Insurance Manager Resume templates

Zippia allows you to choose from different easy-to-use Finance And Insurance Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Finance And Insurance Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Finance And Insurance Manager Resume
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Finance And Insurance Manager Resume
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Finance And Insurance Manager Resume
Finance And Insurance Manager Resume
Finance And Insurance Manager Resume
Finance And Insurance Manager Resume
Finance And Insurance Manager Resume
Finance And Insurance Manager Resume

Finance And Insurance Manager Demographics

Finance And Insurance Manager Gender Distribution

Male
Male
68%
Female
Female
33%

After extensive research and analysis, Zippia's data science team found that:

  • Among finance and insurance managers, 32.5% of them are women, while 67.5% are men.

  • The most common race/ethnicity among finance and insurance managers is White, which makes up 68.6% of all finance and insurance managers.

  • The most common foreign language among finance and insurance managers is Spanish at 57.5%.

Work Experience Programs For Finance And Insurance Managers

Virtual work experience programs replicate work at top companies and help you gain the skills to be successful when applying and working there. In only a few hours, learn the relevant tools necessary to complete a typical work day at that company. Virtual work experience programs are 100% free, open-access, and self-paced. No experience or application is required!

Finance and Mergers & Acquisitions Program

Company: Ashurst UK

Cost: Free

Duration: 4-5 hours

Wealth Management Program

Company: Goodbody

Cost: Free

Duration: 5-6 hours

Private Equity and Finance Program

Company: Weil

Cost: Free

Duration: 4-5 hours

Token Service Technology Program

Company: Visa

Cost: Free

Duration: 2-3 hours

Financial Services Regulation Program

Company: Herbert Smith Freehills

Cost: Free

Duration: 5-6.5 hours

Disputes, Competition & Insurance Program

Company: MinterEllison

Cost: Free

Duration: 3-4 hours

Audit Program

Company: Grant Thornton Australia

Cost: Free

Duration: 5-6 hours

Markets - Sales & Trading Program

Company: Citi APAC

Cost: Free

Duration: 5-6 hours

Digital Intelligence in Business Transformation Program

Company: PwC Switzerland

Cost: Free

Duration: 7-8 hours

Sustainable Finance Program

Company: Clifford Chance

Cost: Free

Duration: 6-7 hours

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Best States For a Finance And Insurance Manager

Some places are better than others when it comes to starting a career as a finance and insurance manager. The best states for people in this position are Connecticut, New York, Pennsylvania, and Delaware. Finance and insurance managers make the most in Connecticut with an average salary of $114,493. Whereas in New York and Pennsylvania, they would average $113,985 and $112,470, respectively. While finance and insurance managers would only make an average of $112,313 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. Connecticut

Total Finance And Insurance Manager Jobs:
656
Highest 10% Earn:
$183,000
Location Quotient:
1.2

2. Delaware

Total Finance And Insurance Manager Jobs:
264
Highest 10% Earn:
$179,000
Location Quotient:
1.28

3. New York

Total Finance And Insurance Manager Jobs:
2,333
Highest 10% Earn:
$182,000
Location Quotient:
1.11
Full List Of Best States For Finance And Insurance Managers

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Top Finance And Insurance Manager Employers

Most Common Employers For Finance And Insurance Manager

RankCompanyAverage SalaryHourly RateJob Openings
1Microsoft$144,411$69.4313
2Yark Automotive Group$119,716$57.565
3Reliable Chevrolet$109,663$52.725
4Hendrick Honda$108,047$51.954
5Zurich$105,454$50.7013
6Asbury Automotive Group$105,359$50.6515
7Accenture$103,686$49.858
8Arrow Services$93,925$45.163
9Sheehy$92,600$44.525
10Reichert Bus Service$91,624$44.053

Finance And Insurance Manager Videos