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The differences between product development actuaries and health actuaries can be seen in a few details. Each job has different responsibilities and duties. Additionally, a product development actuary has an average salary of $116,008, which is higher than the $99,496 average annual salary of a health actuary.
The top three skills for a product development actuary include FSA, administration system and SQL. The most important skills for a health actuary are FSA, term care, and GAAP.
| Product Development Actuary | Health Actuary | |
| Yearly salary | $116,008 | $99,496 |
| Hourly rate | $55.77 | $47.83 |
| Growth rate | 21% | 21% |
| Number of jobs | 102,481 | 48,396 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 71% |
| Average age | 39 | 39 |
| Years of experience | - | - |
Product development actuaries and health actuaries have different pay scales, as shown below.
| Product Development Actuary | Health Actuary | |
| Average salary | $116,008 | $99,496 |
| Salary range | Between $75,000 And $178,000 | Between $49,000 And $201,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a product development actuary and a health actuary in terms of educational background:
| Product Development Actuary | Health Actuary | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 71% |
| Most common major | Mathematics | Mathematics |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between product development actuaries' and health actuaries' demographics:
| Product Development Actuary | Health Actuary | |
| Average age | 39 | 39 |
| Gender ratio | Male, 76.2% Female, 23.8% | Male, 93.3% Female, 6.7% |
| Race ratio | Black or African American, 2.9% Unknown, 2.9% Hispanic or Latino, 3.4% Asian, 16.5% White, 74.3% American Indian and Alaska Native, 0.0% | Black or African American, 2.9% Unknown, 2.9% Hispanic or Latino, 3.4% Asian, 16.5% White, 74.3% American Indian and Alaska Native, 0.0% |
| LGBT Percentage | 18% | 18% |