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The differences between product development actuaries and product development engineers 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 $86,075 average annual salary of a product development engineer.
The top three skills for a product development actuary include FSA, administration system and SQL. The most important skills for a product development engineer are CAD, solidworks, and product development.
| Product Development Actuary | Product Development Engineer | |
| Yearly salary | $116,008 | $86,075 |
| Hourly rate | $55.77 | $41.38 |
| Growth rate | 21% | 2% |
| Number of jobs | 102,481 | 202,155 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 75% |
| Average age | 39 | 41 |
| Years of experience | - | 6 |
Product development actuaries and product development engineers have different pay scales, as shown below.
| Product Development Actuary | Product Development Engineer | |
| Average salary | $116,008 | $86,075 |
| Salary range | Between $75,000 And $178,000 | Between $64,000 And $113,000 |
| Highest paying City | - | Sunnyvale, CA |
| Highest paying state | - | California |
| Best paying company | - | Amazon |
| Best paying industry | - | Technology |
There are a few differences between a product development actuary and a product development engineer in terms of educational background:
| Product Development Actuary | Product Development Engineer | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 75% |
| Most common major | Mathematics | Mechanical Engineering |
| Most common college | University of Pennsylvania | Michigan Technological University |
Here are the differences between product development actuaries' and product development engineers' demographics:
| Product Development Actuary | Product Development Engineer | |
| Average age | 39 | 41 |
| Gender ratio | Male, 76.2% Female, 23.8% | Male, 86.8% Female, 13.2% |
| 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, 3.1% Unknown, 4.5% Hispanic or Latino, 7.8% Asian, 16.7% White, 67.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 18% | 5% |