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Product development actuary vs software developer

The differences between product development actuaries and software developers 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 $87,521 average annual salary of a software developer.

The top three skills for a product development actuary include FSA, administration system and SQL. The most important skills for a software developer are java, python, and C++.

Product development actuary vs software developer overview

Product Development ActuarySoftware Developer
Yearly salary$116,008$87,521
Hourly rate$55.77$42.08
Growth rate21%21%
Number of jobs102,481294,329
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 72%
Average age3939
Years of experience-4

Product development actuary vs software developer salary

Product development actuaries and software developers have different pay scales, as shown below.

Product Development ActuarySoftware Developer
Average salary$116,008$87,521
Salary rangeBetween $75,000 And $178,000Between $67,000 And $113,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-The Citadel
Best paying industry-Finance

Differences between product development actuary and software developer education

There are a few differences between a product development actuary and a software developer in terms of educational background:

Product Development ActuarySoftware Developer
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 72%
Most common majorMathematicsComputer Science
Most common collegeUniversity of PennsylvaniaHarvard University

Product development actuary vs software developer demographics

Here are the differences between product development actuaries' and software developers' demographics:

Product Development ActuarySoftware Developer
Average age3939
Gender ratioMale, 76.2% Female, 23.8%Male, 79.3% Female, 20.7%
Race ratioBlack 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, 4.5% Unknown, 4.8% Hispanic or Latino, 8.2% Asian, 29.9% White, 52.5% American Indian and Alaska Native, 0.2%
LGBT Percentage18%8%

Differences between product development actuary and software developer duties and responsibilities

Product development actuary example responsibilities.

  • Manage design control including FMEA risk analysis, surgeon clinical input documentation, design verification and validation activities.
  • Generate nutrition information and ingredient statements for each product, according to FDA and international labeling regulations.
  • Design and develop aircraft seal devices through engineering analysis, prototyping, risk assessment and appropriate qualification testing with customer expectation.
  • Manage the design, implementation and oversight of all insurance and reinsurancepricing functions and processes for corporation.

Software developer example responsibilities.

  • Restructure the project code in repository and use maven to manage project dependencies.
  • Used JIRA to manage and track the issues report by QA and prioritize and take action base on the severity.
  • Develop the front-end web page by using HTML5, CSS3, and JavaScript, taking advantage of the frameworks Angular.JS.
  • Lead team and develop UNIX administrative and maintenance development tasks, supporting customer requirements.
  • Configure custom PL/SQL database to manage new database objects including triggers, user-define functions and store procedures.
  • Implement a centralize configuration system for managing application settings, consisting of a desktop application with a WCF backend.
  • Show more

Product development actuary vs software developer skills

Common product development actuary skills
  • FSA, 51%
  • Administration System, 14%
  • SQL, 13%
  • Annuities, 11%
  • Life Insurance Products, 6%
  • Projection, 3%
Common software developer skills
  • Java, 11%
  • Python, 9%
  • C++, 7%
  • Software Development, 6%
  • JavaScript, 5%
  • Database, 5%

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