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Actuarial consultant salary
Average actuarial consultant salary
$91,160
Average Actuarial Consultant Salary
The average salary for an actuarial consultant stands at $91,160 per year, translating to approximately $44 per hour. This salary can vary based on experience, education, and geographic location. For instance, entry-level positions may start lower, while those with advanced certifications or specialized skills can command higher wages.
Salary by Experience Level
Typically, entry-level actuarial consultants earn around $66,000, while those with several years of experience can see salaries rise significantly, often exceeding $100,000. This growth is influenced by the increasing demand for data analysis and risk management expertise.
State Variations in Salary
Geographic location plays a pivotal role in salary variations. States like California and New York tend to offer higher salaries due to the cost of living and demand for actuaries, whereas states with lower living costs may offer salaries closer to the national average.
Conclusion
Understanding the salary landscape for actuarial consultants allows professionals to make informed career choices. By evaluating state-specific data and aligning with industry demands, you can maximize your earning potential.
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Where can an Actuarial Consultant earn more?
Actuarial consultant salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level actuarial consultant | $70,900 | $34.09 |
| Mid-level actuarial consultant | $88,000 | $42.32 |
| Senior-level actuarial consultant | $121,000 | $58.14 |
Actuarial consultant salary estimates from across the web
Average actuarial consultant salary by state
The average actuarial consultant salary in New York, Maine, and Massachusetts are the highest in the U.S. The lowest average actuarial consultant salary states are Louisiana, Wyoming, and South Carolina.
- State view
- County view
Highest paying states for actuarial consultants
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Maine | $103,190 | $49.61 |
| 2 | New York | $113,807 | $54.71 |
| 3 | Vermont | $98,343 | $47.28 |
| 4 | Massachusetts | $102,894 | $49.47 |
| 5 | Connecticut | $98,636 | $47.42 |
| 6 | New Hampshire | $98,037 | $47.13 |
| 7 | Missouri | $100,359 | $48.25 |
| 8 | Delaware | $100,502 | $48.32 |
| 9 | West Virginia | $87,715 | $42.17 |
| 10 | Rhode Island | $96,215 | $46.26 |
| 11 | California | $97,682 | $46.96 |
| 12 | Alaska | $100,957 | $48.54 |
| 13 | Virginia | $96,431 | $46.36 |
| 14 | Nevada | $95,309 | $45.82 |
| 15 | Alabama | $85,906 | $41.30 |
| 16 | North Carolina | $91,612 | $44.04 |
| 17 | Wisconsin | $89,526 | $43.04 |
| 18 | Idaho | $90,810 | $43.66 |
| 19 | Mississippi | $84,229 | $40.49 |
| 20 | Georgia | $88,282 | $42.44 |
| 21 | District of Columbia | $92,303 | $44.38 |
| 22 | Washington | $93,313 | $44.86 |
| 23 | New Jersey | $89,664 | $43.11 |
| 24 | Florida | $87,377 | $42.01 |
| 25 | Kentucky | $88,917 | $42.75 |
| 26 | Illinois | $85,203 | $40.96 |
| 27 | Maryland | $97,392 | $46.82 |
| 28 | Oregon | $83,268 | $40.03 |
| 29 | Pennsylvania | $79,669 | $38.30 |
| 30 | Texas | $85,174 | $40.95 |
| 31 | Utah | $84,457 | $40.60 |
| 32 | North Dakota | $82,823 | $39.82 |
| 33 | New Mexico | $85,860 | $41.28 |
| 34 | Oklahoma | $67,856 | $32.62 |
| 35 | Arizona | $75,966 | $36.52 |
| 36 | Kansas | $74,515 | $35.82 |
| 37 | Iowa | $78,212 | $37.60 |
| 38 | Indiana | $76,207 | $36.64 |
| 39 | Colorado | $78,942 | $37.95 |
| 40 | Michigan | $78,020 | $37.51 |
| 41 | Minnesota | $68,850 | $33.10 |
| 42 | South Carolina | $59,910 | $28.80 |
| 43 | South Dakota | $58,103 | $27.93 |
| 44 | Ohio | $72,735 | $34.97 |
| 45 | Nebraska | $72,828 | $35.01 |
| 46 | Tennessee | $70,438 | $33.86 |
| 47 | Montana | $58,792 | $28.27 |
| 48 | Arkansas | $68,143 | $32.76 |
| 49 | Wyoming | $61,855 | $29.74 |
| 50 | Hawaii | $59,610 | $28.66 |
| 51 | Louisiana | $61,940 | $29.78 |
Highest paying cities for actuarial consultants
The highest-paying cities for actuarial consultants are New York, NY, Boston, MA, and San Francisco, CA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $113,966 | $54.79 |
| 2 | Boston, MA | $102,918 | $49.48 |
| 3 | San Francisco, CA | $100,958 | $48.54 |
| 4 | Saint Louis, MO | $100,882 | $48.50 |
| 5 | Hartford, CT | $98,815 | $47.51 |
| 6 | Arlington, VA | $98,528 | $47.37 |
| 7 | Seattle, WA | $93,756 | $45.08 |
| 8 | Washington, DC | $92,366 | $44.41 |
| 9 | De Pere, WI | $91,396 | $43.94 |
| 10 | Jersey City, NJ | $89,737 | $43.14 |
| 11 | Charlotte, NC | $89,447 | $43.00 |
| 12 | Atlanta, GA | $88,151 | $42.38 |
| 13 | Boca Raton, FL | $86,983 | $41.82 |
| 14 | Austin, TX | $86,104 | $41.40 |
| 15 | Chicago, IL | $85,565 | $41.14 |
| 16 | Philadelphia, PA | $80,139 | $38.53 |
| 17 | Denver, CO | $78,941 | $37.95 |
| 18 | Detroit, MI | $78,626 | $37.80 |
| 19 | Indianapolis, IN | $76,006 | $36.54 |
| 20 | Phoenix, AZ | $75,973 | $36.53 |
Actuarial consultant salary details
An actuarial consultant's salary ranges from $61,000 a year at the 10th percentile to $135,000 at the 90th percentile.
What is an actuarial consultant's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $135,000 | $11,250 | $65 |
| 75th Percentile | $112,000 | $9,333 | $54 |
| Average | $91,160 | $7,597 | $44 |
| 25th Percentile | $73,000 | $6,083 | $35 |
| 10th Percentile | $61,000 | $5,083 | $29 |
Highest paying actuarial consultant jobs
The highest paying types of actuarial consultants are product development actuary, health actuary, and actuarial associate.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Pricing Actuary | $65,091 | $5,424 | $31.29 | 15,444 |
| Health Actuary | $99,496 | $8,291 | $47.83 | 48,396 |
| Actuary | $88,255 | $7,355 | $42.43 | 13,566 |
| Actuarial Internship | $90,428 | $7,536 | $43.48 | 49,146 |
| Benefits Consultant | $79,068 | $6,589 | $38.01 | 19,308 |
| Consultant | $78,912 | $6,576 | $37.94 | 171,733 |
Top companies hiring actuarial consultants now:
Which companies pay actuarial consultants the most?
Actuarial consultant salaries at McKinsey & Company Inc and Oliver Wyman are the highest-paying according to our most recent salary estimates. In addition, the average actuarial consultant salary at companies like AIG and JPMorgan Chase & Co. are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | McKinsey & Company Inc | $132,893 | $63.89 |
| 2 | Oliver Wyman | $119,694 | $57.55 |
| 3 | AIG | $116,551 | $56.03 |
| 4 | JPMorgan Chase & Co. | $113,824 | $54.72 |
| 5 | Watson Wyatt | $109,678 | $52.73 |
| 6 | M&T Bank | $108,606 | $52.21 |
| 7 | MetLife | $108,426 | $52.13 |
| 8 | Guidewire Software | $107,037 | $51.46 |
| 9 | Ernst & Young | $106,118 | $51.02 |
| 10 | Nationwide Financial | $106,112 | $51.02 |
| 11 | MassMutual | $104,779 | $50.37 |
| 12 | Pacific Mutual Holding | $102,986 | $49.51 |
| 13 | AIR Worldwide | $102,217 | $49.14 |
| 14 | Perr&Knight | $102,056 | $49.07 |
| 15 | CNA Insurance | $100,783 | $48.45 |
| 16 | Accenture | $100,571 | $48.35 |
| 17 | Allied Solutions | $100,500 | $48.32 |
| 18 | Church Mutual Insurance | $100,438 | $48.29 |
| 19 | The Hartford | $100,397 | $48.27 |
| 20 | Zurich | $100,248 | $48.20 |
Wage gap by gender, race and education
Actuarial consultant salary trends
The average actuarial consultant salary has risen by $16,396 over the last ten years. In 2014, the average actuarial consultant earned $74,764 annually, but today, they earn $91,160 a year. That works out to a 10% change in pay for actuarial consultants over the last decade.
Compare actuarial consultant salaries for cities or states with the national average over time.
Average actuarial consultant salary over time
Compare actuarial consultant salaries for individual cities or states with the national average.
Actuarial consultant salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $91,200 | $43.83 | +2.4% |
| 2024 | $89,000 | $42.77 | +5.0% |
| 2023 | $84,500 | $40.61 | +1.3% |
| 2022 | $83,400 | $40.09 | +0.9% |
| 2021 | $82,600 | $39.71 | +3.5% |
Recently added actuarial consultant salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Marsh McLennan Agency-Michigan | Government Healthcare Actuarial Consultant | Ione, WA | 06/30/2025 | $73,500 |
| Marsh McLennan Agency-Michigan | Oliver Wyman Actuarial-M&A Consulting Actuary-US Life | New York, NY | 06/30/2025 | $100,000 |
| Aaaie | Commercial Pricing Actuarial Consultant-Remote | Pine, AZ | 06/30/2025 | $144,000 |
| Get It-Professional Services | Senior Actuarial Consultant Variable Annuities-Remote | WFH | Charlotte, NC | 06/29/2025 | $110,000 |
| Unitedhealth Group Inc. | Actuarial Consultant-Trend Analytics-Remote | Eden Prairie, MN | 06/28/2025 | $71,600 |
| Smith Hanley Associates | Actuarial Consultant-Life | Noank, CT | 06/26/2025 | $170,000 |
| Unitedhealth Group Inc. | Actuarial Consultant, Aldp-Remote | De Pere, WI | 06/21/2025 | $89,800 |
| Marsh McLennan | Health Actuarial Consultant | Walnut Creek, CA | 06/20/2025 | $86,000 |
| Clark Insurance | Health Actuarial Consultant | Walnut Creek, CA | 06/18/2025 | $86,000 |
| Marsh & McLennan Companies, Inc. | Health Actuarial Consultant | Walnut Creek, CA | 06/17/2025 | $86,000 |
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