How Much Do Actuaries Make?
Median annual pay of actuaries were $84,810 in May 2008. The middle 50 percent were paid between $62,020 and $119,110. The lowest 10 percent had pay less than $49,150, while the top 10 percent were paid more than $160,780. According to the National Association of Colleges and Employers, annual starting salaries for graduates with a bachelor’s degree in actuarial science averaged $56,320 in July 2009. Insurance companies and consulting firms give merit increases to an actuary as they gain experience and pass examinations. Some companies also offer cash bonuses for each professional designation achieved. A 2007 survey by Life Office Management Association, Inc. of the largest U.S. insurance and financial services companies indicated that the average base salary for an entry-level actuary was $53,111. Associate actuaries, who direct and provide leadership in the design, pricing, and implementation of insurance products, received an average salary of $109,167. Actuaries at the highest tech
