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What is the starting salary of an actuary?

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What is the starting salary of an actuary?

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Median annual earnings of actuaries were $82,800 in May 2006. The middle 50 percent earned between $58,710 and $114,570. The lowest 10 percent had earnings of less than $46,470 while the top 10 percent earned more than $145,600. According to the National Association of Colleges and Employers, annual starting salaries for graduates with a bachelor’s degree in actuarial science averaged $53,754 in 2007. Insurance companies and consulting firms give merit increases to actuaries 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

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