Compensation

Salaries and Benefits

Actuaries are well compensated. Experienced Fellows have the potential to earn from $150,000 to $250,000 annually. In fact, did you know that new Associate actuaries earned a higher salary than the average MBA in 2002?

Compensation may vary significantly according to years of experience, industry, geographic region, and responsibilities. For example, an actuary with a Fellowship designation working as a financial manager in the banking industry could earn a higher salary than another Fellow working in the health insurance industry.

Up-to-date salary information for actuaries working in traditional insurance and pension settings can be found on the Web site of D.W. Simpson & Company. This firm's salary information is based on their latest Actuary Salary Survey.

Additional U.S. salary information for traditional actuaries can be found at the Bureau of Labor and Statistics at http://www.bls.gov/oco/home.htm.