Actuaries enjoy competitive salaries, job security, and strong industry growth. Over the next decade, actuarial employment is expected to grow by 22 percent, which is much faster than the average profession. While earning actuarial credentials requires dedication and ongoing education, it is a highly rewarding career for individuals with a strong aptitude for mathematics and statistics.
Quick Facts About Actuaries
| 2024 Median Pay | $125,770 per year $60.47 per hour |
| Typical Entry-Level Education | Bachelor’s degree |
| On-the-job Training | Long-term on-the-job training expected |
| Number of Jobs in 2023 | 30,200 |
| Job Outlook for 2023-2033 | 22% growth (Much faster than average) |
| Employment Change for 2023-2033 | 6,600 new jobs |
Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook
Actuarial Salary Insights
In May 2024, the median annual wage for actuaries was $125,770 per year. This means that half of all actuaries earned more than this amount, while the other half earned less.
- Top 10% earners: Over $206,430 per year
- Bottom 10% earners: Up to $75,240 per year
Interested in becoming an actuary? Learn more about the actuarial credentialing process here.