This Week in Career Advice: How Much Do Actuaries Earn?
This week, we’re reviewing the standard actuary salary in 2017.
Know What You’re Worth: National Average
According to the Bureau of Labor Statistics, the median annual salary (ie the wage at which half the workers in an occupation earned either above or below) for claims adjusters was $100,610 in May 2016. The lowest 10 percent earned less than $58,910, and the highest 10 percent earned more than $186,250.
Average salaries in top industries include professionals in technical and scientific services ($104,550), finance and insurance ($101,120), government ($95,550), and management of companies and enterprises ($93,370).
Know What You’re Worth: By City
Broken down by skill-level and location, Salary.com offers the following salary information for insurance underwriters (Life):
New York, NY
Entry – $79,885
Mid-Level – $92,639-$117,282
Senior – $150,980
Los Angeles, CA
Entry – $74,697
Mid-Level – $86,622 – $109,665
Senior – $141,174
Chicago, IL
Entry – $70,507
Mid-Level – $81,763 – $127,033
Senior – $133,254
Dallas, TX
Entry – $66,050
Mid-Level – $76,595 – $96,970
Senior – $124,832
For more actuary salary information, visit www.insurancejobs.com.