As of April 01, 2025, the average annual salary for an Entry Level Actuary in the United States is $76,601. Salary.com reports that pay typically ranges from $68,501 to $86,601, with most professionals earning between $61,126 and $95,705.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $86,601 | $7,217 | $1,665 | $42 |
| Average | $76,601 | $6,383 | $1,473 | $37 |
| 25th Percentile | $68,501 | $5,708 | $1,317 | $33 |
An entry-level Entry Level Actuary with less than 1 year of experience earns about $76,097. With 1-2 years of experience, the average salary increases to $77,000. For 2-4 years of experience, the pay typically rises to $79,238. Senior-level professionals with 5-8 years of experience earn around $79,686, and those with over 8 years of experience can expect an average of $79,985.
| Levels | Salary |
|---|---|
| Entry Level Entry Level Actuary | $76,097 |
| Intermediate Level Entry Level Actuary | $77,000 |
| Senior Level Entry Level Actuary | $79,238 |
| Specialist Level Entry Level Actuary | $79,686 |
| Expert Level Entry Level Actuary | $79,985 |
| Entry Level | 1% |
| Mid Level | 1% |
| Senior Level | 3% |
| Top Level | 4% |
| Experienced | 4% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Entry Level Actuary compensation over the past six years. For example, the median salary increased from $75,691 in 2023 to approximately $75,756 in 2024. (For a detailed analysis of Entry Level Actuary salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Entry Level Actuary information for you to search for. Click on search button below to see Entry Level Actuary job openings or enter a new job title here.
Here are companies hiring for Entry Level Actuary and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $76,601 | 70.2% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $5,860 | 5.4% | ||
| 401K/403B | $3,217 | 2.9% | ||
| Disability | $1,532 | 1.4% | ||
| Healthcare | $8,352 | 7.7% | ||
| Pension | $4,136 | 3.8% | ||
| Time Off | $9,428 | 8.6% | ||
| Total Compensation | $109,127 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.7% |
| High School | 8.9% |
| Associates | 3.9% |
| Bachelors | 64.0% |
| Masters | 20.5% |
| Doctorate | 2.1% |
What Am I Worth?
The highest-paying actuary roles include Actuarial Director, with salaries ranging from $142,500 to $211,500, and Pricing Actuary, earning between $120,000 and $188,000. For entry-level positions, salaries typically range from $72,801 to $89,801, with a midpoint of $81,501, reflecting the starting point for a rewarding career in actuarial science.
Despite a projected growth rate of 21% from 2021 to 2031 and around 2,400 job openings annually, the actuarial profession faces a talent shortage. Entry-level actuaries can expect salaries ranging from $72,801 to $89,801, highlighting the demand for skilled professionals in this critical field. The ongoing talent crisis poses challenges for the industry.
A good GPA for an actuary is typically above 3.0, as recruiters view it as a key factor in candidate evaluation. With entry-level actuary salaries ranging from $72,801 to $89,801, a strong academic record can enhance your prospects for securing a competitive position in this field.
According to the Bureau of Labor Statistics, the demand for actuaries is projected to increase 21% from 2021 to 2031, significantly outpacing the average occupation. This supply gap is exacerbated by appealing opportunities in related fields like data science. Entry-level actuaries can expect salaries ranging from $72,801 to $89,801, making the profession increasingly attractive.
An entry-level actuary typically starts as an actuarial assistant, associate actuary, or actuarial trainee. Responsibilities include analyzing data, developing equations and algorithms for calculations, and preparing reports for a supervising actuary. The salary for entry-level actuaries ranges from $72,801 to $89,801, with a mid-salary of $81,501.
Actuarial Science is known for its challenging curriculum, requiring strong analytical skills and a deep understanding of mathematics and statistics. Entry-level actuaries can expect salaries ranging from $72,801 to $89,801, reflecting the high demand for expertise in managing risk and uncertainty in various industries.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
