Actuaries held about 18,000 jobs in 2004, with 6 out of 10 employed in the insurance industry. A growing number of actuaries work for firms providing a variety of corporate services, especially management and public relations, or for firms offering consulting services. A relatively small number of actuaries are employed by security and commodity brokers or by government agencies.
Earnings Overview
Median annual earnings of actuaries were $76,340 in May 2004. The middle 50 percent earned between $54,770 and $107,650. According to the National Association of Colleges and Employers, annual starting salaries for graduates with a bachelor's degree in actuarial science averaged $52,741 in 2005. 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.
Earnings by State
Earnings by Metropolitan Area