What Are The Training Requirements for Actuaries?

Actuaries need a bachelor's degree and long-term on-the-job training.

Degrees for Actuaries
Typical education of Actuaries
Percent
Less than High School 0.0
High School 0.0
Some College 1.2
Associates Degree 0.7
Bachelors Degree 63.5
Masters Degree 23.6
Doctorate or Professional Degree 11.0

What Is the Employment Outlook for Actuaries?

Over the next 10 years there will be aproximately 4,000 more actuaries but, because of expected growth and replacement needs in the United States, we will need 11,000 more.

This career includes 24,000 people in the United States.

How Much Do Actuaries Make?

On average, actuaries make $54.87 per hour or $114,120 per year in the United States.

What Is the Typical Hourly Income for Actuaries?

Hourly income for Actuaries in the United States compared with other, similar careers.
Bottom 10% Bottom 25% Median Top 75% Top 90%
Actuaries $28.32 $35.81 $48.37 $67.40 $89.54
Computer and mathematical occupations $20.51 $28.42 $39.82 $53.70 $67.91
Mathematical science occupations $21.54 $28.66 $39.30 $52.78 $67.74
National Average $9.27 $11.60 $17.81 $28.92 $45.45

What Is the Typical Annual Salary for Actuaries?

Annual salary for Actuaries in the United States compared with other, similar careers.
Bottom 10% Bottom 25% Median Top 75% Top 90%
Actuaries $58,910 $74,480 $100,610 $140,190 $186,250
Computer and mathematical occupations $42,650 $59,120 $82,830 $111,690 $141,250
Mathematical science occupations $44,810 $59,620 $81,750 $109,780 $140,900
National Average $19,290 $24,140 $37,040 $60,150 $94,540

This data is from the U.S. Bureau of Labor Statistics, Occupational Employment Statistics

Is This Your Career?

Can we ask you a couple questions about actuaries?

Tell us a little about this career