Training Requirements for Actuaries

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

Degrees for 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

Employment Outlook for Actuaries

This represents about 24,000 people in the United States.

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.

Typical Income for Actuaries

Hourly Income

On average,actuaries make $54.87 per hour.

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

Annual Salaries

On average, actuaries make $114,120 per year.

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

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