What state pays actuaries the most?

What state pays actuaries the most?

New York
The states and districts that pay Actuaries the highest mean salary are New York ($154,150), Connecticut ($149,430), New Hampshire ($137,740), North Carolina ($137,190), and District of Columbia ($136,230).

Which state has the most actuary jobs?

1. New York

Total Actuary Jobs: 104
Location Quotient: 2.38 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

Are actuaries highly paid?

Actuaries are well compensated. Experienced fellows have the potential to earn from $150,000 to $250,000 annually, and many actuaries earn more than that. Compensation may vary significantly according to years of experience, industry, geographic region, and responsibilities.

Do actuaries work in banks?

Some large financial institutions, particularly lenders, employ actuaries to assess risks on loan products. Actuaries can be used to measure the potential for loss in an investment portfolio, which directly crosses over into the realm of financial analysis.

Where is the best place to work as an actuary?

6 Best Companies for an Actuary to Work For

  • We’ve all seen the best companies to work for lists, or the great workplace awards or the company with the most desirable benefits ranking.
  • USAA.
  • CHUBB.
  • Interested in exploring opportunities at these great companies?

What can actuaries do in banks?

In conclusion, actuaries can work in banks in a range of roles, including measuring the risk of investments, getting involved in mergers and acquisitions or creating hedge products. Their skills could also serve them well should they make the move into investment banking.

Can you be rich as an actuary?

Fully qualified actuaries can make $150,000+ annually, so most people would say actuaries make good money. But it really depends on your definition of good money. There are a few different ways we could look at this. Consider the actuarial salary compared to the amount of time/effort it takes to become an actuary.

What company hires the most actuaries?

Life, Health, and Pension Actuaries

Company or organization No. employed % of SOA membership
Willis Towers Watson 1352 4.5
Aon 887 3.0
Milliman 839 2.8
Mercer 838 2.8

Do banks hire actuaries?

Can actuaries become CFO?

We’ve seen actuaries move into chief risk officer and chief financial officer roles, as presidents of insurance and reinsurance companies as well as banks, and heading up analytics departments.

What jobs pay 600k a year?


  • Actor/Actress.
  • Physician/Surgeon.
  • Chief Executive Officer.
  • Author.
  • Investment Banker.
  • Lawyer.
  • Entrepreneur.
  • Engineering Manager.

How much do Milliman actuaries make?

The typical Milliman Consulting Actuary salary is $152,261 per year. Consulting Actuary salaries at Milliman can range from $108,143 – $186,130 per year. This estimate is based upon 26 Milliman Consulting Actuary salary report(s) provided by employees or estimated based upon statistical methods.

What business can an actuary start?

In the profession, I see more actuaries going into nontraditional roles including investments, reinsurance, underwriting, sales, auditing and brokering/intermediary services. More actuaries are becoming brokers/intermediaries, investment specialists and taking career paths in enterprise risk management (ERM).