Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
Actuaries
SOC: 15-2011 O*NET: 15-2011.00
Median Salary
$125,770
per year
Job Growth
🚀 21.8%
Much Faster (2024-2034)
Annual Openings
2.4
projected jobs/year
Education Level
Bachelor's degree or higher
Job Zone 4
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
What does a Actuaries do?
How much can you earn?
Salary Distribution by Percentile
Understanding where you might fall in the salary range based on experience and location.
10th
$75,462
25th
$100,616
50th (Median)
$125,770
75th
$150,924
90th
$188,655
Percentile Explained: If you're in the 75th percentile, you earn more than 75% of workers in this occupation. Entry-level positions typically fall in the 10th-25th percentile range, while experienced professionals often reach the 75th-90th percentile.
Typical Benefits Package
Health & Wellness
- ✓Health Insurance
- ✓Dental Insurance
- ✓Vision Insurance
- ✓Mental Health Support
- ✓Wellness Programs
Financial Benefits
- ✓401(k) Retirement Plan
- ✓Employer Match (typically 3-6%)
- ✓Profit Sharing
- ✓Stock Options
- ✓Performance Bonuses
Work-Life Balance
- ✓Paid Time Off (15-25 days)
- ✓Paid Sick Leave
- ✓Flexible Work Arrangements
- ✓Remote Work Options
- ✓Parental Leave
Professional Development
- ✓Tuition Reimbursement
- ✓Professional Certifications
- ✓Conference Attendance
- ✓Training Programs
- ✓Mentorship Opportunities
Note: Benefits vary widely by employer, company size, and location. Large corporations and tech companies often offer more comprehensive packages, while small businesses may offer fewer benefits but more flexibility. Always review the complete compensation package, not just base salary.
What's the job outlook?
Job Market Intelligence
Very High Demand
Market demand
Medium Risk
Automation risk
Current Employment
National Employment:33,600
10-Year Outlook
Growth Rate:+21.8%
Annual Openings:2,400
Employment Projections
2024 (Current)33,600
Current
2034 (Projected)40,900
+21.8%
+7,300
Employment Change
+21.8%
Growth Rate
10
Year Projection
Growth Category: Much faster than average
Key Growth Factors
- •Much faster than average growth expected
- •High current market demand
What skills do you need?
Top 10 Most Important Skills
#1
Judgment and Decision Making
100%
#2
Critical Thinking
94%
#3
Reading Comprehension
86%
#4
Mathematics
80%
#5
Complex Problem Solving
74%
#6
Systems Evaluation
66%
#7
Active Listening
60%
#8
Speaking
54%
#9
Systems Analysis
46%
#10
Writing
40%
Skills Overview
Judgment and Decision Making
advanced5.0
100%
Critical Thinking
advanced4.7
94%
Reading Comprehension
basic4.3
86%
Mathematics
intermediate4.0
80%
Complex Problem Solving
advanced3.7
74%
Systems Evaluation
intermediate3.3
66%
Active Listening
intermediate3.0
60%
Speaking
basic2.7
54%
Skills are rated on a scale of 0-5, with 5 being the most important. The complexity level indicates how advanced the skill typically needs to be.
Filter:
Sort by:
Judgment and Decision Making
advancedImportance100%
abilities
5.0/5.0
Critical Thinking
advancedImportance94%
abilities
4.7/5.0
Reading Comprehension
basicImportance86%
abilities
4.3/5.0
Mathematics
intermediateImportance80%
skills
4.0/5.0
Complex Problem Solving
advancedImportance74%
abilities
3.7/5.0
Systems Evaluation
intermediateImportance66%
skills
3.3/5.0
Active Listening
intermediateImportance60%
skills
3.0/5.0
Speaking
basicImportance54%
skills
2.7/5.0
Systems Analysis
basicImportance46%
skills
2.3/5.0
Writing
basicImportance40%
skills
2.0/5.0
Highly Transferable Skills
These skills are valuable across multiple career paths, making career transitions easier:
Agricultural Engineers100%
5 shared skills
Biofuels/Biodiesel Technology and Product Development Managers82%
5 shared skills
Web Administrators82%
5 shared skills
Water/Wastewater Engineers82%
5 shared skills
Water Resource Specialists82%
5 shared skills
Health Informatics Specialists82%
5 shared skills
Skills by Career Stage
Entry Level
Learn on the Job:
- →Systems Evaluation
- →Active Listening
- →Speaking
Mid Career
Expected:
- ✓Mathematics
- ✓Judgment and Decision Making
- ✓Critical Thinking
- ✓Reading Comprehension
Senior Level
Mastery Required:
- ★Mathematics
- ★Judgment and Decision Making
- ★Critical Thinking
- ★Reading Comprehension
- ★Complex Problem Solving
Skill Development Tips
- •Focus on developing the top 5 skills first - they have the highest impact on career success
- •Transferable skills open doors to related careers and provide flexibility
- •Balance technical skills with soft skills for well-rounded professional development
- •Entry-level positions prioritize foundational skills that can be built upon over time
What technology will you use?
Technology & Digital Skills
Essential technology proficiencies for Actuaries
Technology Intensity
Very High
🔥
Hot Technologies in Demand
These technologies are currently trending and highly sought after in this field
IBM SPSS Statistics
🔥 Hot TechSAS
🔥 Hot TechMicrosoft Power BI
🔥 Hot TechTableau
🔥 Hot TechMicrosoft Access
🔥 Hot TechMicrosoft SQL Server
🔥 Hot TechOracle Database
🔥 Hot TechStructured query language SQL
🔥 Hot TechMicrosoft Visual Basic
🔥 Hot TechMicrosoft Visual Basic for Applications VBA
🔥 Hot TechC++
🔥 Hot TechOracle Java
🔥 Hot TechTechnology Stack
Technology Stack Overview
Key technologies used in this career
IBM SPSS Statistics
SAS
Microsoft Power BI
Tableau
Microsoft Access
Microsoft SQL Server
Oracle Database
Structured query language SQL
Microsoft Visual Basic
Microsoft Visual Basic for Applications VBA
C++
Oracle Java
📚 Technology Learning Resources
Recommended Certifications
- •Vendor-specific software certifications
- •Industry-recognized technology credentials
- •Professional development courses
Online Learning Platforms
- •LinkedIn Learning - Comprehensive technology courses
- •Coursera - University-level programs
- •Udemy - Practical skills training
💡 Technology Skill Development Tips
- •Focus on mastering hot technologies first - they're currently most in-demand
- •Build a portfolio demonstrating your proficiency with key tools and software
- •Stay current through continuous learning - technology evolves rapidly
- •Consider vendor certifications to validate your skills to employers
What's the work environment like?
🏢
Location
MOSTLY INDOOR
💪
Physical Demand
VERY HIGH
👥
Team Orientation
SOME TEAM
🤝
Customer Interaction
OCCASIONAL
💡Is This Work Environment Right for You?
Consider these factors when evaluating if you'll thrive in this work environment:
- •Are you comfortable working in mostly indoor environments?
- •Can you meet very high physical demands?
- •Do you enjoy some team team environments?
- •Are you comfortable working with safety protocols and protective equipment?
What education is required?
Education Required
Bachelor's degree or higher
Experience Required
A considerable amount of work-related skill, knowledge, or experience needed
Job Training
Significant preparation with related work experience