Earnings
 According
to the U.S. Bureau of Labor Statistics, median annual earnings of
actuaries is $82,800. The middle 50 percent earned between $58,710 and
$114,570. The lowest 10 percent had earnings of less than $46,470 while
the top 10 percent earned more than $145,600.
According to the National
Association of Colleges and Employers, annual starting salaries for
graduates with a bachelor's degree in actuarial science averaged $53,754
in 2007.
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. A 2007 survey by Life Office
Management Association, Inc. of the largest U.S. insurance and financial
services companies indicated that the average base salary for an
entry-level actuary was $53,111. Associate actuaries, who direct and
provide leadership in the design, pricing, and implementation of
insurance products, received an average salary of $109,167. Actuaries at
the highest technical level without managerial responsibilities
reportedly were paid an average of $125,946.
Note:
Some resources in this section are provided by the the US Department
of Labor, Bureau of Labor Statistics.
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