How much money does an actuary earn?

Answer 1

The median year wage for actuaries was $85000 in 2009. More jobs data is at the Wolfram|Alpha link.

Answerhttp://www.actuaryjobs.com/salary.html AnswerActuary - A specialist in the mathematics of insurance who calculates rates, reserves, dividends and other statistics. While sometimes the term is used loosely, the title Actuary really belongs to those who meet the requirements of one of the Actuarial Societies, the Casualty Actuarial Society (CAS), for Property and Casualty Insurance, or the Society of Actuaries (SOA), for Life and Health Insurance. To qualify for membership in these associations, the individual must pass a number of extremely difficult technical mathematical examinations. Because of the rigorous requirements for membership, Actuaries, are very much in demand in the insurance industry and command very high salaries AnswerActuaries are well compensated. Experienced Fellows have the potential to earn from $150,000 to $250,000 annually. In fact, did you know that new Associate actuaries earned a higher salary than the average MBA in 2002?

Compensation may vary significantly according to years of experience, industry, geographic region, and responsibilities. For example, an actuary with a Fellowship designation working as a financial manager in the banking industry could earn a higher salary than another Fellow working in the health insurance industry.

AnswerMedian annual earnings of actuaries (actuary analysts in training to become actuaries all the way up to fellow actuaries) were $76,340 in May 2004. The middle 50 percent earned between $54,770 and $107,650. According to the National Association of Colleges and Employers, annual starting salaries for graduates with a bachelor�s degree in actuarial science averaged $52,741 in 2005. 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.