How Much Do Actuarial Assistant Make?
How much do actuarial assistant make? Discover the average salary, base salary, and compensation for actuarial assistant in the assistant & support roles category. Learn about actuarial assistant pay per hour, per week, per month, and per annum with detailed salary ranges from $60,000 to $65,000.
How Much Do Actuarial Assistant Make? Complete Salary Guide
How much do actuarial assistant make? This is one of the most common questions in career planning. Actuarial Assistant in the Assistant & Support Roles field can expect to earn an average salary of $75,000 per year, with entry-level positions starting at $60,000 and experienced professionals earning up to $65,000 annually.
When breaking down the average salary of actuarial assistant by time periods, actuarial assistant typically make around $6,250 per month and approximately $1,442.308 per week. The basic salary of actuarial assistant varies significantly based on experience level, location, and industry specialization. Entry-level actuarial assistant typically start with a base salary of $60,000, while mid-career professionals earn an average of $70,000, and senior-level roles can command salaries exceeding $65,000.
The salary landscape for actuarial assistant is influenced by several key factors including geographic location, years of experience, educational background, and specific industry demands. How much do actuarial assistant make in a week? On average, this translates to approximately $1,442.308 per week. How much do actuarial assistant make per annum? The annual salary range spans from $50,000 to $80,000, with the median salary sitting at $75,000. Additionally, many actuarial assistant receive bonuses averaging $5,000 annually, representing approximately 10.25% of their base salary.
How Much Do Actuarial Assistant Get Paid Per Annum? Actuarial Assistant Salary
Annual salary data for actuarial assistant across different experience levels, showing entry-level, mid-career, and experienced professional compensation ranges based on industry standards.
Entry Level Annual Salary
Mid-Career Annual Salary
Experienced Annual Salary
How Much Do Actuarial Assistant Get Paid in a Month? Actuarial Assistant Monthly Salary
Monthly salary breakdowns for actuarial assistant at different career stages, providing practical budgeting insights and compensation expectations for financial planning.
Entry Level Monthly Salary
Mid-Career Monthly Salary
Experienced Monthly Salary
How Much Do Actuarial Assistant Get Paid in Different Locations?
Geographic salary variations for actuarial assistant across different cities and regions, including cost of living adjustments and regional market demand factors that impact compensation.
Actuarial Assistant Salary Trends
Historical salary progression for actuarial assistant over the past years, showing year-over-year compensation growth and market trends in the industry.
Actuarial Assistant Salary Trends (2020 - 2025)
Bonus & Compensation Package
Additional compensation beyond base salary, including bonuses, commissions, and overtime opportunities that contribute to total annual earnings.
Bonus Percentage
of annual salary
Bonuses for Actuarial Assistants are typically performance-based, linked to individual contributions, company profits, and completion of professional exams.
Average Bonus
annually
Commission
Actuarial Assistant roles generally do not offer commission or incentive opportunities, as they focus on analytical tasks rather than sales or revenue generation.
Overtime
Overtime pay for Actuarial Assistants is generally uncommon, as many positions are salaried and focus on project deadlines rather than hourly work.
Employee Benefits Package
Comprehensive benefits and perks provided to employees, including health coverage, retirement plans, time off policies, and professional development opportunities.
Comprehensive Benefits
Typical benefits for an Actuarial Assistant include competitive salaries, health insurance, retirement plans (such as 401k with employer matching), paid time off (PTO), flexible working hours, professional development opportunities, and potential bonuses.
Actuarial Assistant Job Overview
Comprehensive details about the actuarial assistant role including daily responsibilities, work environment, physical demands, and key tasks that define this career path.
About This Role
An Actuarial Assistant supports actuaries by analyzing data, performing calculations, and preparing reports related to insurance and financial risks. They utilize statistical methods to assess probabilities and trends, contributing to pricing strategies and risk management. This role requires strong analytical skills, attention to detail, and proficiency in mathematical software.
Primary Responsibilities
Data analysis, risk assessment, financial modeling, report preparation, assisting in pricing strategies, maintaining databases, collaborating with senior actuaries, conducting research, preparing documentation for regulatory compliance, supporting client presentations.
Day-to-Day Tasks
An Actuarial Assistant analyzes data, assists in preparing reports, conducts risk assessments, collaborates with actuaries on projects, maintains databases, and supports the development of pricing models and financial forecasts.
Work Environment
Office or Hybrid.
Actuarial Assistants typically work in office environments, using computers to analyze data, collaborate with teams, and prepare reports.
Physical Demands
Minimal
Actuarial Assistants typically work in office settings, requiring prolonged periods of sitting, computer use, and focus on detailed numerical data with minimal physical demands.
Actuarial Assistant Requirements & Prerequisites
Essential qualifications and credentials needed to pursue a career as a actuarial assistant, including educational background, certifications, and experience requirements.
Education
Bachelor’s degree.
Field: Actuarial Science, Mathematics, Statistics, Finance, Economics, Business Administration, Data Science, Risk Management.
Experience
2 years
Employers seek candidates with strong analytical skills, proficiency in statistical software, attention to detail, relevant internships or coursework, and effective communication abilities to support actuarial tasks and teamwork.
Certifications
Society of Actuaries (SOA) Exams, Casualty Actuarial Society (CAS) Exams, Associate of the Society of Actuaries (ASA), Chartered Enterprise Risk Analyst (CERA), Fundamentals of Actuarial Practice (FAP) Course, Exam P (Probability), Exam FM (Financial Mathematics), Exam MLC (Models for Life Contingencies), Exam MFE (Models for Financial Economics).
Required Skills
Analytical skills, attention to detail, mathematical proficiency, problem-solving abilities, communication skills, proficiency in statistical software, time management, teamwork.
Technical Skills
Soft Skills
Actuarial Assistant Career Path
Professional progression opportunities for actuarial assistant from entry-level to senior management, including typical career advancement timeline and role evolution.
Entry Level
Actuarial Analyst, Data Analyst, Risk Analyst
Early-career Actuarial Assistants analyze data, support actuarial calculations, assist in risk assessments, and contribute to financial modeling while gaining experience in the insurance or finance sectors.
Mid-Career
Actuarial Analyst, Risk Analyst, Data Analyst
Mid-career Actuarial Assistants analyze data, support actuarial calculations, assist in risk assessments, collaborate on projects, and communicate findings to stakeholders for informed decision-making.
Senior Management
Actuarial Analyst, Senior Actuary, Actuarial Manager
Senior or management-level Actuarial Assistants oversee complex data analysis, develop actuarial models, ensure compliance, mentor junior staff, and collaborate on strategic decision-making for risk assessment.
Career Progression Timeline
Timeline: 5 years
Actuarial Assistants typically progress to Actuaries after gaining experience and passing professional exams, advancing to roles like Senior Actuary or Manager, leading teams and projects.
Actuarial Assistant Industry & Growth
Market outlook and growth prospects for actuarial assistant, including industry trends, job market demand, and factors influencing career opportunities and advancement.
Job Outlook
Faster than average
Projected: 2024–2034
Industry Trends
Increased reliance on data analytics and technology, growing demand for risk management expertise due to climate change, emphasis on regulatory compliance and transparency in financial reporting.
Growth Factors
Growing insurance needs, increased data analytics reliance, regulatory complexities, aging workforce, and enhanced risk management requirements drive demand for Actuarial Assistants.
Future Opportunities
Emerging niches include insurtech, data analytics, machine learning, climate risk modeling, health tech innovations, and personalized insurance solutions creating new opportunities for Actuarial Assistants.
Actuarial Assistant Related Professions
Alternative career paths and similar roles for actuarial assistant, including career transitions, related positions, and advancement opportunities within the field.
Similar Roles
Career Alternatives
Upgrade Paths
Related Entry Roles
Actuarial Assistant Skills & Development
Essential skills and professional development resources for actuarial assistant, including technical abilities, soft skills, recommended courses, and ongoing learning opportunities.
Technical Skills
Soft Skills Needed
Recommended Certifications
Recommended Courses
Development Resources
Training Timeline
Estimated training time
Frequently Asked Questions About Actuarial Assistant Salary
Common questions and answers about pursuing a career as a actuarial assistant, covering qualifications, salary expectations, career prospects, and practical career guidance.
How Much Others Make?
Explore salary data for other professions to compare compensation across different career paths and industries.