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Actuary

Actuaries

SOC 15-2011

$125,770
Median Pay / yr
22%
High Demand
~2.7K
Openings / yr
4+ years
Time to Entry

How Much Does an Actuary Make?

The national median salary for an Actuary is $125,770 per year ($60.47/hour), according to the Bureau of Labor Statistics (May 2024 data).

That's 92% above the national median salary of $65,470 for all occupations.

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How to Become an Actuary

Education Required
Bachelor's degree
Typical Entry Path
1
Bachelor's in actuarial science/math/stats
2
professional exams.
Required Licenses & Certifications

SOA or CAS exam series (5-10 years for full credentials)

Time to Entry-Level
4+ years

Actuary Job Outlook

Much faster than avg — the BLS projects 22% growth from 2024 to 2034.

That's significantly faster than the average across all occupations (4%).

About 2,700 positions are expected to open annually, from both new roles and replacement needs.

Insurance complexity; risk modeling; climate risk

What It's Like to Work as an Actuary

Physical Demands
Low

This is primarily desk-based or low-physical-effort work.

Remote Work
High

Many positions can be performed remotely, making this a strong option for location-independent work.

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Frequently Asked Questions

Career data sourced from the U.S. Bureau of Labor Statistics Occupational Outlook Handbook, 2024-34 projections (released August 2025). Salary data: BLS OEWS May 2024.

View on BLS.gov