The Average Starting Salary for Actuaries


An actuary combines math, statistics and finance abilities to assess the risks of financial decisions. They often work for insurance companies, though you could work in a business finance department as well. The U.S. Bureau of Labor Statistics does not specifically address starting pay, but average pay for all actuaries was $107,740 as of May 2013.

Actuary Salary Details

  • An April 2013 "CNN Money" article indicated that the typical starting pay for an actuary is $45,000 to $55,000. This amount is supported by the Purdue University overview of an actuarial job. CNN noted that you quickly can increase your salary to nearly $90,000 after passing several initial financial certification exams.

Education Requirements

  • A degree in actuarial science, business, mathematics or statistics is the first step toward an actuarial career. After employment, you take financial exams to increase your certifications for more tasks.

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