As of May 18, 2021, the average salary for an Actuarial Services Manager in the United States is $172,023 per year, which breaks down to an hourly rate of $83.
However, an Actuarial Services Manager's salary can vary significantly. Here’s a look at the typical salary range:
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An Actuarial Services Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of an Actuarial Services Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Actuary V | 7-10 years | $164,922 |
| Actuarial Fellow | 10-12 years | $182,439 |
| Actuarial Services Manager | 12+ years | $172,023 |
| Actuarial Services Senior Manager | 12+ years | $225,921 |
| Actuarial Services Director | 12+ years | $238,484 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Actuarial Services Managers. For example, consider the average annual salaries in these key locations:
Understanding how an Actuarial Services Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 18, 2021For an Actuarial Services Manager, the most direct path to higher earnings is advancing to the Actuarial Services Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $225,921 - a projected growth of 31% over your current level.
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Compensation PlanningHere are companies hiring for Actuarial Services Manager and their salaries, click below for more details.
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An Actuarial Services Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Actuarial Services Manager earns the most in San Jose, CA, where the annual salary of an Actuarial Services Manager is $216,973.
The highest pay for Actuarial Services Manager is $187,261.
The lowest pay for Actuarial Services Manager is $144,253.
Manages the analysis and evaluation of potential risks to determine and manage financial impacts. Implements policies and procedures to guide statistical analysis and actuarial research and evaluate the likelihood and financial impact of various risks. Monitors daily operations to ensure regulatory compliance of products and financial operations. Evaluates risk exposure data and calculates appropriate insurance rates, premium levels, and rating systems and structures to provide input on product design. Leads the preparation of actuarial reports, financial statements, and regulatory filings. Assists with the development of financial budgets, forecasts, and other financial projections. Applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. May require Associate of Society of Actuaries (ASA). May require Fellow of Society of Actuaries (FSA). Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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