According to the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA), the average starting salary for an actuary is between $50,000 and $60,000 a year. As actuaries complete a series of professional exams, salaries climb. Actuaries who have passed all the exams can earn a salary upward of $120,000 a year by their early 30s.
Actuaries are trained professionals who analyze the financial consequences of risk. They use mathematics, statistics, and financial theory to provide advice and solutions for business and societal issues. Actuaries work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks, and investment firms, or in any businesses that need to proactively manage financial risk. For more information about the actuarial profession, visit: www.beanactuary.org, www.soa.org, and www.casact.org.