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Technology

Actuaries

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Median salary

$125,770

Typical range

$75k – $206k

Job outlook

+22% (much faster than average)

AI exposure

Plan a path to Actuaries

Qualification costsStack incomeBest cities/statesSchool ROIJob-posting fitTailored resume

Education

Typical entry: Bachelor's degree

Plan my path to this →

Typical progression

  1. Actuaries Intern

    Internship

    $37,620

    ~4 mos to advance

  2. Junior Actuaries

    Entry / Junior

    $75,240

    ~2 yrs to advance

  3. Actuaries

    Established

    $125,770

    ~3 yrs to advance

  4. Senior Actuaries

    Senior

    $166,100

Internships are a common on-ramp here — they speed up landing that first role and improve your odds, which is why the Safe and High-ceiling plans build one in.

Key skills

A typical day

  • •Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • •Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
  • •Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
  • •Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
  • •Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.

Fields of study

Any field

Top colleges for Technology

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Reputation-based selection; stats shown are outcome data per school.