How Much Is an Actuary Salary in 2026? The Only Guide You Need

When researching career paths in finance, one question frequently pops up: “How much is an actuary salary in 2026?” Whether you’re a student planning your future, a job seeker looking to transition into a more analytical role, or an actuary benchmarking your earnings, understanding current salary data and trends is essential.

In this article, we’ll answer the most common questions about actuary salary and break down everything you need to know—including data from real sources like BLS, Ezra Penland, and Glassdoor.

1. What is the average actuary salary in 2026?

According to the U.S. Bureau of Labor Statistics (BLS), the median annual salary for actuaries in May 2025 was $125,770. This is a general benchmark across industries. But actual earnings can range from $70,000 to over $300,000 depending on several variables.

Key sources: - BLS (bls.gov)

2. What factors affect actuary salary?

There’s no one-size-fits-all answer when it comes to an actuary salary. Your earnings will depend on multiple factors:

2.1 Years of Experience

Entry-level actuaries (0–2 years) typically earn $70,000–90,000, while mid-career professionals with certifications like ASA/FSA or FCAS can expect between $130,000–200,000. Senior actuaries or team leads can go beyond $250,000, especially in consulting roles.

Ezra Penland’s 2024–2025 salary survey found that actuaries with 20+ years of experience in P&C roles earn up to $474,000/year.

2.2 Credentials & Exams Passed

Passing actuarial exams directly impacts your earning potential. For example:

• 2 exams passed: $71,000–92,000
• ASA certified: $105,000–135,000
• FSA certified: $160,000–200,000+

Most companies offer salary boosts with each exam milestone.

2.3 Industry or Sector

Different industries pay different rates:

• Insurance (Life, P&C, Health): $100,000–160,000
• Consulting firms: $130,000–220,000
• Tech & Finance Analytics: $150,000–250,000+

Glassdoor shows actuaries in fintech or enterprise risk roles can reach nearly $200,000 median salaries.

2.4 Location

Salaries vary widely by location:

• New York / California: $150,000–200,000
• Texas / Illinois: $120,000–140,000
• Remote roles with national firms can command premium rates based on skill rather than geography

3. Is actuary a high-paying job compared to similar roles?

Yes. Compared to financial analysts, data scientists, or underwriters, the actuary salary remains one of the most stable and high-reward options for those with mathematical aptitude and risk modeling expertise.

For reference:

4. What does the actuary salary growth path look like?

Here’s a typical salary trajectory:

• 0–2 years: $70,000–90,000
• 2–5 years (ASA/near ASA): $100,000–130,000
• 5–10 years (FSA/FCAS): $130,000–180,000
• 10+ years (Managerial roles): $200,000–300,000+

5. Can bonuses and profit sharing increase actuary salary?

Absolutely. Many actuaries receive annual bonuses (10–25%), especially in consulting or performance-driven companies. Senior-level actuaries may also get:

• Stock options
• Profit sharing plans
• Performance-based bonuses

This can add $20,000–$50,000+ to the total compensation annually.

6. Real Case Example: From Graduate to High-Earner

Jane started as an actuarial analyst in Chicago at $78,000. She passed 4 exams within 2 years and moved to a consulting firm in New York. By Year 4, she was earning $128,000 + $15,000 bonus. At Year 7, with FSA completed, she transitioned into a strategy role at a large insurer with a base salary of $190,000.

Her actuary salary growth: - Year 1: $78,000 - Year 3: $115,000 - Year 5: $145,000 - Year 7: $190,000 + bonus

Conclusion: Is becoming an actuary worth it in 2026?

If you enjoy math, problem-solving, and want a financially rewarding career, the actuary salary trajectory is hard to beat. With a strong job outlook, above-average growth, and high salary ceilings, it’s a compelling path for ambitious professionals.

Key Takeaways: - Actuary salary in 2025 averages $125,000–130,000, with potential well over $200,000 - Exams, experience, industry, and location are major drivers - Bonuses and stock can significantly increase total compensation

Still wondering if this career is right for you? Convert actuary salary on salary calculator！