Actuarial Science Job Titles

Actuarial Science Job Titles

Actuarial science job titles vary depending on the company. However there’s a structure that’s quite common in insurance companies and consulting firms.

Consulting Firms

In consulting firms, entry levels typically start off as analysts. Mid-level employees are typically called consultants. Then the most senior staff are called partners or principals.

Actuarial Analyst

Exams: 0-4 exams passed
Salary: 50k-90k
Notes: Salary based on primarily on number of exams, then location and company type

Senior Actuarial Analyst

Exams: 4-7 exams passed
Salary: 60k-110k
Notes: Experienced analyst, but not yet a consultant

Consultant

Exams: Typically a Fellow
Salary: 90k-250k
Notes: Focus starts to go from executing work to servicing clients and getting new clients

Principal/Partner

Exams: Typically a Fellow
Salary: 120k-500k+
Notes: Wide spread on salary range due to profitability of firm and how productive the employee is

Consulting Firms

In consulting firms, entry levels typically start off as analysts. Mid-level employees are typically called consultants. Then the most senior staff are called partners or principals.

Actuarial Analyst

Exams: 0-4 exams passed
Salary: 50k-90k
Notes: Salary based on primarily on number of exams, then location and company type

Senior Actuarial Analyst

Exams: 4-7 exams passed
Salary: 60k-110k
Notes: Experienced analyst, but no management responsibility

Manager

Exams: 4+ exams passed (sometimes a Fellow)
Salary: 90k-150k
Notes: Responsible for a team

VP/Director

Exams: 4+ exams passed (sometimes a Fellow)
Salary: ???
Notes: Responsible for a division

Chief Actuary/Risk Officer/etc.

Exams: Typically a Fellow (depends on jurisdiction)
Salary: ???
Notes: Wide spread on salary range due to profitability of firm and how productive the employee is

Like this content? Share with your friends!Share on LinkedInShare on FacebookTweet about this on TwitterShare on StumbleUponShare on Tumblr