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