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Actuary

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AVG. SALARY

$92,020

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EDUCATION

Bachelor's degree

Money & Outlook

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Oklahoma Earnings

Average Annual Wage

$92,020

Entry Annual Wage

$42,410

Experienced Annual Wage

$128,300

Average Hourly Wage

$44.24

Entry Hourly Wage

$20.39

Experienced Hourly Wage

$61.68

Median Hourly Wage

$44.18


National Earnings

Average Annual Wage

$127,580

Average Hourly Wage

$61.34

Average Annual Range

$71,760 to $199,300

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2021 to 2031 is estimated to be +21%.
(The National average for all occupations is +5%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
Employment small occupation
  This was a small occupation in the United States, employing 28,300 workers in 2021.
(The National average for all occupations is 142,207 workers)
Growth Much faster than average growth
  Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new risks. More actuaries also will be needed to help companies manage their own risk, a practice known as enterprise risk management. Insurance companies will need actuaries to analyze the large amount of information, such as medical or property data, collected from consumers. 
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (74.4%)
  • Insurance carriers and related activities (NAICS524000) (72%)
  • Insurance carriers (NAICS524100) (54.6%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (17.4%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (14.4%)
  • Direct health and medical insurance carriers (NAICS524114) (13.7%)
  • Professional, scientific, and technical services (NAICS540000) (13.2%)
  • Management, scientific, and technical consulting services (NAICS541600) (11.3%)
  • Insurance agencies and brokerages (NAICS524210) (10.8%)
  • Other insurance related activities (NAICS524290) (6.5%)

Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.