What does an Actuary earn?

On average, actuaries earn around $132,500 per year in the U.S. They usually focus on the financial risks attached to people, business, and other entities. An actuary can specialise in areas such as healthcare, retirement, investments, or risk management. They also work on developing processes to help organisations make more informed decisions by studying the probability and consequences of events.

How to earn more as an Actuary

If you have your sights set on becoming an Actuary, you will need a degree or post-graduate qualification in Actuarial Science. Alternatively, a degree apprenticeship related to Actuarial Science is another good option. To increase your earnings potential as an Actuary, you could move into a specialised area, such as pensions or investment. Perhaps you could even become a manager for an Actuarial firm or set up your own consultancy.