Salary by Education Level
What the Data Shows
For Actuaries positions, filings requiring a Master's degree carried an average declared salary of $117,866 versus $124,414 for those requiring a Bachelor's - a premium of -5.3%. Across all certified filings with a stated education level, 76% accepted a Bachelor's degree as the minimum requirement.
Education vs Salary
| Education Level | Average Salary | Filings | % of Total |
|---|---|---|---|
| Bachelor's | $124,414 | 377 | 76% |
| Master's | $117,866 | 118 | 23.8% |
| Other | $73,000 | 1 | 0.2% |
Education by Top Employer
| Employer | Most Common Minimum | % Bachelor's | % Master's | Median Salary |
|---|---|---|---|---|
| Deloitte Consulting LLP | Bachelor's | 94.7% | 5.3% | $88,473 |
| Ernst & Young U.S. LLP | Bachelor's | 100% | 0% | $106,441 |
| The Prudential Insurance Company of America | Bachelor's | 86.2% | 13.8% | $108,500 |
| TOWERS WATSON DELAWARE INC. | Bachelor's | 91.7% | 0% | $84,525 |
| Liberty Mutual Group Inc. | Bachelor's | 94.7% | 5.3% | $85,600 |
| Milliman | Master's | 40% | 60% | $89,000 |
| PricewaterhouseCoopers LLP | Bachelor's | 100% | 0% | $102,752 |
| American General Life Insurance Company | Bachelor's | 52.6% | 47.4% | $93,134 |
| Transamerica Life Insurance Company | Master's | 21.4% | 78.6% | $80,496 |
| National Union Fire Insurance Company of Pittsburgh, Pa. | N/A | N/A | N/A | $85,700 |
| New York Life Insurance Company | Bachelor's | 77.8% | 22.2% | $115,669 |
| Swiss Re America Holding Corporation | Master's | 50% | 50% | $86,466 |
| HEWITT ASSOCIATES | Bachelor's | 100% | 0% | $74,500 |
| TOWERS WATSON PENNSYLVANIA INC. | Bachelor's | 100% | 0% | $100,000 |
| Aon Consulting, Inc. | Bachelor's | 88.9% | 11.1% | $95,800 |
| John Hancock Life Insurance Company (USA) | Bachelor's | 100% | 0% | $103,800 |
| MetLife Group, Inc. | Bachelor's | 100% | 0% | $97,114 |
| Pacific Life Insurance Company | Bachelor's | 100% | 0% | $105,000 |
| Mercer (US) LLC | Bachelor's | 100% | 0% | $73,300 |
| AIG PC Global Services, Inc. | Bachelor's | 72.7% | 27.3% | $109,283 |