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2012 Actuary
Salary Survey (USA)
Property & Casualty Actuaries
U.S. Dollars ($ 000’s) |
| |
0-1 Year |
1-3 Years |
3-5 Years |
5-7 Years |
7-10 Years |
10-15 Years |
15-20 Years |
20+ Years |
| 1 Exam |
46-62 |
52-66 |
54-70 |
— |
— |
— |
— |
— |
| 2 Exams |
51-67 |
56-71 |
59-76 |
62-81 |
— |
— |
— |
— |
| 3 Exams |
53-70 |
58-77 |
64-83 |
67-87 |
72-98 |
— |
— |
— |
| 4 Exams |
56-72 |
60-82 |
67-90 |
72-96 |
75-109 |
90-136 |
— |
— |
| 5 Exams |
— |
62-87 |
71-108 |
80-110 |
83-123 |
96-145 |
— |
— |
| 6 Exams |
— |
70-92 |
81-112 |
86-124 |
95-136 |
105-166 |
— |
— |
| ACAS |
— |
81-106 |
87-120 |
90-132 |
100-157 |
118-185 |
132-259 |
147-298+ |
| 8 Exams |
— |
— |
92-133 |
107-158 |
110-174 |
132-235 |
— |
— |
| FCAS |
— |
— |
100-150 |
121-179 |
132-215 |
147-310 |
170-430 |
175-460+ |
Footnotes:
- According to National Bureau of Economic Research, the so-called "Great Recession" began in the USA in December 2007 and ended July 2009. Although Gross Domestic Product (GDP) in the USA stopped declining in July 2009, the unemployment rates in the United States had not declined noticeably as of 2012, the period of this Survey. Accordingly, the demand for Casualty Actuaries has slowed and compensation levels have moderated significantly, especially Bonuses. Also, hiring of entry-level Actuaries has slowed considerably and entry-level salaries have increased by only 1% to 2% from 2007 to 2012.
- Compensation packages include Base Salary plus actual bonuses paid to Property & Casualty (P&C) Actuaries. Employer contributions to 401-K plans and other similar benefits are excluded.
- Compensation for less than one (1) year of experience excludes sign-on bonuses.
- This is a partial range of compensation packages; 75% of Actuaries fall within these ranges. Both the top and bottom ranges have been excluded.
- The largest salary increases go to those who pass Exams/Courses regularly (at least one per year). The salary gap between credentialed and non-credentialed Actuaries can be significant after 10 to 15 years and the gap can become even more dramatic after 15 to 20+ years.
- ActuarySalarySurvey.com tracks Property & Casualty Actuary compensation.
Copyright © 2006-2012 ActuarySalarySurvey.com
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