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Actuary
Salary Survey
Property & Casualty Actuaries
U.S. Dollars ($ 000’s)
December 2010 |
| |
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 |
46-61 |
51-65 |
54-70 |
— |
— |
— |
— |
— |
| 2 Exams |
50-65 |
55-70 |
59-74 |
63-80 |
— |
— |
— |
— |
| 3 Exams |
52-68 |
57-77 |
63-81 |
66-86 |
72-97 |
— |
— |
— |
| 4 Exams |
55-70 |
60-81 |
66-89 |
71-95 |
74-107 |
90-133 |
— |
— |
| 5 Exams |
— |
65-85 |
71-101 |
79-107 |
82-121 |
95-142 |
— |
— |
| 6 Exams |
— |
70-90 |
80-111 |
85-122 |
94-133 |
108-163 |
— |
— |
| ACAS |
— |
81-106 |
85-119 |
90-131 |
101-155 |
117-182 |
130-255 |
145-290+ |
| 8 Exams |
— |
— |
90-129 |
105-155 |
108-170 |
130-215 |
— |
— |
| FCAS |
— |
— |
— |
119-176 |
130-210 |
145-300 |
165-420 |
170-450+ |
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 and many other countries had not declined noticeably as of December 2010, the date 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% since the "Great Recession" began.
- 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 1 year of experience excludes sign-on bonuses.
- This is a partial range of compensation packages; 75% of Actuaries fall within these ranges. We have excluded both the top and bottom ranges.
- The largest salary increases go to those who pass Exams/Courses regularly (at least one per year). The compensation gap between credentialed and non-credentialed Actuaries can be significant after 10 to 15 years and even more dramatic after 15 to 20+ years.
- ActuarySalarySurvey.com does not track earnings of Life, Health or Pension Actuaries. We track only Property & Casualty Actuary compensation.
Copyright © 2009-2011 ActuarySalarySurvey.com
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