The salary of an Actuary II in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of February 01, 2025, the average annual salary for an Actuary II in the United States is $92,101. Salary.com reports that pay typically ranges from $83,634 to $101,606, with most professionals earning between $75,925 and $110,260.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $101,606 | $8,467 | $1,954 | $49 |
| Average | $92,101 | $7,675 | $1,771 | $44 |
| 25th Percentile | $83,634 | $6,969 | $1,608 | $40 |
An entry-level Actuary II with less than 1 year of experience earns about $88,417. With 1-2 years of experience, the average salary increases to $88,667. For 2-4 years of experience, the pay typically rises to $91,871. Senior-level professionals with 5-8 years of experience earn around $95,803, and those with over 8 years of experience can expect an average of $96,084.
| Levels | Salary |
|---|---|
| Entry Level Actuary II | $88,417 |
| Intermediate Level Actuary II | $88,667 |
| Senior Level Actuary II | $91,871 |
| Specialist Level Actuary II | $95,803 |
| Expert Level Actuary II | $96,084 |
| Entry Level | 4% |
| Mid Level | 4% |
| Senior Level | 0% |
| Top Level | 4% |
| Experienced | 4% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of February 01, 2025, our research reveals a significant shift in Actuary II compensation over the past six years. For example, the median salary increased from $88,286 in 2023 to approximately $89,264 in 2024. (For a detailed analysis of Actuary II salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Actuary II information for you to search for. Click on search button below to see Actuary II job openings or enter a new job title here.
Here are companies hiring for Actuary II and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $92,101 | 67.6% | ||
| Bonus | $5,098 | 3.7% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $7,436 | 5.5% | ||
| 401K/403B | $4,082 | 3.0% | ||
| Disability | $1,944 | 1.4% | ||
| Healthcare | $8,352 | 6.1% | ||
| Pension | $5,249 | 3.9% | ||
| Time Off | $11,963 | 8.8% | ||
| Total Compensation | $136,225 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 9.0% |
| Associates | 2.6% |
| Bachelors | 47.4% |
| Masters | 37.2% |
| Doctorate | 3.8% |
What Am I Worth?
The average annual salary of Actuary II is $92,101. In case you are finding an easy salary calculator, the average hourly pay of Actuary II is $44; the average weekly pay of Actuary II is $1,771; the average monthly pay of Actuary II is $7,675.
An Actuary II's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, an Actuary II earns the most in San Jose, CA, where the annual salary of an Actuary II is $115,587.
The highest pay for Actuary II is $110,260.
The lowest pay for Actuary II is $75,925.
Actuary II utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary II assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary II applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Actuary II typically requires 2-4 years of related experience.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Health Care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.
Collective Bargaining: Collective bargaining is a process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights for workers. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs. The union may negotiate with a single employer (who is typically representing a company's shareholders) or may negotiate with a group of businesses, depending on the country, to reach an industry-wide agreement. A collective agreement functions as a labour contract between an employer and one or more unions. Collective bargaining consists of the process of negotiation between representatives of a union and employers (generally represented by management, or, in some countries such as Austria, Sweden and the Netherlands, by an employers' organization) in respect of the terms and conditions of employment of employees, such as wages, hours of work, working conditions, grievance procedures, and about the rights and responsibilities of trade unions. The parties often refer to the result of the negotiation as a collective bargaining agreement (CBA) or as a collective employment agreement (CEA).
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
