Salary Data

Product Development Actuary Salary

How much does a Product Development Actuary make in the United States?
Get the insights on the salary, benefits, education, and job description.
Salary Data for Product Development Actuary

$119,992 (USD)/yr

$58 (USD)/hr

$4,680 (USD)/yr

$118,377 (USD)/yr

$57 (USD)/hr

$4,680 (USD)/yr

Job Description
Determines the financial impact of risks and uncertainty, engaging in actuarial sciences. Utilizes statistics and principles of finance and business and applies to problems in life, health, social, and casualty insurance, annuities, and pensions. Forecasts financial outcomes using pricing, analysis, and risk assessment. The Associate level performs more complex actuarial studies and has demonstrated greater professional competence by completion of additional examinations. The Associate level performs more complex actuarial studies and has demonstrated greater professional competence by completion of additional examinations. The Associate level generally requires five to seven years of previous experience at the Enrolled actuary level and completion of a series of examinations required for the professional designation of an Associate.
The average product development actuary salary in United States is $119,992 or an equivalent hourly rate of $58. In addition, they earn an average bonus of $4,680. Salary estimates based on salary survey data collected directly from employers and anonymous employees in United States.
Compensation Data Based on Experience

$83,496 (USD)

$149,170 (USD)

Education

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Salary Potential

$139,103 (USD)

16 %

Based on our compensation data, the estimated salary potential for Product Development Actuary will increase 16 % over 5 years.

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About The Data
The above data is a sample of data available in ERI's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning.
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