# Actuaries

SOC 15-2011. Page: https://educationguide.com/careers/actuaries

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

## Pay and outlook
- U.S. median wage $130,000 (middle half $97,680–$170,650; BLS May 2025)
- Ages 25-34: median $120,689; 99% hold a bachelor's or higher (Census ACS 2020-2024)
- Jobs 2025-35: 9.2%; ~1.5k openings a year; typical entry: Bachelor's degree

## Fields of degree of young workers (ages 25-34, bachelor's+)
- Actuarial Science: 28%
- Mathematics: 27% (https://educationguide.com/degrees/mathematics)
- Statistics And Decision Science: 5% (https://educationguide.com/degrees/statistics)
- Finance: 5% (https://educationguide.com/degrees/finance, https://educationguide.com/degrees/insurance)
- Economics: 4% (https://educationguide.com/degrees/economics)
- Applied Mathematics: 4% (https://educationguide.com/degrees/applied-mathematics)
- Accounting: 3% (https://educationguide.com/degrees/accounting)
- Business Management And Administration: 2% (https://educationguide.com/degrees/business-administration)
- Biology: 1% (https://educationguide.com/degrees/biology)
- Physics: 1% (https://educationguide.com/degrees/physics)

## Median wage by state
- AL: $136,950
- AZ: $135,870
- CA: $130,510
- CO: $120,440
- CT: $166,800
- DC: $166,230
- FL: $132,110
- IA: $128,690
- IL: $115,430
- IN: $100,690
- KS: $125,010
- KY: $120,400
- LA: $80,860
- MA: $126,040
- MD: $126,950
- ME: $119,620
- MI: $100,640
- MN: $128,100
- MO: $129,220
- MS: $106,210
- NC: $128,730
- NE: $102,790
- NJ: $142,800
- NV: $132,370
- NY: $156,480
- OH: $110,980
- OK: $109,760
- OR: $130,380
- PA: $125,040
- PR: $68,100
- RI: $111,090
- TN: $108,930
- TX: $105,020
- UT: $132,720
- VA: $131,900
- WA: $134,720
- WI: $131,640

Method: https://educationguide.com/how-we-score#careers

Free to reuse with attribution: cite "EducationGuide.com" with a link to the page URL. Most figures are U.S. government data (public domain); loan default rates and athletics come from the Urban Institute Education Data Portal (ODC-By 1.0, attribution required) and founding years from Wikidata (CC0). O*NET data: CC BY 4.0, O*NET 31.0 (USDOL/ETA).