Salary distribution
Where Philadelphia actuaries fall on the wage curve.
Shaded band = interquartile range (where most full-time workers fall)
The middle 50% of workers earn between $100,300 and $167,550, with a median of $127,770.
Typical entry
Education
Bachelor's degree
Experience
None
On-the-job training
Long-term on-the-job training
Top skills (O*NET)
- 4.9 / 5
Mathematics
Knowledge
- 4.6 / 5
Mathematical Reasoning
Ability
- 4.3 / 5
Judgment and Decision Making
Technical
- 4.3 / 5
Reading Comprehension
Basic skill
- 4.3 / 5
Mathematics
Basic skill
- 4.3 / 5
Critical Thinking
Cross-functional
- 4.1 / 5
Inductive Reasoning
Ability
- 4.1 / 5
Number Facility
Ability
Common tasks (O*NET)
- 01
Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
- 02
Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
- 03
Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
- 04
Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
- 05
Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
- 06
Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
- 07
Provide advice to clients on a contract basis, working as a consultant.
- 08
Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
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Explore coursesOther metros in Pennsylvania
How the Philadelphia metro compares to other major Pennsylvania metro areas for actuaries.
- Pittsburgh$117,600
Frequently asked questions
- What is the median salary for Actuaries in Philadelphia, Pennsylvania?
- According to BLS Occupational Employment and Wage Statistics, the median annual wage for Actuaries in the Philadelphia metropolitan area is $127,770.
- Does Philadelphia pay more than the Pennsylvania state average for Actuaries?
- The Philadelphia metro median is +2.2% versus the Pennsylvania state median of $125,040.
- How does Philadelphia compare to the national median for Actuaries?
- The Philadelphia metro median is +6.0% versus the BLS national figure of $120,584.
- What is the salary range for Actuaries in Philadelphia?
- BLS reports the 10th-percentile annual wage at $82,750 and the 90th-percentile at $218,360 for the Philadelphia metro area.
- What education is required for Actuaries?
- BLS lists the typical entry-level education as Bachelor's degree. Many employers also weigh prior experience and credentials.
Information on this page is for general educational purposes only. It is not career, financial, or tax advice. BLS metro estimates reflect the Philadelphia CBSA boundary for the reference year shown and may not match individual offers, employer-specific ranges, or current market conditions. Confirm with a licensed professional before making career or compensation decisions.