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Actuaries

Wages & Outlook

 

Typical Wages   This career pays well above the median wage.

Wages listed below are for a variety of experience and education levels. Make sure that you research the typical entry-level education and work experience and training requirements for this occupation.

This career: $50.62
Statewide median: $23.00

 

This is a very high-wage career. It pays well above the statewide median wage.


Wages for Actuaries *

Area Low Median High
U S
$40.99 $54.46 $74.09
Minnesota
$41.19 $50.62 $64.74
Southeast Minnesota
$44.65 $62.88 $88.64
Seven County Mpls-St Paul, MN
$41.23 $50.45 $64.31

* "Low" indicates 25% of workers earn less and 75% earn more.
"Median" indicates 50% of workers earn less and 50% earn more.
"High" indicates 75% of workers earn less and 25% earn more.

See more wage detail.

 

Employment

In Minnesota, there are 540 workers employed in this very small career.

Where do Actuaries most often work?

 

Current Demand

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This career is currently in high demand.

 

Future Demand   This career is projected to grow much faster than average.

This career is seeing very high growth compared to other careers.

There will be a need for about 544 new Actuaries to meet market demand between 2018-2028. This includes the demand due to replacement (workers leaving the occupation or retiring) as well as growth.

 

Employment Outlook for Actuaries
Area Employment Employment Change
2018 2028 Number Percent
U S 25,000 30,000 5,000 20.1%
Minnesota 550 716 166 30.2%
Seven County Mpls-St Paul, MN 537 697 160 29.8%


Source: You can learn about our data sources in the About Us section.