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What are the financial rewards for being an actuary? We ask Mark Crail from XpertHR to provide us with the Actuarial salaries and benefits in 2017 in an overview of expected earnings in 2017 for actuaries, from actuarial trainees through to senior partners

Actuarial salaries and benefits 2017: What can I earn?

Actuaries have continued to attract significant financial rewards, with basic salaries rising by an average of 3% in 2016. Taking account of bonus payments, salaries rose an average of 3.7%, meaning that actuaries are seeing pay rises considerably higher than those in most other professions.

Actuaries at all levels of the profession commonly receive an annual bonus, with 83% receiving a bonus in 2016, averaging £11,865. These are obviously skewed towards more senior staff and partners, but if you push yourself and perform well you can progress quickly, getting your hands on that bonus in the longer term.


We are pleased to report that 100% of the consultancies and companies who took part in the XpertHR survey were recruiting qualified actuaries during Sept ’15 – Sept ’16. So, get your CV up to scratch and investigate your options by looking over the Employer Directory.

Responsibility level Average basic salary
Student Actuary £35,936
Actuary £51,954
Senior Actuary/Junior Consultant £66,066
Section Leader/Consultant £73,103
Section Manager/Senior Consultant £83,713
Department Manager/Managing Consultant £95,053
Function Head/Practice Head £116,676
Senior Function Head/Practice Director £135,192
Chief Actuary/Senior Partner £206,236

Source: Salary Survey of Actuaries and Actuarial Students -2016, published by XpertHR Salary Surveys

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