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Actuarial Science Majors’ Salary Over the Career
This figure shows median earnings by age for those who majored in Actuarial Science but have a bachelor’s degree only: “This Major (BA only)”, and those who majored in Actuarial Science but obtained a masters degree or higher: “This Major (Grad Degree)”. For reference, “All Majors (BA only)” contains the median income for all college graduates who have a bachelor’s degree only, and “All Majors (Grad Degree)” contains the median income for all college graduates who have a Master’s degree or higher.
This table highlights key outcomes for Actuarial Science majors, compared to averages for all college graduates.
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Top 10 Early-Career Occupations (Bachelor’s only)
These are the top occupations for Actuarial Science majors aged 25-35 who have a BA only (no graduate degree) and the median income they received in the occupation. The share indicates the percentage of Actuarial Science majors aged 25-35 with a BA only who worked in that occupation.
| Share | Occupation | Income |
|---|---|---|
| 44 | Actuaries | 116,000 |
| 4 | First-Line Supervisors of Sales Workers | 82,600 |
| 4 | Insurance Underwriters | 76,000 |
| 4 | Mathematical science occupations, nec | 102,000 |
| 3 | Management Analysts | 103,000 |
| 3 | Managers, nec (including Postmasters) | 113,000 |
| 3 | Accountants and Auditors | 88,600 |
| 2 | Claims Adjusters, Appraisers, Examiners, and Investigators | 81,500 |
| 2 | Personal Financial Advisors | 103,000 |
| 2 | Human Resources, Training, and Labor Relations Specialists | 65,800 |
Top 10 Mid-Career Occupations (Bachelor’s only)
These are the top occupations for Actuarial Science majors aged 45-55 who have a BA only (no graduate degree) and the median income they received in the occupation. The share indicates the percentage of Actuarial Science majors aged 45-55 with a BA only who worked in that occupation.
| Share | Occupation | Income |
|---|---|---|
| 29 | Actuaries | 232,000 |
| 7 | Managers, nec (including Postmasters) | 167,000 |
| 7 | Unemployed | 0 |
| 5 | Management Analysts | 129,000 |
| 5 | Chief executives and legislators/public administration | 270,000 |
| 4 | Financial Managers | 241,000 |
| 4 | Human Resources, Training, and Labor Relations Specialists | 91,600 |
| 4 | First-Line Supervisors of Sales Workers | 241,000 |
| 2 | Bartenders | 30,500 |
| 2 | Computer Programmers | 0 |
Top 10 Mid-Career Occupations (Master’s Degree or higher)
These are the top occupations for Actuarial Science majors aged 45-55 who have completed graduate work (Masters, PhD, Professional Degree) and the median income they received in the occupation. The share indicates the percentage of Actuarial Science majors aged 45-55 with graduate degrees who worked in that occupation.
| Share | Occupation | Income |
|---|---|---|
| 22 | Actuaries | 244,000 |
| 6 | Financial Managers | 240,000 |
| 5 | Managers, nec (including Postmasters) | 283,000 |
| 5 | First-Line Supervisors of Sales Workers | 171,000 |
| 5 | Chief executives and legislators/public administration | 456,000 |
| 5 | Unemployed | 0 |
| 4 | Management Analysts | 348,000 |
| 3 | Secondary School Teachers | 70,900 |
| 3 | Constructions Managers | 369,000 |
| 3 | Other Teachers and Instructors | 73,000 |
Top 10 Early-Career Industries
These are the top industries for Actuarial Science majors aged 25-35 and the median income they received in the industry. The share indicates the percentage of Actuarial Science majors aged 25-35 who worked in that industry.
| Share | Industry | Income |
|---|---|---|
| 50 | Insurance | 114,000 |
| 10 | Management and public relations services | 115,000 |
| 6 | Security, commodity brokerage, and investment companies | 98,800 |
| 2 | Banking | 94,200 |
| 2 | Computer and data processing services | 75,500 |
| 2 | Accounting, auditing, and bookkeeping services | 116,000 |
| 2 | Credit agencies, n.e.c. | 85,600 |
| 2 | Colleges and universities | 73,500 |
| 1 | Elementary and secondary schools | 40,300 |
| 1 | Business services, n.e.c. | 92,800 |
Top 10 Mid-Career Industries
These are the top industries for Actuarial Science majors aged 45-55 and the median income they received in the industry. The share indicates the percentage of Actuarial Science majors aged 45-55 who worked in that industry.
| Share | Industry | Income |
|---|---|---|
| 39 | Insurance | 227,000 |
| 11 | Management and public relations services | 269,000 |
| 5 | Security, commodity brokerage, and investment companies | 351,000 |
| 4 | Elementary and secondary schools | 46,400 |
| 4 | N/A (not applicable) | 0 |
| 3 | Computer and data processing services | 140,000 |
| 3 | Banking | 248,000 |
| 3 | Credit agencies, n.e.c. | 286,000 |
| 2 | All construction | 369,000 |
| 2 | Eating and drinking places | 30,500 |
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