Occupational Employment and Wages, May 2010

15-2011 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.


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
18,320 4.0 % $47.41 $98,620 1.1 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $25.53 $31.68 $42.14 $58.06 $76.92
Annual Wage (2) $53,100 $65,890 $87,650 $120,770 $160,000


Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance Carriers 9,620 0.81 $46.60 $96,930
Management, Scientific, and Technical Consulting Services 2,810 0.28 $52.20 $108,580
Agencies, Brokerages, and Other Insurance Related Activities 2,770 0.32 $48.77 $101,430
Management of Companies and Enterprises 1,370 0.07 $42.76 $88,950
State Government (OES Designation) 520 0.02 $36.25 $75,400

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance and Employee Benefit Funds 360 0.82 $60.84 $126,550
Insurance Carriers 9,620 0.81 $46.60 $96,930
Agencies, Brokerages, and Other Insurance Related Activities 2,770 0.32 $48.77 $101,430
Management, Scientific, and Technical Consulting Services 2,810 0.28 $52.20 $108,580
Management of Companies and Enterprises 1,370 0.07 $42.76 $88,950

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance and Employee Benefit Funds 360 0.82 $60.84 $126,550
Federal Executive Branch (OES Designation) 260 0.01 $53.94 $112,200
Management, Scientific, and Technical Consulting Services 2,810 0.28 $52.20 $108,580
Agencies, Brokerages, and Other Insurance Related Activities 2,770 0.32 $48.77 $101,430
Insurance Carriers 9,620 0.81 $46.60 $96,930


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.

States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 2,260 0.27 1.88 $55.65 $115,740
New Jersey 1,120 0.30 2.07 $48.10 $100,050
Pennsylvania 1,080 0.20 1.37 $52.99 $110,220
Illinois 1,060 0.19 1.33 $44.35 $92,240
Massachusetts 950 0.31 2.12 $46.92 $97,590




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 780 0.49 3.38 $48.58 $101,040
Maine 230 0.40 2.80 $31.79 $66,120
District of Columbia 240 0.37 2.56 $53.33 $110,920
Delaware 120 0.31 2.14 $49.22 $102,390
Massachusetts 950 0.31 2.12 $46.92 $97,590




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 2,260 0.27 1.88 $55.65 $115,740
Montana 40 0.09 0.65 $54.91 $114,210
District of Columbia 240 0.37 2.56 $53.33 $110,920
Minnesota 560 0.22 1.51 $53.11 $110,470
Pennsylvania 1,080 0.20 1.37 $52.99 $110,220

Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 1,990 0.40 2.77 $57.43 $119,460
Chicago-Naperville-Joliet, IL Metropolitan Division 790 0.22 1.55 $44.84 $93,270
Boston-Cambridge-Quincy, MA NECTA Division 720 0.43 3.00 $46.15 $96,000
Philadelphia, PA Metropolitan Division 700 0.39 2.70 $53.86 $112,030
Hartford-West Hartford-East Hartford, CT 570 1.04 7.22 $48.43 $100,720
Minneapolis-St. Paul-Bloomington, MN-WI 550 0.33 2.28 $53.21 $110,670
Newark-Union, NJ-PA Metropolitan Division 490 0.51 3.56 $44.43 $92,420
Kansas City, MO-KS 450 0.47 3.27 $44.86 $93,320
Dallas-Plano-Irving, TX Metropolitan Division 410 0.21 1.44 $50.12 $104,250
Columbus, OH 410 0.47 3.23 $48.58 $101,050




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Portland-South Portland-Biddeford, ME 220 1.16 8.03 $31.03 $64,540
Hartford-West Hartford-East Hartford, CT 570 1.04 7.22 $48.43 $100,720
Des Moines-West Des Moines, IA 220 0.69 4.77 $47.56 $98,920
Springfield, IL 70 0.63 4.34 $41.83 $87,000
Fort Wayne, IN 120 0.62 4.32 $51.06 $106,190
Newark-Union, NJ-PA Metropolitan Division 490 0.51 3.56 $44.43 $92,420
Madison, WI 160 0.50 3.47 $43.32 $90,100
Kansas City, MO-KS 450 0.47 3.27 $44.86 $93,320
Columbus, OH 410 0.47 3.23 $48.58 $101,050
Bridgeport-Stamford-Norwalk, CT 180 0.44 3.03 $49.76 $103,510




Top paying metropolitan areas for this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Miami-Miami Beach-Kendall, FL Metropolitan Division (8) (8) (8) $60.74 $126,340
Allentown-Bethlehem-Easton, PA-NJ (8) (8) (8) $58.59 $121,870
Syracuse, NY 70 0.22 1.55 $57.58 $119,770
New York-White Plains-Wayne, NY-NJ Metropolitan Division 1,990 0.40 2.77 $57.43 $119,460
Harrisburg-Carlisle, PA 90 0.31 2.14 $56.64 $117,810
Topeka, KS (8) (8) (8) $56.50 $117,520
Charlotte-Gastonia-Concord, NC-SC 180 0.22 1.55 $55.69 $115,830
Philadelphia, PA Metropolitan Division 700 0.39 2.70 $53.86 $112,030
Minneapolis-St. Paul-Bloomington, MN-WI 550 0.33 2.28 $53.21 $110,670
Cleveland-Elyria-Mentor, OH 90 0.09 0.63 $52.98 $110,190

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
West Central Wisconsin nonmetropolitan area 40 0.24 1.64 $42.59 $88,580
Northern Vermont nonmetropolitan area 30 0.47 3.24 $47.57 $98,940

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northern Vermont nonmetropolitan area 30 0.47 3.24 $47.57 $98,940
West Central Wisconsin nonmetropolitan area 40 0.24 1.64 $42.59 $88,580

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southwestern Montana nonmetropolitan area (8) (8) (8) $57.21 $119,000
Northern Vermont nonmetropolitan area 30 0.47 3.24 $47.57 $98,940
West Central Wisconsin nonmetropolitan area 40 0.24 1.64 $42.59 $88,580


About May 2010 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OES estimates and related information:

May 2010 National Occupational Employment and Wage Estimates

May 2010 State Occupational Employment and Wage Estimates

May 2010 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2010 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2010 Occupational Employment and Wage Estimates in Zipped XLS files

Technical Notes

 

Last Modified Date: May 17, 2011