Occupational Employment and Wages, May 2012

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)
21,340 3.7 % $51.29 $106,680 1.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $26.82 $33.55 $45.04 $63.63 $84.29
Annual Wage (2) $55,780 $69,780 $93,680 $132,340 $175,330


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 9,950 0.86 $49.75 $103,470
Agencies, Brokerages, and Other Insurance Related Activities 4,190 0.47 $55.49 $115,430
Management, Scientific, and Technical Consulting Services 3,650 0.33 $55.30 $115,030
Management of Companies and Enterprises 1,480 0.07 $44.33 $92,200
Insurance and Employee Benefit Funds 590 1.32 $54.34 $113,030

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 590 1.32 $54.34 $113,030
Insurance Carriers 9,950 0.86 $49.75 $103,470
Agencies, Brokerages, and Other Insurance Related Activities 4,190 0.47 $55.49 $115,430
Management, Scientific, and Technical Consulting Services 3,650 0.33 $55.30 $115,030
Management of Companies and Enterprises 1,480 0.07 $44.33 $92,200

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Federal Executive Branch (OES Designation) 270 0.01 $55.56 $115,560
Agencies, Brokerages, and Other Insurance Related Activities 4,190 0.47 $55.49 $115,430
Management, Scientific, and Technical Consulting Services 3,650 0.33 $55.30 $115,030
Insurance and Employee Benefit Funds 590 1.32 $54.34 $113,030
Insurance Carriers 9,950 0.86 $49.75 $103,470


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 2,610 0.31 1.87 $64.64 $134,460
California 1,930 0.13 0.82 $48.15 $100,150
Pennsylvania 1,450 0.26 1.58 $52.40 $108,990
Connecticut 1,300 0.80 4.90 $55.49 $115,420
New Jersey 1,290 0.34 2.07 $51.58 $107,280




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 1,300 0.80 4.90 $55.49 $115,420
Maine 220 0.39 2.36 $34.06 $70,850
New Jersey 1,290 0.34 2.07 $51.58 $107,280
Rhode Island 140 0.32 1.95 $41.51 $86,330
Iowa 480 0.32 1.97 $43.99 $91,510




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kansas 330 0.25 1.52 $66.67 $138,670
New York 2,610 0.31 1.87 $64.64 $134,460
Vermont 50 0.17 1.02 $56.50 $117,510
Connecticut 1,300 0.80 4.90 $55.49 $115,420
Massachusetts 960 0.30 1.83 $54.58 $113,520





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 2,520 0.49 2.99 $65.37 $135,980
Hartford-West Hartford-East Hartford, CT 910 1.64 10.01 $54.48 $113,330
Philadelphia, PA Metropolitan Division 810 0.44 2.70 $55.90 $116,270
Minneapolis-St. Paul-Bloomington, MN-WI 800 0.46 2.79 $51.15 $106,390
Boston-Cambridge-Quincy, MA NECTA Division 770 0.45 2.76 $55.60 $115,650
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 620 0.44 2.67 $54.81 $114,000
Chicago-Joliet-Naperville, IL Metropolitan Division 570 0.16 0.95 $48.22 $100,290
Newark-Union, NJ-PA Metropolitan Division 560 0.58 3.56 (8) (8)
Kansas City, MO-KS 500 0.51 3.13 $58.74 $122,170
Denver-Aurora-Broomfield, CO 410 0.33 2.01 $53.22 $110,690




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)
Hartford-West Hartford-East Hartford, CT 910 1.64 10.01 $54.48 $113,330
Portland-South Portland-Biddeford, ME 220 1.13 6.91 $33.69 $70,070
Des Moines-West Des Moines, IA 320 0.99 6.02 $43.34 $90,150
Madison, WI 250 0.76 4.62 $44.56 $92,680
Springfield, IL 70 0.63 3.82 $44.12 $91,770
Green Bay, WI 100 0.60 3.68 $40.82 $84,910
Bridgeport-Stamford-Norwalk, CT 240 0.58 3.57 $60.75 $126,370
Newark-Union, NJ-PA Metropolitan Division 560 0.58 3.56 (8) (8)
Kansas City, MO-KS 500 0.51 3.13 $58.74 $122,170
Richmond, VA 300 0.50 3.03 $48.35 $100,570




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)
Austin-Round Rock-San Marcos, TX 150 0.18 1.10 $66.96 $139,270
Miami-Miami Beach-Kendall, FL Metropolitan Division (8) (8) (8) $65.43 $136,090
New York-White Plains-Wayne, NY-NJ Metropolitan Division 2,520 0.49 2.99 $65.37 $135,980
Nassau-Suffolk, NY Metropolitan Division 70 0.06 0.36 $63.40 $131,860
Bridgeport-Stamford-Norwalk, CT 240 0.58 3.57 $60.75 $126,370
Syracuse, NY (8) (8) (8) $59.59 $123,960
Trenton-Ewing, NJ 60 0.29 1.75 $58.83 $122,360
Kansas City, MO-KS 500 0.51 3.13 $58.74 $122,170
New Haven, CT (8) (8) (8) $56.34 $117,180
Topeka, KS (8) (8) (8) $55.97 $116,430

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 0.25 1.54 $44.01 $91,540
Northern Vermont nonmetropolitan area 40 0.49 3.00 $55.64 $115,730
Southwestern New Hampshire nonmetropolitan area 30 0.79 4.84 (8) (8)

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)
Southwestern New Hampshire nonmetropolitan area 30 0.79 4.84 (8) (8)
Northern Vermont nonmetropolitan area 40 0.49 3.00 $55.64 $115,730
West Central Wisconsin nonmetropolitan area 40 0.25 1.54 $44.01 $91,540

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)
Northern Vermont nonmetropolitan area 40 0.49 3.00 $55.64 $115,730
West Central Wisconsin nonmetropolitan area 40 0.25 1.54 $44.01 $91,540


About May 2012 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 2012 National Occupational Employment and Wage Estimates

May 2012 State Occupational Employment and Wage Estimates

May 2012 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2012 National Industry-Specific Occupational Employment and Wage Estimates

May 2012 Occupation Profiles

Technical Notes

 

Last Modified Date: March 29, 2013