Occupational Employment and Wages, May 2015

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)
19,770 3.6 % $53.15 $110,560 1.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $28.02 $35.10 $46.67 $65.45 $86.78
Annual Wage (2) $58,290 $73,010 $97,070 $136,130 $180,500


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 9,480 0.82 $50.90 $105,880
Agencies, Brokerages, and Other Insurance Related Activities 3,480 0.33 $58.82 $122,350
Management, Scientific, and Technical Consulting Services 3,180 0.25 $55.94 $116,350
Management of Companies and Enterprises 1,700 0.08 $48.98 $101,890
State Government (OES Designation) 480 0.02 $40.36 $83,950

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 90 1.28 $58.62 $121,930
Insurance Carriers 9,480 0.82 $50.90 $105,880
Agencies, Brokerages, and Other Insurance Related Activities 3,480 0.33 $58.82 $122,350
Management, Scientific, and Technical Consulting Services 3,180 0.25 $55.94 $116,350
Management of Companies and Enterprises 1,700 0.08 $48.98 $101,890

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Nondepository Credit Intermediation 30 0.01 $73.40 $152,680
Agencies, Brokerages, and Other Insurance Related Activities 3,480 0.33 $58.82 $122,350
Business, Professional, Labor, Political, and Similar Organizations 50 0.01 $58.76 $122,210
Insurance and Employee Benefit Funds 90 1.28 $58.62 $121,930
Federal Executive Branch (OES Designation) 280 0.01 $57.65 $119,920


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 2,290 0.25 1.78 $62.45 $129,890
Pennsylvania 1,630 0.29 1.99 $55.55 $115,550
California 1,470 0.10 0.66 $53.02 $110,280
Illinois 1,410 0.24 1.68 $45.49 $94,620
Texas 1,120 0.10 0.67 $55.76 $115,990



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 980 0.59 4.13 $52.09 $108,340
Kansas 670 0.49 3.42 $64.12 $133,370
Rhode Island 190 0.39 2.74 $42.18 $87,730
Nebraska 290 0.31 2.14 $44.23 $92,000
Pennsylvania 1,630 0.29 1.99 $55.55 $115,550



Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Colorado 370 0.15 1.05 $74.62 $155,220
Kansas 670 0.49 3.42 $64.12 $133,370
New York 2,290 0.25 1.78 $62.45 $129,890
District of Columbia 180 0.27 1.86 $58.06 $120,760
Texas 1,120 0.10 0.67 $55.76 $115,990




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-Jersey City-White Plains, NY-NJ Metropolitan Division 2,100 0.32 2.26 $64.48 $134,110
Hartford-West Hartford-East Hartford, CT 710 1.22 8.52 $51.48 $107,080
Kansas City, MO-KS 680 0.67 4.67 (8) (8)
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 670 0.19 1.31 $42.69 $88,800
Boston-Cambridge-Newton, MA NECTA Division 640 0.36 2.51 $56.04 $116,560
Bloomington, IL 550 5.78 40.32 $46.44 $96,600
Montgomery County-Bucks County-Chester County, PA Metropolitan Division 470 0.47 3.26 (8) (8)
Philadelphia, PA Metropolitan Division 460 0.53 3.66 $54.26 $112,870
Dallas-Plano-Irving, TX Metropolitan Division 430 0.19 1.29 $55.28 $114,980
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 410 0.10 0.69 $51.12 $106,330



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)
Bloomington, IL 550 5.78 40.32 $46.44 $96,600
Hartford-West Hartford-East Hartford, CT 710 1.22 8.52 $51.48 $107,080
Des Moines-West Des Moines, IA 240 0.69 4.84 $46.57 $96,870
Kansas City, MO-KS 680 0.67 4.67 (8) (8)
Harrisburg-Carlisle, PA 210 0.66 4.59 $50.59 $105,230
Topeka, KS 70 0.60 4.21 $40.78 $84,820
Philadelphia, PA Metropolitan Division 460 0.53 3.66 $54.26 $112,870
Portland-South Portland, ME 100 0.50 3.50 $56.12 $116,720
Lincoln, NE 80 0.49 3.44 $45.20 $94,020
Bridgeport-Stamford-Norwalk, CT 200 0.48 3.36 $53.17 $110,580



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)
New Haven, CT 30 0.11 0.79 $65.48 $136,200
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 2,100 0.32 2.26 $64.48 $134,110
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 280 0.12 0.80 $62.93 $130,900
Fort Worth-Arlington, TX Metropolitan Division 100 0.10 0.68 $62.51 $130,010
Houston-The Woodlands-Sugar Land, TX 200 0.07 0.48 $60.09 $124,990
Oakland-Hayward-Berkeley, CA Metropolitan Division (8) (8) (8) $59.85 $124,490
Lake County-Kenosha County, IL-WI Metropolitan Division (8) (8) (8) $59.80 $124,390
Albany-Schenectady-Troy, NY 120 0.27 1.88 $59.10 $122,930
Baltimore-Columbia-Towson, MD 380 0.29 2.00 $58.90 $122,520
Milwaukee-Waukesha-West Allis, WI 150 0.18 1.26 $58.58 $121,850

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)
Northeastern Wisconsin nonmetropolitan area 50 0.23 1.58 $47.68 $99,160

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)
Northeastern Wisconsin nonmetropolitan area 50 0.23 1.58 $47.68 $99,160

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)
Northeastern Wisconsin nonmetropolitan area 50 0.23 1.58 $47.68 $99,160


About May 2015 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 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 2015 National Occupational Employment and Wage Estimates

May 2015 State Occupational Employment and Wage Estimates

May 2015 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2015 National Industry-Specific Occupational Employment and Wage Estimates

May 2015 Occupation Profiles

Technical Notes

 

Last Modified Date: March 30, 2016