Occupational Employment and Wages, May 2014

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)
21,490 3.8 % $52.93 $110,090 1.2 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $27.92 $34.80 $46.49 $65.44 $86.87
Annual Wage (2) $58,080 $72,390 $96,700 $136,110 $180,680


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 10,100 0.87 $51.01 $106,090
Agencies, Brokerages, and Other Insurance Related Activities 4,100 0.41 $59.59 $123,950
Management, Scientific, and Technical Consulting Services 3,160 0.26 $55.48 $115,390
Management of Companies and Enterprises 2,160 0.10 $47.71 $99,230
State Government (OES Designation) 500 0.02 $40.07 $83,340

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 80 1.17 $55.57 $115,580
Insurance Carriers 10,100 0.87 $51.01 $106,090
Agencies, Brokerages, and Other Insurance Related Activities 4,100 0.41 $59.59 $123,950
Management, Scientific, and Technical Consulting Services 3,160 0.26 $55.48 $115,390
Management of Companies and Enterprises 2,160 0.10 $47.71 $99,230

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Nondepository Credit Intermediation 40 0.01 $69.33 $144,210
Business, Professional, Labor, Political, and Similar Organizations 30 0.01 $62.05 $129,050
Agencies, Brokerages, and Other Insurance Related Activities 4,100 0.41 $59.59 $123,950
Federal Executive Branch (OES Designation) 280 0.01 $56.55 $117,620
Other Financial Investment Activities 240 0.06 $56.42 $117,350


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 2,660 0.30 1.90 $65.20 $135,620
California 1,740 0.12 0.72 $53.37 $111,000
Pennsylvania 1,550 0.27 1.73 $53.31 $110,880
Illinois 1,220 0.21 1.33 $47.82 $99,460
Connecticut 1,180 0.72 4.50 $55.71 $115,880



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 1,180 0.72 4.50 $55.71 $115,880
Kansas 700 0.52 3.24 $66.45 $138,210
Rhode Island 180 0.38 2.39 $40.40 $84,040
Iowa 470 0.31 1.96 $45.44 $94,520
New York 2,660 0.30 1.90 $65.20 $135,620



Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kansas 700 0.52 3.24 $66.45 $138,210
New York 2,660 0.30 1.90 $65.20 $135,620
Connecticut 1,180 0.72 4.50 $55.71 $115,880
District of Columbia 170 0.25 1.59 $54.50 $113,360
Vermont 70 0.23 1.42 $53.65 $111,600




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 2,510 0.47 2.93 $66.97 $139,290
Philadelphia, PA Metropolitan Division 940 0.51 3.18 $58.16 $120,970
Hartford-West Hartford-East Hartford, CT 900 1.59 10.00 $55.20 $114,810
Kansas City, MO-KS 860 0.85 5.37 $62.96 $130,960
Chicago-Joliet-Naperville, IL Metropolitan Division 770 0.20 1.29 $46.58 $96,890
Boston-Cambridge-Quincy, MA NECTA Division 750 0.42 2.64 $53.11 $110,460
Minneapolis-St. Paul-Bloomington, MN-WI 600 0.33 2.08 $46.29 $96,290
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 520 0.35 2.19 $56.23 $116,960
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 460 0.43 2.67 $54.12 $112,570
Denver-Aurora-Broomfield, CO 450 0.34 2.13 (8) (8)



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 900 1.59 10.00 $55.20 $114,810
Kansas City, MO-KS 860 0.85 5.37 $62.96 $130,960
Des Moines-West Des Moines, IA 260 0.75 4.71 $44.28 $92,100
Fort Wayne, IN 110 0.53 3.36 $48.54 $100,970
Madison, WI 180 0.52 3.29 $45.27 $94,160
Philadelphia, PA Metropolitan Division 940 0.51 3.18 $58.16 $120,970
New York-White Plains-Wayne, NY-NJ Metropolitan Division 2,510 0.47 2.93 $66.97 $139,290
Portland-South Portland-Biddeford, ME 90 0.45 2.83 $55.24 $114,890
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 460 0.43 2.67 $54.12 $112,570
Boston-Cambridge-Quincy, MA NECTA Division 750 0.42 2.64 $53.11 $110,460



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 York-White Plains-Wayne, NY-NJ Metropolitan Division 2,510 0.47 2.93 $66.97 $139,290
Camden, NJ Metropolitan Division 60 0.12 0.73 $65.54 $136,320
Kansas City, MO-KS 860 0.85 5.37 $62.96 $130,960
Nassau-Suffolk, NY Metropolitan Division 50 0.04 0.27 $62.21 $129,400
Milwaukee-Waukesha-West Allis, WI 140 0.17 1.04 $60.23 $125,290
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 260 0.11 0.69 $60.12 $125,050
New Haven, CT (8) (8) (8) $59.76 $124,310
Fort Worth-Arlington, TX Metropolitan Division 100 0.11 0.69 $59.53 $123,820
Bridgeport-Stamford-Norwalk, CT 140 0.34 2.11 $58.60 $121,880
Philadelphia, PA Metropolitan Division 940 0.51 3.18 $58.16 $120,970


About May 2014 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 2014 National Occupational Employment and Wage Estimates

May 2014 State Occupational Employment and Wage Estimates

May 2014 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2014 National Industry-Specific Occupational Employment and Wage Estimates

May 2014 Occupation Profiles

Technical Notes

 

Last Modified Date: March 25, 2015