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Occupational Employment Statistics
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Occupational Employment and Wages, May 2019

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)
22,260 3.8 % $58.16 $120,970 1.1 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $31.18 $39.04 $52.09 $71.50 $93.08
Annual Wage (2) $64,860 $81,210 $108,350 $148,720 $193,600


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 10,860 0.91 $58.21 $121,070
Agencies, Brokerages, and Other Insurance Related Activities 3,960 0.33 $62.76 $130,540
Management, Scientific, and Technical Consulting Services 3,010 0.20 $57.29 $119,170
Management of Companies and Enterprises 1,670 0.07 $54.52 $113,400
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 700 0.07 $63.50 $132,090

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 Carriers 10,860 0.91 $58.21 $121,070
Insurance and Employee Benefit Funds 30 0.53 $62.79 $130,590
Agencies, Brokerages, and Other Insurance Related Activities 3,960 0.33 $62.76 $130,540
Management, Scientific, and Technical Consulting Services 3,010 0.20 $57.29 $119,170
Management of Companies and Enterprises 1,670 0.07 $54.52 $113,400

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Computer Systems Design and Related Services 110 (7) $67.85 $141,120
Credit Intermediation and Related Activities (5221 And 5223 only) 40 (7) $65.46 $136,160
Nondepository Credit Intermediation 30 0.01 $64.33 $133,800
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 700 0.07 $63.50 $132,090
Insurance and Employee Benefit Funds 30 0.53 $62.79 $130,590


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 2,330 0.24 1.61 $73.52 $152,920
Illinois 1,970 0.33 2.16 $55.41 $115,250
California 1,630 0.09 0.62 $56.51 $117,530
Ohio 1,580 0.29 1.91 $49.79 $103,570
Pennsylvania 1,510 0.26 1.69 $59.50 $123,750




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 1,350 0.81 5.37 (8) (8)
Nebraska 450 0.46 3.02 $52.10 $108,370
Illinois 1,970 0.33 2.16 $55.41 $115,250
Massachusetts 1,160 0.32 2.12 $60.30 $125,430
Kansas 430 0.31 2.03 $53.55 $111,380




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 2,330 0.24 1.61 $73.52 $152,920
North Carolina (8) (8) (8) $64.56 $134,280
Washington 420 0.13 0.84 $64.05 $133,210
District of Columbia 160 0.22 1.42 $62.86 $130,750
Massachusetts 1,160 0.32 2.12 $60.30 $125,430





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-Newark-Jersey City, NY-NJ-PA 2,350 0.24 1.60 $71.04 $147,760
Chicago-Naperville-Elgin, IL-IN-WI 1,740 0.37 2.45 $55.43 $115,300
Hartford-West Hartford-East Hartford, CT 1,100 1.89 12.47 (8) (8)
Boston-Cambridge-Nashua, MA-NH 960 0.34 2.27 $61.07 $127,020
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 940 0.33 2.15 $61.93 $128,820
Los Angeles-Long Beach-Anaheim, CA 860 0.14 0.91 $56.52 $117,560
Columbus, OH 560 0.53 3.51 $47.54 $98,880
Washington-Arlington-Alexandria, DC-VA-MD-WV 510 0.16 1.05 $54.67 $113,720
Cincinnati, OH-KY-IN 470 0.44 2.87 $51.02 $106,120
Minneapolis-St. Paul-Bloomington, MN-WI 450 0.23 1.50 $52.95 $110,130




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 1,100 1.89 12.47 (8) (8)
Des Moines-West Des Moines, IA 300 0.81 5.32 $53.34 $110,940
Omaha-Council Bluffs, NE-IA 370 0.76 5.00 $52.44 $109,080
Bloomington, IL 60 0.70 4.59 $63.85 $132,800
Madison, WI 250 0.62 4.12 $53.01 $110,260
Topeka, KS 70 0.61 4.06 (8) (8)
Albany-Schenectady-Troy, NY 250 0.56 3.69 $67.92 $141,270
Columbus, OH 560 0.53 3.51 $47.54 $98,880
Bridgeport-Stamford-Norwalk, CT 200 0.48 3.19 $80.70 $167,850
Worcester, MA-CT 130 0.46 3.02 $51.24 $106,580




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)
Bridgeport-Stamford-Norwalk, CT 200 0.48 3.19 $80.70 $167,850
Charlotte-Concord-Gastonia, NC-SC (8) (8) (8) $72.42 $150,630
New York-Newark-Jersey City, NY-NJ-PA 2,350 0.24 1.60 $71.04 $147,760
Richmond, VA (8) (8) (8) $69.57 $144,700
Albany-Schenectady-Troy, NY 250 0.56 3.69 $67.92 $141,270
Seattle-Tacoma-Bellevue, WA 380 0.19 1.25 $64.50 $134,160
Bloomington, IL 60 0.70 4.59 $63.85 $132,800
Milwaukee-Waukesha-West Allis, WI 120 0.15 0.96 $62.40 $129,780
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 940 0.33 2.15 $61.93 $128,820
San Antonio-New Braunfels, TX (8) (8) (8) $61.46 $127,840


About May 2019 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.

(7) The value is less than .005 percent of industry employment.

(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 2019 National Occupational Employment and Wage Estimates

May 2019 State Occupational Employment and Wage Estimates

May 2019 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2019 National Industry-Specific Occupational Employment and Wage Estimates

May 2019 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2020