Actuarial Salary Surveys

Ezra Penland Actuarial Recruitment: Better.

The ClaudePenland.com 2011 United States Actuarial Salary Surveys*
Base Salary Plus Paid Bonuses, in US$thousands
The Industry Standard Surveys from Claude Penland, ACAS, MAAA

The MOST ACCURATE Surveys, using the MOST DATA Sources.
Experience in 1-year increments; Consulting vs All Others; Life and Health Separate

Surveys below include all types of actuarial employment, representing the middle 85% percent of all compensation packages. For TEN convenient, printable, downloadable salary surveys that split out consulting from insurance/reinsurance/all others, see the
2011 ClaudePenland.com Actuarial Salary Surveys printable .pdf file.

For a PowerPoint summary that you may freely incorporate into your
actuarial science presentations, download our 5-page PowerPoint.

Years ofExperience	1 Exam	2 Exams	3 Exams	4 Exams	5 Exams	6 Exams	ACAS	8 Exams	FCAS
0-1 years	48-62	51-65	53-70
1-2	52-65	55-71	57-76	60-80	66-83	70-89	78-116
2-3	54-68	57-73	59-79	63-85	69-91	73-96	82-121
3-4	55-70	59-75	62-82	66-91	71-98	76-103	85-125
4-5	60-76	63-79	66-85	69-95	75-103	80-113	88-132	96-142	106-166
5-6	63-82	67-84	69-88	72-98	79-106	84-121	90-140	102-149	112-176
6-7	65-86	68-89	71-93	75-102	80-110	87-125	94-144	106-160	118-185
7-8	66-90	71-93	74-99	78-106	83-115	90-129	101-149	112-170	125-194
8-9		73-98	76-104	81-110	88-120	95-133	108-154	120-172	130-204
9-10		75-102	79-107	85-113	92-123	100-137	114-159	125-175	134-218
10-11			81-110	89-117	97-127	105-141	120-165	129-183	139-236
11-12			84-113	91-122	99-132	105-145	123-170	134-191	144-253
12-13				93-126	102-136	108-149	126-176	138-199	148-270
13-14				95-130	105-140	111-153	129-182	142-207	153-288
14-15				98-134	107-144	114-157	132-193	147-231	158-304
15-16				100-139	110-148	116-168	136-207	151-259	162-327
16-17				102-143	113-152	119-174	139-221	154-277	166-351
17-18				105-147	115-157	122-179	142-236	158-296	169-374
18-19				107-151	118-161	124-185	145-250	162-314	173-398
19-20				109-156	121-165	127-194	148-272	166-336	177-421
20+ years				111-160	123-169	130-203	152-301	169-363	180-447

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Years ofExperience	1 Exam	2 Exams	3 Exams	4 Exams	4 + FAP 1	ASA	FSA
0-1 years	46-58	50-60	53-63
1-2	58-66	53-70	55-73	57-75	61-84	66-92
2-3	51-68	55-73	58-76	61-78	66-85	72-98
3-4	53-70	58-75	62-79	64-81	69-87	74-104
4-5	55-75	61-80	66-84	68-87	72-93	77-110	90-133
5-6	58-81	62-85	66-89	68-93	73-99	80-116	94-148
6-7	61-84	64-88	66-93	68-97	75-102	83-121	98-163
7-8	62-87	66-92	68-97	70-100	77-104	85-125	103-178
8-9		68-95	70-101	73-104	79-107	88-130	108-193
9-10		70-99	73-104	75-108	81-110	91-134	113-208
10-11			75-106	77-111	83-114	94-143	118-211
11-12			77-107	79-113	84-117	99-151	123-213
12-13				81-116	86-121	105-160	128-216
13-14				84-119	88-124	110-168	133-219
14-15				86-122	90-128	116-177	138-221
15-16				88-125	92-131	121-186	143-255
16-17				90-127	94-135	127-194	148-289
17-18				92-130	96-138	132-203	153-322
18-19				95-133	98-142	138-211	158-356
19-20				97-136	100-145	143-244	163-389
20+ years				99-139	102-149	149-277	168-423

————————————————————

Years ofExperience	1 Exam	2 Exams	3 Exams	4 Exams	4 + FAP 1	ASA	FSA
0-1 years	47-58	50-60	53-62
1-2	49-66	53-69	56-73	58-75	61-83	67-90
2-3	51-68	56-72	59-76	61-78	67-85	72-96
3-4	53-69	58-75	63-78	65-81	69-87	75-102
4-5	56-75	61-80	67-84	69-87	72-92	78-108	91-128
5-6	58-81	63-84	67-89	69-92	84-98	80-114	95-143
6-7	61-84	64-88	67-93	69-96	75-101	83-118	99-157
7-8	63-87	66-91	69-96	71-100	77-104	86-123	104-172
8-9		68-95	71-100	73-104	79-107	89-127	109-187
9-10		70-98	73-104	75-107	81-110	92-132	114-201
10-11			75-105	78-110	83-113	94-140	119-204
11-12			78-106	80-113	85-117	100-149	124-206
12-13				82-116	87-120	105-157	129-209
13-14				84-118	89-124	111-165	134-212
14-15				87-121	91-127	117-174	139-214
15-16				89-124	93-130	122-182	144-247
16-17				91-127	95-134	128-191	149-279
17-18				93-130	97-137	133-199	155-312
18-19				95-132	99-141	139-207	160-344
19-20				98-135	101-144	144-240	165-377
20+ years				100-138	103-148	150-272	170-409

————————————————————

Years ofExperience	1 Exam	2 Exams	3 Exams	4 Exams	4 + FAP 1	ASA	FSA
0-1 years	49-57	49-63	52-66
1-2	52-63	54-66	57-71	59-74	65-85	65-96
2-3	56-68	59-72	63-75	66-80	69-88	72-102
3-4	58-74	62-77	66-80	70-85	73-91	77-108
4-5	59-76	65-80	69-85	73-91	78-97	81-111	92-132
5-6	61-77	66-82	70-91	75-97	79-103	84-114	95-138
6-7	63-79	67-84	71-93	76-98	81-104	86-118	97-145
7-8	65-81	69-87	73-94	77-100	83-105	89-123	103-152
8-9		70-89	75-95	78-101	85-107	92-127	108-158
9-10		72-91	76-97	80-103	87-108	95-132	113-165
10-11			78-98	81-104	89-113	97-134	119-177
11-12			79-99	82-105	90-117	99-137	122-188
12-13				84-106	92-122	102-139	125-200
13-14				85-107	94-126	104-141	129-212
14-15				86-108	96-131	106-144	132-224
15-16				88-109	98-136	108-146	135-238
16-17				89-111	100-140	110-149	138-253
17-18				90-112	102-145	112-151	141-267
18-19				92-113	104-149	114-153	145-282
19-20				93-114	106-154	117-216	148-296
20+ years				95-115	107-158	119-278	151-311

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6 Comments

Ken Mitchell says:

May 5, 2011 10:22 am at 10:22 am

Congratlulations!
Absolutely the best! In my 33 years of recruiting actuarial talent I have not seen a more comprehenisve salary survey. The Penland Survey should replace the Limra model.
Ken Mitchell
Mithell Actuarial Recruiting

Reply
dlw says:

May 5, 2011 5:54 pm at 5:54 pm

I presume these are 95% confidence intervals? How come there’s no weighted least squares regression analysis or what-not based on the midpoints? I guess there’s no need for it, but it’d still be interesting…
dlw

Reply
- fsuactuary says:
  
  May 29, 2011 7:58 pm at 7:58 pm
  
  such an actuarial comment…I love it
  
  Reply
Bill Lin says:

May 28, 2011 9:52 pm at 9:52 pm

I know there might not be enough data (or even none at all), but just wondering out of curiosity what the starting salary of an FSA might be (with no experience) or what the starting salary of a high school student going into Entry Level with at least 4-5 exams is. I just think that 4 years of high school + 4 years of college= 8 years. And 8 years is A LOT of time to pass all the exams/modules. If you double/triple up, it can be even faster.

Reply
Minnie says:

Jul 7, 2011 9:19 pm at 9:19 pm

good! How about Canada?

Reply
Claude Penland says:

Jul 7, 2011 9:25 pm at 9:25 pm

Hi Minnie,

Since I’ve joined Ezra Penland Actuarial Recruitment, we are certainly now considering a Canadian-only actuarial salary survey as well.

We did improve upon the survey above by splitting out P&C reinsurance from all other.

Stay tuned!,
Claude

Reply