Fellow Actuary Salary

Sir I want to know that what is the average salary for the fellow actuary so can you please tell me the same

[Pathak]

Hey the median annual Actuarial Fellow salary is $148,480, as of January 31, 2016, with a range usually between $135,465-$163,165.

However, the salary for someone with the title Actuarial Fellow may vary depending on a number of factors including industry, company size, location, years of experience and level of education.


Work of the fellow actuary

Responsible for applying mathematical analyses and financial principles to amend insurance problems. Typically works in either property and casualty or life and health insurance.

Uses probability and statistics to determine rates for retirement, accident, mortality, disability and other insurance rates.

Calculates premiums, designs insurance plans, creates probability charts and


May provide consultation on complex projects and is considered to be the top level contributor/specialist.

A wide degree of creativity and latitude is expected. May report to an executive or a manage


Prerequisite to do the jobs

Requires Fellow, Society of Actuaries (FSA) designation.

Requires a bachelor's degree in area of specialty and at least 10-12 years of experience in the field or in a related area.

Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive experience and judgment to plan and accomplish goals.