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Occupational Employment Statistics
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Occupational Employment and Wages, May 2018

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)
20,760 4.4 % $55.89 $116,250 1.2 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $29.40 $36.88 $49.46 $68.15 $89.47
Annual Wage (2) $61,140 $76,720 $102,880 $141,760 $186,110


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 10,040 0.86 $55.13 $114,670
Agencies, Brokerages, and Other Insurance Related Activities 3,440 0.30 $58.40 $121,480
Management, Scientific, and Technical Consulting Services 3,150 0.22 $57.84 $120,310
Management of Companies and Enterprises 1,610 0.07 $53.45 $111,180
State Government, excluding schools and hospitals (OES Designation) 530 0.02 $43.65 $90,800

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 10,040 0.86 $55.13 $114,670
Agencies, Brokerages, and Other Insurance Related Activities 3,440 0.30 $58.40 $121,480
Management, Scientific, and Technical Consulting Services 3,150 0.22 $57.84 $120,310
Management of Companies and Enterprises 1,610 0.07 $53.45 $111,180
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 520 0.06 $57.99 $120,610

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Business, Professional, Labor, Political, and Similar Organizations 30 0.01 $74.75 $155,490
Federal Executive Branch (OES Designation) 260 0.01 $62.50 $129,990
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 60 0.01 $60.87 $126,610
Scientific Research and Development Services 30 (7) $60.24 $125,290
Agencies, Brokerages, and Other Insurance Related Activities 3,440 0.30 $58.40 $121,480


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 2,320 0.25 1.72 $72.57 $150,950
Illinois 1,950 0.33 2.27 $53.09 $110,430
Pennsylvania 1,610 0.27 1.92 $57.73 $120,090
Ohio 1,560 0.29 2.00 $48.37 $100,620
California 1,410 0.08 0.58 $58.02 $120,680




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 $63.90 $132,910
Nebraska 390 0.40 2.81 $51.26 $106,630
Massachusetts 1,260 0.35 2.46 $54.83 $114,050
Iowa 530 0.34 2.40 $51.63 $107,390
Illinois 1,950 0.33 2.27 $53.09 $110,430




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 2,320 0.25 1.72 $72.57 $150,950
Connecticut 980 0.59 4.13 $63.90 $132,910
Washington 360 0.11 0.78 $63.14 $131,330
District of Columbia 150 0.21 1.49 $62.28 $129,540
New Hampshire 70 0.10 0.73 $62.07 $129,110





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 2,000 0.21 1.47 $71.97 $149,700
Chicago-Naperville-Elgin, IL-IN-WI 1,260 0.27 1.90 $50.26 $104,530
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1,070 0.38 2.62 $61.05 $126,980
Boston-Cambridge-Nashua, MA-NH 1,060 0.38 2.67 $55.16 $114,730
Los Angeles-Long Beach-Anaheim, CA 740 0.12 0.85 $54.70 $113,770
Hartford-West Hartford-East Hartford, CT 680 1.17 8.15 $60.94 $126,750
Columbus, OH 520 0.49 3.44 $46.18 $96,050
Minneapolis-St. Paul-Bloomington, MN-WI 500 0.26 1.79 $55.72 $115,910
Cincinnati, OH-KY-IN 480 0.45 3.13 $50.06 $104,130
Washington-Arlington-Alexandria, DC-VA-MD-WV 390 0.12 0.87 $50.87 $105,810




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 680 1.17 8.15 $60.94 $126,750
Appleton, WI 130 1.10 7.65 $43.69 $90,870
Cedar Rapids, IA 150 1.03 7.20 $50.69 $105,440
Des Moines-West Des Moines, IA 340 0.93 6.51 $51.50 $107,120
Omaha-Council Bluffs, NE-IA 320 0.65 4.55 $51.68 $107,490
Madison, WI 240 0.62 4.29 $52.25 $108,670
Portland-South Portland, ME 120 0.58 4.07 $51.62 $107,380
Bridgeport-Stamford-Norwalk, CT 210 0.51 3.58 $72.74 $151,300
Albany-Schenectady-Troy, NY 220 0.50 3.45 $62.20 $129,370
Columbus, OH 520 0.49 3.44 $46.18 $96,050




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 210 0.51 3.58 $72.74 $151,300
New York-Newark-Jersey City, NY-NJ-PA 2,000 0.21 1.47 $71.97 $149,700
Seattle-Tacoma-Bellevue, WA 320 0.16 1.12 $63.68 $132,450
San Francisco-Oakland-Hayward, CA 370 0.15 1.05 $63.59 $132,260
Albany-Schenectady-Troy, NY 220 0.50 3.45 $62.20 $129,370
Nashville-Davidson--Murfreesboro--Franklin, TN (8) (8) (8) $61.54 $127,990
Sacramento--Roseville--Arden-Arcade, CA 100 0.10 0.70 $61.40 $127,710
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1,070 0.38 2.62 $61.05 $126,980
Hartford-West Hartford-East Hartford, CT 680 1.17 8.15 $60.94 $126,750
Charlotte-Concord-Gastonia, NC-SC 80 0.07 0.48 $60.66 $126,170


About May 2018 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 2018 National Occupational Employment and Wage Estimates

May 2018 State Occupational Employment and Wage Estimates

May 2018 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2018 National Industry-Specific Occupational Employment and Wage Estimates

May 2018 Occupation Profiles

Technical Notes

 

Last Modified Date: March 29, 2019