Average Actuary Salary / Wages
Salary and wage information for actuaries is compiled regularly by analysis of Australian jobs advertised in major publications. Salaries are annual unless otherwise stated.
The Australian and New Zealand Standard Classification of Occupations Codes (ANZSCO) are 224111 for actuaries and 224113 for statisticians.
Job titles and exact tasks vary in this work and examples of some occupation titles are actuary, statistician, actuarial analyst and risk analyst.
These occupations are currently on the Australian Combined Skilled Occupation List, (Medium and Long-term Strategic Skills List, MLTSSL).
The average weekly full-time ordinary earnings in Financial and Insurance Services in mid 2018 were $1891, giving an annual income of approximately $98,300. This was 3.0 % higher than in mid 2017.*
Actuary Salaries / Wages in 2018
| Job Title | Salary / Wage $ | Location |
|---|---|---|
| Senior Actuary – Life Insurance | 140,000 – 170,000 | Sydney |
| Actuarial Analyst / Senior Actuarial Analyst – Health / GI background | 80,000 – 95,000 | Sydney |
| Senior Actuarial Analyst / General Insurance! | 100,000 – 120,000 | New South Wales |
| Senior Manager – Investment Risk | 175,000 – 230,000 | Sydney |
| Claims Data Analyst / Actuarial Analyst | 75,000 – 85,000 | New South Wales |
| Senior Reporting Analyst | 65,000 – 75,000 | Sydney |
| Actuarial and Statistical Role | $75 – $100 per hour | Sydney |
| (Actuarial) Analyst – Product Pricing | 80,000 – 90,000 | New South Wales |
| Actuarial Manager | 150,000 + | Melbourne, Victoria |
| Senior Actuarial Analyst / Actuary – Reserving-General Insurance | 100,000 – 150,000 | Brisbane, Queensland |
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*Source:ABS
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