Actuaries (15-2011) in Connecticut



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State of Connecticut (1Q 2017)
All Industry
Estimated employment		850
Mean wage		$57.70
Entry wage		$36.61
10th percentile wage		$33.68
50th percentile wage		$49.46
90th percentile wage		$88.19

Top Employing Industries
Industry	Employment Percent
Insurance Carriers and Related Activities	710	84.2%
Public Administration	10	1.2%
Professional, Scientific, and Technical Services

Best Paying Industries
Industry	Employment Median Wage
Public Administration	10	64.41
Insurance Carriers and Related Activities	710	49.47
Professional, Scientific, and Technical Services		38.38

Actuaries (15-2011)

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 premium rates required and cash reserves necessary to ensure payment of future benefits.


Median Wage History
Year	This Occupation		Compared to Occupational Group		Difference
Current	$49.46		$42.20		$7.26
2016	$48.30	+2.4%	$41.21	+2.4%	$7.09
2015	$47.38	+2%	$40.42	+2%	$6.95
2014	$46.49	+1.9%	$39.67	+1.9%	$6.82
2013	$45.60	+1.9%	$38.91	+1.9%	$6.69
2012	$44.71	+2%	$38.15	+2%	$6.56
2011	$44.02	+1.6%	$37.56	+1.6%	$6.46
2010	$43.25	+1.8%	$36.90	+1.8%	$6.35
2009	$42.79	+1.1%	$36.51	+1.1%	$6.28
2008	$41.51	+3.1%	$35.42	+3.1%	$6.09
Year	This Occupation		Compared to All Occupations		Difference
Current	$49.46		$22.06		$27.40
2016	$48.30	+2.4%	$21.36	+3.3%	$26.95
2015	$47.38	+2%	$20.91	+2.1%	$26.47
2014	$46.49	+1.9%	$20.46	+2.2%	$26.03
2013	$45.60	+1.9%	$20.05	+2.1%	$25.55
2012	$44.71	+2%	$19.70	+1.7%	$25.01
2011	$44.02	+1.6%	$19.39	+1.6%	$24.63
2010	$43.25	+1.8%	$19.07	+1.7%	$24.18
2009	$42.79	+1.1%	$18.81	+1.4%	$23.98
2008	$41.51	+3.1%	$18.33	+2.6%	$23.18

Reference Date: 1st Quarter 2017

Note: The mid-wage is the median wage. The average wage is the mean wage. The entry-level wage is equal to the average of the lower third of reported wages for the occupation. The wage range consists of the 10th and 90th percentiles; 80% of workers earn between this wage range, 10% earn less while 10% earn more.


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