Actuary

job outlook graphic

JOB OUTLOOK

Stable

Money & Outlook

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North Dakota's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 18%
Job Openings 1 estimated annual job openings
Employment 17 were employed in this occupation

National Earnings

Average Annual Wage

$134,990

Average Hourly Wage

$64.90

Average Annual Range

$75,240 to $206,430

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2023 to 2033 is estimated to be +22%.
(The National average for all occupations is +4%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2023 and 2033.
(The National Average for all occupations is 1,724 openings)
Employment small occupation
  This was a small occupation in the United States, employing 30,200 workers in 2023.
(The National average for all occupations is 150,944 workers)
Growth Much faster than average growth
  Actuaries will be needed to develop, price, and evaluate a variety of insurance products and calculate the costs of new risks. More actuaries also will be needed to help companies manage their own risk, a practice known as enterprise risk management. Insurance companies will need actuaries to analyze the large amount of information, such as medical or property data, collected from consumers. 
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (78.2%)
  • Insurance carriers and related activities (NAICS524000) (76.2%)
  • Insurance carriers (NAICS524100) (59.9%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (19%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (16.3%)
  • Professional, scientific, and technical services (NAICS540000) (13.4%)
  • Direct health and medical insurance carriers (NAICS524114) (12.5%)
  • Management, scientific, and technical consulting services (NAICS541600) (9.9%)
  • Other insurance related activities (NAICS524290) (8.6%)
  • Insurance agencies and brokerages (NAICS524210) (7.7%)