Occupational Employment Statistics

Occupational Employment and Wages, November 2003

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

National estimates for this occupation
Industry profile for this occupation
State profile for this occupation
Metropolitan area 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)
14,550 4.6 % $41.84 $87,040 1.9 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $20.31 $26.01 $36.19 $51.36 (5)
Annual Wage (2) $42,250 $54,090 $75,280 $106,820 (5)

Industry profile for this occupation: Top

Industries with the highest levels of employment in this occupation:

Industry Employment Hourly mean wage Annual mean wage
Insurance carriers 7,520 $39.95 $83,090
Management and technical consulting services 2,740 $54.83 $114,050
Insurance agencies, brokerages, and related 1,220 $41.24 $85,780
Management of companies and enterprises 1,110 $32.97 $68,580
State government (OES designation) 350 $32.96 $68,560

Top paying industries for this occupation:

Industry Employment Hourly mean wage Annual mean wage
Management and technical consulting services 2,740 $54.83 $114,050
Accounting and bookkeeping services 100 $51.95 $108,060
Computer systems design and related services (7) $47.39 $98,560
Other financial investment activities 60 $44.97 $93,530
Insurance and employee benefit funds 120 $42.72 $88,860

State profile for this occupation: Top

States with the highest concentration of workers in this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
Connecticut 880 $45.16 $93,940 0.054%
Iowa 370 $36.12 $75,140 0.026%
Massachusetts 810 $42.72 $88,860 0.026%
Nebraska 210 $34.90 $72,590 0.024%
Illinois 1,210 $46.11 $95,910 0.021%

Top paying States for this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
Vermont (7) $59.69 $124,160 (7)
Texas 840 $58.98 $122,680 0.009%
Kansas 240 $48.31 $100,480 0.019%
New York 1,390 $47.76 $99,340 0.017%
Illinois 1,210 $46.11 $95,910 0.021%

Metropolitan area profile for this occupation: Top

Metropolitan areas with the highest concentration of workers in this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Des Moines, IA MSA 320 $36.05 $74,980 0.114%
Hartford, CT MSA 630 $43.21 $89,870 0.106%
Trenton, NJ PMSA 190 $37.89 $78,820 0.088%
Stamford-Norwalk, CT PMSA 160 $51.45 $107,020 0.080%
Madison, WI MSA 150 $30.00 $62,390 0.054%

Top paying Metropolitan areas for this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Dallas, TX PMSA (7) $74.54 $155,040 (7)
Nassau-Suffolk, NY PMSA 60 $55.08 $114,560 0.005%
Stamford-Norwalk, CT PMSA 160 $51.45 $107,020 0.080%
New York, NY PMSA 1,000 $49.43 $102,810 0.025%
Jersey City, NJ PMSA 40 $48.54 $100,960 0.017%

About November 2003 National, State, and Metropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors in metropolitan and non-metropolitan areas in every State and the District of Columbia. The top five employment and wage figures are provided above. The complete list is available in the downloadable Excel files(XLS).

Percentile wage estimates show the percentage of workers in an occupation that earn less than a given wage and the percentage that earn more. 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 mean 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.

(5) This percentile wage is equal to or greater than $70.00 per hour or $145,600 per year.

(7) Estimates not released.

All Computer and Mathematical Science Occupations

November 2003 National Occupational Employment and Wage Estimates

November 2003 State Occupational Employment and Wage Estimates

November 2003 Metropolitan Area Occupational Employment and Wage Estimates

November 2003 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download November 2003 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

Last Modified Date: April 19, 2005

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