Occupational Employment Statistics

Occupational Employment and Wages, May 2005

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)
15,770 4.9 % $43.63 $90,760 1.2 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $21.95 $27.76 $39.25 $54.02 (5)
Annual Wage (2) $45,660 $57,740 $81,640 $112,360 (5)

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 Hourly mean wage Annual mean wage
Insurance carriers 7,810 $41.98 $87,320
Management and technical consulting services 3,460 $50.85 $105,780
Insurance agencies, brokerages, and related 1,410 $45.10 $93,820
Management of companies and enterprises 1,230 $38.01 $79,060
State government (OES designation) 390 $33.77 $70,250

Top paying industries for this occupation:

Industry Employment Hourly mean wage Annual mean wage
Management and technical consulting services 3,460 $50.85 $105,780
Computer systems design and related services (8) $49.25 $102,450
Federal government (OES designation) 200 $45.99 $95,660
Insurance and employee benefit funds 280 $45.45 $94,530
Insurance agencies, brokerages, and related 1,410 $45.10 $93,820

State profile for this occupation: Top

States with the highest published employment concentrations and wages for this occupation are provided. For a list of all States with employment in this occupation, see the Create Customized Tables function.

States with the highest concentration of workers in this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
Connecticut 1,030 $45.13 $93,870 0.062%
Massachusetts 980 $43.54 $90,550 0.031%
Kansas 390 $48.78 $101,470 0.030%
Iowa 380 $39.31 $81,770 0.026%
Pennsylvania 1,290 $42.30 $87,990 0.023%

Top paying States for this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
Minnesota 300 $51.68 $107,500 0.011%
New York 1,460 $50.13 $104,260 0.018%
Missouri 420 $49.87 $103,720 0.016%
Kansas 390 $48.78 $101,470 0.030%
Texas 900 $47.78 $99,390 0.010%

Metropolitan area profile for this occupation: Top

Metropolitan areas with the highest published employment concentrations and wages for this occupation are provided. For a list of all Metropolitan areas with employment in this occupation, see the Create Customized Tables function.

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

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Hartford-West Hartford-East Hartford, CT 700 $43.77 $91,050 0.127%
Des Moines-West Des Moines, IA 290 $36.24 $75,370 0.096%
Trenton-Ewing, NJ 150 $39.12 $81,370 0.068%
Bridgeport-Stamford-Norwalk, CT 280 $48.37 $100,620 0.066%
Topeka, KS 70 (8) (8) 0.065%

Top paying Metropolitan areas for this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
West Palm Beach-Boca Raton-Boynton Beach, FL Metropolitan Division 50 $66.55 $138,420 0.009%
Dallas-Plano-Irving, TX Metropolitan Division 280 $57.86 $120,340 0.015%
St. Louis, MO-IL 240 $55.79 $116,050 0.018%
Austin-Round Rock, TX 150 $55.47 $115,380 0.022%
Milwaukee-Waukesha-West Allis, WI 220 $53.96 $112,230 0.027%

About May 2005 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 wage is equal to or greater than $70.00 per hour or $145,600 per year.

(8) Estimate not released.

Other OES estimates and related information:

May 2005 National Occupational Employment and Wage Estimates

May 2005 State Occupational Employment and Wage Estimates

May 2005 Metropolitan Area Occupational Employment and Wage Estimates

May 2005 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2005 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

Last Modified Date: May 24, 2006

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