Occupational Employment Statistics

Occupational Employment and Wages, May 2011

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


National estimates for this occupation
Industry profile for this occupation
Geographic 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)
19,590 3.5 % $49.52 $103,000 1.1 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $26.13 $32.76 $43.78 $61.15 $80.90
Annual Wage (2) $54,350 $68,140 $91,060 $127,200 $168,270


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 (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance Carriers 9,430 0.81 $48.56 $101,000
Agencies, Brokerages, and Other Insurance Related Activities 3,600 0.41 $52.30 $108,790
Management, Scientific, and Technical Consulting Services 3,270 0.31 $53.98 $112,280
Management of Companies and Enterprises 1,340 0.07 $43.35 $90,160
State Government (OES Designation) 520 0.02 $36.71 $76,360

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance and Employee Benefit Funds 490 1.11 $54.90 $114,200
Insurance Carriers 9,430 0.81 $48.56 $101,000
Agencies, Brokerages, and Other Insurance Related Activities 3,600 0.41 $52.30 $108,790
Management, Scientific, and Technical Consulting Services 3,270 0.31 $53.98 $112,280
Management of Companies and Enterprises 1,340 0.07 $43.35 $90,160

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Insurance and Employee Benefit Funds 490 1.11 $54.90 $114,200
Federal Executive Branch (OES Designation) 280 0.01 $54.23 $112,800
Management, Scientific, and Technical Consulting Services 3,270 0.31 $53.98 $112,280
Scientific Research and Development Services 80 0.01 $53.38 $111,020
Agencies, Brokerages, and Other Insurance Related Activities 3,600 0.41 $52.30 $108,790


Geographic profile for this occupation: Top

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





States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 2,480 0.29 1.93 $60.38 $125,590
California 1,440 0.10 0.67 $44.79 $93,170
New Jersey 1,310 0.35 2.27 $49.64 $103,240
Pennsylvania 1,140 0.20 1.34 $52.94 $110,120
Illinois 930 0.17 1.09 $46.96 $97,680




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 920 0.57 3.73 $49.00 $101,930
Maine 240 0.42 2.72 $33.67 $70,030
Rhode Island 170 0.38 2.51 $42.03 $87,410
District of Columbia 240 0.38 2.46 $53.97 $112,250
New Jersey 1,310 0.35 2.27 $49.64 $103,240




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Montana (8) (8) (8) $63.16 $131,370
New York 2,480 0.29 1.93 $60.38 $125,590
Kansas 330 0.25 1.65 $59.02 $122,760
District of Columbia 240 0.38 2.46 $53.97 $112,250
Delaware 90 0.22 1.45 $53.96 $112,240





Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 2,310 0.46 2.99 $61.32 $127,550
Boston-Cambridge-Quincy, MA NECTA Division 750 0.45 2.93 $51.16 $106,420
Philadelphia, PA Metropolitan Division 690 0.38 2.48 $54.19 $112,720
Chicago-Joliet-Naperville, IL Metropolitan Division 680 0.19 1.25 $47.15 $98,070
Hartford-West Hartford-East Hartford, CT 660 1.20 7.85 $47.68 $99,170
Minneapolis-St. Paul-Bloomington, MN-WI 620 0.36 2.36 $53.51 $111,290
Newark-Union, NJ-PA Metropolitan Division 570 0.60 3.90 $47.19 $98,160
Atlanta-Sandy Springs-Marietta, GA 420 0.19 1.24 $47.87 $99,570
Columbus, OH 420 0.47 3.05 $50.34 $104,710
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 400 0.10 0.68 $41.81 $86,960




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Hartford-West Hartford-East Hartford, CT 660 1.20 7.85 $47.68 $99,170
Portland-South Portland-Biddeford, ME 230 1.19 7.82 $33.36 $69,390
Fort Wayne, IN 140 0.73 4.77 $50.90 $105,880
Des Moines-West Des Moines, IA 190 0.61 3.99 $48.45 $100,780
Newark-Union, NJ-PA Metropolitan Division 570 0.60 3.90 $47.19 $98,160
Madison, WI 190 0.57 3.73 $43.81 $91,120
Springfield, IL 60 0.53 3.48 $43.38 $90,220
Columbus, OH 420 0.47 3.05 $50.34 $104,710
New York-White Plains-Wayne, NY-NJ Metropolitan Division 2,310 0.46 2.99 $61.32 $127,550
Boston-Cambridge-Quincy, MA NECTA Division 750 0.45 2.93 $51.16 $106,420




Top paying metropolitan areas for this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Miami-Miami Beach-Kendall, FL Metropolitan Division (8) (8) (8) $64.02 $133,150
Syracuse, NY 70 0.25 1.61 $62.24 $129,460
New York-White Plains-Wayne, NY-NJ Metropolitan Division 2,310 0.46 2.99 $61.32 $127,550
Harrisburg-Carlisle, PA 100 0.33 2.13 $58.19 $121,040
Topeka, KS (8) (8) (8) $56.97 $118,500
Dallas-Plano-Irving, TX Metropolitan Division 340 0.17 1.09 $56.75 $118,040
New Haven, CT 50 0.20 1.29 $56.68 $117,900
Charlotte-Gastonia-Rock Hill, NC-SC 220 0.27 1.74 $56.56 $117,650
Nashville-Davidson--Murfreesboro--Franklin, TN 110 0.16 1.03 $56.13 $116,750
Camden, NJ Metropolitan Division 30 0.07 0.44 $55.85 $116,170

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
West Central Wisconsin nonmetropolitan area 40 0.24 1.57 $42.94 $89,310

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
West Central Wisconsin nonmetropolitan area 40 0.24 1.57 $42.94 $89,310

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southwestern Montana nonmetropolitan area (8) (8) (8) $63.16 $131,370
West Central Wisconsin nonmetropolitan area 40 0.24 1.57 $42.94 $89,310


About May 2011 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. 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.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OES estimates and related information:

May 2011 National Occupational Employment and Wage Estimates

May 2011 State Occupational Employment and Wage Estimates

May 2011 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2011 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2011 Occupational Employment and Wage Estimates in Zipped XLS files

Technical Notes

Last Modified Date: March 27, 2012

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