Occupational Employment Statistics

Occupational Employment and Wages, May 2013

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)
20,080 3.8 % $51.80 $107,740 1.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $27.61 $34.14 $45.35 $63.70 $84.71
Annual Wage (2) $57,430 $71,000 $94,340 $132,490 $176,190


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 9,180 0.78 $50.51 $105,070
Agencies, Brokerages, and Other Insurance Related Activities 4,160 0.45 $57.42 $119,440
Management, Scientific, and Technical Consulting Services 2,860 0.25 $52.68 $109,570
Management of Companies and Enterprises 1,980 0.09 $47.30 $98,380
State Government (OES Designation) 510 0.02 $38.38 $79,830

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 120 1.38 $52.18 $108,540
Insurance Carriers 9,180 0.78 $50.51 $105,070
Agencies, Brokerages, and Other Insurance Related Activities 4,160 0.45 $57.42 $119,440
Management, Scientific, and Technical Consulting Services 2,860 0.25 $52.68 $109,570
Management of Companies and Enterprises 1,980 0.09 $47.30 $98,380

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Legal Services (8) (8) $115.63 $240,500
Agencies, Brokerages, and Other Insurance Related Activities 4,160 0.45 $57.42 $119,440
Federal Executive Branch (OES Designation) 280 0.01 $55.87 $116,210
Office Administrative Services (8) (8) $55.11 $114,640
Management, Scientific, and Technical Consulting Services 2,860 0.25 $52.68 $109,570


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 2,560 0.30 1.96 $64.42 $133,990
California 1,800 0.12 0.81 $50.51 $105,070
Pennsylvania 1,320 0.23 1.55 $50.96 $105,990
Connecticut 1,280 0.78 5.17 $53.86 $112,030
New Jersey 1,000 0.26 1.73 $50.77 $105,600




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 1,280 0.78 5.17 $53.86 $112,030
Kansas 450 0.33 2.21 $65.42 $136,070
New York 2,560 0.30 1.96 $64.42 $133,990
New Jersey 1,000 0.26 1.73 $50.77 $105,600
Iowa 390 0.26 1.74 $45.00 $93,600




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kansas 450 0.33 2.21 $65.42 $136,070
New York 2,560 0.30 1.96 $64.42 $133,990
Colorado 360 0.16 1.04 $60.96 $126,790
Vermont 70 0.23 1.54 $58.42 $121,510
Idaho 30 0.05 0.34 $56.73 $117,990





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 2,390 0.46 3.01 $65.48 $136,190
Hartford-West Hartford-East Hartford, CT 900 1.61 10.61 $53.01 $110,260
Philadelphia, PA Metropolitan Division 750 0.41 2.70 $55.25 $114,920
Boston-Cambridge-Quincy, MA NECTA Division 650 0.37 2.44 $58.03 $120,710
Kansas City, MO-KS 610 0.62 4.07 $60.15 $125,120
Minneapolis-St. Paul-Bloomington, MN-WI 560 0.31 2.05 $47.10 $97,960
Chicago-Joliet-Naperville, IL Metropolitan Division 560 0.15 0.99 $48.56 $101,010
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 550 0.38 2.51 $55.95 $116,380
Newark-Union, NJ-PA Metropolitan Division 420 0.44 2.89 $49.81 $103,600
Seattle-Bellevue-Everett, WA Metropolitan Division 420 0.29 1.91 $45.34 $94,320




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 900 1.61 10.61 $53.01 $110,260
Des Moines-West Des Moines, IA 250 0.76 5.00 $43.06 $89,560
Madison, WI 230 0.66 4.36 $45.23 $94,080
Kansas City, MO-KS 610 0.62 4.07 $60.15 $125,120
Columbia, MO 50 0.59 3.87 $42.77 $88,960
Bridgeport-Stamford-Norwalk, CT 200 0.48 3.19 $57.21 $119,000
New York-White Plains-Wayne, NY-NJ Metropolitan Division 2,390 0.46 3.01 $65.48 $136,190
Newark-Union, NJ-PA Metropolitan Division 420 0.44 2.89 $49.81 $103,600
Portland-South Portland-Biddeford, ME 80 0.42 2.77 $52.73 $109,670
Philadelphia, PA Metropolitan Division 750 0.41 2.70 $55.25 $114,920




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)
Austin-Round Rock-San Marcos, TX 140 0.16 1.06 $67.68 $140,770
Camden, NJ Metropolitan Division 60 0.12 0.76 $67.16 $139,700
New York-White Plains-Wayne, NY-NJ Metropolitan Division 2,390 0.46 3.01 $65.48 $136,190
Milwaukee-Waukesha-West Allis, WI 110 0.14 0.92 $63.31 $131,690
Nassau-Suffolk, NY Metropolitan Division 70 0.06 0.39 $63.08 $131,220
Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 270 0.11 0.76 $61.19 $127,280
Denver-Aurora-Broomfield, CO 360 0.28 1.84 $61.16 $127,220
Kansas City, MO-KS 610 0.62 4.07 $60.15 $125,120
New Haven, CT (8) (8) (8) $58.94 $122,600
Fort Worth-Arlington, TX Metropolitan Division 110 0.12 0.77 $58.71 $122,110

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)
Northern Vermont nonmetropolitan area 60 0.78 5.14 $57.98 $120,600
West Central Wisconsin nonmetropolitan area 60 0.32 2.09 $47.10 $97,960
Southwestern New Hampshire nonmetropolitan area 40 0.89 5.90 (8) (8)

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)
Southwestern New Hampshire nonmetropolitan area 40 0.89 5.90 (8) (8)
Northern Vermont nonmetropolitan area 60 0.78 5.14 $57.98 $120,600
West Central Wisconsin nonmetropolitan area 60 0.32 2.09 $47.10 $97,960

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)
Northern Vermont nonmetropolitan area 60 0.78 5.14 $57.98 $120,600
West Central Wisconsin nonmetropolitan area 60 0.32 2.09 $47.10 $97,960


About May 2013 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 2013 National Occupational Employment and Wage Estimates

May 2013 State Occupational Employment and Wage Estimates

May 2013 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2013 National Industry-Specific Occupational Employment and Wage Estimates

May 2013 Occupation Profiles

Technical Notes

Last Modified Date: April 1, 2014

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