If you're thinking about becoming an actuary or you're already on the path, you might be wondering:
"How many actuary jobs are there, and is the industry growing?"
The short answer? Yes, it's growing—fast. There are currently around 30,200 actuary jobs in the U.S., and the Bureau of Labor Statistics (BLS) projects the industry will grow by 22% from 2023 to 2033, adding about 2,200 new jobs each year. This is nearly triple the growth rate of the average job market.
If that sounds like job security to you, you’re right. But let’s dig a little deeper into where these jobs are, what’s driving demand, and how you can land one of them.
As of now, there are around 30,200 actuarial jobs in the United States. These jobs are spread across industries like:
The number of jobs has been steadily increasing, thanks to a growing demand for risk analysis in areas like climate change, cybersecurity, and healthcare costs. These emerging risk areas are pushing companies to hire more actuaries than ever before.
Not all states are created equal when it comes to actuarial jobs. Some regions have a higher demand for actuaries, often due to a concentration of insurance companies, consulting firms, or major financial hubs. Here are the top states for actuary jobs:
If you’re looking to maximize your career opportunities as an actuary, you may want to target jobs in these states.
The number of actuary jobs is on the rise for a few big reasons. Here’s why demand is heating up:
With only about 30,200 jobs in the U.S., it’s fair to ask:
“Is it hard to get an actuary job?”
The answer depends on where you are in your career. Early on, competition can be stiff because candidates often apply with limited experience. However, once you pass the first few actuarial exams, your resume will stand out.
Here’s what can set you apart:
If you can check off these boxes, you’ll be ahead of 90% of the competition.
Actuary jobs are growing at 22% from 2023 to 2033. This is much faster than most occupations (which grow at around 7-8% on average). Here’s what you can expect in the coming years:
In other words, being an actuary is about as future-proof as it gets.
If you’re wondering whether it’s all worth it, let’s talk numbers. Actuaries are known for their high salaries, and the more exams you pass, the more you earn. Here’s the breakdown:
For reference, the median salary for actuaries is $108,000/year, but top-tier professionals working in major financial hubs can make over $200,000/year.
Here’s a step-by-step guide to land one of the 30,200+ actuary jobs available right now:
1. How many actuary jobs are there in the U.S.?
There are around 30,200 actuary jobs in the U.S., and this number is growing thanks to increased demand in insurance, healthcare, and emerging risk areas like cybersecurity.
2. Is there a demand for actuaries?
Yes, demand for actuaries is growing at a rate of 22% from 2023 to 2033, much faster than most jobs. New risks like climate change, cybersecurity, and healthcare costs are driving demand.
3. How much do actuaries earn?
The median salary for actuaries is $108,000/year, but senior actuaries with full certifications can earn $150,000 to $250,000/year or more.
4. How hard is it to get an actuary job?
It can be challenging at first, especially before passing exams. But once you pass a few exams, get an internship, and develop technical skills, your chances improve significantly.
There are about 30,200 actuary jobs in the U.S., and that number is growing fast. Actuaries are in high demand thanks to a world full of new risks and uncertainties. If you’re interested in this career, focus on passing your exams, landing an internship, and honing your technical skills.
Want to see which actuarial jobs are open right now? Check out Acturhire and start your actuarial career today!
