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Best salary prospects

Actuaries usually have a positive view of the pay slip: In the ranking of the best-paid professions in Germany they are regularly in the TOP 10.
Written on 8/4/20

After a long and complex course of study, every graduate is probably looking forward to her first salary. Actuaries have a particularly positive experience when looking into their personal account: In the ranking of the best paid professions in Germany actuaries are regularly in the TOP 10.

In the salary atlas 2019 of the occupational group comes in 7th place with a median salary of 71,042 Euros. And already the career start begins stately with 50,149 to 68,618 Euros, as the salary reporters report. This puts the young actuaries at the top of the list of starting salaries. With more than 10 years of professional experience, the monthly gross income can then rise to up to 118,172 euros. In 2017, the German Association of Actuaries (DAV), together with Deloitte, surveyed its members to find average salaries ranging from 72,040 euros to 252,300 euros, depending on the years of professional experience and the duties and personnel responsibilities.

With these figures, actuaries are in good company in the financial sector: Related professional fields such as funds and asset management, risk management and management consultancy, which are often also occupied by mathematicians, record similar top salaries.

Incidentally, the salary prospects abroad are also very good: The U.S. Bureau of Labor Statistics calculated a median salary of 108,350 US dollars in May 2019 for the US market. The British actuarial association IFoA cites an average salary of £51,594 for an actuary with the prospect of over £200,000 for senior executives and promotes the profession as one of the best-paid careers ever.

"Wherever you go in the world, you'll find that actuarial work is one of the highest paid careers."
(Institute and Faculty of Actuaries)