DETAILED OCCUPATION DATA

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.

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2020

					Percentiles
Geography	Employment	Emp SE*	Mean	Mean SE*	10th	25th	Median	75th	90th
Minneapolis-St Paul-Bloomington MN-WI MSA	450	70	$53.50/hr	$1.66/hr	$32.12/hr	$38.82/hr	$48.48/hr	$62.51/hr	$82.56/hr
Minnesota	460	72	$53.99/hr	$1.78/hr	$32.19/hr	$38.91/hr	$48.58/hr	$62.71/hr	$84.17/hr
U S	22,260	846	$58.76/hr	$0.65/hr	$31.50/hr	$39.44/hr	$52.63/hr	$72.24/hr	$94.04/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.

Leading Industries for Actuaries Industry OES Employment OES Median Wage Professional and Business Services 250 $45.83/hr Financial Activities 200 $52.52/hr

Other Regional Data For Actuaries Geography (click title for details) OES Projections Employment Median Wage % Change  -  Minneapolis-St Paul-Bloomington MN-WI MSA 450 $48.48/hr N/A La Crosse WI-MN MSA 10 $33.58/hr N/A Southwest Balance of State N/A N/A N/A Fargo ND-MN MSA N/A N/A N/A St Cloud MN MSA N/A N/A N/A Southeast Balance of State N/A N/A N/A

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change  -
Accountants and Auditors	18,700	$34.02/hr	N/A
Cost Estimators	3,180	$32.50/hr	N/A
Insurance Underwriters	1,610	$36.05/hr	N/A
Credit Analysts	1,490	$38.25/hr	N/A
Tax Preparers	1,040	$27.35/hr	N/A
Statisticians	830	$42.23/hr	N/A
Procurement Clerks	770	$21.58/hr	N/A

• Determines mortality, accident, sickness, disability, and retirement rates.
• Constructs probability tables regarding fire, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
• Designs or reviews insurance and pension plans and calculates premiums.
• Ascertains premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
• Determines equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.