Home > Salary > Australia > Actuarial Consultant
An actuarial consultant is a professional who provides expertise in risk management and financial forecasting to clients in various industries. They analyze large amounts of data to assess and mitigate potential risks, such as insurance claims or investment losses, and help organizations make informed decisions based on their findings. Actuarial consultants use mathematical models and statistical techniques to evaluate the probability and impact of different scenarios, ensuring that businesses can effectively manage their risks and optimize their financial strategies. They also provide advice on pricing, product development, and regulatory compliance.
Estimated Yearly Salary: 224,371 AUD
Estimated Monthly Salary: 18,698 AUD
Estimated Weekly Salary: 4,315 AUD per week
Estimated Hourly Salary: 108 AUD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 18,004 AUD
Estimated Weekly Salary: 4,155 AUD per week
Estimated Hourly Salary: 104 AUD per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 111,957 USD
Estimated Monthly Salary: 9,330 USD
Estimated Weekly Salary: 2,153 USD per week
Estimated Hourly Salary: 54 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 224,371 AUD
Estimated Monthly Salary: 18,698 AUD
Estimated Weekly Salary: 4,315 AUD per week
Estimated Hourly Salary: 108 AUD per hour
By working as Actuarial Consultant a person can save up to 6,913 USD per month or 82,951 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Estimated Yearly Salary for Actuarial Consultant
Last revision of data: 2025-01-04
Data as of 2025
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Actuarial Consultant salary in Australia
Average Yearly Salary of Actuarial Consultant in Australia is approximately 224,371 AUD (111,957 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Actuarial Consultant do?
An actuarial consultant is a professional who provides expertise in risk management and financial forecasting to clients in various industries. They analyze large amounts of data to assess and mitigate potential risks, such as insurance claims or investment losses, and help organizations make informed decisions based on their findings. Actuarial consultants use mathematical models and statistical techniques to evaluate the probability and impact of different scenarios, ensuring that businesses can effectively manage their risks and optimize their financial strategies. They also provide advice on pricing, product development, and regulatory compliance.
Skills: Actuarial consulting, Risk management, Financial forecasting, Data analysis, Mathematical modeling, Statistical techniques
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Consultant make?
Salary details
How much does Actuarial Consultant make?Estimated Yearly Salary: 224,371 AUD
Estimated Monthly Salary: 18,698 AUD
Estimated Weekly Salary: 4,315 AUD per week
Estimated Hourly Salary: 108 AUD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 216,050 AUDEstimated Monthly Salary: 18,004 AUD
Estimated Weekly Salary: 4,155 AUD per week
Estimated Hourly Salary: 104 AUD per hour
Last revision of data: 2024-01-03Actuarial Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 111,957 USD
Estimated Monthly Salary: 9,330 USD
Estimated Weekly Salary: 2,153 USD per week
Estimated Hourly Salary: 54 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
Australia is a vast country located in the southern hemisphere. It has a diverse population of approximately 25 million people. The country spans an area of about 7.7 million square kilometers, making it the sixth-largest country in the world. Australia is surrounded by the Indian and Pacific Oceans and is known for its stunning landscapes, including the Great Barrier Reef, Uluru, and the Outback.
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Consultant job salary compared to average salary in Australia.
Comparison shows that a person working as Actuarial Consultant in Australia earns on average:
2.67 times the average salary (or 267% of average salary).
Estimated national average yearly salary is 84,179 AUD (60,430 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Consultant job salary compared to average salary in Australia.
Comparison shows that a person working as Actuarial Consultant in Australia earns on average:
2.67 times the average salary (or 267% of average salary).
Is Actuarial Consultant a well paid job?
Yes, our data show that Actuarial Consultant is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Actuarial Consultant?
High salary for Actuarial Consultant would be somewhere between 246,808 AUD and 325,338 AUD. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Consultant in Australia?
Living in Australia the approximate monthly expenses are: 2,417 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 224,371 AUD
Estimated Monthly Salary: 18,698 AUD
Estimated Weekly Salary: 4,315 AUD per week
Estimated Hourly Salary: 108 AUD per hour
By working as Actuarial Consultant a person can save up to 6,913 USD per month or 82,951 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Australia, see costs of living in Australia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Indonesia, Papua New Guinea, East Timor. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Actuarial Consultant
Indonesia is 19,564 USD
East Timor is 83,131 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Australia
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4. Neurosurgeon
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8. Oncologist
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10. Plastic surgeon
(958,802 AUD per year, pre-tax.)
Data as of 2025Random salary:
Yard manager (109,342 AUD per year, pre-tax.)
Lab assistant ii (69,797 AUD per year, pre-tax.)
Real estate consultant (151,498 AUD per year, pre-tax.)
Vice president (vp), human resources (hr) (340,251 AUD per year, pre-tax.)
Able bodied tankerman (203,496 AUD per year, pre-tax.)
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