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An actuary is a professional who uses mathematical and statistical methods to assess and manage risks in various industries, primarily in insurance and finance. Actuaries analyze data, develop models, and make predictions to help organizations make informed decisions regarding investments, pricing, and risk management. They use their expertise to evaluate the likelihood and potential impact of future events, such as accidents, natural disasters, or changes in market conditions. Actuaries also play a crucial role in designing insurance policies and pension plans, ensuring they are financially sustainable and provide adequate coverage.
Estimated Yearly Salary: 57,500,890 COP
Estimated Monthly Salary: 4,791,741 COP
Estimated Weekly Salary: 1,105,786 COP per week
Estimated Hourly Salary: 27,645 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,643,501 COP
Estimated Weekly Salary: 1,071,577 COP per week
Estimated Hourly Salary: 26,789 COP per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 12,812 USD
Estimated Monthly Salary: 1,068 USD
Estimated Weekly Salary: 246 USD per week
Estimated Hourly Salary: 6 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 57,500,890 COP
Estimated Monthly Salary: 4,791,741 COP
Estimated Weekly Salary: 1,105,786 COP per week
Estimated Hourly Salary: 27,645 COP per hour
By working as Actuary a person can save up to 807 USD per month or 9,687 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 Colombia, see costs of living in Colombia.
Estimated Yearly Salary for Actuary
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Data application specialist (32,610,780 COP per year, pre-tax.)
Field service technician (19,051,406 COP per year, pre-tax.)
Food and beverage director (39,709,887 COP per year, pre-tax.)
Solderer (15,586,458 COP per year, pre-tax.)
Neonatal nurse practitioner (46,893,780 COP per year, pre-tax.)
Actuary salary in Colombia
Average Yearly Salary of Actuary in Colombia is approximately 57,500,890 COP (12,812 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 Actuary do?
An actuary is a professional who uses mathematical and statistical methods to assess and manage risks in various industries, primarily in insurance and finance. Actuaries analyze data, develop models, and make predictions to help organizations make informed decisions regarding investments, pricing, and risk management. They use their expertise to evaluate the likelihood and potential impact of future events, such as accidents, natural disasters, or changes in market conditions. Actuaries also play a crucial role in designing insurance policies and pension plans, ensuring they are financially sustainable and provide adequate coverage.
Skills: Actuary, Risk management, Insurance, Finance, Mathematics, Statistics
Job industry: Insurance
Job industry: Insurance
How much does Actuary make?
Salary details
How much does Actuary make?Estimated Yearly Salary: 57,500,890 COP
Estimated Monthly Salary: 4,791,741 COP
Estimated Weekly Salary: 1,105,786 COP per week
Estimated Hourly Salary: 27,645 COP per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 55,722,011 COPEstimated Monthly Salary: 4,643,501 COP
Estimated Weekly Salary: 1,071,577 COP per week
Estimated Hourly Salary: 26,789 COP per hour
Last revision of data: 2024-01-08Actuary estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 12,812 USD
Estimated Monthly Salary: 1,068 USD
Estimated Weekly Salary: 246 USD per week
Estimated Hourly Salary: 6 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Compare salary to other countries
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Country:
Salary comparison to National average
Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Actuary job salary compared to average salary in Colombia.
Comparison shows that a person working as Actuary in Colombia earns on average:
2.13 times the average salary (or 213% of average salary).
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Actuary job salary compared to average salary in Colombia.
Comparison shows that a person working as Actuary in Colombia earns on average:
2.13 times the average salary (or 213% of average salary).
Is Actuary a well paid job?
Yes, our data show that Actuary 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 Actuary?
High salary for Actuary would be somewhere between 63,250,979 COP and 83,376,291 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuary in Colombia?
Living in Colombia the approximate monthly expenses are: 260 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: 57,500,890 COP
Estimated Monthly Salary: 4,791,741 COP
Estimated Weekly Salary: 1,105,786 COP per week
Estimated Hourly Salary: 27,645 COP per hour
By working as Actuary a person can save up to 807 USD per month or 9,687 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 Colombia, see costs of living in Colombia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Actuary
Ecuador is 12,352 USD
Brazil is 15,981 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 Colombia
(306,660,307 COP per year, pre-tax.)
2. Cardiologist
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
5. Neurosurgeon
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
8. Oncologist
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)
Data as of 2025Random salary:
Data application specialist (32,610,780 COP per year, pre-tax.)
Field service technician (19,051,406 COP per year, pre-tax.)
Food and beverage director (39,709,887 COP per year, pre-tax.)
Solderer (15,586,458 COP per year, pre-tax.)
Neonatal nurse practitioner (46,893,780 COP per year, pre-tax.)
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