Home > Salary > Ethiopia > Actuary
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: 226,618 ETB
Estimated Monthly Salary: 18,885 ETB
Estimated Weekly Salary: 4,358 ETB per week
Estimated Hourly Salary: 109 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 18,205 ETB
Estimated Weekly Salary: 4,201 ETB per week
Estimated Hourly Salary: 105 ETB per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 3,755 USD
Estimated Monthly Salary: 313 USD
Estimated Weekly Salary: 72 USD per week
Estimated Hourly Salary: 2 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: 226,618 ETB
Estimated Monthly Salary: 18,885 ETB
Estimated Weekly Salary: 4,358 ETB per week
Estimated Hourly Salary: 109 ETB per hour
By working as Actuary a person can save up to 236 USD per month or 2,833 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 Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Actuary
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Lab analyst (53,941 ETB per year, pre-tax.)
Marketing communications coordinator (75,295 ETB per year, pre-tax.)
Early childhood assistant director (53,649 ETB per year, pre-tax.)
Surveillance operator (47,404 ETB per year, pre-tax.)
Business analyst software (129,438 ETB per year, pre-tax.)
Actuary salary in Ethiopia
Average Yearly Salary of Actuary in Ethiopia is approximately 226,618 ETB (3,755 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: 226,618 ETB
Estimated Monthly Salary: 18,885 ETB
Estimated Weekly Salary: 4,358 ETB per week
Estimated Hourly Salary: 109 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 218,460 ETBEstimated Monthly Salary: 18,205 ETB
Estimated Weekly Salary: 4,201 ETB per week
Estimated Hourly Salary: 105 ETB per hour
Last revision of data: 2024-01-03Actuary estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,755 USD
Estimated Monthly Salary: 313 USD
Estimated Weekly Salary: 72 USD per week
Estimated Hourly Salary: 2 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
Compare salary to other countries
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Country:
Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Actuary job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Actuary in Ethiopia earns on average:
2.15 times the average salary (or 215% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Actuary job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Actuary in Ethiopia earns on average:
2.15 times the average salary (or 215% 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 249,280 ETB and 328,596 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuary in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 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: 226,618 ETB
Estimated Monthly Salary: 18,885 ETB
Estimated Weekly Salary: 4,358 ETB per week
Estimated Hourly Salary: 109 ETB per hour
By working as Actuary a person can save up to 236 USD per month or 2,833 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 Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. 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
Sudan is 1,492 USD
Kenya is 11,808 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 Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Lab analyst (53,941 ETB per year, pre-tax.)
Marketing communications coordinator (75,295 ETB per year, pre-tax.)
Early childhood assistant director (53,649 ETB per year, pre-tax.)
Surveillance operator (47,404 ETB per year, pre-tax.)
Business analyst software (129,438 ETB per year, pre-tax.)
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Please note:The salary data presented here are meant for informational purposes solely.
The salary data on this site is designed for reference purposes only. We offer salary insights based on multiple datasets, but cannot guarantee complete accuracy. Users should consistently verify salary details with other trusted sources before making career-related choices. Variations in salary figures may arise due to various factors, including location, experience, and industry. We do not offer any warranty regarding the completeness of the provided salary data. Use of this website implies acceptance of these terms.
The salary data on this site is designed for reference purposes only. We offer salary insights based on multiple sources, but do not guarantee complete precision. Users should consistently cross-check salary details with other trusted sources before making career-related choices. Fluctuations in salary figures may arise due to several factors, including company policies, market demand, and individual skills. We do not offer any warranty regarding the completeness of the provided salary information. Use of this website implies acceptance of these conditions.