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Senior Actuarial Associate salary in Ethiopia

Average Yearly Salary of Senior Actuarial Associate in Ethiopia is approximately 220,388 ETB (3,671 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 Senior Actuarial Associate do?

occupation personasA senior actuarial associate is a professional who works in the field of actuarial science, which involves analyzing and managing financial risks using mathematical and statistical methods. They are responsible for conducting complex data analysis, developing and maintaining actuarial models, and providing insights and recommendations to help organizations make informed decisions regarding insurance policies, investments, and financial planning. Senior actuarial associates typically have several years of experience in the field and are expected to have advanced knowledge of actuarial principles, practices, and regulations. They collaborate with cross-functional teams, including underwriters, finance professionals, and executives, to assess risk exposure and develop strategies to mitigate potential losses. They also play a key role in regulatory compliance and financial reporting.

Skills: Senior Actuarial Associate, Actuarial Science, Risk Analysis, Financial Modeling, Insurance, Data Analysis
Job industry: Insurance


How much does Senior Actuarial Associate make?

Salary details
How much does Senior Actuarial Associate make?
Estimated Yearly Salary: 220,388 ETB
Estimated Monthly Salary: 18,366 ETB
Estimated Weekly Salary: 4,238 ETB per week
Estimated Hourly Salary: 106 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 213,480 ETB
Estimated Monthly Salary: 17,790 ETB
Estimated Weekly Salary: 4,105 ETB per week
Estimated Hourly Salary: 103 ETB per hour
Last revision of data: 2024-01-08



Senior Actuarial Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 3,671 USD
Estimated Monthly Salary: 306 USD
Estimated Weekly Salary: 71 USD per week
Estimated Hourly Salary: 2 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 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.

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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 Senior Actuarial Associate job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Senior Actuarial Associate in Ethiopia earns on average:
2.09 times the average salary (or 209% of average salary).

Is Senior Actuarial Associate a well paid job?

Yes, our data show that Senior Actuarial Associate 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 Senior Actuarial Associate?

High salary for Senior Actuarial Associate would be somewhere between 242,427 ETB and 319,563 ETB. However this is an estimation based on Gaussian Distribution.

How much can you save working as Senior Actuarial Associate 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: 220,388 ETB
Estimated Monthly Salary: 18,366 ETB
Estimated Weekly Salary: 4,238 ETB per week
Estimated Hourly Salary: 106 ETB per hour
By working as Senior Actuarial Associate a person can save up to 229 USD per month or 2,749 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 Senior Actuarial Associate

Sudan is 1,458 USDdown arrow 60%
Details on Senior Actuarial Associate salary in Sudan
Kenya is 11,535 USDup arrow 214%
Details on Senior Actuarial Associate salary in Kenya
Last revision of data: 2025-01-04

Salary 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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Ethiopia

(1,198,707 ETB per year, pre-tax.)
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
(911,678 ETB per year, pre-tax.)

Data as of 2025

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This website presents salary estimates for informational purposes exclusively.
Salary information displayed on this site is for reference exclusively. Our figures come from various sources, but we do not guarantee absolute correctness. Users must always verify salary details with official resources before making job-related decisions. Salaries differ due to individual experience, market demand, and employer policies. We cannot offer any assurances about the validity of the provided salary data. By continuing to use this site, you acknowledge these limitations.
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