Home > Salary > Kuwait > Junior Actuarial Analyst
A junior actuarial analyst is an entry-level position in the field of actuarial science. Actuaries are professionals who use mathematical and statistical techniques to assess and manage risks in various industries, such as insurance, finance, and healthcare. As a junior actuarial analyst, your main responsibilities would include collecting and analyzing data, developing mathematical models, and assisting senior actuaries in assessing risk and making financial predictions. You would also be involved in preparing reports, conducting research, and staying updated with industry trends and regulations. This role requires strong analytical skills, attention to detail, and proficiency in mathematical modeling software. Effective communication and teamwork are also essential, as you may need to collaborate with other professionals to provide accurate assessments and recommendations.
Estimated Yearly Salary: 50,123 KWD
Estimated Monthly Salary: 4,177 KWD
Estimated Weekly Salary: 964 KWD per week
Estimated Hourly Salary: 24 KWD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,033 KWD
Estimated Weekly Salary: 931 KWD per week
Estimated Hourly Salary: 23 KWD per hour
Last revision of data: 2024-02-02
Estimated Yearly Salary: 16,802 USD
Estimated Monthly Salary: 1,400 USD
Estimated Weekly Salary: 323 USD per week
Estimated Hourly Salary: 8 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: 50,123 KWD
Estimated Monthly Salary: 4,177 KWD
Estimated Weekly Salary: 964 KWD per week
Estimated Hourly Salary: 24 KWD per hour
Our data indicates that by working as Junior Actuarial Analyst you will not be able to save much money and will likely need to make adjustments to your lifestyle to go comfortably through the month.
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 Kuwait, see costs of living in Kuwait.
Estimated Yearly Salary for Junior Actuarial Analyst
Last revision of data: 2025-01-04
Data as of 2025
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Junior Actuarial Analyst salary in Kuwait
Average Yearly Salary of Junior Actuarial Analyst in Kuwait is approximately 50,123 KWD (16,802 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 Junior Actuarial Analyst do?
A junior actuarial analyst is an entry-level position in the field of actuarial science. Actuaries are professionals who use mathematical and statistical techniques to assess and manage risks in various industries, such as insurance, finance, and healthcare. As a junior actuarial analyst, your main responsibilities would include collecting and analyzing data, developing mathematical models, and assisting senior actuaries in assessing risk and making financial predictions. You would also be involved in preparing reports, conducting research, and staying updated with industry trends and regulations. This role requires strong analytical skills, attention to detail, and proficiency in mathematical modeling software. Effective communication and teamwork are also essential, as you may need to collaborate with other professionals to provide accurate assessments and recommendations.
Skills: actuarial science, risk assessment, data analysis, mathematical modeling, insurance industry, financial predictions
Job industry: Insurance
Job industry: Insurance
How much does Junior Actuarial Analyst make?
Salary details
How much does Junior Actuarial Analyst make?Estimated Yearly Salary: 50,123 KWD
Estimated Monthly Salary: 4,177 KWD
Estimated Weekly Salary: 964 KWD per week
Estimated Hourly Salary: 24 KWD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 48,396 KWDEstimated Monthly Salary: 4,033 KWD
Estimated Weekly Salary: 931 KWD per week
Estimated Hourly Salary: 23 KWD per hour
Last revision of data: 2024-02-02Junior Actuarial Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 16,802 USD
Estimated Monthly Salary: 1,400 USD
Estimated Weekly Salary: 323 USD per week
Estimated Hourly Salary: 8 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
Kuwait is a small country located in the Middle East. It has a population of approximately 4 million people and covers an area of around 17,818 square kilometers. The country is bordered by Saudi Arabia to the south and Iraq to the north.
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Junior Actuarial Analyst job salary compared to average salary in Kuwait.
Comparison shows that a person working as Junior Actuarial Analyst in Kuwait earns on average:
4.08 times the average salary (or 408% of average salary).
Estimated national average yearly salary is 12,300 KWD (40,000 USD). Value indicated is pre-tax. Below graph shows estimated Junior Actuarial Analyst job salary compared to average salary in Kuwait.
Comparison shows that a person working as Junior Actuarial Analyst in Kuwait earns on average:
4.08 times the average salary (or 408% of average salary).
Is Junior Actuarial Analyst a well paid job?
Yes, our data show that Junior Actuarial Analyst 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 Junior Actuarial Analyst?
High salary for Junior Actuarial Analyst would be somewhere between 55,135 KWD and 72,678 KWD. However this is an estimation based on Gaussian Distribution.How much can you save working as Junior Actuarial Analyst in Kuwait?
Living in Kuwait the approximate monthly expenses are: 1,600 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: 50,123 KWD
Estimated Monthly Salary: 4,177 KWD
Estimated Weekly Salary: 964 KWD per week
Estimated Hourly Salary: 24 KWD per hour
Our data indicates that by working as Junior Actuarial Analyst you will not be able to save much money and will likely need to make adjustments to your lifestyle to go comfortably through the month.
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 Kuwait, see costs of living in Kuwait.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Saudi Arabia, Iraq. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Junior Actuarial Analyst
Saudi Arabia is 34,625 USD
Iraq is 7,529 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 Kuwait
(419,012 KWD per year, pre-tax.)
2. Cardiologist
(348,639 KWD per year, pre-tax.)
(336,866 KWD per year, pre-tax.)
4. Neurosurgeon
(324,311 KWD per year, pre-tax.)
(324,112 KWD per year, pre-tax.)
(317,580 KWD per year, pre-tax.)
(317,445 KWD per year, pre-tax.)
(317,318 KWD per year, pre-tax.)
9. Urologist
(317,161 KWD per year, pre-tax.)
10. Plastic surgeon
(316,850 KWD per year, pre-tax.)
Data as of 2025Random salary:
Ironworker (39,676 KWD per year, pre-tax.)
Juvenile detention officer (26,264 KWD per year, pre-tax.)
Medical records health information technician (23,980 KWD per year, pre-tax.)
Senior learning and development specialist (59,732 KWD per year, pre-tax.)
Nursing manager (57,148 KWD per year, pre-tax.)
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