Home > Salary > Myanmar > Senior Actuary
A senior actuary is a highly skilled professional who specializes in assessing and managing financial risks for insurance companies, consulting firms, or government agencies. They use mathematical and statistical models to analyze data and make predictions about future events, such as mortality rates, accident frequencies, or investment returns. Senior actuaries play a crucial role in determining insurance premiums, designing pension plans, and evaluating the financial stability of insurance companies.
Their responsibilities include conducting complex risk assessments, developing pricing models, and providing guidance on strategic planning and decision-making. They also collaborate with other professionals, such as underwriters, investment managers, and executives, to ensure the financial health and profitability of their organizations. Strong analytical skills, attention to detail, and the ability to communicate complex concepts in a clear manner are essential for success in this occupation.
Estimated Yearly Salary: 19,582,094 MMK
Estimated Monthly Salary: 1,631,841 MMK
Estimated Weekly Salary: 376,579 MMK per week
Estimated Hourly Salary: 9,414 MMK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,574,981 MMK
Estimated Weekly Salary: 363,457 MMK per week
Estimated Hourly Salary: 9,086 MMK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 8,541 USD
Estimated Monthly Salary: 712 USD
Estimated Weekly Salary: 164 USD per week
Estimated Hourly Salary: 4 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: 19,582,094 MMK
Estimated Monthly Salary: 1,631,841 MMK
Estimated Weekly Salary: 376,579 MMK per week
Estimated Hourly Salary: 9,414 MMK per hour
By working as Senior Actuary a person can save up to 571 USD per month or 6,856 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 Myanmar, see costs of living in Myanmar.
Estimated Yearly Salary for Senior Actuary
Last revision of data: 2025-01-04
Data as of 2025
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Senior Actuary salary in Myanmar
Average Yearly Salary of Senior Actuary in Myanmar is approximately 19,582,094 MMK (8,541 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 Actuary do?
A senior actuary is a highly skilled professional who specializes in assessing and managing financial risks for insurance companies, consulting firms, or government agencies. They use mathematical and statistical models to analyze data and make predictions about future events, such as mortality rates, accident frequencies, or investment returns. Senior actuaries play a crucial role in determining insurance premiums, designing pension plans, and evaluating the financial stability of insurance companies.
Their responsibilities include conducting complex risk assessments, developing pricing models, and providing guidance on strategic planning and decision-making. They also collaborate with other professionals, such as underwriters, investment managers, and executives, to ensure the financial health and profitability of their organizations. Strong analytical skills, attention to detail, and the ability to communicate complex concepts in a clear manner are essential for success in this occupation.
Skills: Senior Actuary, Risk Assessment, Financial Modeling, Insurance Pricing, Pension Planning, Data Analysis
Job industry: Insurance
Job industry: Insurance
How much does Senior Actuary make?
Salary details
How much does Senior Actuary make?Estimated Yearly Salary: 19,582,094 MMK
Estimated Monthly Salary: 1,631,841 MMK
Estimated Weekly Salary: 376,579 MMK per week
Estimated Hourly Salary: 9,414 MMK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 18,899,768 MMKEstimated Monthly Salary: 1,574,981 MMK
Estimated Weekly Salary: 363,457 MMK per week
Estimated Hourly Salary: 9,086 MMK per hour
Last revision of data: 2024-01-09Senior Actuary estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,541 USD
Estimated Monthly Salary: 712 USD
Estimated Weekly Salary: 164 USD per week
Estimated Hourly Salary: 4 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
Myanmar, also known as Burma, is a country located in Southeast Asia. With a population of approximately 54 million people, it is the 26th most populous country in the world. The nation covers an area of around 676,578 square kilometers, making it the 40th largest country in terms of land area.
Estimated national average yearly salary is 7,363,980 MMK (3,510 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Myanmar.
Comparison shows that a person working as Senior Actuary in Myanmar earns on average:
2.66 times the average salary (or 266% of average salary).
Estimated national average yearly salary is 7,363,980 MMK (3,510 USD). Value indicated is pre-tax. Below graph shows estimated Senior Actuary job salary compared to average salary in Myanmar.
Comparison shows that a person working as Senior Actuary in Myanmar earns on average:
2.66 times the average salary (or 266% of average salary).
Is Senior Actuary a well paid job?
Yes, our data show that Senior 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 Senior Actuary?
High salary for Senior Actuary would be somewhere between 21,540,303 MMK and 28,394,036 MMK. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuary in Myanmar?
Living in Myanmar the approximate monthly expenses are: 140 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: 19,582,094 MMK
Estimated Monthly Salary: 1,631,841 MMK
Estimated Weekly Salary: 376,579 MMK per week
Estimated Hourly Salary: 9,414 MMK per hour
By working as Senior Actuary a person can save up to 571 USD per month or 6,856 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 Myanmar, see costs of living in Myanmar.
Salary comparison to region and neighbouring coutries
Country's neighbours are: India, Bangladesh, China, Laos, Thailand. 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 Actuary
India is 54,549 USD
Bangladesh is 6,863 USD
China is 31,365 USD
Thailand is 17,559 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 Myanmar
(83,862,518 MMK per year, pre-tax.)
2. Cardiologist
(69,987,991 MMK per year, pre-tax.)
(67,281,160 MMK per year, pre-tax.)
(65,258,796 MMK per year, pre-tax.)
5. Neurosurgeon
(65,192,663 MMK per year, pre-tax.)
(63,906,515 MMK per year, pre-tax.)
(63,864,729 MMK per year, pre-tax.)
8. Oncologist
(63,598,524 MMK per year, pre-tax.)
9. Urologist
(63,573,880 MMK per year, pre-tax.)
10. Dermatologist
(63,550,989 MMK per year, pre-tax.)
Data as of 2025Random salary:
Sound engineer (4,489,886 MMK per year, pre-tax.)
Talent development consultant (9,793,464 MMK per year, pre-tax.)
Nursing home executive director (12,518,766 MMK per year, pre-tax.)
Global product manager (17,023,110 MMK per year, pre-tax.)
Vacuum cleaner repairer (2,862,256 MMK per year, pre-tax.)
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