Home > Salary > Norway > Actuarial Consultant
An actuarial consultant is a professional who provides expertise in risk management and financial forecasting to clients in various industries. They analyze large amounts of data to assess and mitigate potential risks, such as insurance claims or investment losses, and help organizations make informed decisions based on their findings. Actuarial consultants use mathematical models and statistical techniques to evaluate the probability and impact of different scenarios, ensuring that businesses can effectively manage their risks and optimize their financial strategies. They also provide advice on pricing, product development, and regulatory compliance.
Estimated Yearly Salary: 1,946,193 NOK
Estimated Monthly Salary: 162,183 NOK
Estimated Weekly Salary: 37,427 NOK per week
Estimated Hourly Salary: 936 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 156,506 NOK
Estimated Weekly Salary: 36,117 NOK per week
Estimated Hourly Salary: 903 NOK per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 176,896 USD
Estimated Monthly Salary: 14,741 USD
Estimated Weekly Salary: 3,402 USD per week
Estimated Hourly Salary: 85 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: 1,946,193 NOK
Estimated Monthly Salary: 162,183 NOK
Estimated Weekly Salary: 37,427 NOK per week
Estimated Hourly Salary: 936 NOK per hour
By working as Actuarial Consultant a person can save up to 10,921 USD per month or 131,051 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 Norway, see costs of living in Norway.
Estimated Yearly Salary for Actuarial Consultant
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Actuarial Consultant salary in Norway
Average Yearly Salary of Actuarial Consultant in Norway is approximately 1,946,193 NOK (176,896 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 Actuarial Consultant do?
An actuarial consultant is a professional who provides expertise in risk management and financial forecasting to clients in various industries. They analyze large amounts of data to assess and mitigate potential risks, such as insurance claims or investment losses, and help organizations make informed decisions based on their findings. Actuarial consultants use mathematical models and statistical techniques to evaluate the probability and impact of different scenarios, ensuring that businesses can effectively manage their risks and optimize their financial strategies. They also provide advice on pricing, product development, and regulatory compliance.
Skills: Actuarial consulting, Risk management, Financial forecasting, Data analysis, Mathematical modeling, Statistical techniques
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Consultant make?
Salary details
How much does Actuarial Consultant make?Estimated Yearly Salary: 1,946,193 NOK
Estimated Monthly Salary: 162,183 NOK
Estimated Weekly Salary: 37,427 NOK per week
Estimated Hourly Salary: 936 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,878,074 NOKEstimated Monthly Salary: 156,506 NOK
Estimated Weekly Salary: 36,117 NOK per week
Estimated Hourly Salary: 903 NOK per hour
Last revision of data: 2024-01-06Actuarial Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 176,896 USD
Estimated Monthly Salary: 14,741 USD
Estimated Weekly Salary: 3,402 USD per week
Estimated Hourly Salary: 85 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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Salary comparison to National average
Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Consultant job salary compared to average salary in Norway.
Comparison shows that a person working as Actuarial Consultant in Norway earns on average:
1.99 times the average salary (or 199% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Consultant job salary compared to average salary in Norway.
Comparison shows that a person working as Actuarial Consultant in Norway earns on average:
1.99 times the average salary (or 199% of average salary).
Is Actuarial Consultant a well paid job?
Yes, our data shows that Actuarial Consultant is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Actuarial Consultant?
High salary for Actuarial Consultant would be somewhere between 2,140,812 NOK and 2,821,980 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Consultant in Norway?
Living in Norway the approximate monthly expenses are: 3,820 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: 1,946,193 NOK
Estimated Monthly Salary: 162,183 NOK
Estimated Weekly Salary: 37,427 NOK per week
Estimated Hourly Salary: 936 NOK per hour
By working as Actuarial Consultant a person can save up to 10,921 USD per month or 131,051 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 Norway, see costs of living in Norway.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Sweden, Finland, Russia, Denmark. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Actuarial Consultant
Sweden is 116,336 USD
Finland is 100,937 USD
Russia is 23,817 USD
Denmark is 135,175 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 Norway
(10,937,756 NOK per year, pre-tax.)
2. Cardiologist
(9,106,184 NOK per year, pre-tax.)
(8,829,745 NOK per year, pre-tax.)
4. Neurosurgeon
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
6. Oncologist
(8,361,766 NOK per year, pre-tax.)
7. Urologist
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)
Data as of 2025Random salary:
Turret punch press operator (535,267 NOK per year, pre-tax.)
Direct support professional (519,538 NOK per year, pre-tax.)
Trader derivatives (1,709,863 NOK per year, pre-tax.)
Private equity investment analyst (984,200 NOK per year, pre-tax.)
Export markets development manager (1,292,568 NOK per year, pre-tax.)
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